Waterfall, after rising up a lot. At what price will it hold ? Monitor till see long tail hammer, and after if got long white candle, then can consider. Worth to think is - what is the fundamental basis for increase in price ?
Price offered by KLK seems a bit low at RM 1.55/share, for 33%, since some prime land have not been revalued. Bplant will still remain listed since BHldg will still hold 35 %. Can it be like Ewein , went up to double the Offer Price, since amount of shares in free float will be quite small ?
Hope good news coming after Court decision on 15 th August, just after Election results !! Prestariang, Awantec should be compensated as they have spent millions to develop the Immigration Control System, which was unjustly terminated. Just double the present price enough , to 80 cents. Possible, hope so !!
Very good news should be coming out soon, as take over is imminent. Hopefully the price is around RM2/ share. Anyway look at Ewein, though offer price is low, now trading at double the offer take over price. !!
Thanks Mr Ooi Teik Bee. Most of us also hope Klse will go up, after majority lost from Gloves downfall, Heng Yuan Refining, and Commodities also. If BPlant takeover leads to a higher price and CPO price over RM4k/, then Plantations can be re-rated. Also Energy is now the main theme, so YTLPower is main mover, as it has major power stations in Jordan, Indonesia, Singapore and Wessex Utilities in UK. If Brent is above US 80, then our country should do well also.
TSH almost at a low price. All it needs to skyrocket is news of coming millions from sale of land. Funny, BPlant goes up on news of selling land, TSH already sold land with lots of millions, and yet price goes down from RM 1.50!! Market Maker slowly accumulating, and when have enough, will surely push up to Director Kelvin T A Pen, initial buying price . No longer The Slow Horse, but The Superb Horse !!!
Somebody says Elon Musk, or Warren Buffett also interested !! Anyway, to Wilmar, sup sup water as Sing is v high to RM. Will be good if higher than NTA of 1.30 at old value. If revalued, NTA can be higher than RM 3.
For sure if take over at RM 1.88 will be good enough for every investor !!
BHoldings 57% holdings in B Plant is NonTrading, i.e. must get Govt approval to sell to interested parties. !! Almost at second half of trade, price will go down. Market maker trying to shake off weak holders and Contra Players. Also CH due to expire very soon, so Inv Bank may not want to pay Call Warrants holders if price exceeds Ex Px of 78 cents. !!
Company gave bonus warrant of 1 for 4. Anybody knows the Ex Px of the warrants ? Vis has been known to go down and quickly recover . Let us hope price can recover as only 1 quarter of losses, as compared to last year s overall very good results.
Ex px is 63 cents. Normally 5 yr tenure can have 10 % premium. Warrant value is 3.5 cents plus 10% is 7 cents. Thus at listing CAB-WA should be around 10 cents. Let us hope due to good results as half year eps of 10 cents, is more than last years, warrant price shall be higher.
Believe that after Ex, price will adjust. However, after the initial going down for a few days, slowly it will recover back to its price b4 the 8.5 cents div, that is around 60 cents. So if one buys at less than 68.5 cents, then can profit a bit . Look at FGV, after 11 cents div announced, went up by 10 cents, then after a few days , went up another 10 cents as Ex dividend date nears. Hope this is the case for MBSB also.
Remembered Mtronic at rights issue of 10 cents say can gain, also MMag, Saudee, BcMall, AT and others, consolidate shares, then do rights, later price all fall down to below 2 cents. Edge highlighted this Modus Operandi and kena sued. Imagine all this con game. Fitters bought this share cos of EV theme. How low can it go, 10 cents ?
Net profit margin, is around 11%, so net profit is around 10 mil, for 108 mil shares, roughly 9 cents/ share eps. Total for year should be around 30 cents, thus at RM 1.80, PE is 6X, which is low and can be rerated. Let us wait for the result, either today or or Monday.
15 x 15 cents , becomes 1 share. i.e. RM 2250 is your cost. Then placement at RM 1.3 to takeover company, share is equal to the 15 to 1, consolidated share. !! This is at a great discount. No wonder price keeps on falling.
Demand for passports due to Revenge Travel is high, as can be seen by AAX price going up. Also long queues at Immigration office Q1/23 results should be very good, before Warrant Expiry. Market makers pushing price down to collect at cheap price, and later pushing it all the way up. Recent results shows improvements and it should continue.
Actually Ta Win has very good prospect, as their Irridiated Copper Cables c.an last longer and stand higher heat for use in EV. Heavy expenses for Cyprium Tech, to get certification. Once their Cables certified, price should go up. Cannot understand why price keeps going down, can be due to Private Placement and ESOS at lower market price to Directors and those having it selling to take profit. Anyway punting at 1 sen not much to lose for their Warrant.
Long queues at Immigration means profit for Dsonic. Hope price will go up. Incidentally, when is govt going to compensate Awantec for cancelling SKIN project last time awarded to them before it was cancelled ? It has already spent hundreds of millions before cancelled.
Thought stabilized at RM 1.90, now going to minor support at around RM1.73. Price fell due to shorties, forced selling, or Directors selling.? If so should have declaration by Directors. Waiting at bottom to collect some as Vietnam Factory , so far no Bad news, right ?
Maybe good chance to buy low. Drop lower, can average down, like Myeg. Think it is oversold by the Co directors. Look at Tech Analysis, when got hammer with long tail and confirmed by long white, maybe can go in.
Shorties covering their losses ? From charts, looks like it is on way up. All of its services are still ongoing, only panic sales. Moreover, Agmo distribution is still on. Can reach its price before panic sales of 90 sen ? Hope so.
Most CPO shares are making good profit. This shows despite high fertilizer cost and higher wages for workers, it is still profitable Land is a scarce commodity, so should Sime Darby or BPlantation sells any one of its good location land, it will reap enormous profit. TSH will also later gain from its land near to new Indon capital at Kalimantan bought cheaply in due time.
If you notice, most qtr results are on 30th of the month. So, HY results will be out Esok. Just hope that it will be better than PetronM result. !! If today cross 200 days m.ave, will be good. Crude Oil price down to Lockdowns in China, world s biggest importer.
Vincent 555, concur with you on huge potential of TSH. See Research has an axe to grind with Calvin, that s why he is spamming almost everyday as he promoted TSH while at same time selling it. That was why he was out from Eagle group due to a lady having losses due to his action. Singapore CPO shares mostly doing well, BUT not KLSE due to all the negative news. Anyway, the profit is in the waiting and not long, we will see the good result.