Boeing dropped more than 4 percent, contributing the most to the Dow's decline. Boeing's decline comes after a report said President Donald Trump wishes to slap $60 billion of tariffs on Chinese goods. Investors feared China could target the aerospace giant in retaliation.
Kobay can drop, just as it has gone up....and as it drops to a point where "value" appears, I would start nibbling based on it's projected PE. At RM1.10 perhaps??
The management anticipates that the manufacturing segment shall remain profitable for the coming quarters in view of the steady incoming orders from electronics and aerospace industries. While preserving electronics as our core business, the segment shall continue to focus on expanding its business in aerospace sector, medical healthcare & life science products, focusing on improving its capacity and production efficiency. On the other hand, we shall simultaneously re-gearing for new markets for oil & gas business unit to cushion out the negative impact of the industry. We shall continue to ride on the electronics market that has grown at an impressive rate and intensity our growth in aerospace business to strike for a positive result for coming quarters. For property development division, the management is actively pursuing Phase 2 of Lavanya Langkawi, a serviced studio and serviced apartment project with projected gross development value of RM 214.96 million. The Phase 2 has obtained planning approval on 8 November 2017 and the management target to obtain its building plan and APDL by Q4 FYE2018 in order to launch the project in Q4 FYE 2018. We are mindful of the challenging market sentiments and have also refocused our efforts towards delivering more mid-market and affordable products for our up- coming launching. In overall, the management expects the performance of the Group to be satisfactory for the remaining quarters of the financial year, in line with modest growth forecasted for manufacturing and new launching of property project.
after dump all above RM1.50, I have been waiting the time to buy back.
WOW!! today suddenly panic selling down to 93cents but I only managed buy some at 94-95cents.
This company business is ok and well managed but Keep borrowing something is not good. Okay if can make consistent profits and pay bank. But need to understand there is an interest for each loan. Need to figure out that
Pursuant to Chapter 9.04(e) of the Listing Requirements, the Board of Directors of Kobay Technology Bhd. ("Kobay" or “the Company”) wishes to announce that on 28 March 2018, Kobay and Paradigm Aerospace Sdn. Bhd. (formerly known as Paradigm Aero Technology Sdn. Bhd.)(Company No. 1258406-W) (“PA”), the wholly owned subsidiary company of Lipo Corporation Sdn. Bhd. (Company No.: 491485-V) (“Lipo”), for which Lipo is the wholly owned subsidiary company of Kobay, have accepted the following banking facilities offered by Messrs. Hong Leong Islamic Bank Berhad to facilitate PA’s acquisition of property as per our announcement dated 14 March 2018 with reference number GA1-08032018-00017, upgrading of the said property and Kobay’s working capital purpose.
For further details, kindly refer to the attachment.
Possible upside. KOBAY is showing signs of recovery from recent major pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.13 be genuinely broken, it may continue to lift price higher to subsequent resistance level of RM1.30.
However, failure to hold on to support level of RM1.05 may indicate weakness in the share price and hence, a cut-loss signal.
Noted., thanks..Apart from Technical Analysis as a guide, Kobay is supported at these levels by it's Fundamental Analysis. Who knows of the future?...., but I am in.
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....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2018-03-05 08:40 | Report Abuse
EPS about 4sen, estimated about 16sen per annum. Rm1.60 will be reasonable.
Just ignored that Fishmi. Go every counter blow buy and sell