#Zero Debt...Efficient Management... Business outlook looks bright n sustainable... Should be selling above...12x PE multiple...#0.50...'B'...Need Patience...!!!
Why wait to collect? No sellers Or too many sellers? This counter has no followers / buyers at all, only the syndicates for the boss. I think 90% of the daily volume are all churned by related parties.
Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Just spotted this penny stock gem today after detailed review of it’s profitability and Balance Sheet. With such strong Balance Sheet and IPO price @ 0.53, it is amazing to be able to buy in from 0.34 today. I have started to buy in from 0.34-0.36 to take position, which should reap bumper harvest in due course :-)
Next quarter would not be good result for most of the listed counter as cov-19 is yet to be solved. I don't see any good results in coming quarter excepts for glove makers and export related companies. O&G sector will remain uncertain as Russia is kicking Arab ass, unless Russia open his "backdoor" for Arab to satisfy their origin desire, otherwise oil price is still the main issue in commodity market.
Covid-19 make economy slown down fundamental company will metamorphism and company with high debt will the time to collapse.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
I just entered at 0.34-0.36 (eventhough EMS instead of glove related due to the perceived valuation) early this week & already need to average down at < 0.30 today :-) Luckily, still have plenty of cash fortress for “bargain hunting” based on strategy of 50% Equities : 50% Cash strategy with majority portfolio weightings in Glove sector due to the onset of Covid-19.
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....
shawn88
238 posts
Posted by shawn88 > 2020-02-22 01:02 | Report Abuse
86 million fd ... Wow