Fear mongering. So that people sell and he can buy at lower price. Otherwise, I see no reason why would he come and keep badmouthing this stock. Hahaha ———————————————— Why you said kawan is dying, cheahgood?
The IPO trend now is, if you get allotted, you should sell on the IPO day as the days for shareholders and investors to make huge profits is over. For Kenergy, the IPO price is 30 cents only, that means even at 62 cents now, there is still 100% huge profits for shareholders and investors (private placements, etc). The real value of company is always BELOW IPO price as it is based on FUTURE estimation. The shareholders see that now the tech or AI theme is over as NASDAG is a well-known timebomb, there's a big risk to their profits if market collapse anytime. So, it will be a sucker to buy and "support" above the IPO price. Even below the IPO price also need to consider twice!
I don’t see at that way. This is not a tech or AI theme stocks. I see this as a potential new IPP using green energy stocks. As companies worldwide now is calling for esg and the uprising of EV cars, this has huge potential. How many stocks in Malaysia is in green renewable energy?
Kenergy is a very lucky counter with best listing timing!
Many shareholders and private investors made huge returns. It is riding on the SENTIMENT of AI tech boom and Bursa bull ride! But the good time is it nearing over! See how another "energy" stock Eldridge's performance tell the story!
Kawan is going down to TP 0.46 very soon based on Apex Securities Bhd (https://www.thestar.com.my/business/business-news/2024/05/03/kawan-renergy-poised-to-do-well-in-renewables). Previous kena Goreng up to 1.00 without solid ground. Merely 58 million project for a company nowadays is considered Small project. Look at similar counter ELRIDGE, from IPO 0.29 and today 0.415. As of today, Kawan price 0.610 and this is the last chance for your to Sell before to drop down to 0.50 very soon.... today opening start at 0.575 and someone keep pumping up to 0.625... haha, how long it can keep pumping above 0.6X.... So, is better Sell now before cry also no tears.
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....
mf
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Posted by mf > 2024-07-02 14:21 | Report Abuse
Stock futures fall after S&P 500 rises to kick off back half of 2024