10% down Fri. Today double that even after price adjustment

Today’s trade summary and chart trend shows oversold but with support

Buy

You all know the song “Blurred Lines” with that guy that has impossibly blue eyes?

SCIB is like Robin Thicke

Follow the trend

@WeLoveSarawak, I was late to this SCIB show

Based on my risk/reward, I just contra/day traded. The last time I bought was the longest time I held SCIB (T7). Sold last time @ 2.67 and never regretted even tho it >3.00 coz as long as I make profit I will sleep well :£

@SuperPanda, 10 years ago where was Dato Karim?

Look at his manoeuvres since

Bought over Powernet (now Kpower). Look at Kpower now

Look further at Serbadk (ok, I already said before, this counter depends on oil price and Petronas) and this SCIB

I’m sure Karim is looking at taking up major shareholding in some other companies where he thinks the biz prospect is good, their NTA is good, their gearing is ok-ish etc etc and then he’ll make his move (incl big corporate exercises thereafter)

Follow me. Traded 4x this counter. Never lost once, all winning trades

Selling power lost already after lunch

I said I wait for 1.85

I changed my mind after watching the trend and further research

Bought a chunk at 2.12 just now

Up to you guys

@WeLoveSarawak, it’s obvious to me who is buying from those that are selling

Like I said, I wait to buy at 1.85

Like I said, today Niagara

And like I said I will be interested if it hits 1.85 or so

If any stock shows you the money, make your decision

I will buy at 1.85

@weimun88, never underestimate retailers/contra

They can hv multiple accs. They buy 10-20-50 lots. They measure their risk/reward. They watch the trend

And then they decide the time to sell

Chart doesn’t lie. Read first ancmt re 3-for-1 plus free warrants. Look at the date of 1st anncmnt. Look at the chart

The important dates wrt chart are 30/12/20 and 11/1/21

Also, there will be 7.5 trading days until CNY (Bursa closed half day on CNY eve)

Historically, there is a lot of profit taking across the board in the few days leading to CNY. So be mindful, consider your positions and hope all SCIB investors huat.

Everyone, try not to have any ego. This thread have enjoyed insightful and mature postings until a few individuals started appearing some time last week

I really really wish SCIB longterm investors will profit

Unlike TG, Harta, Supermax where their astounding profits over the past few QRs failed to drive their share prices higher and higher

So the question then now should not be about the SCIB profit taking by contra traders but this : Has its current share price been already priced in?

If not, what’s the price 6-12 months down the road?

Ps. Yes, I know about shorters (I bought a lot of put options on FB years ago when I didn’t like the exuberance and was proven right when it fell due to the data conspiracy). I also know the big glove counters were riding the pandemic wave and then I sold bit by bit before they are what they are now

Many folks joined the up trend w/o any intention to get the free warrants. They are the contra traders. They know how to take profit when it comes to stocks that hv announced ex date for BI and free warrant. They buy on first anncmnt, they watch and wait. And then they sell 1 day before ex date

Happened with many other such stocks. Look at related stock Kpower

On Tues there will be a gap up T/O

The rest of the day, I dunno

Congrats to long term shareholders

@tracylim, all talk about market cap no longer relevant. Look at boastful TS LWC re his TG. Unprecedented that a boss can “claim” a high market cap. Irresponsible too. These bosses cannot say things like that

My boss is co-founder and single biggest individual shareholder of a PLC that is in Top100 market cap

Never has he ever boasted or promoted about achieving such a thing

@Venicechoo88, the question always is the same : What is your investment and risk/reward?

I mentioned my holding earlier today. Do you know what I did or didn’t do?

Some folks started deleting their past comments. Not surprising

Tues will see Niagara. Attempts made to support today. Didn’t happen. Karim didn’t support

Check Kpower chart. Check all counters chart after anncmt bonus/warrants

If you’re strong as an investor, or even a bluff promoter investor, ok, your money

But retailers are strong too

Ally, stay quiet

1) You initially said “no price adjustment, don’t mislead”
2) I and others then said got price adjustment
3) You then said got price adjustment
4) You continued to promote
5) Many folks (not me) got trapped

Correct? As said, stay quiet for now and the next 2 weeks. Price go up, you will promote understandably

Contra traders, congrats on your profits

Now I’m holding 55k at 1.63 which I bought/supported when it dropped to 1.61 on 14/1

What do you think I will do?

I contra traded this counter twice for decent profits (you can check my past posts starting reimplementation of current MCO)

Ally, I disagree with you. You have now changed your mind based solely on today’s profit taking

Ally, with all due respect, you are now saying the exact opposite thing. All along you said “Buy, free warrant, Fri 29th last day”

Now you said it is not right and unhealthy. Sigh...

Fr RHB Research this morning :

* BUY, new TP of MYR3.12 from MYR2.23, 16% upside with c.1% FY21F
(Jun) yield. We are positive on KPower’s memorandum of agreement
(MOA) with Public Islamic Bank (PIBB), which marks its maiden venture into
the solar power installation business. This will further strengthen its growth
prospects, as it should ride on the wave of interest in renewable energy in
Malaysia – if it is able to establish a track record.

* MOA with PIBB to penetrate the solar market. KPower has entered into
an agreement to collaborate for the purpose of securing works related to
the net energy metering scheme (NEM) and/or self-consumption electricity
generation. Both of these are under the purview of Sustainable Energy
Development Authority (SEDA). The MOA will be in effect for two years.

* New venture to boost earnings. We are positive on the MOA, which marks
the company’s official venture into the solar power installation space. Under
this proposed collaboration, KPower will execute the solar power installation
contracts, while PIBB will provide financing under the Solar Financing
Scheme and promote KPower as one of the contractors providing these
services. We gather that KPower has been expanding its internal capability
and identified potential partners to execute these jobs. To note, the NEM
3.0 programme is available from 2021 until 2023, with a quota of 500MW
allocated for three main segments – homeowners, government ministries
and entities, as well as commercial and industrial users. Including the
proposed collaboration, KPower is targeting to secure up to 50MW – mainly
from homeowners, as well as commercial and industrial users – under NEM
3.0. These could be worth c.MYR200m, with a net margin growth estimate
of 10%. Besides this, KPower has participated in Large Scale Solar (LSS)
4 tenders as an asset owner – the outcome of which will be known in the
near term.

* Forecasts. We maintain FY21E earnings, but increase FY22-23F net profit
by 11-13% after imputing an additional MYR55-60m pa worth of solar power
installation jobs. Our current orderbook replenishment of MYR1.3bn in
FY21F is also relatively conservative, vs management’s target of MYR2bn.

* Keep BUY. Our TP rises to MYR3.12 from MYR2.23, pegged to a higher
25x FY22F P/E (from 20x), following the company’s venture into the solar
power industry. Our P/E is still at a discount to that of solar power-related
stocks, which currently trade at >30x P/E. We continue to like KPower for
its strong earnings growth potential, riding on the growth of the renewable
energy industry.

“Buy High. Sell Never”

:)

Tmrw you may not be able to buy if you queue even at 3.10

It’ll close near 3.75-3.80 (but depends on contra traders)

Tues... I already know what will happen. I know what will happen whole of next week. And I also know what will happen the week after next and the years to come :)

Good luck!

@wcc636588, based on your message, it looks like you have no intention to hold after the ex date

It’s up to whether you hv confidence in SCIB for the long term, whether can afford to pickup/hold

This is still a designated non-DF stock

You all be careful if you contra trade

Congrats Ally!

rr88, thanks but appreciate no more comments fr you here. I know you well

Next week almost certain price will drop after ex date. I already said so. I think most mature investors know

Hahahaha

Can’t remember 2 individuals over at the SCIB chat but me and them on the same wavelength! Right guys? Sorry ah, really can’t recall your names

Sorry, I made a mistake in my earlier post

Ex date is 2/2. Last day to buy to get free warrant is 29/1 Fri. Can then sell on ex date 2/2

Patrick, cannot sell on Tues if want to get free warrant. Can sell on Weds 3/2

Buy today. Last day to buy to get free warrants (RM0 tho ref price will be RM0.005) is Fri

On Tues, mother price will either drop or steady. On/from Weds onward, mother price will likely fall (folks got the free warrant, they likely might sell on ex date ie next Weds) few days of falling fr Weds onwards and then upward again the flwg week

Buy now or latest by Fri

Astute and all others, last day to buy is this Fri 29th

As for Ally’s “hidden gem”, she’s like all ladies I know... they tease a lot

Hahahaha

But of coz I hope she tells us :)

@Ny036, ahahaha you mention Slvest after I mentioned it in my previous post :)

But solar is the future. Biden already making a move to reduce fossil fuel production/usage

Yahoo128, yes

But pls don’t convert

Remember settlement/holding date

This counter no institutional play. In a word : No

@stockslayer, that’s the way to trade. Many times I place queue to sell on several counters. And then i see the price going up and up and within 1ct of my sell order queue. Then I cxl my sell order. Then profit taking happens and price go way down. And then I cannot sleep

I hv learned not to be greedy

Here’s how I trade/invest :

Buy
Sell
After I sell, remove counter fr my brokerage watchlist but remain in my other platform watchlist

If I keep having FOMO and regret I sell earlier, I cannot sleep. See profit, take profit, go in again

Btw if anyone made profit, be happy. Don’t regret if the price of any stock you bought went way above what you sold

I never regretted selling Slvest at 2.25 today and look at its closing price today

See profit, take profit. Go in again measuring your risk/reward

stockslayer1, since you made profit, congrats

Maybe you can consider buy again by Fri but calculate your risk/reward

3.5 impossible. Reasonably I expect 2.6-2.7

Don’t calculate so much. There is still 2 days left. Dunno what mother price will end up. But the main things is the diff between mother price minus warrant exercise price can be calculated. Add on total outstanding shares plus volume of warrants being exercised upon it being listed

No adjustment unless big volume of warrant exercise