Its not likely,even if they wanted to,they can't since the Goh family has majority shareholding of about 53% if i'm not mistaken. Thus a hostile takeover will be too difficult and costly.
There's also no indication of a planned acquisition between both parties. I believe this uptick does not reflect the long term prospects of the company, thus should not be taken too seriously. It took TOPGLOVE about 10 years to go from RM0.45 to rm5++. If KAREX were to achieve its goals, it may take this long too. Prices below rm3 makes Karex cheap imo, which makes the price now ridiculously cheap, if you're willing to invest in the long term.
If you're "Investing" for the short term, my experience dictates that long term fundamentals should not get mixed up with short term gains/losses. There is no logic in believing that Karex 5+ years prospects has been decided based on stock market movement/financial results from a single day, week, and even even a year. Stick to your fibonaccis or moving average and whatnot. Short term strategies for short term trades.
it is clear that it is in an uptrend now, Mr.O already moved into this counter and adjusting now for next wave...i am not sure when you bought and how come still holding and did not cut loss previously...by right, you should buy a bit to average your cost at this level to let you exit this counter. Just my personal opinion, it could be wrong but i think those that know TA should know what is happening.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2019-04-10 16:25 | Report Abuse
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