Many investors/punters are chasing crazily after glove and healthcare counters. I stayed focused on laggards with some fundamentals.
Compared to what major shareholder Datuk Johari has paid 68 sen for a major stake in this company, 38 sen is very much at a discount. Hope to collect more at lower prices.
In this exceptionally low-interest-rate environment, more people will be lured into the stock market for a higher return. But stock pick is important too. Do not chase high.
@John1234, totally agreed, dont chase high, now ppl shld focus on those undervalue counters and companies with good fundamentals/earnings. Once the econ improves, the true intrinsic value of their stocks will be reflected as well...
Thanos2020, We were among the pioneer batch of forumers that bought into Comfort Glove early this year. But I exited it too early. Never expected such an explosive action.
@John1234, yeah we were there very early on, currently there are a new set of forumers at the Comfort forum, some promoting it and the regular few/new ones that keep screaming heaven collapsing whenever there is some pull back ...
As long as you hv profited, it is never too early bro...congrats to you too!
I sold at different price levels based on it hitting historical highs, wouldnt say i made tons like those holding onto all their comfort shares till today. I still hv a few lots at very low cost, so still holding on...but I already set my exit strategy... after that I shall leave the comfort shares for the brave/bold and some might say even foolhardy....
Datuk Johari is no fool when he paid 68sen a share or RM121.09 million for 31.99% of the KUB stake. He already knows the intrinsic value of this company. Now it is at a huge discount of 40sen a share, it is a no brainer to just keep buying, they already liquidated their none core business of A&W (good move since A&W losing out market share to McD/KFC/Texas Chicken eons ago) and took a chunk of the sale money as their working capital for further development. Now, focusing on LPG/Oil Palm Plantation/ ICT and power sectors & speculated communication towers for the roll out of 5G?
Possible, if MGO occurs, the norm is for the share price to shot up...minority shares floating are ard 37.7% and Bank Islam Trust, 20.2%...the rest are top 7 individual holders not related to the management
Thanos2020, thanks for your reply. Wow, you really did your homework for this counter.
The recent high was 46(not 47) sen. This is the 1st time(other than the recent high of 46 sen) in recent history that it has consolidated and closed above 40 sen. Good showing today.....
Frankly, I do not like to set a target price for any counter. A lot will depend on a number of variables. To be realistic, the first hurdle is for it to break the recent barrier of 46 sen first. Hope it will not take too long...
Today's market is affected by glove counters. If it can hold above 40 sen, that will be considered good enough.
But all punters are busy watching glove counters. No time for other counters. So, the market operator switches to churn down slightly(collection mode) to meet his KPI for today. Lol.
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....
Investing_Bursa
2,511 posts
Posted by Investing_Bursa > 2020-05-28 11:53 | Report Abuse
wah flying d