As readers would know that ever since I posted my buy recommendation on Carimin, it has shot through the sky like an unstoppable rocket. Many of my followers have asked me what is my target price. Yesterday Carimin shot up 11.5 sen from 60 sen, 19 percent in 1day with 22.3 million shares changed hands. This huge volume shows that many well-informed institutional investors are buying so aggressively. Many of my followers asked me what is my target price. Just based on its 1 quarter eps 5 sen X 4 q equal 20 sen. Conservatively my target price is Rm 2, selling at PE 10. I can imagine those smart investors can easily foresee that it can easily earn 20 sen per year. By the end of February when it's 2nd quarter profit is announced, investors can easily foresee its future and chase to buy up to 3 which is my immediate target price. I am obliged to inform you that Carimin is my major investment and I do not need you to buy to support the price because there are many institutional buyers. That is why the daily volume exceed 20 million shares and the price continues to move higher and higher.
Did some quick study. My view can be wrong. The company recent good results is just one off thing on reversal of impairment of 87mil, if excluding that, the stock is trading at fair price only. High debt,little cash although cash flow generation seems.healthy Only point is major shareholders hold a lot,easy to play pump
No problem. The price near multiyears low. I can see its intention thru TA and stock behavior analysis. Just like I can see Orion will start its engine coming Tuesday.
Although I can accurately predict other companies earning n price movement, I must admit that this company earning and price movement is difficult to predict due to its business nature. But whole year should be OK.
Why I look here look there Orion very similar to 1 stock king I in 2014:
1. No of share: both also about 600m 2. Start to goreng from 0.105 3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government. 4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019. 5. Both also start from weak results. "I" only 421k. Orion 1m. 6. The same analyst, Cimb analyst covered both
One famous anei behind the rise of "I". I believe he is also behind Orion...Guess who...
This year's , many corporate sectors facing financial losses and distressed . Must be very careful and you don't have the chance to run with the sudden drop .
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....
Mytrd
617 posts
Posted by Mytrd > 2019-01-30 11:41 | Report Abuse
curry mee sup spicy need drink sup itik ..:)