those who are losing much here will buy back soon to dilute their shares+new dividend policy+nice quarter report=at least can hold at current price although GE is coming.
when you see the volume, selling and buying are relatively small... It means people are desperate for money and just sell their shares to get their cash.. The company has its value, nothing to worry about. So, if you are not hurry in money, just be patient, 5205 will come back.
Yes, you are right. But if you change your investing term to 3 or 5 years; holding it for one year is ok. You can also see the company has made more efforts, for example the dividend policy from 1sen in 2011 to 4sen in 2012. And even if you quit now, you lost around 30%. Why not holding tight to it for one more year and see what's going to happen? India and middle east development are quite stable and fast compared to other regions.
I'm in favor of montagne's posts. This is like a cheap but outstanding company. An excellent one for "intelligent" investors. I'd already made three purchases, planning to get it some more. But yea, where do you guys see the trough? 1.00?
it still has RM1.6b order book on hand, which provide 2 years earning visibility of the company, but investor still not interested..while those losing money company is getting higher and higher :S
Maybank IB - We think the stock has been unjustifiably bashed down (-35% since its IPO in 2011), as fundamentals are solid and forward PER of 6.6x is low. Maintain forecasts, BUY rating and TP of MYR1.53 (8x FY13 PER).
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....
chengyee
670 posts
Posted by chengyee > 2013-02-06 11:22 | Report Abuse
Any chance to go over 1.4?