Rakuten put TP 50cents for Panda yesterday. very bullish sign. almost 70% profit of last year already achieved during the first quarter of 2024. very impressive indeed. Let's go!
E-Invoicing is already ongoing and will be mandatory to companies with RM100 mil turnovers starting 1st August. Profits will most likely double nx QR. Tuesday will once again test the 40c level.
Beside of its high gross profit (around 35.4%), we don't really know how much will the e-invoicing system be affecting the revenue. (Could be like ADB, nobody knows)
Global Tech stocks looking good yesterday. PANDA Near TP 0.555, longterm TP 0.705. End of this month QR announcements will put highlights on PANDA again. This is just my own opinion, trade cautiously.
Tomorrow Panda will resume its uptrend after a minor pullback and will test the 50c level once again. It will break the bullish ascending triangle already formed at the top of the candlestick chart. This week it will close above 54c and on track to reach its TP 60 by end of the month.
As I suspected... Panda has already broken the 50c level. With Nasdaq breaking all time high... and all the Tech counters in Bursa are moving... Panda's share price should have been trading like CABNET by now.
Name Last High Low Chg. Chg. % Time US 30 40,849.5 40,994.4 40,823.3 -105.0 -0.26% 04:20:52 US 500 5,620.6 5,666.6 5,619.6 -46.6 -0.82% 04:20:52 US Tech 100 20,130.8 20,394.0 20,124.5 -269.2 -1.32% 04:18:43
morning.. paktua love be part in here.. sailing in e-invoicing sea next month.. with consistent trend slowly rise.. paktua yakin Panda maampu reach rm0.70 on coming month.
Panda is a profitable company. I believe Panda's management should start thinking about giving out dividends to shareholders to reward them and at the same time to boost it's share price. I also believe Panda can go far in the future.
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....
madakiman
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Posted by madakiman > 2 months ago | Report Abuse
Panda receive Rider Kick this morning, now injured T T