Koon Yew Yin's Blog
AYS price trend reversal is confirmed - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 16 Dec 2021, 10:39 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
AYS price chart below shows that it has been going up every day in the last 9 trading days which indicates that its price trend reversal is confirmed. That also means that it is quite safe to buy an up-trending stock.
What is a stock price chart?
It is a record of the daily price movement. If there are more buyers than sellers its price will go up. On the contrary, if there are more sellers than buyers its price will drop. In the case of AYS, there were more buyers than sellers on each of the 9 trading days. That means it is quite safe to buy AYS.
Share placement
On 15 October, the AYS company placed out 38 million AYS shares which is equivalent to 10% of the total issued shares at 76 sen each to institutional or big buyer when the open market price was 88 sen. The big buyer must know the company operation and its profit growth potential before he decided to buy so many AYS shares. No investor would buy 38 million AYS shares unless he knew the quality of people managing the company.
My target price for AYS
Its 2nd quarter ending Sept EPS was 6.51 sen and its 1st quarter ending June EPS was 8.5 sen, totalling 15 sen for 1st half year. All these profits were achieved during the Covid 19 pandemic MCO lockdown. Currently there is no more MCO lockdown and AYS should be able to make better profit in its 2nd half year than its 1st half year.
Assuming its 2nd half year performance is the same as its 1st half year, its annual profit EPS will be 30 sen per share.
Based on PE 3, AYS should be 90 sen.
Based on PE 4, AYS should be Rm 1.20.
Based on PE 5, AYS should be Rm 1.50.
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Discussions
1 person likes this. Showing 8 of 8 comments
Dear Mr Koon Yew Yin,
It is a push up to sell before/on the coming quarter results. Hope you are able to escape then
Sincerely,
EMSVSI
2021-12-16 21:19
Uncle said stock market gonna crash before. Why invest now uncle. Run run first.
2021-12-17 15:55
What do you know about chart? You talked what you wanted to talk only, nothing to do with chart.
2021-12-18 18:11
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abang_misai
Cantek Koon. AYS sudah ada jalan sikit
2021-12-16 21:09