last FY pat 21 m+, 4 cents dividend should repeat end Nov, and hope next feb repaet 10 cents special dividend again....so 14 cents hold 5 months....ok la
Short term price weakness is normal. Not every share can go up like Hengyuan. It;s better to inch up slowly and let the market dictates it.
More importantly, fundamentals are good. Strong B/S: Net cash 54 sen per share, FCF/share > 4.5% (above risk free rate), DY > 6% Strong earnings visibility: riding on US economic growth and the hurricane effect
it could be short term downtrend as it could be people cash out from this counter and buy oil and gas counter, I believe price will go back above rm4 when approaching the result release date....just my guess
i personally like this counter due to its good fundamental and hopefully it won't disappoint me...lol...anyone knows why this KLSE is in downtrend recently, any particular reason??
just my opinion, i believe the selldown could be due to the strengthening of RM.
nothing to worry about as this is macro-related variable which the company to an extend can only mitigate via hedging.
business fundamentals unchanged and prospect seems bright.
take a longer term view then u will be fine, just enjoy the high dividend payout in the meantime which is fully supported by its strong FCF generation.
Chinvest sorry if i sounded a but confrontational earlier. While it is plausible the price before this was pumped up. I still think it is unlikely due to the high price. Anyway, the only thing to do now is to wait for the price to move again seeing that it is at the bottom of Bollinger band and in oversold condition. With 6% DY this is a safe hold
actually, i don't see any problem up to now, this happens sometimes on certain counters, exp: this happened before on Padini, dropped to 2.4 then up to 5.3 now.....imagine you throw at 2.4....wtf....lol....i average down some, this tactic is only applicable on good fundamental counter
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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....
ongmari
2,003 posts
Posted by ongmari > 2017-11-08 10:19 | Report Abuse
i buy sure must promote....TP 4.25 short term