Next support at 1.14. Great time to accumulate this quality stock. When the hype riding retailers are gone, only serious investors will stay for long term. Digital banking or not, this stock has a good future outlook especially during the recovery of economy.
why doesn't the share price move up after the dividend?? have you done enough research about this counter?? wallstreetrookie, you have a high value of TSH so i think you can do more research for this counter for the price seems stagnant??
I'm also hoping that Sabah & Sarawak will get at least 1 digital banking license as EM is really underserved. But if BNM is going all out just for potential profit, then the obvious choices would be the ones people are singing the loudest about (RHB-AXIATA, YTL-SEAGROUP, AEON Group, Razer). These fellas will only go for the techsavvy city dwellers and in the end the underserved will continue to be neglected.
This counter seems to be constantly buying back its own shares despite the price keeping going down further. Are they trying to support their share price with their cash hoard despite knowing that their share price keeps dropping on? Would be better if they let the price drop till a support is reached or so before employing the buybacks.
Company buys back shares have different priority compared to investors. If they were to let their share price slide to whatever bottom, it would look bad on them, so buying back the shares and maintaining the price provides assurances to investors that the company has confidence in their valuation.
i am wondering is this a good company to invest in. i bought at a peak of RM1.33 but now it is only 89cents. i cannot think of losses in buying shares.
@software guy, how was the performance for the 1H, seems the price has been dropping since the ex-dividend was declared. will it rebound back above RM1 again? every counter i bought has been dropping badly.
Believing that the unity government will be supportive of domestic consumption, Kenanga Research has advised investors to seek refuge in domestically-driven sectors including banks, telcos, automakers/distributors, mid-market retailers and construction, amidst rising external headwinds.
The research house holds the view that under the new "unity” government based on the power-sharing model, the prevailing policy inclinations are likely to remain at least over the immediate term.
"On one hand, companies in the consumer space enjoyed brisk demand as the pandemic tailed off and life returned to normalcy, while oil and gas players were buoyed by increased activity levels.
"On the other hand, high inflation reverberated across the economy, hurting companies with weak pricing power,” it said in a note today.
It has lowered its CY22 forecast FBM KLCI earnings contraction projection slightly to -9.1 per cent (from -9.3 per cent) while moderating the CY23 forecast growth to 10.1 per cent (from 11.4 per cent), largely to reflect weaker plantation earnings, and maintained its end-2022 FBM KLCI target of 1,500 points.
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....
faridfet
270 posts
Posted by faridfet > 2022-04-05 11:15 | Report Abuse
correct Mr software guy