Total asset, as at 30JUNE2018, KEN got RM381M whereas IDEAL got RM781M. IDEAL got RM22M fixed deposit, a lot of receiveables, RM34M cash & bank balances. Ken got RM22.7M cash & equivalents. Not sure what it means by "equivalents",
Most important is Ideal properties are mostly in Penang Island which is the richest state of Malaysia. Most of the semicon staff are mid-high income group, they are much more qualified and strong income to purchase more houses for own stay for for 2nd/3rd houses for investment. Ideal next few QR would be stronger and stronger. TP RM2 lastest by end of 2018. NExt yr RM3 2019.
Yeah penang Island lots of demand for Apartment including foreigner, Ideal is a safe bet . Dont get stuck in Ken, very suspicious with high profit margin not sure correct or not.
Ok, although it's really hard to ignore and not call out the sheer stupidity that @spygame007 has been spouting on this thread, @xianchua is right - just ignore them. If you engage with idiots, they will drag you down to their level and beat you with experience.
That being said, I stress on what I had said last week. I do think there is very clear support at RM1.60. There was a 100k buy order filled at that price last Friday at 16:50:02. Another 140K shares were bought a few minutes prior between 16:36 and 16:37. That's almost 60% of the entire daily volume traded at a single price and when selling pressure was at it's highest. For a stock that's quite illiquid, these kind of orders are rare and is what some of us here would refer to as "sharks accumulating".
Same thing happened last Monday at 15:33 when 280K shares were bought in just 1 minute. It seems to me that whoever is accumulating knows very well that ordinary retailers will sell when there is a lack of action so instead of buying early during the day when there is at least some buying pressure from retailers and the price tends to rise, they choose to wait until the end of the day and just mop up all the excess supply in the sell queue.
Very clever I think and I just wanted to point that out. Ultimately, stocks move because of the moves made by the big sharks or funds with a lot of capital that can afford to drive the price up, not the ordinary retailers like you and I. So it always helps to notice the movements of these big players and judging by what I see, we now know for sure that somebody or a few parties are aggressively accumulating at lower levels. And they're happy to buy from the ordinary retailers who are impatient to hold so just be careful.
Yeah, there is really nothing to worry about with this counter. You will not find a single other company on Bursa with the same kind of fundamentals and shareholding backing. Just hold and you will be rewarded. Trust me on this and I said the exact same thing many times 2-3 months ago after the QR1 release.
And if you're still in doubt, just remember that before the QR2 release, the stock actually declined from RM1.40 to RM1.30 for more than a month. Nobody was buying it and it's not because there was something wrong with the company - people just didn't know a lot about it and even now, it will take some time to gain traction.
Only iqapex has covered it. And they're just a small-time fund anyways. No other fund or investment bank has initiated coverage but when they do (and its usually only after their associates have accumulated a position in the company), you'll see the action in full swing.
Strong finish to close at 1.63. Should open with a gap up tomorrow just like today. Increasing price + volume over the past 2 days as well - all good signs!
Hopefully it'll be back above 1.70 by the end of the week.
Btw, did anyone see the sneaky 20K sell order placed at 4.45pm at RM1.61 which was deleted a few seconds before the market reopened? Lol even those who want to depress the share price have no balls to sell at such a low price haha
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apolloang
18,163 posts
Posted by apolloang > 2018-09-05 12:07 | Report Abuse
1 ideal can buy 2 ken.....cheap and good.ken every year also got dividend,ideal apa pun tak ada