We can't forecast the future direction of stock prices

More important is to manage our risk tightly. Eventually we may have more gain than loss

Watch out tomorrow. The market direction for last few years’ budget day... morning up... by noon slacking... and when the Finance Minister open speech, profit taking came drastically

Dunno bout this year, if budget speech brought forward to noon, probably early morning will see profit taking

The “big guys” moved the index to above 1500

Just be careful. For Prlexus, I think tmrw 1.74 is safe to go in morning but watch T/O and watch until at least 9.30am

Good luck

@NPRA1985, I will not say. I am not like “some” that say “buy buy buy” then they sell and post here laughing at those holding

Already in news GOM allocating RM3 Billion for vaccine. GOM keeping potential/likely vaccine candidates very close to chest and, understandably, can’t reveal

Don’t understand why folks keep talking about US election here

The election result most likely won’t be known for a few more days at best but more likely a few more weeks (or even months, if Trump goes legal). Right now the situation is ok as long as US Senate remains Republican. In fact that is the current bet since it means stability

Aiks I said don’t talk about US election but I just did! :)

Today :

KUALA LUMPUR (Nov 5): AmInvestment Bank Bhd has upgraded its rating of ATA IMS Bhd to "buy" with higher forecasts and a fair value (FV) of RM2.46 (from RM2.22 previously), pegged at calendar year 2021 (CY21) forecast price-earnings (PE) of 18 times.

ATA IMS is a fast-growing electronics manufacturing service (EMS) company.

“Our target PE multiple is in line with our EMS benchmark forward PE of 18 times, which represents a two times premium above its one-year sector historical forward PE of 16 times to reflect the sector’s brightened prospects,” the research house wrote in a note today.

Besides, it said the EMS sector benefits from companies seeking to diversify their supply chain away from China to Southeast Asia due to rising cost in China and amid US-China trade tensions.

Following this, the research house raised its forecasts for ATA IMS for the financial year ending March 31, 2021 (FY21) until FY23 by 7%-15% to account for higher volume and margin assumptions for its key customer and crafting machine customer, which will extend into FY22.

AmInvestment is forecasting the group’s core net profit to be RM137.9 million for FY21, RM173.5 million for FY22 and RM201.8 million for FY23.

“We came away feeling positive on the group’s strong order momentum going into 2HFY21 (the second half ending March 31, 2021) from its key customer and crafting machine customer, evidenced by higher moulding capacity and its capacity expansion into Pasir Gudang to cater for the growth ahead. We continue to like ATA IMS due to its positive prospects,” said AmInvestment, noting the company’s earnings conference call.

Nevertheless, the research house believes that the stock is fairly priced.

“ATA IMS’ positive prospects arise from being the purest proxy for its key customer’s growth prospects for being the largest contract manufacturer producing the broadest product range; its efforts towards being vertically integrated; and customer diversification opportunities ahead from the US-China trade war diversion, supported by its modular expansion strategy,” said the research house.

At the time of writing today, shares in ATA IMS had risen seven sen or 3.18% to RM2.27, bringing its market capitalisation to RM2.73 billion.

@JohnFarmer458, I wasn’t comparing Prlexus with Gdex on FA terms. I was simply talking about trading ie. profit taking. Read my previous post. That’s why today happened. It was what I was wary about and it actually happened today

I’ve made profit on Prlexus last month (posted here). I really hope tmrw will be a great day for Prlexus price. Cheers

@JohnFarmer458, look at GDEX today, T1 (or T2 for some)... uncertainty exists... be careful. No rate cut caused market to drop after lunch today...

Tried to be stingy and tried to buy at 1.72 around 4.40pm but not matched, it kept being steady at 1.74

No idea what will happen tmrw morning, could be profit taking or could go up (but not by much by my reckoning)

Good news today

Biden. China.

sohaimalaysian, get lost. Talk to your parents

The Big Guys sold on announcement since they collected in early this month. Retailers couldn’t keep up/support. Wait for Fri and Mon

QR announced. Yes.

Regarding rights issue : 10/3 = 3,333 rights. If you hv holding position and subscribe, you will hv 1 free warrant for every 1 right issue subscribed. Check the ex date

Hi. Wait.

90M shares changing hands can’t be a small thing esp if the buyer is from.....

Something’s happening based on announcements today....

TS LHK is not only shrewd but calculative. If numbers don’t look like it’ll work, he’ll ignore. Believe me, I know. Many years ago PPB wanted to sell a piece of land along Jln Pinang (KLCC area) and I was an appointed real estate agent for PPB. I emailed TS LHK (he was a Dato then). He immediately replied my email asking for all relevant info. The one info that made him not buy that land was the land’s plot ratio. It was not high enough for him to make a profit based on PPB’s asking price

Believe me, TS LHK never makes a move until everything is confirmed to be profitable

The entire msg above will never apply to contra traders (of coz)

No need to wonder. The naysayers here protecting their other glove counters. Simple. They don’t need to but they want to

The Good : Good fundamentals
The Bad : Not big enough a company to interest big funds

If you guys/gals didn’t already know, yesterday institutional funds were net sellers at -RM46M, retailers were net buyers at RM181M while foreign funds were net sellers at -RM135M

Yesterday’s and today’s drop is understandable coz it’s either T2 or T3 for contra traders based on whether they bought last Thurs or last Fri

I’ve always liked this company. Just need to wait for ex date for BI

I’m strong as a long-term investor as well as a contra/day trader. I never panic. I look at 80% fundamentals and trade 20%. Good luck

Traders are always eager-eyed for stocks showing up momentum and rising % gain. They bought, price went up, they took profit. If you are strong, you know what to do

I already said before :) Have confidence. PCCS quietly do their biz, hv good fundamentals and shareholders are buying

The more we mention someone, the more that person become emboldened. I recently did that here, I regret it and I will never do it again

Just follow the trend. 1 guy versus millions of others usually doesn’t work. Unless your last name is Burry

Just watch the buying and selling on whatever platform you use. It was really busy this late afternoon after price hit 1.20-1.24

@1.24 (today’s limit up price) the system started clearing out the sell queues

Good luck

@InvestNotGamble, oh ok. I was trying to take credit for myself since I’m an uncle hahaha

The announcement was during Thurs lunch time. It went fr Weds’ 0.725 to a high of 0.775 before retreating back to 0.725

So I was scratching my head. Then I came to 2 assumptions :

1) Uncles/aunties don’t following announcements online daily
2) CMCO, uncles/aunties at home, got time to play market
3) Uncles/aunties prefer reading hard copy newspaper
4) Fri announcement was StarBiz hardcopy headline
5) Price go up and up and up on Fri morning until some resistance at 0.92-0.93 due to profit taking

And institutional funds bought more again. Keep the faith

To the patient ones, congrats. Read announcement

Look, every entrepreneur starts from somewhere. The business pie for many industries is big, not just locally here but around the world

You can either listen to investor/traders (with definite selfish ulterior motives) or you listen to those that have done their studies prior to starting a new biz/diversification

This calvintan better keep quiet. Why is he now here saying negative things vis-a-vis an experienced Tan Sri? Simple. He is trying to switch attention to comparable stocks he holds

If anyone here invested in PRLEXUS, you will understand. Visit that thread a few days back. There is apparently some “famous” guy that others here follow over there. One day, that guy promote PRLEXUS, next day after he sold he laughed at those invested in PRLEXUS. I posted some no-holds-barred comment there. I haven’t seen any comment fr that guy in this forum since

Just do your research. Research houses’ report, imo, are better trusted than traders with a “following”

And when did all established glove companies started having super EPS numbers?

Hi guys, altho I mentioned I hv exited yest I still keep a close eye. Be patient. Some exited today (volume not high) to ride the MahSing wave (just like I did). I will monitor and may re-enter. Good luck

Have confidence. PCCS quietly growing their business

Some here think Mah Sing is solely a glove company. Sigh...

Investors, make informed decision. Traders, well, they do their thing. FYI I sold some at 0.950 after lunch and then collected at 0.925

You guys think TS LHK dunno what he is doing or you guys think some “well known investor/trader” here knows better than TS LHK?

mwong26, file email complain to :

1) Brokerage firm
2) Bursa

You must provide proof

Be responsible. Don’t simply say/post things if you know you hv followers. Remember your past blog/post about a company that starts with the letter “T” whereby you made a connection with a big glove company

Ok then. I call and quote you

Calvin, have you ever spoken on the phone (or email) senior management of any companies you invested/traded in? I have. Have you?

My day job is in real estate. 20 years. I hv closed deals for several PLCs after initially approaching them (phone/email). I constantly talk to many PLCs. Have you?

If you are only here to trade, fine. Don’t post here if you hv no idea how any PLCs’ biz ventures moving forward will materialise. Mah Sing’s announcement/venture is pump n dump? Oh please...

0.92 critical. As usual, profit taking prior to lunch

If buy this counter, you are investing on 3 fronts : plastic, property and glove. If you have money to invest (ie. hold) then make an informed decision. Plastics are needed. Properties are needed. And, to those that say gloves not needed after proven vaccine, gloves will still be needed due to New Norm (ie. extra careful behaviour by frontliners)

Yeah. Institutional funds’ questions to PLCs are usually entertained/answered. And so they decide to invest. Us retailers/minority shareholders can ask PLCs questions but not entertained hahaha. It’s good news

China Govt already authorised usage of CanSino vaccine for its military several months ago. This was announced. What more to say?

Thanks to the person that sold at 0.750 to me yesterday. I actually placed a higher buy price at lunchtime after reading the announcement to jump queue, hehe

CoolJay, can go in at any price if you intend to hold long term

investmalysia, Tan Sri Lim doesn’t want more competitors. What more a new competitor that has a lot of cash to grow and expand

Keep on going, don’t jump too much, slow and steady is preferred...

To those that say Mah Sing should stick to properties, my opinion is they are not businessmen/entrepreneurs. Remember TS LHK started in plastics. Should he then have stuck to just plastic?