if u have 100 will be better, rm12k a year

Yup, very consistent dividend, stock price value-buy. Drops only because of sentiments.

How come the price of this is dropping like no tomorrow? a well run company is resilient

Good results coming in two weeks.

This counter is gone. So is service at their outlets. New CEO has not shown any brilliant market moves, despite it being the most staffed distribution company. Dare one hope for more?

such a monopoly business and market confidence in this stock is so low?

Cant say looking at latest development in the middle east and the impending cold front in Europe and such. It may breakaway this afternoon to test a new high.

This morning, the RSI crossover is seen. If Deleum hits 1.23, then rest assured bulls wlll be back to push it past last high.

Velesto will need to reach 0.28 to be taken seriously by investors. If it does break 0.28, we are looking at 0.31 as next target.

It has broken it's 1.27 resistance level and now at 1.30 with this volume, it will test 1.37 and let fly. All it takes is some news indicating a marginal increase in Brent prices. Its last high before the decline was 1.36 two weeks ago from today. See how much it has recovered and sharply move upwards pumped by sheer volume the last few days

Watch this counter - PD is now under focus and this company has some projects in Lukut as well.

why fell so high?

There is bad news everyday if you trade daily. But the ability to look through the panic will save your day. Like S-panda said, paper loss is harmless if you dont sell. It's on paper. Right now, without new boost (except for its drilling in the new field), this stock will flatline. Those who bought at 0.43 a few days ago will sell to gain quick profits. when others sell too, they wait to catch the low. Now, the question is where is the low or is the new high visible by day's end? As for oil prices, read up the views and read whatever's online. Does it point to consolidation to the much said 70-80USD for Brent? If it doesnt, why panic?

OPEC will negate the Iranian shortfall but Reach's new oil finds will boost its fundamentals. Either way, it's still affordable at this stage.

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/100918-crude-oil-futures-rise-despite-likely-us-stock-build-amid-supply-concern

It's poised to be another HIbiscus if the explorations are well managed.

Read more about this field:

http://reachenergy.listedcompany.com/newsroom/REB_Spudding_of_K-16_08.10.2018_final.pdf

It doesnt matter whether Brent will rise over the next few days or not. Fact is, even if it flatlines, this is still a positive development. Like for instance, if you plant durian trees years ago and now you see it flowers and fruits, you know that that effort will yield

And this is why that drill is important:
http://www.theedgemarkets.com/article/reach-energy-drill-potential-hydrocarbon-trap-near-north-kariman-field-kazakhstan

Yahoo!
Reach Energy Bhd drills its first well on its Emir-Oil asset in the Kariman field, Kazakhstan, couple of days ago

Low volume selldown today - must be two reasons: a minority who are just frustrated by the unpredictable performance, and those faced margin calls perhaps

http://www.theedgemarkets.com/article/real-recovery-og-sector-seen-hopes-better-rates-next-year

Bonus coming? Lots action

Be careful yet. There is more to be corrected. Brent crude cannot be expected to rise beyond US$90 as Opec can still increase production. These rise these few days could be due the buying frenzy created by a number of factors, including the US sanctions on Iran and production interruption in several producing nations.

Now market forces have realised that the Iran shortfall can be overcome by increased output by the big three - Saudi Arabia, the United States and Russia - which between themselves raise global output in the next 12 months to compensate for falling oil supplies from Iran, as mentioned by U.S. Energy Secretary Rick Perry during his visit to Moscow two weeks ago. Trade wisely and wait.

Because of buying too high and unable to see the fast rise, people will sell. Just look at the charts and see it's beginning to show the turning point. If you have not moved in, just wait. No harm waiting for bigger fish to fry

too high already. but 300k swallowed at 1.30. when they get tired of waiting and start selling, together with news of dropping oil prices, then can pickup. wait as low as you can.

Think and grow REACH..

Sold too... wait for consolidation at 1.24 or less. Should come. Look at the 300k parked to sell at 1.30. Too risky to touch. Play it cool, play it smart. All that goes up will come down to breathe before setting for a run again. Since the announcement of the contracts made by Deleum, it has gone up from 1.04 to 1.30, a total of 26sen or 25%. Unless profits warrant such high increase, better stay on sidelines.

It's going Hibiscus way

Year high very near to be broken.

http://www.theedgemarkets.com/article/cover-storydiverging-fortunes-malaysia%E2%80%99s-oil-and-gas-spacs

https://www.theglobeandmail.com/business/article-brent-crude-near-four-year-high-ahead-of-iran-sanctions-but-concerns/

Share buyback at 1.10. Fewer free float, more people chasing few shares. Prices should go up

https://www.cnbc.com/2018/09/27/iran-sanctions-could-push-oil-prices-above-100-strategists-say.html

On the move again after hitting 1.12 low correction. Volume too small still but if yesterday is any indicator, the big boys should move in later part of the day. Hang on guys. Perhaps another ride is to begin soon.

after being oversold, it is poised to rise again to test its new heights from today. Let's watch if it breaks the 1.11 mark with reasonable volume. If it does, then yesterday's performance confirms the morning star candlestick.

too hot folks, be careful. wait for correction at 1.12 or below. TA chart shows it is nearing a turn-down. Just be cautious. Waiting is virtue if you are in no hurry to make money

all these are not happening yet. they EXPECT. Like hoping it will come. If not, then die standing. TA shows it's overbought. Maybe should wait a bit for it to cool down.

There is a big buyer at 1.15.

serious??

Good showing. Small market float, easy to mop up. Better returns than Hibiscus

looks like it is turning downwards alredy at 0.345 - correction coming

##newbie8080 I believe this company is big beneficiary of the trade war.
The QES Thailand is a good start.##

How so?

stochastic looks dangerously high

DONT GO IN. US just announce interest rates hike. Just look it up. Usually when interest rates hike, oil prices will be bashed down. Wait 10% less, no harm. Patience is virtue

Because it's counter play. Oil prices dipping and it's still racing up due to herd mentality. soon, someone will start the killing and it will drop like a rock

@commonsense: For those that invest in this company, what is the target PAT for FY 2019?
Valuation is super high at 100x PE based on 12m PAT of RM23.6mil.
Even if they double their profit (which i doubt), PE would still be 47x.

This is a more realistic outlook for this company:

"Bond redemption by SAP Express. GDEX’s subscription of convertible bonds worth IDR30b (or approximately RM10.4m) issued by SAP Express will be redeemed upon the listing of SAP Express in October 2018. As per the preliminary prospectus, SAP Express plans to utilise 61.5% of the IPO proceeds which equals to IDR67.2b (nominal value: IDR30b, redemption premium: IDR37.2b) to redeem the 5-year convertible bonds subscribed by GDEX in November 2016. While this indicates that GDEX will not be able to convert the bond into shares of SAP Express, management guided that both parties will work out another form of collaboration. Aside from Indonesia, GDEX is also looking at other ASEAN countries to expand such as Vietnam and Cambodia."

If it breaks 0.26 support, a lot of people gonna lose money

Heavily in oversold zone. Good to pick up to see if it retests the 345 ceiling

Amazing, still surviving.