Base on my experience, it is not a one day show. Below is the reason :
1)Kumpulan Perangsang Selangor(5843) is a profitable stock. Recently the 1st quarter recorded 11.47 million profit compare with the last year only 7.1 million profit. Many of this kind of profitable stock already rise, it is just undervalued at the moment.
2)It keep rebound from the resistance line, that mean it will keep increasing. Recently the price was touching the high price 0.55, then the next day it drop and but it touch the resistance line again today and rebound back. That mean people are collecting it and will continue to rise. A one day show stock will continue to drop, drop below the resistance line without rebound back, this is very important how to identify one day show stock.
According to my chart, more and more people are collecting this undervalued stock.
The target price for this stock should be 0.75 and above.
Thank u Masterhead for giving your personal views on KPS and we as small retailers are hoping that after yesterday baby sharks nibbling GRANDPA sharks might give a helping hand next week as quarterly reports on 29 Aug 2020! Those excitement feelings will begin on 24 August with grandpa sharks' blessing!....looking forward for your strong support too!
KPS ceo is pressrving CASH so no dividend this year expect bad yesr ahead during AGM but still better than alot of company except glove n FMC counters. Anyway still quite attrative to buy at this price range, might have some SURPRISE this coming week.
KPS is conserving Cash bcos it is in talk to buy another carton printing And Injection moulding Company. Carton printing Co. is in anticipation of alibaba distribution Centre either in Penang or Johor expansion. Another Plastic Injection moulding is to become the Bigger of the Biggest in Malaysia....When you are dealing with Foxconn Taiwan, the biggest might just a average size to Foxconn Apple
Today during AlJazeera Panel Discussion on US / China Biz Relationship And Debt arises from CoronaVirus......Prof. Robert Quartly-Janeriro of London School of Economics has reaffirmed Apple is moving into Malaysia.
Buy now before KPS hit RM20.....only 54.50cents Now!!!!
Just a figure of speech. Who would believe TopGlove goes from RM 4--5 (PE 165 ) average to RM28 eventhough maximum average selling price can only last to Dec 2020....All the hype from Bankers and Goreng-goreng kaki.....Apple is world richest Company so can its products can last another 10years for sure
when you want to goreng to extreme height, you have to choose minimum # of share outstanding share.....KPS got only 25% outstanding shares for ikan bilis to goreng......135mil shares The rest are held by Selangor Mutual Funds ( much like PNB )
been buying ranges from 0.485 to 0.505s.... a few months ago it seemed UNWANTED to those traders ....volumes were low ....only gloves companies in the spotlight . Now gonna fly till end of the month for quarterly report cards!...CHEERS
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Posted by steveninvest > 2020-08-21 16:14 | Report Abuse
yup, shark start collecting this undervalued stock..Going to fly...