In the AGM, 62% of available votes in favour of the resolutions. Means the bosses still holding a lot. You can guess who’s selling and pressuring the stock to be at lower price. Best IPO in Bursa 2023 👎 👎👎
On 8th Sep 2023, Skyworld bought a land in Vietnam. After that announcement you can see market react on the Skyworld stock price till today.
In addition, go youtube.com - type "vietnam property collapse" or type "vietnam property crisis 2023" at google.com and click news section
Price action discount everything means all the information is already reflected in the stock price. Do not catch a falling knife. Do not against the market.
Company earning, fundamental and prospect is good. Panic selling is due to short term investor's emotion. Vietnam land is only a very small portion of the company investment, less than 10%, shouldn't affect much. Good time to collect low price. PE now is only 3, much lower than peers of about 8. Wait and hold for a longer period. Market will reflect the real value of this stock.
Chart looks weak. MACD trending downwards. Support pegged at 54-55. Sentiment hit by bad news & uncertainty over Johor massive Forest city overhangs. If project collapse multiple effect on other property
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....
sh0cklife
76 posts
Posted by sh0cklife > 2023-09-27 18:03 | Report Abuse
how to pn17?