My Trading Adventure
Property Stocks : M
CP TEH
Publish date: Sat, 17 Aug 2019, 07:16 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Morning to DOW plus 300 points, rebound from that day minus 800.
Property Index falling to new low this week ... so, IS PROPERTY SECTOR bottoming out like most property gurus talking about? Then ... how about buying property-stocks ... and hold?
Let me pluck few property-stocks ... say, starting wih letter M
MCT (PER 4.53 with NTA 0.61) At new low level ... buying? Low PER and higher NTA.
MahSing (PER 8.14 with NTA 1.45) ...breaking support too ... at 88cents, where is the bottom?
Malton (PER 18.95 with NTA 1.74) at 49cents, this is always been in play ...
MKLand (PER 12.53 with NTA 1.00) at 17cents, long time no check her ... wow. below 20cents now. How low is low?
MKH (PER 8.62 with NTA 2.72) at low RM1.12 ... is it a BUY?
Well ... the whole sector crashing ...still reaching for new low. Imagine this ...if you STUCK up there, would you cutloss NOW (so low ? ) or average down?
Matrix : ( PER 6.87 with NTA 1.68) ...Trading at RM1.90
Is Matrix the only M not at new low and still sdeway?
Have a nice weekend ... let's rest.
TEH
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CP TEH: falling to new low this week ... so, IS PROPERTY SECTOR bottoming out like most property gurus talking about? Then ... how about buying property-stocks ... and hold?
sounds funny, coming from a day-trader, throwing idea to buy n hold ?
definately NOT ! unless you yourself have bgt n intend to hold, hahaha..
Property sector should be one of the last sector to rebound, after maybe steel, cement,finance, plantations, O&G etc.
Its a trading market, NOT buy n hold time, in my opinion.
2019-08-17 14:37
just let its supply rot naturally to real demand instead causing more damage by artifical demand curve,gov shouldnt be using limited funds wastage to save unproductive item thats ravage economy,.....construction can go on to build infrastuctive n less wastage jams
2019-08-17 14:46
Teh the trader wants to try his hand as a investor ( buy n hold for long term).
Betul kah? Bila Teh tukar tabiat trading nya kepada investing??? HAhaha
2019-08-18 15:55
Even QR season yet to complete property sector a gainer from higher economic growth bec of lower interest rate and various incentives given by govn?
2019-08-18 16:07
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shame on u cpteh for poking fun at uncles & aunties stuck up there.
SHAME ON U!
2019-08-17 09:45