PT RESOURCES HOLDINGS BERHAD
KLSE (MYR): PTRB (0260)
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Last Price
0.425
Today's Change
-0.01 (2.30%)
Day's Change
0.415 - 0.435
Trading Volume
1,095,800
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Haha and also is very very weak company situation :
1) as said earlier , 5 years Account books are too good.
2) changed Registrar so fast .
3) One of Director ( insider ) sold most of his share at 44 sen just after a few days Listed …
4) The new One is Group Finance Controller is Resigned on 31/3/2023 … so fast resigned ke .. 5 years Account books Profit is increased so good leh .
1 month ago
Haha Designation : Others ???
Remarks :
The resignation of Ms. Ong Wen Qin as the Group Financial Controller of PT Resources Holdings Berhad will take effect on 31 March 2023.
——
Change in Principal Officer
PT RESOURCES HOLDINGS BERHAD
Date of change 31 Mar 2023
Name MISS ONG WEN QIN
Age 29
Gender Female
Nationality Malaysia
Type of change Resignation
Designation Others
Reason
To pursue her other personal goals and interest
1 month ago
Haha the Resigned Group Finance Controller Age 29 .. so young leh Shl has Good career in this company leh .. hahaha
1 month ago
maxmax
maxmax | Joined since 2013-05-17
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1 month ago
Warren Buffett and Charlie Munger says avoid MikeCheatYouCrazy
The two billionaires also weighed in on how to chase success—and an important part of it is keeping away from “toxic” people.
“The great lesson of life is get them the hell out of your life—and do it fast,” Munger said of people who are a bad influence.
4 weeks ago
Haha Koni3lurkker Promoted a Stock in Insaf …. After it is down , he deleted the Price post and twisting did not Promote … then said is just chitchat with konartist sslleee … hahaha
3 weeks ago
1. In Mar 2023, PTRB had a massive fall from an intra day high of 68.5 sen to 46.5 sen. As what we have expected, since than the counter has consolidated and traded in a range between 51 sen and 45 sen.
2. On Apr 14th, the 9 day and 26 day moving average lines intercepted. And sadly a huge attempt by the bulls to cross over the 26 day moving average line ended up in futility. With that unsuccessful phenomenon, the upwards momentum has ceased.
3.The daily trading price began to weaken and the gap between the 9day and 26day moving average lines has alarmingly widened.
4. In the last 5 days of trading, prices had been falling faster and decisively broken below both the 9 and 26 day MA.
5. According to the candlesticks chart and its various indicators, this is a bearish signal, strong and clear indication that going forward price will continue to weaken preceding a greater fall.
6. With RSI at 41 level ,the bears are active. Further havoc could bring it down to 25
points level in which case the price would move further south and be unthinkable.
7. At 46 sen the counter is trading at 10.4x price earning and at the bottom price between the range with diminishing daily volume. The lackluster transaction and declining volume indicate that the key player is gone.
8. In the absence of any positive corporate news, business and project announcement, market is anxiously awaiting the forthcoming quarter result announcement. A less than favorable result and a missed quarter in earning would further deteriorate the share price.
9. Stock market and share price move in advance of economic fundamental, corporate news and earnings announcement.
10 The current weakness and falling prices could be a precursor for greater calamity and distress in the coming days.
11. Let,s be forewarned.
Happy trading
14/5/23
3 weeks ago
your prediction has not came through previously, current prediction could possibly be the same
3 weeks ago
Haha manyat lembik loh … Insider ( Director ) sold shares at 44 sen just after 3 days Listed is an indication loh ….
3 weeks ago
1st Lies :
Stock: [INSAS]: INSAS BHD
3 hours ago | Report Abuse
Haha wow Konartist sslleee is an Attention Seeker ke .., approached me 1st in Netx on 2020 telling Lies replied my post which directed to Kon stockraider to bail out Kon Stockraider on Insas-WB whom play wayang in Insas-WB forum with Conartist Callvin with invested RM 5000 …
Then Sslleee said Raider Win 1 Myvi in Netx RI .. Raider said Win 2 Myvi… both blowing bla bla bla klon the Wayang Skrip on Insas-PB and WC …
—-
Conartist Callvin n Kon Stockraider had been Promoted Netx since 2019 until 2021 ..
3 weeks ago
MikeCheatYouCrazy the Satanic Accuser now unmasked as a full-time confidence trickster scammer conman with dumped Zelan selling at 3 sen.
2 weeks ago
Its seafood causes food poisoning as people cirit birit like its share price until death.
1 week ago
1. After a violent storm with volumn and volatility in March, PTRB consolidated for 2 months. Over a period of hibernation and recuperation the bears have regained strength and ready to charge again.
2. This week it moves out of consolidation and resumes with its value destroying process. Price has weaken and fallen continually.
3. It is executing the most excruciating form of torture that is killing loyal investors silently and stealthily, slowly and surely.
4. This is my personal perception of the counter and it is not intended to influence your investment strategy and plan.
Happy trading
25/5/23
1 week ago
Haha Kacukan Tipuu TutTut / Stingray/ Ular …. Stingray said Shl buy more when price is dropped to RM 0.47 … No Action ke or No Money ke as a Lost Naked 5 years Sleeping Beauty…
Haha what a Loss Naked Kon Stingray Sleeping for 5 years from Feb 2017 to June 2022 …member since November 2015 …Loss Naked until Akar pun tak boleh Naik until “ your wif ran away “ … Awoke in June 2022 , Lickking TutTut n Sslleee Bunttut loh ….hahahaha
1 week ago
EPF collapse , share market collapse , malai economy collapse , malai pic china con dog extinct
1 week ago
still no volume...
have to wait...
need to c the price move back to 44-45 range...
if not, most probably will deep back to 38-39 range...
what do u guys think?
1 week ago
1. The share price of PTRB has moved out of consolidation. The counter remains bearish. Its share price has weaken and continued to fall.
2. How much can it drop and how hard can it fall?.
Technically, PTRB has just completed a Shoulder Head Shoulder SHS pattern and formation. The left shoulder is peak at 44 sen and the head is at 68 sen with the right shoulder at 52 sen. The neckline is at 45 sen.
3. The SHS pattern is interpreted as a bullish to bearish trend reversal and it also signal the end of an uptrend as in PTRB.
4. Notice that on 18th May share has fallen and broken through the neckline at 45sen. Price continue to tumble and slip further to close at 41 sen today on 29th May.
5. Where does it go from here?.
Basing on the candlesticks chart and the SHS formation, once the share price cut through the neckline it will remain in its course and continue with its fall. The quantum of fall is equal to the distance from the neckline to the head. That average up to about 20sen considering PTRB has a lower and higher head.
7 If the chart is observed and accepted as a guide, than the share price could eventually slide from 45 sen minus 20 sen and technically settle at 25 sen.
8. Is this possible in the coming months?
Share valuation is base on earning basis. That means only profit will drive up share price. Fundamentally, according to PTRB's filing with Bursa, its 1Q profit was 7.5m, 2Q 8.3M and 3Q 1.9m. We are not insider and we do not have a clue on its final quarter earnings. The easiest way is to annualize the profit base on the three quarters available earnings.
Hence,[ (7.5+ 8.3+1.9) / 3 ] x 4 is 23.6m
9 The issued share capital of PTRB is 535m and therefore the prospective year end earnings per share EPS is 23.6/535 = 4.4 sen.
Now, let's look at the share price and PE of several companies in the similar industry.
CAB 66 SEN pe 5.69X
TEO SENG 90 SEN PE 7.27X
LHI 57 SEN PE 9.59X
CCK 73 SEN PE 6.9X
LAY HONG 30 SEN PE7.97X
The average PE of these companies is 37.42 / 5 is 7.48x
If ptrb is valued at PE 7.48x of its EPS than, its year end value would be 33 sen.
10 Fundamentally it could be worth 33 sen and technically basing on SHS chart it could slip further to 25 sen.
11. This is just a guesstimate and it is hopeful that you have been enlightened and informed and benefited from an alternative view and perception of the counter.
12. It is not intended to dampen your investing spirit. My analysis could also turn to be horribly incorrect.
Happy trading
29/5/23
1 week ago
another day of low volume....
won't c much changes in the price in coming days...
might float around 40-43
1 week ago
price sustaining well n looks like will be back to 45....
Once touch back 45....
should look at the range of 50-55....
good luck to all
3 days ago
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斗智的时候开始了！
2 months ago