Company performance is not bad and PE of 8+ still consider low. However if the manipulator keep on disposed their shares, we also cannot do anything even other tech counters already rebounded. The shares price keep on dropping like no support line, hope it wont drop back to my purchase price at 1.38.
Due to bad US tech and Malaysian stock performance, not manipulators, the Dufu stock price wobbled this week. But generally speaking, 10% correction in a month is enough, so I expect the stock price is about to rebound soon.
26/06/2017 China blue chips hit 18 month high on MSCI inclusion hope 26/06/2017 Asia stocks edge up early Monday on optimism over global growth, oil rebounds 26/06/2017 18:43 Dollar sags as US yields stay low, rate hike expectations fade 26/06/2017 Isaham fair value RM 1.95 26/06/2017
Tecpower, the article recommendation: strong sell. The best fit line has a slop of 0.0055 % which may suggest that Dufu Technology Corp Berhad market price will keep on failing further. Really?
MARKET BUZZ: Nomura Ups Malaysia 2017 Growth Forecast To 5.3% On Strong Exports By Chong Sin Hao Nikkei Markets KUALA LUMPUR (Jul 3) -- Nomura Securities raises Malaysia's 2017 GDP growth estimate to 5.3% from previous 4.8% forecast and 4.2% last year on strong exports and its spillover effect, which could boost employment and private consumption. "This is the second time we revise the growth target upwards. Now, we have a fairly positive view on Malaysia economy, as certain political issues didn't bring too much of a shock to investors," says Nomura Securities Senior Economist Euben Paracuelles. Ringgit expected to outperform regional currency in 2017; USD/MYR likely at 4.32 and 4.26 by end of 2017 and 2018 respectively. "We assume one more rate hike from Fed by December 2017 and two more by next year," he adds. Nomura expects Malaysia Elections in September or October this year; tips current ruling party to win, with bigger mandate than in 2013. http://asia.nikkei.com/Markets/Nikkei-Markets/MARKET-BUZZ-Nomura-Ups-Malaysia-2017-Growth-Forecast-To-5.3-On-Strong-Exports
Malaysian stocks are likely to surge before Malaysia Elections in September or October.
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Posted by Kok Leong Chan > 2017-06-14 17:12 | Report Abuse
Don't worry...they will buy one....only when drop they sell