After 14 continuous sliding trades from IPO, if still no strategic decision and action by key stakeholders to buy and support the shares, the prices going to be under selling pressure until no one wishes to further cut loss. No significant rebound is expected as no one dares to increase stakes from now till after 6th September Confidence Vote in Parliament..shaky situation.
With the political situation now stabilised, rapid vaccination drive and achieving herd immunity in Klang Valley as soon as by September, bursa sentiment should improve with more relaxation and opening of business activities. As long as ICU and hospitalization cases are reducing, prospects of recovery will be good.
Among the 19 ACE IPO since 2020, this has been hugely oversold chartwise for past three weeks and now trading at attractive steep discount of 0.54 or 20% of IPO price 0.68! Given the profitable business, it deserves a better valuation...
Have the construction laggards in recent ACE/Main IPO been awaken?
Today saw impressive rebound with sustained strong buying interest pushing the price 4.5 cents or 8.3% to close at 0.585. It is still considered attractive at this price given its IPO price of 0.68, therefore investors still can enjoy a 14% discount. A low PER at 9.21 is certainly a good valuation comparatively.
In line with the soon expected upgrade of Covid Recovery Phases which will ease up restrictions in economy's activities including construction sector, IPO prices of some same sector companies have been hugely battered down due to untimely Covid pandemic, the time has perhaps arrived now to vindicate and justify their fair valuations and allow investors to recoup their losses from the recent IPOs.
The price has normalised now(touched the height of 0.705), although still below IPO price of 0.67. Believed many IPO investors have cashed out this morning, with breakeven, small losses or small profits (at above 0.67).
Next laggard construction counters to watch will be TJSetia and Aneka which still are trading at big discounts from IPO prices (due to Covid) although the company are profitable per QR and professionally managed.
anything below .60 is a bargain, dont miss to collect, 2022 is construction theme after almost 2 years of sluggish outlook due to covid
buy when the price drop below its real value, ipo price 0.68, if you are buying below ipo, its lower than fund and private holder price, nothing to worry
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3148 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
KnifeEdge
82 posts
Posted by KnifeEdge > 2021-08-12 03:56 | Report Abuse
After 14 continuous sliding trades from IPO, if still no strategic decision and action by key stakeholders to buy and support the shares, the prices going to be under selling pressure until no one wishes to further cut loss. No significant rebound is expected as no one dares to increase stakes from now till after 6th September Confidence Vote in Parliament..shaky situation.