Goreng stock also needs a good future story line. Look at glove stocks goreng were based on future ASP price hike and demand. Technology stocks flying because of semiconductor boom and electric car outlook.
Same for Velesto outlook for new contracts and higher daily charter rate. This is the *fundamental* or the base for goreng.
Remember this is goreng stock don't fall in love with goreng stock. Especially thus management only can make money during a super good time. Normal days they keep posting lousy results.
aiyoo nothing last forever lorr. everything in this world is full of goreng lorr. mee goreng nasi goreng ... even Elon Musk Tesla and Starlink oso full of goreng ... Just be careful not kena goreng lorr!
The bilis now are `smarter` bilis. They are educated and receiving latest information on stock market.
They don't jump in just based on rumours like "my relative said who who who going to goreng this stock". They jump in are based on information collected from social media, traditional media , sifu sifu and IB.
So the syndicates have to feed bilis with information, painting a good future for the company, asking sifu sifu to push a little bit, IB also playing their role to push.
Shark won't simply push the price without reasonable. There must some future fundamental that drive them to buy. First of all... 1) Daily charter rate increased. Velesto also negotiating with Petronas for higher rate for this year. With increase in daily rate, this will strengthen their financial position in up coming months 2) Oil price at bullish side. Expected 2nd half of the year touch usd 100. Referring to most analysis, shortage of oil reserve is imminent in 2nd half of this year. 3) Shortage of Rigs service. This give Velesto in favourable side. 4) New contract due to announcement any time soon.
Be realistic. No new contract announcement how to break the previous high? Ask the management quickly settle the tenancy agreements and make announcement. One month one announcement is good enough to push the price above 0.40.
The followed by good quarter results announcement in May.
Prefect scenario to push the price back to it`s glory days.
as i said the timing of the annoucement smells fishy,first they announance loss causing a massive sell off by the small investors but the next thing in a week the buying momentum can be seen somebody is mopping up all the shares below 23 cents.now comes all the good news and i believe media announcement soon of secured projects.so dont be blindsided by all the negative sentiment.the counter is bound to pass at least 27 cents but anything more than that is anybodys guess.
25May is next Qr result. Share price dont Need announcement or Good results----Just need someone turning price up and down. It attracts Ikan Bilis. This is called Long Term Up Trend
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....
dhnn81
729 posts
Posted by dhnn81 > 2023-03-06 11:41 | Report Abuse
Break 30 sen end of the week lorr?