Haha...today drop back to 0.395, my buying price. Already register 5 digit paper loss for me ...bleeding... Maybe I shouldn't put all my eggs in one basket. ChinSeng, how u invested in this counter? All in or part of your portfolio
I will break even at 0.445, bought at 0.395 and 0.495. I think just have to go through this drought....unless there is significant drop in its net profit or revenue, otherwise, I think it will recover given its growth potential and management commitment to list them in main board
O&G and property is totally out.. Now we can earn money one is from export companies. Tech / Industrial. Eddy888, now MYR vs RMB is 1.57. in 2013, it was 2. MYR drop faster than RMB, so no worries on china depreciation. Problem is overall sentiment. KLSE drop 20++ cos of O&G (SK Petrol) and those heavy weights. Anyway, KLSE blue chip already over evaluation, now is good correction but whenever this happen, penny stocks or ACE market will kena teruk teruk ChinSEng, usually is last week of August. I am also waiting :) If fall below expectation or its operating cash flow turn negative, I have to bite the bullet and cut loss. Means 3 years of trading earnings all wipe out..haha
Its Net Profit margin is about 13% consistent. And EBITDA is growing from 15mil (2011) to 21 mil (2014). Only problem is its net profit being stagnant, meaning the cost is going up. Cash is not a problem cos it raised 21mil from its listing in 2014. Gearing is 0.345, still nicely below 0.40 although its new plant in gua musang is kicking up. Now, the big problem is its downtrending cash and cash equivalent. Maybe they using it for operations
Cut loss...sold 0.365. Negative sentiment too heavy. Shanghai drop 6% on fear yuen will continue depreciate. Factory output of New York negative 14. KLSE not even touching 1600. Most Analyst predicting to touch 1500-1550. Nonetheless, I lost a lot on this counter. 5 digit loss. revenge is mine. See you at 0.30. I will keep watch on you every day, in and out. najis fault
HH Group not much excitement now. Bonus issue nore more, left with transfer listing. Devaluation of Yuan & slowing down of economy in China will slowly affects the business of HH Group. If Q-o-Q disappointment again, then only worth 30 cents. Too many negative news
A broad measure of Asian stocks fell to its lowest in two years and Wall Street traded lower as the Chinese yuan weakened against the dollar, once again triggering fears that Beijing may be intent on a deeper devaluation of the currency despite the central bank's comment that it sees no reason for a further slide.
Nice rebound...would save me some money if I sell today. Nonetheless, had sold and stand at the sideline at the moment. Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500. Why? 1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds. 2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power. 3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase. 4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight 5. Political instability. 6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.
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....
kakashi
2,943 posts
Posted by kakashi > 2015-08-14 18:07 | Report Abuse
Haha...today drop back to 0.395, my buying price. Already register 5 digit paper loss for me ...bleeding...
Maybe I shouldn't put all my eggs in one basket.
ChinSeng, how u invested in this counter? All in or part of your portfolio