Already bought at 0.37. If transaction remains low, will close at 0.36 today as the selling pressure has brought through 0.365. Selling pressure is still coming in at 0.365.
After study a bit more details, the profit B4 tax ending 31/12/2015 was 124 million, 47.899 million Net profit that gives PE ratio of 16.25 based on current price of RM0.365. Based on last 3 quarters, the cu net profit is 18.7 million. If can match last year result, the last quarter must give the net profit of 29.2 million. That is very unlikely. That is the reason why the share price does not move up. If I have spent a little more time analyzing it, I should have bought the share. I may consider selling it now.
But still it does not means this stock cannot be goreng.. General Lee need to pull in fresh blood to be slaugther pigs so he will definately goreng up some to lure them in.
Unless General Lee can come out with more than RM29.2 net profit for last quarter 2016 to make it PE ratio of 16.25. Otherwise no reason to goreng. May be he can come out with projected profit of few hundred million annual net profit for 2017. Possible?
Callme, if no money then he use other ways.. there is always more then one way to skin a cat. Like first spread news that this stock will be goreng to many many dato / tan sri. Then goreng up abit and hope market to follow the flow and help him push more.
No news. Closing at 35.5 is already bad news. later on with news worse still. Contra players buying 36-37.5 on 22/2 & 23/2 will be due on next Tuesday & Wednesday. Better pray hard for better news.
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....
AzerothJr
649 posts
Posted by AzerothJr > 2017-02-24 10:10 | Report Abuse
Aiyoh scare then run first lor, since you still not stucked yet. I had read elsewhere KNM reporting is stated to be end of the day.