even if EPF ends up with less than 5% they can always buy back the next day so whether or not they are a substantial owner at any one time does not matter at all. this is a good fundamental stock to keep for a long time.
when the market down, it's going down. when the market up and yet it's still going down. fundamentally strong but epf keeps dumping the stock. pressing the price down. *sigh*
Epf sudah manyak untung maa....they can push the price down with the balance of UOADEV they have...im also bit confuse how low this UOADEV can go... 1. RM1.72 2. 25% DISCOUNT TO ITS NAV 3. 52WEEKS LOW
Remember that EPF sells and buys continuously to re-allocate thier fund. Uusally there will be others picking up when they dump but this time around market sentiment is weak, and volume low. And this being a low-profile company not many people notice and would buy it.
1.80 looks to be a very strong support. Not enough interest and volume to push it past 2.00. But UOADev is popular with traders - when these fellows start being interested again, I would want to have a position.
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....
hng33
20,465 posts
Posted by hng33 > 2014-01-16 10:13 | Report Abuse
EPF stake now left 5.4%....another 0.4% to go if EPF still like to retain its major shareholder status by maintain at least 5%.