Careful with this stock.so far no news and its still dropping.means bad QR,thats why big shark EPF also dump.better play other potential stock stay away from this 1.play at own risk
If you are willing to hold for 1 or 2 years. don't worry. If you are trading for very short time, better stay away until uptrend is clearer. 1.00 is very important level, need to break this first, at least it tried to break this morning.
Depeche, if I want to buy a lot of mother shares, logic tell me must sapu the son first., profit from the son can be used to lower my cost of the mother shares...This is always happening in share market. Hope we are right to stay on this boat...
My heart tells me to go in if it breaks RM1, but my brain tells me don't bother. 17/05/2019 8:03 AM --------------------------------------------------------------------------------
Sharefisher...i bought more son than mother too...your theory of making more profit from son is valid...i had experienced that with Ekovest recently. Do u feel more confident after reading their previous QR? We can only be right if the management is honest...he said 2019 should be good barring any unforeseen circumstances...the order book also look very good...plus whatever they will bid successfully in ECRL and other future projects..good luck.
aiyorrr every time EPF disposes means got problem or they running meh? Lol
So going by your concept, EPF bought about 100k and 50k shares (as of notice @ 3rd and 8th May) previously means something is brewing? @_@
Sure enough you can argue the total sold shares is X10 bought shares but mere 2.2m shares enough to say EPF running meh aduhh. Holding 128.5m and just run 2.2m so well done lah this EPF hor?
Depeche, I don't expect 1Q19 QR to be excellent, but slightly above market expectation is still possible. Currently, trade war and foreign fund selling are pulling down market sentiment. My strategy is buy when people panic selling and hold until year end. By then hopefully, trade war and foreign fund selling are settled, with new contracts start to roll out, the price will move up.
I checked epf transactions, they being buying when price was 0.6 to 0.8, it is reasonable to take profit. They also need to pay dividend to their contributors.
Actually, wct price is still very low as shown in to the chart. Easily still lower than ten years ago. They are not losing money company. That is why wct is my top choice of construction counters.
For a start..QR1 should be better than q4'18...given last quarter performed so badly...billing from those contracts secured in later part of '18 should start rolling in...this stock should be 2.xx by year end...let's see.
I don't know about FY18Q4 but I saw the report says got 2b+ projects secured. So there should be cashflow and that's the reason I dare to buy their warrant hahaha
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Sharefisher
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Posted by Sharefisher > 2019-05-16 22:35 | Report Abuse
Until 10/5/19, epf still have 128. 5 million share after more than 2 million share sold. Check bursa company announcement.