free fall?? who say so ? this is totally a potential company... hold it and wait for first quarter 2016.. for those who use IPO as standard, so sad for u..
KTC is eyeing an upgrade to the Main Market within two years. Lau said this is because the company has already fulfilled the Main Market’s listing requirements, as its business has grown tremendously when it was preparing for the IPO.
“We will then own a distribution centre in Brunei. This will bring the number of distribution centres to 19. We will be making the announcement in the first quarter of 2016,” he said.
KTC is one of the largest consumer packaged goods distributors in Sabah and Sarawak now, with 6,419 sale and distribution points covering over 84 districts, and 18 distribution warehouses and centres. It mainly distributes third-party brand products like those by Gillette, Dynamo, Coca-Cola, Kimberly-Clark, Revlon and Shiseido.
When it break 30 sen, already a sell signal. Sell first and buy back later to be safer. Cut your losses short. Those bought 34.5 sen kena ...waiting to unload... T+3.
1st 2 days trading volume fetch 266 million shares vs total IPO shares offered 142 million shares. Meaning those want to cash out their IPO gain finished selling?
Read weekly Edge major shareholder owning over 70% KTC. He must be very confident in KTC long term outlook likewise high IPO oversubscription 45 times show.
this cina pek counter definitely will down below 0.20 n no future dividend coz expand bznes will stuck at least 2years then mayb 0.30 again change to mainboard.hopeless counter better avoid.
Ktc has been growing so fast, every year earnings 30-40pc growth, hard to find a stock like this, will probably hit 11m for the year, then pe just 14, then 2017 maybe 14m, pe just ten
IPO, good up. The Sabah and Sarawak theme really a making dream for everyone. I have thorough study on this company and background, here is my personal comment. Don't take it as reference.
This is good counter to buy and keep but at current price, this is overpriced. With my own calculation including the potential growth, this counter worth 0.20 the most. One consideration point. Almost majority of company will boost their revenue and profit during listing, this company is part of them. I will buy, only if 0.20. Else buy and paper loss also useless. Of course it will up but when? Again, take own risk. I just tell my personal thoughts only. I rather use the money to buy others which I already seen growth confirmation and continue to making money for sure. And monitor the next 2 quarters before I made decision to buy or not to buy.
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....
Wealth888
7 posts
Posted by Wealth888 > 2015-11-26 23:04 | Report Abuse
Collect more, hold and only sell when it reach 0.70 !!!