RHB downgrade PUNCAK to sell, http://klse.i3investor.com/blogs/rhb/37817.jsp Look like is a done deal, declare special dividend on KPS, bad news on PUNCAK with no volume Try to push down the stock to buy more, Just my opinion
I never though RHB could make such kind of target price due to "their own assumption" of delay of water deal. How could the delay change the target price? This is simply non-sense and I would have great reservation on their valuation from now onward. This is ridiculous!!! The water deal does not goes with the market price of the stock but the actual valuation of the assets, probably with some multiplication factor. I would suspect some party simply give comments and pull down the market price for their entry.
Investors buying on confidence that the deal will be soon...but we depend on news and sentiments as well. Need to buy and sell at the right time. A little correction will happen as the price flew like no ones business for Puncak and Kps.
Dow Jones Industrial is on apparent downtrend and the Chicago panic index ( CBOE Volatility ) is getting high each day as well. Investors are getting more panic, they are selling more down and down. Perfect inverse correlation, perfect match. Due to the risk of US ceiling height issue ( US to meet on 17-10-13 on this matter ) couple with the shutdown of US government, better sell off all now and buy back KPS after seeing cloud disappears. This ceiling height issue hit me last year and I am now extremely alert.
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BBB79
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Posted by BBB79 > 2013-10-02 12:43 | Report Abuse
sly80, if yo wish to get the dividend, sorry is over the exdate...