Tomei hit RM0.945 on 17/02/2012. This stock EPS 22.5sen in FY2011 with low PER 3.33. The financial result in Q3 2012 (will be announced in Nov 2012) will be excellent due to Hari Raya Puasa (you may refer to Q3 FY2011) and gold price shooting up recently. Hopefully the share price will shoot up later.
Published: Thursday April 17, 2014 MYT 7:50:00 AM Updated: Thursday April 17, 2014 MYT 8:28:07 AM Bursa fines, reprimands ex-remisier
PETALING JAYA: Bursa Malaysia Securities Bhd has publicly reprimanded and imposed a fine of RM100,000 on former remisier Goh Hong Lim for manipulating the share price of Tomei Consolidated Bhd.
"Bursa places a strong emphasis on the need to maintain a fair and orderly market and will not tolerate any acts or practices which could lead to false trading, manipulative activities and compromising the integrity of the market," said the exchange.
At the time of the breach, Goh was a commissioned dealer’s representative of HwangDBS Investment Bank Bhd at its Taman Tun Dr Ismail, Kuala Lumpur branch.
The exchange has ordered to strike off Goh for his offences.
He had contravened and triggered the provisions of Rules 401.1(3), 404.3(1) and 1302.1(1)(a) & (g) of Bursa’s pre-revamped rules.
Bursa said Goh had engaged in numerous manipulative and false dealing activities over a period of time in several client accounts.
These dealings included activities which involved bidding down, bidding up, front-running and coordinated trading activities which had the effect of creating a misleading appearance of active trading in Tomei.
"Goh had influenced Tomei’s share price by pushing the price down during the period of price fixing for its placement shares," said Bursa.
very good results, annualized EPS using latest 2 quarter results will get 1.40, for 2017 and 2018, gold related stocks will be in the eye if gold price remain uptrend for coming quarters and years.
Yesterday studied 2 stocks in same category, but at this moment only can support this stock due to some reasons, at this current price is still a steal, short term may rise to 0.85, but need to hold at least 1-2 qtr, then only can see more than 1.00 to 1.40 price. Gold price still in uptrend, expect there will be more uptrend in future.
gold price stand strong at 1,285, this may rise towards 1,350 to 1,400 area within this year .... the drive factor may due to US interest rate either coming month or end of this year, but more likely will be in end of this year of coming month on hold ..... when share markets is subdued, gold will be investor choice.
Looking at Tomei price, dont think it will fall below 70 cents, tomorrow may be a good chance to collect more before next drive to above 80 cents. Assume shark still in collection of shares between 70 cents to 80 cents level. TP by this year is 1.20 to 1.40. Just hold and wait.
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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....
dsksupply
9 posts
Posted by dsksupply > 2011-05-17 15:02 | Report Abuse
Mercury, r u sure. this stock nv go up about .80 cents since IPO,