I like the stock too. Yah, it is well above its IPO price so it is not surprising that there is a lot of profit taking. However, it does business in the F&B sector where most players have high PEs and good growth.. In the longer term i think it is still attractive. Hope share price stabilizes and then starts to recover soon.
But a few day ago y low and high still on 0.27-0.285 , when can up back like 1st day , all bought higher price one bought cut must dead. INSTACO better than this unless it maintain the price not like KTC.
company started 1938. well established in Sabah & Sarawak. distributor of FMCG. same like Luen Heng in Peninsular. Nonetheless, cash rich but very conservative run. What levels ? only time will tells. Happy trading
Stabilized yesterday and started to rise today. Looks good for coming days. Well above IPO price but business related to F&B sector so high PER may be justified. Also it is a penny stock, rise a few sen is a big percentage already (fall a few sen also a big percentage down though). Hehe
distribution win what contract oh?.. the most to distribute certain type of goods around only... plus from 1938 to 2015.. the business did not expand very significantly.. my 2 cent only
don't worry . you are not the only one who doesnt like KFC. the main critiera is not whether i like the counter but whether the counter can make money. happy trading
Price holding up well despite T+4 selling from those who bought during the few days after IPO for a quick trade. Good sign. Hope price will slowly climb up soon.
Dow Jones down sharply overnight. So market sentiment might be affected this morning. However, unless the market is very bad, these small caps tend to have a life of their own, so hope for the best!
If take KTC Q1 2016 EPS 0.67 sen and annualized it we get EPS 2.68 sen per annum. If take avg PE for Ace counters say 15 KTC TP should be 40sen. If take PE for Ace hot counters like XOX, Instaco, etc KTC TP even higher.
Yah sounds correct at 38 - 40 sen. But maybe have to wait for next results as market want to be convinced about earnings growth. Penny stock also so can easily overshoot on the upside if got positive news.
Not every counter move up and jump down (eg. XOX) maybe a slow starter (KTC). only listed on 25th November ( less than 2 weeks ) after 2 weeks then see how it perform
No matter how good how good...money locked in investment is nothing but unrealized gain...paper gain...a lot will just sell it to enjoy christmas...so price must drop...as IPO already 100% profit...can sell 25% - 50% profit to enjoy...so should drop to 23 sen or 25 sen. After Christmas should go back up again.
Sell lah...take profit...100% IPO...sure untung....now already going lower and lower as people needed cash to celebrate Christmas...27.5 sen support already broken.
CIMB small cap investment fund become major share holder !!! big deep pocket is awaiting you to throw to them !!! I will rather join them to buy this stock instead of sell it... this company is expanding as it was bought in new ware house... new bread plant production was kick start and new product branding is on the way of making !!! good opp to collect !!!
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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....
AngMoh_macho
2 posts
Posted by AngMoh_macho > 2015-11-30 00:36 | Report Abuse
Small fish, big fish.. This counter is overrrated