listen to simon333 is like committing suicide. Whenever he say sell, means he no longer hold the share. Whenever he say buy means he is holding share.Hahaa
OK Simon333 it's one thing to be pessimistic and it's another to translate Chinese sayings in English - it doesn't work and sounds like garbage. PLUS this is not a "CHATROOM" where you type Enter, type Enter. Give space for some other sensible comments to fill the section. If you have nothing useful to say, don't say it and "take the hint" when no one replies after your 369th comment.
Anyway say what you will, a wise man once told me if you're "playing" short-term/contra stocks, you're gambling. If you're buying stocks long term, you're investing.
So as far as I'm concerned, this stock has one of the lowest P/Es around for an established player. Lawsuit or not it's shown that the impact is not as bad as the sentiment it's creating atm. 6-8% dividends at current price beats EPF so not much reason to complain. If you have cash when price is lower keep accumulating lor. Cheers and happy investing.
Century Logistics Holdings Bhd forms bullish "Hammer" chart pattern Feb 02, 2016
Recognia has detected a "Hammer" chart pattern formed on Century Logistics Holdings Bhd (CENTURY:MYX). This bullish signal indicates that the stock price may rise from the close of 0.80.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.
Better be careful. Nestle is suing Century for a big sum of money. If Nestle wins Century shares might be impacted. Calvin invites you to the Rock Solid Safety of PM CORP
calvin. the share price already drop alot with this nestle news previously. So, it potential to drop is less than moving upward. With it high dividend, i believe it can go to hit Rm1 above.
The Felda group was in talks to acquire a significant stake in Century Logistics, possibly from its largest shareholder, Datuk Richard Phua, who has a 26.4% stake in the company.
A FGV spokesperson said the company was currently evaluating several proposals from other logistics companies in its efforts to enhance and unlock the full potential of its logistics value chain.
It had been known that Century had been seeking for new and ambitious major shareholder to bring Century to another level. Datuk Richard Phua who control 26.4% of shares in Century had earlier courted by Felda, however, the deal did not materialized.
According to familiar sources, Century had been approached by established logistic player from China, Korea and Japan who are looking to see a working tie up with Century in order to see better synergy in logistic operation. Century involvement in 3rd party logistic, where the company handles everything from the procurement of raw materials to port and customs clearance, international freight forwarding, inventory management and distribution is the key interest for the foreign logistic company to forge a better working efficiency.
Rumor are looking at biggest Korean logistic company - Pantos Logistic, having great interest in Century. Currently, Pantos Logistic (M) Sdn Bhd is situated in Klang, which had good proximity to Century warehouses. Pantos Logistic had been expanding fast over the year, and it's committed to reach 200 offices (currently approx 180) by 2020.
Century will be an interesting company to be invested in based on - Emergence of new shareholder with possible entry price of RM 1.20 - Strong management team in driving the company direction in changing landscape of business - Century strong dividend policy for the past 5 years - Investment of Multi-tier warehouse in 2017 to provide steadier recurring revenue - Growing procurement logistic driven by high input from electronic and electrical industry - Legal counsel positive on striking out legal suit from Nestle
Not many non GLC (or non blue chip) with stable dividend policy with good yield. It is trading at low PE + grow potential with the new warehouse expansion (without cash call or borrowings). The only setback is the Nestle legal suit which add to the depressed share price. Once the legal suit clear (be it +ve or -ve), share price will reflect its fundamental, as we all know that the suit will be one off event.
Century has widely researched in this forum or broking house (like Kenanga). Further, Lim Pei Thiam and Freddy Lim (and / or Cold eye) has more than enough weightage on this counter. Technically, it has consolidated and rebounded from 80sen level, and just break out with sustain volumn. Experience traders will know what to do
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....
valueinvestor000
40 posts
Posted by valueinvestor000 > 2016-01-26 22:12 | Report Abuse
listen to simon333 is like committing suicide. Whenever he say sell, means he no longer hold the share. Whenever he say buy means he is holding share.Hahaa