Century share price has increased much lately. Now is the phase where consolidation happen, in which the buyer and seller is almost equivalent. Once the seller, which have bought below 90 cent, finished with selling, the share price will increase again.
Just take the dividend first and wait patiently for capital gain.......heavy buying! Good profits! agree with azlan88....,,the share price will increase again....will go beyond a dollar!!!
I once heard that Felda is eyeing Century due to its growing business and regular dividend income. Felda/FGV logistics business is quite huge and can be beneficial if it is injected to Century for shares. Who knows if Century will go for M&A?
MYR has weakened to multi-year low, breached the previous low of RM3.73/US$ and inching towards the pegged level of RM3.80/US$. While this has compounded the subdued sentiment on the local equity market on concerns about the impact on economic data and equity market, there is a silver lining as certain sectors and stocks would benefit from the strong US$ due to their US$-based revenue. In this report, we undertook a thorough review to identify the winners and losers from a strong US$. Impact on sectors
Positive –
Gaming (Neutral) – revenue from US operations; Rubber Prod (Neutral) – most sales in US$ while cost in MYR; Sea Transportation (Underweight) – almost all revenue in US$ while there is a small portion of costs in Ringgit ; and Tech (Overweight) – majority sales in US$, partly offset by raw material cost in US$, outweigh US loan. Negative –
Automotive (Neutral) – higher cost of imported materials & CKD costs; Air Transportation (Overweight) – higher fuel cost; Power (Overweight) – higher coal cost & US$ debt; and Telco (Neutral) – US$ debt. Impact on stocks
Positive –
Evergreen, Eversendai, GenM, Hartalega, Homeritz, Inari, Karex, Kossan, MISC, Oldtown, TdC, Top Glove, Unisem, ViTrox and WCT. Negative –
Given the current subdued overall market, the only bright theme at this juncture that could excite investors would be the play on strong US$ beneficiaries. However, among the 15 stocks under HLIB universe that would benefit, some are countered by other fundamental issues that could hamper price performance. For thematic play on the strong US$, we prefer Evergreen, Eversendai, Homeritz, Inari, Oldtown, TdC and Unisem. These stocks are aided by the right fundamental ingredients that would still support share price performance even if the strong US$ theme play fizzle out. On the other hand, among 12 stocks under HLIB universe that would be negatively impacted, investors with longer term horizon should keep a watchful eye on AirAsia, Axiata and TNB as the current subdued sentiment present opportunity for long-term exposure at more palatable levels.
Source: Hong Leong Investment Bank Research - 9 Jun 2015
in my opinion Century is better than xinhwa because next march xinhwa will not have tax allowance anymore but century will just start their ITA this year and will end around year of assessment 2020.
"The Disposal is therefore completed, with the gain on Disposal amounting to approximately RM9.2 million to be recorded in the financial quarter ending 30 June 2015."
Good for importer, world market oil price down bit petrol at pump prise keep going up..padan muka we all coz still letting those idiotic 47% voters still stupid till today
Short term should be 1.25-1.30..Too undervalued. Look at xin hwa goreng ready. Century lu bila mau..Kenanga faster pump more..Other traders and syndicate also waiting to pump in more.. Bullish signal here is very strong. Will run up for another few weeks.
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....
cospi03
201 posts
Posted by cospi03 > 2015-05-27 20:50 | Report Abuse
Century registered growth in net profit but price still does not move that much. Anybody know why?