Judging from the projects at hand ie orderbook, it's current price is undervalued. To get clear picture, look at the Edge a few days back on this stock.
Matrix is selling its first-ever KL development. Saw the booth at Intermark Mall. Go check. This will mark its entry in KL. I spoke to one of the sales staff. Apparently they are aiming for blue-chip status on the stockmart.
"A blue-chip stock is the stock of a blue-chip company. If a stock is considered blue-chip, it is generally the market leader or one of the top performers in its sector.The market capitalization of a blue-chip company is usually in the billions of dollars. Typically, a blue-chip stock is a component of major stock market averages and indexes, such as the S&P 500 index in the United States. It can also be listed on other major indexes throughout the world.
Historically, blue-chip companies post steady earnings results. Blue-chip companies are generally considered to be safe investments because of their ability to generate profits even during an economic downturn. A blue chip is known to have a very stable growth rate, so it is considered to have less volatility than other companies that are not well-established. Generally, a blue-chip stock follows an index closely. For example, Apple was given blue-chip status in 2015, and it follows the S&P 500 and Nasdaq 100.
During recessionary periods, a blue-chip company is impervious to adverse economic conditions. For example, Coca Cola, a blue-chip company, may not suffer from a recession because it is a household name and many opt to drink its products, no matter what economic conditions are like."
matrix is more of a diversified business. first making money in property then slowly diversified into other sectors. they are very smart and im a fan of their business model
Look at EPF, just sapu another 2M. Confident with mgmt. team, cos they always honor their words, no pusing2 like JibGor. If it is on uptrend, some just enjoy the fun of hopping onto the bandwagon.
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....
RainT
8,448 posts
Posted by RainT > 2018-08-27 23:18 | Report Abuse
share price can move ?or still stuck ?
lets see