Excellent QR.

Oh goodness, the daily spam.

Packaging contributes less than 10% to their total profits.

For the earlier question, this counter dropped at 2.60 because the quarterly profit was below expectation. Price had jumped from 2.40 to 2.60 the day before in expectation. This price subsequently reset back to the 2.35 range.

From there, it gradually traced lower because of the overall market sentiment. It is not just this counter but the market dropping amidst market uncertainty, Covid and political issues. Nothing wrong with the company, just macro forces at play.

Hold and ride it out, or cut and watch. Your choice.

Someone is unloading a big volume of shares in the afternoon session.

And just as suddenly, the 10000 lot support disappears. :)

Expect the yoyo pattern to continue.
Big support placed at the 1.98 point, possibly to avoid it dropping beyond that.

These days, just wait for more announcement now that budget is cleared. Perhaps between now and end of the year.

Just added more units today to take advantageof the price.

Chris, source of the rumour please?

All eyes on budget.
If pass, then we wait for contract announcement from Ah Wong.

Buying spree in the afternoon session. Big news coming out later this week?

This is a stock to hold and invest in. Be patient, time will take care of the rest. Fundamentals strong and cash rich. If it drops anymore I'll need to liquidate some other counters to buy in due to the value.

Price looks to be set between 1.86 and 1.87. 2 huge support blocks and 2 huge resistance blocks to keep the price in place.

Huge support blocks at 1.86 & 1.85 propping up the price.

If you were the PP investor, wouldn't you request for big announcements like the NIIS to be done after the PP? You want to get more shares at a lower price to maximise amount invested. Then break big news to move the share price up once you are committed.

@Zuliana

Current TP is around 2.50, averaged from 5 analysts.

@swagger855

Thanks

Anyone know NIIS budget is under which Ministry?
Monitoring for Budget 2021 approval.

Man, whoever sold at 1.81.
The price went straight up to test the 2.00 resistance.

This explains the pullback after the price surge, wanted to set the price for the PP. Investors won't be happy if the share trades at or near offer price, so expect involved parties to push the price back up tomorrow.

PP for new revenue projects and not debt servicing. Materializing revenue stream. Technically neutral to positive news.

News coming hard and fast, suspect there are still cards to be played.

Completed the analysis for my Invest & Hold Value portolio and came to a conclusion it is a strong Buy. Have bought in.

Financial Health. Check. Strong cash position and zero debt.
Management team. Check. Proven track record of growing the business and focusing on fundamentals.
Future. Check. Good for recovery as sporting events restart and retail segment recovers.
Value/Price. Semi check. With the ongoing Bull market going on, entry price is acceptable. Analysts TP of 2.82 noted.

@zen_2k

Yes, they could be banking on future earnings and that may explain the sudden wave of interest. Note that average volume is up too. The coordination in pushing the price could just be a coincidence but does not look organic to me.

That said, the price has gone beyond my entry range so I'm sitting this one out. In terms of making a trade, yes there is potentially money to be made here.

Master is an illiquid stock so big buy tranches will push the price up dramatically. Big players can be accumulating through this strategy, maybe. But the reverse is also true. A big sell tranche tanks the price due to the illiquidity.

I would call this push an effective one, as the price has stuck at 1.90 unlike the previous push.

I need to be clear. I was monitoring Master for an Invest & Hold portfolio investment, not my Trade portfolio. For Trading, the added volatility can represent an opportunity.

For my value intentions, I am monitoring from the outside for now as price has gone beyond my threshold. Master's last 2 quarters were below expectations, yet the price has gone upwards without any change in the fundamentals.

@Bold_Investor

I was monitoring this stock on my trading platform as I was waiting for entry. So you will have to take it with a pinch of salt as it is coming from me (An anonymous user over the internet).

- Price was hovering at around the usual 1.80 - 1.83 mark at opening on 7th Dec.
- At exactly 3pm (7th Dec), there was a string of Buy transactions which cleared the queue upwards until the 1.90 mark. Price remained there until closing.
- This happened a couple of weeks back where a Buy spike moved the price upwards but at that time the subsequent wave of Sells reset the price by closing.
- Take into account there is an effort to circulate publicity around packaging stocks lately.

At exactly 3pm on 7th Dec, high Buy volume spiked the price like a couple of weeks before. Gonna wait for the pull.

Don't read too much into institution buy/sell.
Different fund managers changing positions. Netted off, it is a big buy in considering how much the price was pulled back. Consider it a 2nd chance to catch the boat.

Vaccine news was a surprise. NIIS belum lagi.
Once budget fully cleared by Dewan, expect more announcements to be made.

When it comes to promoting counters, perhaps sometimes....Less Is More?

NIIS yet to come. Once clear the profit taking resistance for today, can move upward.

If TS Wong announces NIIS before Christmas, he is our new Santa.

Looking at the market queues in place, high chance gonna limit up today.

Wow, vaccine JV. Seat belts on.

Hold. More to come.

MyEg started engine.

Poor revenue affecting the results. Also, significant impact of foreign currency exposure to the bottom line. USD is expected to further weaken in 202 so this isn't going to change anytime soon.

Holding. Momentum bilding.

Wong's TP is RM 1.55.
Other TP does not matter.

He disposed before the record profit announcement. If he was after profits, he should've disposed after. Maybe it is a corporate governance move if he had planned to dispose.

Incredible volume and spike the past hour. What's going on?

Liquid cash flow and reserves still there, so fundamentals strong. Have topped up once today to take advantage of the dip. Didn't quite get my target price of 1.70, there was huge support built around that price point.

Queued at 1.70 waiting for a bloodbath but didn't happen. Where are all the sellers?

Objectively, it is a 44% increase in profit for the quarter.
That is a positive. With a further upside next quarter once new designs are done.

Not quite the same as seeing a 44% profit decrease back in Aug.

Not the big recovery we were hoping for, but the revenue numbers are going up. Just not in the quantum we were expecting. The design decision from the customer was an unforeseen.

Read the report. It says "TEMPORARY" drop in revenue. It is not permanent.
This major customer, if it is who I think it is, has been with them for over 10 years so the relationship is there. Expectation is that new designs will be incorporated and revenues will be expected to normalise in future reporting.

It's running. 1.60 resistance.

Don't take too long loading up your bullets.
QR is on 22nd Nov.