recently due to poor market, difficult for penny counter to move up...today is T+1 after the spike last Fri, lets see tomorrow. closed below short term support, does not looks good, ensure the cut loss point is set
KheeSan financial highlight shows stable net profit each year past 10 years. Share price drop because of the London Biscuits fiasco. Khee San business were not affected. They are not directly related anymore. Price should go back to its previous range of 0.6 once people realized the facts. Just enjoy the show my friends.
Open 0.316 High 0.365 Volume: 37.74 million (no other day Khee San has this much volume)
The 'big money' have made their buy 2 weeks ago. Hahaha.
For those who says that Khee San have poor cash flow, look carefully in AR 2018.
Khee San spent almost 22 million of cash for purchases of plant and equipment for operation expansion to satisfy growing demand and still able to keep 17 million.
During financial crisis in 2008, the price of Khee San stock fell down to 0.19 only to shoot up to 0.813 with in 2 months (research the past history of this company). History shows that the company is strong even during difficult economic time.
This time around, the price drop with no apparent reason. At current setup, Khee San is good for short to medium term investment.
Traders to watch out this counter. Price action already consolidated since last 2 weeks. Just need more volume before can fly high. See price action chart.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
darkxfs
2,121 posts
Posted by darkxfs > 2019-07-10 11:29 | Report Abuse
got dividend