agreed with hansolo. Good he reveal the negative side, and not blindly follow what kenanga wrote.
but i think this perak-transit can become besi-karat-transit later... only worth 10 cents. So many shares issues out and par value only 10 cents. The major shareholder share is only 10 cents but you all buy 20 cents. Overconfident is always a dangerous thing.
kenanga report cannot be trusted. All the analyst just sit on the desk and write report. Never go down the field or visit perak and survey, and never perform a demography study on perak public transport.The report very amatuer and raw type. Those who trust their target price faster sell on monday to avoid heavy losses later.
normally investment bank who handle this ipo will work with the promoter to jack-up the major shareholding price. If they set the par value is 10 cent, then this stock maybe actually worth 5 cents for their equity on the 1.3 billion shares .... the current price of 20 cents is 4 times more than their equity. The major shareholder still make a lot of money if the share price is 5 cents. They have nothing to lose. Only you all will pokai if drop to 5 cents. So why buy high ? Is there really good future for ptransit ?
Par value= wallet Market price= Cash You prefer LV bag with empty inside or plastic bag with bricks of money? both have no direct relationship, hence market price is much more important.
Price already stabilise...wont affect much on T+3..UNLESS PRICE HAS SHOOT UP .....2 Days down & not really much pressure. Expect price to rise when selling stop
i think today will close at 0.75 tomorrow you can buy it at ipo price 0.50. Tomorrow Hurricane Matthew will hit this counter. Better stay inside for safety.
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steveooikp
4,689 posts
Posted by steveooikp > 2016-10-08 17:10 | Report Abuse
agreed with hansolo. Good he reveal the negative side, and not blindly follow what kenanga wrote.
but i think this perak-transit can become besi-karat-transit later... only worth 10 cents. So many shares issues out and par value only 10 cents.
The major shareholder share is only 10 cents but you all buy 20 cents.
Overconfident is always a dangerous thing.