Will only move after election or with political stability. RMK 12 supposed to be tabled in 2020 but postponed to early 2021. Then, worsening of Covid plus our PM obtained immunity i.e. no parliament meeting till 1 August 2021... Thus all the momentum accumulated in Dec 2020 gone... *Fingers crossed for show in 2nd half of 2021.
Directors have been buying the shares at even higher than current price. We can safely presume that they know why they are buying, perhaps expecting better performance in the near future.
Director buying should not be a indicator of safety or confidence. Few factors: 1) Most important is the volume of the so called director buying. 100,000 shares is only RM2+k which is insignificant for a Director or Tan Sri. 2) Different holding power. Directors vs retail buyers. They can buy and keep till whenever they want. But you may want to reconsider if you only have one bullet. 3) Different purposes of director buying. It can be real personal/company interest seen, to create confusion (to say con is unfair as retail buyers have great imagination), having too much money etc
Market cap of AZRB only RM158m, Crazy for a company building EKVE for RM1.55b, which is expected to be completed either by May 2021 or Q3. After that 50 year concession starts.
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....
SonOfaGun
290 posts
Posted by SonOfaGun > 2020-12-26 09:35 | Report Abuse
0.15 hoot 9 e!