How people not piss, results that good but cannot move price a bit, contrary head down. Warrant got one year time to expire, but don't forget trade war is unpredictable, if market crash, then warrant holder is like sitting on a nuclear boom because this war maybe last more then one year. Even mother also cannot move at that time, who want to hold by just received 6percent dividend but price drop more than that.
If consider the drop percentage of mother share, dividend maybe just 4or 5 percentage only, how about those buy the price rm2 above, I think we have to wait for results more than 100percent only can move lah.
TM is really drop to rock bottom due to general election and new government policy also it is supported by big fund so for it to rebound as now is not a problem
AIRPORT also is support by big fund, government fund, so will not let it continue to drop Drop until a certain point, it will rebound one
Before result PE is 7.5 or 8, after results, PE drop pulak, what is this logic? Rain, when market crash, even this company is earning big, nobody will buy from u . All the share will drop and consolidated. This share even market is good also cannot move, let alone when market is bad.
base on technical, 1.90 is a strong support, base on 3 years technical analysis, once touch around 1.90 the price will rebound back to above 1.90...for middle and long term player I would say any price below 1.90 is good to collect.. next supporting price is 1.80.. but bear in mind this counter is not a very hot and active counter, you may need to have patient to keep... 2.00 is a very strong resistant.. try to break few times but failed.. fundamental this counter is quite strong.. I believe it will go back about RM2.00 in future..
If EPF not buying this share, I think price now maybe rm1.50, this so call fundamental strong share, other properties share mostly is PE greater than 7 some even got 10 above, but look at this one..... shit.
oil and gas the business nature is so different from property oil and gas price is determine by supply and demand and once have any event happen, the oil price will up or down very fast very fast direct reflected in the oil price example Arab have bomb on oil plant, next day oil price will go up or new sanction on oil country, oil price will go up the next day
for property le is total different story lo to build a property will take few years to sell a property and to buy a property is will take big part of individual income already over supply of property now is not so easy to absorb
Normally is compare qoq on yearly basis, like apple to apple, how can u compare with previous quater? Every quarter got different festival or event so how yo compare? By the way thanks beyonddream.
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....
BluffIsFree
66 posts
Posted by BluffIsFree > 2019-06-21 18:20 | Report Abuse
Huge volume down last minutes