Before you get too excited, low around 41c. Already shot back to around 73c. 41c to 73c is a whopping 78 % rise. Sharks made alot already. Need to retreat to 45 - 50c range to buy. Sharks are waiting for you to buy now :p
Again this kind of rubbish, same like spamming pasukgb, for real, i wish you luck if u blindly believe someone spamming to praise stock to heaven..........making me think is this the sign like pasukgb lol
ken2004 You'll right, spamming pushes price down. Recent low 41c & recent high 70+c. Current global-local cond going Lower Maybe retest 41c, good opp to pick up then. For long-term, sure can buy if pick up 41c.
If can drop all the way back to 41c which is like 30%-40% losses from current price, this mean something really bad to happen to this counter or the country and that time I also not sure anyone want to buy already.......
During Liew's time, co doing very weLL. He did an excellent job & led co uP. Since he sold out, co never the same. Co could not perform the same since. Property mkt local-global slowly overheated Probable recession nxt yr won't help at all What can we expect then, up or down ?
What goes up must come down, what comes down must go up, over time in the stk mkt. Yes, could be counter, country or cond. It is risk - reward situation. Confident if 41c, can recover over time to 60+c If retest 41c, sure will buy.
nit Price Index Of Building Materials Declines Across Malaysia, Says DOSM According to a report by the Department of Statistics Malaysia (DOSM) titled "Special Release 2 (For Building and Structural Works) November 2022," a month-on-month comparison of construction materials and selected areas in Peninsular Malaysia, Sabah, and Sarawak showed a decrease in the unit price index for all areas. The unit price index of steel recorded a decrease of 1.6% in November 2022 compared to October 2022 and has declined for three consecutive months. This decrease in the price index is in line with the decline in the price of major commodities such as iron ore and steel at the global level. However, according to Trading Economics, the price of iron ore and steel began to increase at the end of November 2022 due to some major cities in China easing their COVID-19 lockdowns. While there may be increasing demand for steel, there are still uncertainties surrounding steel prices that may put pressure on prices. The unit price index for steel and metal sections decreased by 0.6%, while the index for sand decreased by 0.1%. However, the index for timber increased by 1.7%, and the index for cement increased by 1.1%. Some building materials, such as plywood in all areas of Peninsular Malaysia, Sabah, and Sarawak, remained unchanged. In a year-on-year comparison, the unit price index for building materials in November 2022 showed increases of between 3.2% and 11.8% compared to the same month the previous year. The unit price index for steel increased by 3.4%, and the index for steel and metal sections increased by 4.6% in November 2022 compared to the same month the previous year. Average Price of Selected Building Materials A comparison for the month showed that the average prices of selected construction materials, such as steel and cement, decreased compared to October 2022. The average price per unit of steel, including mild steel round bars and Mycon 60 high tensile deformed bars, was RM3,599.34 per metric tonne, a 1.0% decrease from the previous month (October 2022: RM3,637.01 per metric tonne). The average price of cement (Ordinary Portland) increased slightly by 0.9% to RM20.88/50 kg compared to RM20.70/50 kg (October 2022). The average price of aggregates was RM41.14/metric ton, a 0.7% increase from October 2022 (RM40.83/metric ton). However, on an annual basis, the average prices of steel and cement increased by 10.2% and 9.6%, respectively. The overall decrease in building materials should be good news for construction players, which in turn could benefit mega developers by decreasing pressure on costs. We are upbeat for the prospect for mega developers such as SP Setia Berhad, Eco World Development Group Berhad, IOI Properties Group, SkyWorld Development Berhad and UOA Development Berhad.
Dilution, mungkin sebab harga syer menjunam balik :(
SPSETIA - RENOUNCEABLE RIGHTS ISSUE OF 2,472,010,007 NEW CLASS C ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN THE COMPANY (RCPS-i C) AT AN ISSUE PRICE OF RM0.38 PER RCPS-i C ON THE BASIS OF 67 RCPS-i C FOR EVERY 100 EXISTING ORDINARY SHARES HELD IN THE COMPANY (RIGHTS ISSUE OF RCPS-i C) S P SETIA BERHAD
Kindly be advised that SPSETIA’s 2,472,010,007 new RCPS-i C issued pursuant to the Rights Issue of RCPS-i C will be admitted to the Official List of the Exchange and the listing and quotation of the RCPS-i C on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 30 November 2022.
The Stock Short Name, Stock Number and ISIN Code of the RCPS-i C are “SPSETIA-PC”, “8664PC” and “MYL8664PC006” respectively.
Announcement Info Company Name S P SETIA BERHAD Stock Name SPSETIA Date Announced 29 Nov 2022 Category Listing Circular Reference Number ILC-29112022-00046
Signs are shown already. So many more billion shares flood mkt Shares become watered down, Dilution ! So much over build, unsold here & abroad Soft property mkt in 2023. Shareholders have options. Shift to sectors with good potential Safe banking & gaming stks to go to Strong Maybank, Public Bank, Genting Bhd Some smart investors already sold out.
A couple years ago, DickyMe said this counter would become pariah stock trading below RM1. It happened. When a gem of company was forced to be handed over to monkeys, this is the state. This phenomenon, is a reality in all sectors and, industries where they are present. When monkeys touch, all becomes tatters.
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....