Yes...I think so. Early morning already selling down from $0.835 ....not the right time to buy yet. Many cut loss....after buying at the highs of 83 sen. The snow ball effect will come as more sellers will enter the market. Wait for the selling to die down first before buying.
market not is very sentiment, is not suitable to buy a new listed company. we dont have more TA and FA to do refer, it is too danger to investor. if say chinhin listed on last year i may buy , but this year is wrongly,and chinhin say profit will up 20m but all is expect only.
as long as a smart investor will not buy on chinhin, i more prefer on GADANG they doing very big project all in real but not like chinhin all expect only. and coming MRT2 and LRT3 gadang have 80% chance win this project since they doing LRT2 project now.
REMIND: LRT3 will annouce which comopany will get the project in this month. once get, gadang fly like bull.
Here i stop, final decision is your's, i just giving opinion, hope you guys dont simply invest without any research.
Chin Hin no baggage. Not a lethargic stock. No stock operator to con you. Put all your money here. Sure bet. TP 1.00 12 months. Good return. No force selling. No margin call. No people who collect than promote yet.
It's not goreng. Little share float in market. Today those given IPO sell. But company solid. Market leader in many of its sectors. TP 1.00 Trust me. Sure good returns.
you guys actually know what is the IPO price for this share? it is 0.65!!! so why you think 0.78 is the support but not 0.65? The 26% gain on first day is counted from 0.65. My point is, while most people think this share will reach RM1, please do not forget it back go down first before it reach your TP at RM1.
for a newly listed share, you can't use technical analysis to judge it. Fundamental wise, the company is in good future prospect despite being in huge debt. I know they have a few big projects coming soon this year. Once they announce these project, I'm sure their price will shoot above RM1.00.
Overall, this is a genuine company doing real tangible business includes construction materials, cements, real estate, development etc. Currently 75% shares are hold by the family (parents and son) and only 25% are floated in the market. So I believe in long term you will be rewarded either in capital gain or dividend, because the directors simply will not joke with their own shares/money.
Well ..I think it will drop again soon... because of the massive buying at 82.5 sen..mostly by contra players....they will start selling soon. Don't chase until you are pretty sure the selling is complete.
richkid, first you talk about T+4, but when pointed out how foolish your statement are you went quiet. Then now you come with contra statement, tell me which day in the whole year there is no contra player? LOL
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....
wjwong
100 posts
Posted by wjwong > 2016-03-08 09:09 | Report Abuse
lai liao lai liao!!!!!!!!!!!