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KLSE (MYR): PTRB (0260)

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Last Price

0.425

Today's Change

-0.01 (2.30%)

Day's Change

0.415 - 0.435

Trading Volume

1,095,800


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885 comment(s). Last comment by stoneage 18 hours ago

Mikecyc

40,499 posts

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Back to the 44 sen ke … then ????

i3lurker

12,321 posts

Posted by i3lurker > 4 weeks ago | Report Abuse

Warren Buffett and Charlie Munger says avoid MikeCheatYouCrazy

The two billionaires also weighed in on how to chase success—and an important part of it is keeping away from “toxic” people.

“The great lesson of life is get them the hell out of your life—and do it fast,” Munger said of people who are a bad influence.

Mikecyc

40,499 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Koni3lurkker Promoted a Stock in Insaf …. After it is down , he deleted the Price post and twisting did not Promote … then said is just chitchat with konartist sslleee … hahaha

Mikecyc

40,499 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha ptrb pun lembik ke ????

trader808

171 posts

Posted by trader808 > 3 weeks ago | Report Abuse

1. In Mar 2023, PTRB had a massive fall from an intra day high of 68.5 sen to 46.5 sen. As what we have expected, since than the counter has consolidated and traded in a range between 51 sen and 45 sen.

2. On Apr 14th, the 9 day and 26 day moving average lines intercepted. And sadly a huge attempt by the bulls to cross over the 26 day moving average line ended up in futility. With that unsuccessful phenomenon, the upwards momentum has ceased.

3.The daily trading price began to weaken and the gap between the 9day and 26day moving average lines has alarmingly widened.

4. In the last 5 days of trading, prices had been falling faster and decisively broken below both the 9 and 26 day MA.
5. According to the candlesticks chart and its various indicators, this is a bearish signal, strong and clear indication that going forward price will continue to weaken preceding a greater fall.

6. With RSI at 41 level ,the bears are active. Further havoc could bring it down to 25
points level in which case the price would move further south and be unthinkable.

7. At 46 sen the counter is trading at 10.4x price earning and at the bottom price between the range with diminishing daily volume. The lackluster transaction and declining volume indicate that the key player is gone.

8. In the absence of any positive corporate news, business and project announcement, market is anxiously awaiting the forthcoming quarter result announcement. A less than favorable result and a missed quarter in earning would further deteriorate the share price.
9. Stock market and share price move in advance of economic fundamental, corporate news and earnings announcement.
10 The current weakness and falling prices could be a precursor for greater calamity and distress in the coming days.
11. Let,s be forewarned.

Happy trading
14/5/23

cytew

1,405 posts

Posted by cytew > 3 weeks ago | Report Abuse

your prediction has not came through previously, current prediction could possibly be the same

sasword

1,057 posts

Posted by sasword > 3 weeks ago | Report Abuse

Pancit again

Mikecyc

40,499 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha manyat lembik loh … Insider ( Director ) sold shares at 44 sen just after 3 days Listed is an indication loh ….

stockraider

30,826 posts

Posted by stockraider > 3 weeks ago | Report Abuse

Just collect loh!
Anything below 45 sen, worth mah!

Mikecyc

40,499 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

1st Lies :

Stock: [INSAS]: INSAS BHD
3 hours ago | Report Abuse


Haha wow Konartist sslleee is an Attention Seeker ke .., approached me 1st in Netx on 2020 telling Lies replied my post which directed to Kon stockraider to bail out Kon Stockraider on Insas-WB whom play wayang in Insas-WB forum with Conartist Callvin with invested RM 5000 …


Then Sslleee said Raider Win 1 Myvi in Netx RI .. Raider said Win 2 Myvi… both blowing bla bla bla klon the Wayang Skrip on Insas-PB and WC …


—-


Conartist Callvin n Kon Stockraider had been Promoted Netx since 2019 until 2021 ..

sasword

1,057 posts

Posted by sasword > 2 weeks ago | Report Abuse

Pancit sampai tak ada hujung

berfikir

178 posts

Posted by berfikir > 2 weeks ago | Report Abuse

ok time to buy

i3lurker

12,321 posts

Posted by i3lurker > 2 weeks ago | Report Abuse

MikeCheatYouCrazy the Satanic Accuser now unmasked as a full-time confidence trickster scammer conman with dumped Zelan selling at 3 sen.

sasword

1,057 posts

Posted by sasword > 2 weeks ago | Report Abuse

Nama penuh PTRB "Pancit Terus Rugi Banyak", very good.

sasword

1,057 posts

Posted by sasword > 1 week ago | Report Abuse

Its seafood causes food poisoning as people cirit birit like its share price until death.

sasword

1,057 posts

Posted by sasword > 1 week ago |

Post removed.Why?

trader808

171 posts

Posted by trader808 > 1 week ago | Report Abuse

1. After a violent storm with volumn and volatility in March, PTRB consolidated for 2 months. Over a period of hibernation and recuperation the bears have regained strength and ready to charge again.

2. This week it moves out of consolidation and resumes with its value destroying process. Price has weaken and fallen continually.

3. It is executing the most excruciating form of torture that is killing loyal investors silently and stealthily, slowly and surely.

4. This is my personal perception of the counter and it is not intended to influence your investment strategy and plan.
Happy trading
25/5/23

cK1973

1,223 posts

Posted by cK1973 > 1 week ago | Report Abuse

recent low created at 39.5.....
stay tune guys....

cK1973

1,223 posts

Posted by cK1973 > 1 week ago | Report Abuse

many days don't have volumes...
today making volumes....
show time ka??

bingoman

152 posts

Posted by bingoman > 1 week ago | Report Abuse

volume to exit.
all no exit then all money lock

sasword

1,057 posts

Posted by sasword > 1 week ago | Report Abuse

All bear loss until go sell underpants

Mikecyc

40,499 posts

Posted by Mikecyc > 1 week ago | Report Abuse

Haha Kacukan Tipuu TutTut / Stingray/ Ular …. Stingray said Shl buy more when price is dropped to RM 0.47 … No Action ke or No Money ke as a Lost Naked 5 years Sleeping Beauty…

Haha what a Loss Naked Kon Stingray Sleeping for 5 years from Feb 2017 to June 2022 …member since November 2015 …Loss Naked until Akar pun tak boleh Naik until “ your wif ran away “ … Awoke in June 2022 , Lickking TutTut n Sslleee Bunttut loh ….hahahaha

Mikecyc

40,499 posts

Posted by Mikecyc > 1 week ago | Report Abuse

Haha Kon Stingray own posted “ your wif ran away “ … hahaha

sasword

1,057 posts

Posted by sasword > 1 week ago | Report Abuse

EPF collapse , share market collapse , malai economy collapse , malai pic china con dog extinct

cK1973

1,223 posts

Posted by cK1973 > 1 week ago | Report Abuse

still no volume...
have to wait...
need to c the price move back to 44-45 range...
if not, most probably will deep back to 38-39 range...
what do u guys think?

trader808

171 posts

Posted by trader808 > 1 week ago | Report Abuse

1. The share price of PTRB has moved out of consolidation. The counter remains bearish. Its share price has weaken and continued to fall.

2. How much can it drop and how hard can it fall?.
Technically, PTRB has just completed a Shoulder Head Shoulder SHS pattern and formation. The left shoulder is peak at 44 sen and the head is at 68 sen with the right shoulder at 52 sen. The neckline is at 45 sen.

3. The SHS pattern is interpreted as a bullish to bearish trend reversal and it also signal the end of an uptrend as in PTRB.
4. Notice that on 18th May share has fallen and broken through the neckline at 45sen. Price continue to tumble and slip further to close at 41 sen today on 29th May.

5. Where does it go from here?.
Basing on the candlesticks chart and the SHS formation, once the share price cut through the neckline it will remain in its course and continue with its fall. The quantum of fall is equal to the distance from the neckline to the head. That average up to about 20sen considering PTRB has a lower and higher head.

7 If the chart is observed and accepted as a guide, than the share price could eventually slide from 45 sen minus 20 sen and technically settle at 25 sen.

8. Is this possible in the coming months?
Share valuation is base on earning basis. That means only profit will drive up share price. Fundamentally, according to PTRB's filing with Bursa, its 1Q profit was 7.5m, 2Q 8.3M and 3Q 1.9m. We are not insider and we do not have a clue on its final quarter earnings. The easiest way is to annualize the profit base on the three quarters available earnings.
Hence,[ (7.5+ 8.3+1.9) / 3 ] x 4 is 23.6m

9 The issued share capital of PTRB is 535m and therefore the prospective year end earnings per share EPS is 23.6/535 = 4.4 sen.

Now, let's look at the share price and PE of several companies in the similar industry.
CAB 66 SEN pe 5.69X
TEO SENG 90 SEN PE 7.27X
LHI 57 SEN PE 9.59X
CCK 73 SEN PE 6.9X
LAY HONG 30 SEN PE7.97X

The average PE of these companies is 37.42 / 5 is 7.48x
If ptrb is valued at PE 7.48x of its EPS than, its year end value would be 33 sen.

10 Fundamentally it could be worth 33 sen and technically basing on SHS chart it could slip further to 25 sen.

11. This is just a guesstimate and it is hopeful that you have been enlightened and informed and benefited from an alternative view and perception of the counter.

12. It is not intended to dampen your investing spirit. My analysis could also turn to be horribly incorrect.
Happy trading
29/5/23

cK1973

1,223 posts

Posted by cK1973 > 1 week ago | Report Abuse

another day of low volume....
won't c much changes in the price in coming days...
might float around 40-43

cytew

1,405 posts

Posted by cytew > 1 week ago | Report Abuse

可以开始大量收票了 !

cK1973

1,223 posts

Posted by cK1973 > 5 days ago | Report Abuse

low volume again ...
floating 40-42....
wait at 38 first...

cytew

1,405 posts

Posted by cytew > 4 days ago | Report Abuse

"江湖传说", Q 4 results is good , and company will pay dividend !

stockraider

30,826 posts

Posted by stockraider > 4 days ago | Report Abuse

Upside coming will be very strong mah!

cK1973

1,223 posts

Posted by cK1973 > 3 days ago | Report Abuse

price sustaining well n looks like will be back to 45....
Once touch back 45....
should look at the range of 50-55....
good luck to all

Posted by Jasonwantyou > 3 days ago | Report Abuse

see the QR result first

Posted by Go lucky Happy > 21 hours ago | Report Abuse

As usual, pancit again.

stoneage

11 posts

Posted by stoneage > 18 hours ago | Report Abuse

UP pls

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