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 counter is still making a loss for many. last year i bought at RM1.30 so with the dividends received and going to receive is still not enough to make up the loss. too bad
@rahulsk1947 Maybe can look for the new IPO with the same industry - Mercury Securities. what's interesting here is among companies with similar setups known as 1+1 brokers or universal brokers, mercury securities stands out by achieving the highest NP margin with the least market share.
Year end window brushing hope for sometimes else brewing here some great revaluation up on this share price really feel weird a good doing investment bank share price in such undervalued with damn good dividends
With new EPS and FED rate cuts coming in 2024 market will see a turn around which increases market volume thus kenanga which gives loan to traders will have a increase next year also not to mention the coming dividend around april aiming about 0.08 cents per share as a hike of eps best time to jump into it and ride along, next target price:RM1.10
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 257 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11380 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
saberfist1
6 posts
Posted by saberfist1 > 2022-05-21 12:01 | Report Abuse
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.