Posted by John1234 > 2020-06-19 17:52 | Report Abuse

Closed at 41.5 sen.

This is probably the 2nd highest close price in recent history, below recent high of 46 sen, ahead of a weekend. Majority of the vol was traded between 39.5 sen and 42.5 sen.

Market sentiments were lifted by a rebound in glove counters. Got to see how it goes next week...

----------------------------------------------------------------------------https://www.thestar.com.my/business/business-news/2020/06/19/cpo-over-two-months-high-on-crude-gains-low-stocks-in-india-china#cxrecs_s

Posted by John1234 > 2020-06-19 19:13 | Report Abuse

EngineeringProfit, for every buy and sell queue, not all vols are real. Only mkt operator can tell the actual vols....

If you look at the trading patterns of super-active counters like Prestariang or glove counters, you will understand what I mean..

Market is not as straightforward as we think.

Posted by EngineeringProfit > 2020-06-19 19:18 | Report Abuse

Yes, John1234, tricky market.....and trickest season too....

Anyway....so good today....HUUUUAAAAT AAAARRR

Posted by John1234 > 2020-06-19 22:56 | Report Abuse

Yes, there is a lot of difference. If we invest in an undervalued counter, we can sleep peacefully at night...

Posted by John1234 > 2020-06-22 14:07 | Report Abuse

Trading vol was small this morning, but still holding above 40 sen, consolidating currently....

Posted by John1234 > 2020-06-22 18:09 | Report Abuse

Closed at 41.5 sen at the last min, amid price consolidation in a narrow trading range. With a rise in coronavirus cases as economies reopen globally, market operator adopts a "wait-and-see" trading approach in the meantime.
https://www.theedgemarkets.com/article/global-palm-oil-usage-fall-first-time-due-coronavirus-%E2%80%94-analyst-mielke

Posted by John1234 > 2020-06-23 09:48 | Report Abuse

MARKETS
Stock futures drop after Peter Navarro says China trade deal is ‘over’. This affects the market sentiments today....

Posted by John1234 > 2020-06-23 10:23 | Report Abuse

Latest:
Stock futures recover after Peter Navarro clarifies that U.S.-China trade deal is not over

You can see how markets are driven by headline news....

Posted by Investing_Bursa > 2020-06-23 15:18 | Report Abuse

Time to reload !

Posted by John1234 > 2020-06-23 17:28 | Report Abuse

Closed at 40 sen. KLCI was dragged down today mainly by bank counters.

I thought mkt operator would churn it down to 38 sen for me to pick up some shares. But mkt operator put a price floor at 39.5 sen today.

The operator is really testing our patience...

Posted by Solomon7 > 2020-06-23 19:57 | Report Abuse

Smell sign of price surge...

Posted by John1234 > 2020-06-23 21:29 | Report Abuse

MARKETS
Dow futures jump 300 points, recovering from overnight losses following China trade deal scare. Regional markets are all in the green, except KLCI today. Hope Bursa will do a catch up tomorrow...
https://www.theedgemarkets.com/article/palm-oil-bounces-back-stronger-crude

Posted by Investing_Bursa > 2020-06-24 15:16 | Report Abuse

Looks good to move up from these levels...

Posted by John1234 > 2020-06-24 17:11 | Report Abuse

It looked quite promising until Dow futures were down 200+ points in the afternoon and many counters took a dive down, including glove counters too.

Nowadays, glove counters are not immune to the broader mkt weakness as well.

Posted by Solomon7 > 2020-06-24 20:03 | Report Abuse

Market worries on the coming back of IDSS. Actual company result is not as good as expected. No incentive to jack up share price.

High cash reserves stock or gold stock are worth a look.

Posted by John1234 > 2020-06-25 08:04 | Report Abuse

Dow dropped more than expected last night. Let's see how the mkt will react today...

Posted by John1234 > 2020-06-25 17:27 | Report Abuse

KLCI was down 13.43 points. But this counter closed unchanged at 39 sen.

Trading vols in the past few days were low. Selling was mainly absorbed between 38.5 and 39 sen. My 38 sen buy queue was left unfilled.

Posted by Solomon7 > 2020-06-25 19:14 | Report Abuse

Another asset rationalized at 80mil, after selling plantation for 158mil.

Almost a quarter of billion into the coffer.

Well, it will intrigue the famous phrase "something is brewing" in the financial papers next? Smart operator or some says election is near so the vehicle need to be loaded up??

Posted by John1234 > 2020-06-25 19:55 | Report Abuse

(Extracted from the announcement document:)
The Disposal was completed on 25 June 2020

The gain on disposal from this transaction based on the Group’s consolidated
NA of KUBE as at 31 December 2019 of RM47.7 million is RM32.3 million.
Based on the number of KUB ordinary shares of 556,464,690 units, the
consolidated EPS and NA per share of KUB is expected to increase by
approximately 5.8 sen.
The Disposal will reduce the Group’s gearing ratio from 0.31 times to 0.28
times
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3062278

Posted by captain star > 2020-06-26 09:11 | Report Abuse

Gogogo..huatla!!

Posted by luckypunting > 2020-06-26 10:08 | Report Abuse

.... KUB with all the CASH increases and debt lowering...something brewing?

Posted by investorbat > 2020-06-26 10:38 | Report Abuse

plantation sell 158mil + another asset sell 80mil total 238 mil cash=0.40 cash. Annual report stated more than 3500 hectar of land did not revalue long time

Posted by Miz Raya Bloom > 2020-06-26 10:40 | Report Abuse

kasi pecah 46 sen!

Posted by luckypunting > 2020-06-26 10:44 | Report Abuse

so if buy now around 0.40-0.42 ..... 0.40 of those is cash? ... wow ... pretty sure some M

Posted by Miz Raya Bloom > 2020-06-26 10:50 | Report Abuse

ku rasa something brewing too! under Johari kan

Posted by muaz86 > 2020-06-26 10:55 | Report Abuse

TP for KUB?

Posted by muaz86 > 2020-06-26 10:55 | Report Abuse

60c?

Posted by Miz Raya Bloom > 2020-06-26 11:04 | Report Abuse

boleh la kot

Posted by SpicyMcDeluxe > 2020-06-26 11:34 | Report Abuse

kekw

Posted by maltrader > 2020-06-26 11:53 | Report Abuse

breakout above 0.60 TP 1 RM1.00 TP 2 RM1.50.. haha

Posted by BigDaddyCool > 2020-06-26 11:53 | Report Abuse

460 breakout price before heading towards 535...buying momentum huge

Posted by wendycwl > 2020-06-26 11:57 | Report Abuse

why kub up?u thk i shld sell now?many years bought at 0.56

Posted by Miz Raya Bloom > 2020-06-26 11:58 | Report Abuse

ku tunggu pecah 46

Posted by John1234 > 2020-06-26 13:42 | Report Abuse

This morning, KLCI closed unchanged. But this counter shot up to the top 20 most actives, spurred by the asset disposal news.

It's fundamentally interesting. Let's see if it can break the recent high of 46 sen today.

Posted by Solomon7 > 2020-06-26 14:56 | Report Abuse

It can John

Posted by SpicyMcDeluxe > 2020-06-26 14:58 | Report Abuse

Kekw

Posted by captain star > 2020-06-26 15:12 | Report Abuse

gogogo..definitely can limit up today

Posted by pfsurewin > 2020-06-26 16:50 | Report Abuse

gostan kaw kaw...

Posted by Miz Raya Bloom > 2020-06-26 16:50 | Report Abuse

sape lari? tak sempat pecah 46

Posted by Ridzuan Othman > 2020-06-26 17:33 | Report Abuse

wow...will brake 45 sen after this ........52 million unit collecte

Posted by longtermvaluegain > 2020-06-26 17:59 | Report Abuse

Bloom, ada sesetengah orang jual pd rm0.44-0.45, selepas itu, mereka beratur balik untuk beli balik pada harga rm0.42-0.435. Inilah cara sebahagian kelakuan manusia dlm share market.

Posted by John1234 > 2020-06-26 17:59 | Report Abuse

Closed at 41.5 sen, ranked no.14 most active.

It touched a high of 45.5 sen, before making a U-turn lower. Overall, market sentiments were not good, impacted in part by fairly steep drops in glove counters and some speculatives. KLCI continued to drift down 1.06 pts at closing and Dow futures dropped 200 points in the afternoon.

In the last few days, trading vols were low, mkt operator could be seen accumulating shares. However, when the operator started to open up trading vol like today, mkt operator would be distributing his cheaper shares to punters/traders as well.

Got to see how it goes next week after the operator studies the trading stats for today and plans the next course of action.

Posted by John1234 > 2020-06-26 18:56 | Report Abuse

I remember somebody ever asked me if I had a target price for this counter.

My reply was, "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...."

Look at other forums where very high target prices were quoted, eg glove counters, what happens now? Some investors/newbies get trapped at least for now.

Do our own analysis. Do not simply take target prices set by others as a buy/sell signal. Mkt operators like to use their runners(could be among us) to shout high target prices to push up share prices.

Posted by Solomon7 > 2020-06-26 19:13 | Report Abuse

John, is your surname Lu? Curious, u talk exactly like him...

Posted by John1234 > 2020-06-26 19:23 | Report Abuse

My surname is not Lu. I usually give my candid views. Which part do I talk like him?

Posted by Solomon7 > 2020-06-26 20:10 | Report Abuse

Your analysis style but that does not matter.

One worry in market removed IDSS suspended til year end. Let see next week performance.

Posted by John1234 > 2020-06-26 20:43 | Report Abuse

Yes, that is good news for overall mkt...

Posted by trader808 > 2020-06-26 21:07 | Report Abuse

Lately during MCO the company undertakes two disposal
1. sold plantation at 158m and realised a gain of 122m
2. sold shares to BJ Corp at 80m and realise a gain of 32m
The company will announce additional profit of 154m at year end.

in addition, the cash position will be boosted by 238m. Together with the current cash on hand of 121m , KUB will have potential cash of 359m when the transaction is completed at year end.

The company has 556m shares and debts of 82m assuming it can reduce it further by 10m.
then, the net cash of the company is 359m minus 82m is 277m.

The net cash per share is 277m divided by 556m shares is 50 sen.

Given that the share price is 41 sen and the potential net cash per share of 50 sen is like a fat toad jumping on the street. Beside you also get few hundred million of assets for free.

Considering the above financial facts it is unwittingly wasteful to ignore such a great bargain.

Posted by investorbat > 2020-06-26 21:42 | Report Abuse

after the 2600 hectares of plantation land at johor sold for 158m,KUB still has 4,600 hectares of plantation land at sarawak and 1,500 hectares of land at sabah,this 2 pieces of land valued more than 150m, not including others asset ,please check the latest annual report

Posted by Miz Raya Bloom > 2020-06-26 21:46 | Report Abuse

wow!