Titan, I'd be very surprised if it was to dip below 10.00 after the 58 cent dividend is paid out. Even using VERY conservative consumption/revenue estimates for 2021 you'd have to be looking at a minimum "fair value" of 11.20.

Of course we have to follow what the Fund Managers, Institutions etc. plan to do with the price after Ex Date but if they want to play it down to a sub 10 price point I'll yet again load up on my current 9.79 average.

Recent target prices from some of the instos at 12.50/12.60 are over optimistic, IMO, as they are using 2019 consumption/revenue figures to back up their claims. For me, I'd rather be more conservative and look at 2021 figures as somewhere in the middle between 2019 and 2020 revenue numbers.

If you look at the half way profits for 2019 results to 2020 results, then you can see why I'm choosing 11.20 as a minimum fair price call.

So yeah, let them push it below 10 after the dividend pay out :)

From the article, contender for "Most Humorous Quote Of The Week" :

" Part of why there was so much foreign selling earlier was because of political uncertainty, which is fading now.”

Fading? Oh really?

This is a tough one to work out, Wen Jun. Something doesn't quite add up.....or maybe I'm just getting paranoid :)

It keeps respecting that 1.24/1.25 price point and to me, considering the current overall market sentiment, that's a nit of a surprise to me.

The overall market sentiment for most sectors is low, or at best, undecided.
Currently the KLCI is testing the 1,600- 1,605 level. I wouldn't bet either way for it to hold or drop below that level. I'm just wondering for now what catalysts will drive the market forward in the short term.

Tread carefully.

Volume has gradually dropped off since the fall from 52.5 last Tuesday (16th). Volume was down to a rough average of 3.5 Mill on Thursday and Friday so I'd not expect to see anything too stimulating in the price until it starts trading at least 5 million then steadily increasing.

Friday's late close of 49 has upticked the Stochastics to an almost crossover point but way too early to tell if it's significant (probably not with the small volume that was bought at 49).

If things remain boring, we might have to ask Joyce to bake us a cake so that we can at least enjoy the boredom :)

A nice show of confidence from the Directors, paying Rm520,000 and Rm386,650 respectively from on market purchases.

Trust a woman to bring diamonds into the conversation.....diamonds are like oxygen to them :)

Sunshine, we need you to shine some of your light on this pathway of boredom :)

I'm not seeing any stock that interests me at all today.......time for you to shine!

Monday to Thursday has been lacklustre and unfortunately we should be seeing more of the same today.

Oil down around 8% overnight.
The Covid recovery fairytale book is losing its shine.
The financial carrots thrown by the government on Wednesday did nothing to inspire the market.

Tip of the Day: Go for a coffee and watch the world go by.

Scroll back to page 62 of the thread where I posted a link to the document that shows what everyone is entitled to regarding the Bonus Issue and how that effects the Warrants.

Joyce, there are many things everyone should consider about investing in the stock market and unfortunately many new players get sucked in by the "noise" surrounding certain stocks at certain times.
Always do your OWN research on a company before you buy and just don't buy on what you read in online forums.

Simple example, you'd do some research if you were buying a new TV (price, brand, etc.), so why not do the same with an investment?

The market can be a great vehicle to make money BUT conversely people can lose a lot too. Always tread carefully. I wish you well....and be patient, it's an investment, not a horse race.

Wen Jun, you are a thrill seeker :)

It has respected that 1.24 support level a few times now but I still can't encourage myself to top up or get some trading stock. I'll watch from the sidelines with a cup of coffee.

Best of luck!!

Joyce, yes I meant GP and NPAT. Although they have only been listed for a short time, they are a well established business starting somewhere between 1995 and 1999, can't remember exactly when, therefore I would have expected their margins to be higher.

Being listed now is a new game for them, so serious investors will be looking for revenue growth, profit growth and profit margins increases.
I'll watch with interest.

Yes, you were right with naming Solarvest as the new buyer alliance. I got into that company last year in the 1.20's as my solar sector pick, hence my interest in Southern Cables when they announced a strategic alliance.

Apologies to everyone for Joyce and me derailing the Econ thread for a short time :)

I see.
To be honest, I didn't know anything about SC until I read an announcement from another company I bought last year who mentioned establishing a supply agreement with SC.

Took at look at the fundamentals and seems positive with forward growth plans. One concern is their return on revenue, as they have very good revenue but a low % profit from revenue. Hopefully that s something they will address.

That stuff is a flashing light to me as business development and rationalisation was the field I was previously working in. As a materials supplier they should be showing much better profit margins. Growth is one thing to always focus on but too many companies take their eye off current procedures and how they can be maximised. Seen it so many times.

I'll watch SC with interest on how they are developing.

Joyce, I see that you are a holder of Southern Cables, did you get in on the IPO?

Good morning Joyce and thanks for the comments.

So far today volume is relatively light, so you'll naturally have the pip traders jumping off the bus who bought at 48.5/49. There was just under 5 million traded yesterday so you'll have all of those buyers "in profit", even if they are happy with half a cent or one cent profit.
Some will stay on the bus. some wont.

Too early to say how this will play out today and tomorrow.

You're welcome, Sunshine.
It's actually nice (and unusual) to reply to someone who is as polite as you are. There might be hope for i3 forums....lol.

Keep it up ! :)

Hi Sunshine, I was probably more frustrated than you, having to deal with clowns who don't seem to know which end of a paint brush to use!! Such is life~~~

Re the chart pattern you partially understand....when the stochastic and RSI indicators move into an overbought stage, generally they will reverse down (price drop) to either consolidate or perhaps signal a short term stop in the price. There is nothing unusual with that but the question we have to ask is will it either drop and consolidate or continue falling with a lack of buying interest.I haven't been able to watch it closely this week but the chart currently shows there was buying interest in the consolidation area. I would have been happier if that area was 52 but as we now know, it broke the 50 support level. Now it has to break that 50 area to show that it can still possibly move upwards.

Gee, I leave you guys alone for a few days while I have some renovation work done at home and you let if fall to 49....shame on you all :)

I wasn't too pleased when I got the phone notification that it dropped below 50, as I'd hoped 52 could have been a decent support level for the recent rise. Breaking below 50 was a possibility but I didn't think it would happen....wrong!!...Grrr.

Currently the chart is at the crossroads with the stochastics showing a positive reversal if it can break 50.

The price drop was good in that it dropped the RSI and stochastics, but as I said, didn't think it would break below 50. Yesterday's close was right on the short term moving average, so I'd hope it closes above 49.5 today.

Not sure why the quote below was added to my post on Saturday. I certainly didn't post this:

"1.395 was the highest in year in Jan 2018. Ever since, there were 5 bumpy mountains and reaching this 2021. Will this fate change ?
14/03/2021 10:30 PM "

Sunshine, we are due a positive day on Monday for the overall market after a couple of flat/down days. It would be nice to see it trade above 54 and close a bit above that price.

Let's not get ahead of ourselves for now though.

Just a reminder of the technical targets I posted for Econvest last Sunday 7th:

TP1: 47.5 (Tick)
TP2: 50.0 (Tick)
TP3: 52.5 (a pencilled in tick for now, confirmation soon)
TP4: 54.0
TP5: 56.0

TP1 and TP2 have broken with TP3 perhaps still in play. Ideally, at worst it will be used as a support level for this past week's move.

Looking forward, the updated TP's remain quite similar to what we already have. New TP's:

TP1: 52.5 (currently a tentative break out,ideally only used as a support).
TP2: 54.0
TP3: 57.0/57.5
TP4: 60.5
TP5: 62.5/63.0

A break above 57.5 would be significant, IMO. It might be a bit sticky between 54 and 57.5 for a bit of time but with a bit of luck (and buying) the main players might want to see it at 60+.

Let's see what the rest of the month brings.

Under the listed companies that got contracts, I didn't see Cypark or Samaiden names there.

Tenaga and JAKS got 50MW each

Advancecom Holdings got a contract for 26MW.

Solarvest secured 3 bids under their own subsidiary, Atlantic Blue, totalling 50MW.
Reported about 30 minutes ago on Te Edge Online.....got it from my Edge app.

Hi Sunshine, have to rush off right now but will give an opinion tomorrow....not saying it will be right though...lol
Have a great night!

The bus overshot the bus stop and arrived a day or two early according to the itinerary. Nice to see it reverse back to the proper bus stop (52.5/53.0) to pick up and drop off some more passengers.

Always nice to arrive early though than to never arrive at all :)

Is that a rocket in my pocket?

Link to reference.......Page 7 of this link.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3122857

For your reference, anzhsb,



(a)Admission to the Official List and listing of and quotation for 105,655,913Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;

(b)The listing of and quotation for up to 264,139,784 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

(c)The listing of and quotation for up to 52,827,956 Additional Warrants arising from the Adjustments pursuant to the Proposed Bonus Issue of Shares

hmmmm....looks like Joyce has spent all day at the mall. :)

A nice consolidation day for Econpile in an overall down market. I'd like to see more of that tomorrow to remain above TP2 (50 cents), then perhaps next week we can look at taking out at least TP3 (52.5 cents).

Hi JeffChan, it's always wise to do your own research and analysis, then look at IB's valuations to either confirm or question your own analysis. To be blunt, some of the posts in here are staggering and I always wonder about the motive.

You mentioned Rm10, or at leat close to, in your post. Personally I think that opportunity is now long gone. I've been playing around with some consumption and revenue figures for Tenaga for FY21 and I can't imagine Rm10 being anywhere remotely possible....UNLESS....there is a massive covid outbreak and we go back to square one, with FY21 mirroring the last FY.

I don't think anyone wants that, even if it means cheaper Tenaga shares :)

lol....some people are miles behind the game. Perhaps they don't read?

Posted by Joyce Lee > Mar 10, 2021 3:33 PM | Report Abuse

Treetop hope today can walk in and buy something haha

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Typical woman !!....lol :)

Joyce, keep walking passed that dress shop....you can maybe glance in the window now but there is still more work to do before you can walk in and buy anything :)

HeffChan, you are correct about yingzhe17.

Unfortunately there are far too many of his type on this website. Not too sure what the agenda is as it seems totally pointless to me.

Anyway, for all those who joined in my discussion here when Tenaga was around 9.70/ 9.80, I'm sure you're all very happy and are able to stick a finger up to all the trolls :)

Enjoy.

Not announced yet.

Hi Joyce.....not sure if you noticed but around 5 or 10 minutes before the lunch break there was 1.3 million for sale at 48 and a similar amount for sale at 48.5. Within the blink of an eye the two lines were taken out with a 3 million buyer.

It does feel that someone is trying to hold it back a bit for now with mixed success. Technically it is still looking fine to me with today's closing price sitting right on the top Bollinger Band upper line.

Let's see what the rest of the week brings :)

The Ex date for the dividend historically comes around sometime in June, so saying it is coming is a bit premature.

Ah, I was replying to the warrant issue. We might be talking about different things here.
No date yet re the 1:2 bonus share issue yet.

Dragon88, it should have been in your account yesterday.

Posted by yingzhe17 > Mar 8, 2021 11:36 PM | Report Abuse

Very odd epf unload few days before dividend

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Firstly, your comment about selling a few days prior to the dividend is wrong. The Ex date wont be until around late March.

As for it being "odd" as you stated, are you not familiar with the term "double dipping"? I'm sure someone with your expertise in the market will be well aware of that term. I'd be doing it too if I had the same ammunition the Funds have.

Move on and have a nice day.

It failed the 47.5 test today but tomorrow is another day.
Encouraging volume though.

That's correct, Joyce.
Nice and steady with consolidation is the way to go. Ideally a close at 47.5 or just a bit over would be good.

I see Public Bank has come out today with a technical buy on Econpile.

Very nice early volume this morning. Let's see if it will be sustained throughout the day.

NewWarrant is in my account.

Thanks for the acknowledgement, Sunshine123.

As I said in my post, this is NOT a recommendation, merely a technical
point of view. If you are new to investing in the market perhaps you can keep an eye on the price movements and compare the ACTUAL moves to the technical targets. Remember, the chart trend MUST remain intact for the targets to be hit.

Thanks again and all the best with your investing.

It's Sunday morning and I had the choice of either walking down to the driving range to hit a few golf balls, or perhaps go out for dim sum....I ended up having a coffee and charting Econpile! These Covid times are turning me into a very boring person....lol.

This isn't a recommendation, just merely some observations on how the chart is currently looking, IMO. I decided to do the calculations up to Thursday, before Friday's little price and volume spike.

On Thursday the Bollinger Bands has really tightened up, sometimes an indicator of either a break to the upside or downside. As we now know, Friday's price and volume produced a break to the upside.

On Thursday's closing price of 44, the next Fibonacci levels were 46.5, then 47. As we now know, Friday's intraday high was 47 and it closed at 46.5. So far, so good.
If this new uptrend remains intact, then the following price points are the technical targets.

TP1: 47.5
TP2: 50.0
TP3: 52.5
TP4: 54.0
TP5: 56.0

Beyond TP5, we have 59.5/60 but that seems a long way off for now.

Just my thoughts on a lazy Sunday morning.....maybe I should have went for dim sum :)
Have a great day.

Joyce, some money this week has started (slowly) to come into the building sector, so with Econpile being a main player in the piling business, that MIGHT be enough to create some interest and move it along.

Let's see how the next month plays out.

gemfinder The edge weekly said lss4 awards out next week
06/03/2021 9:43 AM

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Good morning, gemfinder.
Could you please post a link to the article you mentioned? I've taken a look but can't find it.

Thanks.