This is not retailers panic selling. The Swiss Bank is most likely exiting Ysp like no tomorrow. There are more than 3 million shares to go. At this pace of selling, target to collect at 2.2++
share price sharp dropping 50 cents within 7 trading days (2/5~10/5). Around 4.5m share trading. Assume 6m share for dispose then Monday should be last round??
The funds have been liquidating their position in a very systematic way throughout the past 8 days. 5.5 million of shares were exchanged in hands for the past 8 days....It's quite close to 6.5 million. It seems selling pressure going to end soon.
With the current price, Yspsah is traded at PER 10.6x or the lowest within the pharmaceutical sector. Director exercised 458k ESOS at price 2.55 in Apr 2019. Expect price to rebound after experiencing massive disposal recently.
Hope Yspsah dropped by Holland at this point before heading England. Anything can happen whether good or bad. As usual, investing is full of uncertainty. lol.
We may get the answer after AGM at the end of the month. Don't know who is right or wrong at this time. Market is full of uncertainty due to trade war looming in full swing. Confident is back when prices rebound and heavy selling pressure has turned into history. Product recalls, and regulatory risks are the major risks to the company.
Comparison in PER Ahealth 17.3x Biohldg 15.1x Caring 19.8x Dpharma 18x Kotra 12.3x Pharma 14.1x
Who got so many shares to sell besides the major shareholder?
AR 2018 shareholders - 6.582 million - SKanDinavisKa ensKilDa banKen ab (ucits v sweDish) - 3.776 million - EPF - 2.381 million - Amal Pintas - 2.275 million - Tan Kong Han - 2.076 million - Public Small Cap
No major shareholder held more than 5% other than YSP International and Lee he himself. They have to make announcement for intention to deal with securities first if they intend to do it since announcement of QR is just within 2 weeks.
It won’t be long. We will know it in next 2 days. Current share price 2.32 is traded cum dividend 8.5 cents so ex dividend price about 2.24. Not bad la.
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....
Up_down
4,346 posts
Posted by Up_down > 2019-05-10 09:40 | Report Abuse
This is not retailers panic selling. The Swiss Bank is most likely exiting Ysp like no tomorrow. There are more than 3 million shares to go. At this pace of selling, target to collect at 2.2++