The market maker is doing a perfect manipulation. Scare everyone to sell at low so they can buy to sell at a high. Just have patience. They know how to manipulate. They do it to every stock at some point. This is their way to scalp the stock to make profit.
hahahhaha,the more it drop, the higher the force.If u study physics u know what is the meaning of recoil force. If no study physics, then you also understand FOREPLAY to generate powerful PEW PEW PEW! hahahahahahahahaa. PATIENT!
I have posted this before: http://www.stockmarketfunding.com/ This is the truth about market maker manipulation. Gadang is a very strong company with a GREAT structure and is in the right place making the right moves. Patience.
if so scare put ur money in FD better. 3% return hehee. Kanneh financial report also havent come out balls start shaking meh. High profit =high risk . No balls of steel and Big heart = FD. True and hurt.
guys, forget about gadang, only another 20% upside the most
LOok at this SAB
Following-up on our previous note dated on 22 Jan 2014, we revise Southern Acids (SAB) fair value from RM7.77 to RM9.20 after adjusting our previous valuation of RM20 psf to RM27 psf (inclusive of land conversion cost) on SAB‟s 644.49 acres in Kota Kemuning, Shah Alam, which is now worth at least RM758m, larger than the company‟s current market capitalization of RM572m. Our new valuation is based on the latest transacted price by Eco World Development which had recently purchased 308.72 acres of land in the vicinity for RM470.6m or RM35 psf. Given its strategic accessibility and freehold land status, we find that SAB should deserve a higher value.
An established name in oleochemical industry... SAB remains primarily an oleochemical player with roots in Klang tracing back to the late 1970s. With an annual capacity of 100,000mt, its trading partners for its palm-based fatty acids and glycerine products are mainly from US, EU, Japan, China, Korea, Middle East and India. The company, which was listed on the Main Market in 1991, eventually diversified into oil palm plantation (8,483ha), healthcare (Sri Kota Specialist Medical Centre in Klang with 232 beds) and dry bulk warehousing and export loading services (capacity: 40,000mt at North Port, Klang). The founders, under a consortium, currently own about 48% followed by Lembaga Tabung Haji, 13%. Plantations dominate the company‟s bottomline, making up 56% followed by oleochemicals 40% while healthcare and warehousing & conveying services contribute the remainder. Interestingly, the company also holds about 4.6% equity in Main Market-listed Paramount Corporation, valued at RM26.2m, based on current market capitalization.
… but has a hidden gem waiting to be unearthed. SAB owns a 644.49-acre freehold plantation estate in Kota Kemuning which currently sits on the balance sheet at RM5 psf. The landbank, which is easily accessible via the Shah Alam-Kemuning Highway and North South Expressway, is adjacent to the RM11bn Bandar Rimbayu project which was launched by IJM Land in 2012. However, management recently indicated that there are no plans to develop the said land in the next 1-2 years, which we estimate could reach up to about RM10bn in GDV if it were to do so.
Solid balance sheet and steady earnings performance. SAB has reported steady earnings growth for the last three years on the back of improved plantation sales contribution while the oleochemicals business remain steady. Besides that, the company‟s balance sheet and operating cash flow are healthy. Its current cash position stands at RM148m with zero borrowings. For the 9mFY14 financial results, the company‟s cumulative core net profit of RM30.4m already accounted for 83% of the Group‟s earnings in FY13. We expect a minimum DPS of 6sen to be announced during the 4QFY14 results next month.
lol yes today between 5-7pm. if dont buy now and miss the boat, dont come back spead rumors saying correction la this and that to buy at lower price.TRUE STORY. PEW PEW PEW!
nicky stay firm ... no need to worry if you do not see the share disposal from shareholders ... i don't find it reasonable if the shareholders started to acquire the shares right before the disclosure of quarter report if the report is really bad ... common sense ... come on !!!
Posted by Optimus1 > Apr 23, 2014 05:56 PM | Report Abuse X
looks like toppish already. those who bot on Pre-agm excitement now taking profit. sell into news is at work. volume not right... beware, it may retest 1.80 again.
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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....
nicky
3,364 posts
Posted by nicky > 2014-04-24 11:12 | Report Abuse
Usually q buyer greater than seller yet the counter slowly going down.. is not a good sign ...............