Start invested in KGB in June 20 at a cost of around RM 1.00 on average, sell mostly when price hit RM 2.40 and keep some to see thru whether it could hit RM 3.00. Bonus issue and price adjusted to around RM 1.25. Then 1 free warrant for every 3 mother shares. The price now around RM 1.80. If I calculated back the original value, share price shall be RM 3.60. Nothing wrong with the company's business, nothing wrong with the management team, indeed they are strong team lead by MD, Mr Gan and ED, Mr Ong. Recurring income business is gaining traction. If kenanga gave a target price of RM 2.50, meaning the original stock price shall reach RM 5.00 and this is going to be a 5-baggers stock soon. I will not sell now with the balance share. Will I add more now? Nothing wrong with mgmt team, nothing wrong with business, maybe I will add if the price re-trace down by 20% but buying within my comfortable level. Otherwise just leave it and stick to remaining shares and warrants. I want to sleep well at night with low entry cost. If you are trader now and want to grab a piece of this cake, you take the risk short term and strategize your entry, longer term, nothing is wrong with their business, if you have the conviction to KGB.
Stock: [KGB]: KELINGTON GROUP BERHAD
2021-09-19 15:40 | Report Abuse
Trader vs Value Investor.
Start invested in KGB in June 20 at a cost of around RM 1.00 on average, sell mostly when price hit RM 2.40 and keep some to see thru whether it could hit RM 3.00. Bonus issue and price adjusted to around RM 1.25. Then 1 free warrant for every 3 mother shares. The price now around RM 1.80. If I calculated back the original value, share price shall be RM 3.60. Nothing wrong with the company's business, nothing wrong with the management team, indeed they are strong team lead by MD, Mr Gan and ED, Mr Ong. Recurring income business is gaining traction. If kenanga gave a target price of RM 2.50, meaning the original stock price shall reach RM 5.00 and this is going to be a 5-baggers stock soon. I will not sell now with the balance share. Will I add more now? Nothing wrong with mgmt team, nothing wrong with business, maybe I will add if the price re-trace down by 20% but buying within my comfortable level. Otherwise just leave it and stick to remaining shares and warrants. I want to sleep well at night with low entry cost. If you are trader now and want to grab a piece of this cake, you take the risk short term and strategize your entry, longer term, nothing is wrong with their business, if you have the conviction to KGB.