I think big fund keep press the price before the result release. Very weird. I think result will be better than last quarter. They all collect at 3.98-4.03 this price range. For abt 1 month. Top 30 shareholder hold abt 96%. Just left 4%. And 2.1% is abv 100 000 shares. Mean that if previously tgey bought at high price that mean minimum rm 500000 ( big investor) wont simply throw. So now 1.9% left in the market. Nw ppl start 割肉and sell. I observe for 2 weeks. Lctitan movement like same pattern wont push high bt got a big volume at selling to gv ppl 割肉。this fund is very big as i noe their share to parking for sell can go to 330k some times 200k unit. 2,3 weeks continuous this pattern. I dun think it will drop more. So the next 2 trading days is very 关键. Lets wait and see.
Since ipo this stock already factor in all negetive sentiment, neglect expansion and market leader potential, any good news in future will spark this share
bimb research with TP rm2.90. we should think whether bimb is buyers' analyst with intention of lowering prices for buyets to buy cheap. why should bimb takes risk in writing down the TP by such a big Margin? one should also be aware of sellers' analyst which writes exceptionally good about a counter.
It didn't able to capitalize on the favourable naptha price last qtr. Last qtr result was disappointing. Personally don't think the coming qtr result will be good as well
how you view projection cash flow in few quarter time?no wonder so many cash...IPO utilization for Integrated Petrochemical Facility only at 4%...expect some spending in new few quarter...trade war remained unsolved...lol
The operating business of this company is extremely hard due to high crude oil and couple with excessive capacity in Asian region as a result of poor economy and imprudent investment expansion by the competitors
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....
88luckybull
396 posts
Posted by 88luckybull > 2019-04-26 16:47 | Report Abuse
pefer lower price....still monitoring.