Many ppl underestimating the business of logistics & transportation. It is the lifeblood of any business. SinKung is not a small company. Only those familiar in the logistics business will know the strength of SinKung. I wasn't succcessful in the IPO, but still got a chunk (small chunk lah, I'm not Vincent Tan maa!) in-market. Planning to observe for 1 qtr first. I have faith it will go higher than TA's TP of .165.
hi morning.. paktua not expert on logistics segment but have quite experience on ipo logistics & Transportation counter.. if we see back on this year we have AGX ipo at rm0.35.. also slow preformed.. same on last year we have KGW ipo at rm0.21.. both KGw n Agx below ipo price..
but sinkung have good position bcoz ipo only rm0.13 so to climb till rm0.165 practical.. to hit rm0.20 hurm its bit hard for right now..
tut tut frankly from paktua base on experience swing on ipo born counter
congratulations sinkung make it thru rm0.16.. base on today range.. singkun possible to reach rm0.18 next week.. but need to closed at least rm0.15 today.. if fail.. will back rm0.14
I think today T3 is not a good day to make any decision. Today sellers could be those have already decided to sell before even they buy on T1 (Wednesday) . Will wait longer for it to stabilize . What ever it is , Monday should not go lower than today closing.
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....
useramn
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Posted by useramn > 6 days ago | Report Abuse
Got the IPO but dont know how to sell :(