a technical rebounce is due...

2nd day queue at 4.80 failed.

Didn't hit my target....will close above 5....

strong buying support below 5, not much sell now...

Broken

Cannot break 5....

Weeee.....but a consistent bear market difficult to trade lah ....

I though the euphoria will last till end 2020, but it lingers till now....fueled by still very high asp and margins....

Never reach my target price of 5.50...maybe afternoon....

Cannot reach 5.50...

Freetospeak use calculations to support high valuations. His theory doesn't work anymore, as the market don't just depend on calculations but look far into the future. So it's no point flogging that PE horse.

Many months ago, I already countered such calculations and warned against such predictions, but was attacked instead.

Anyway, I have cashed in 4/5 of my holdings from 15 years ago, the balance I keep for trading. Unfortunately, in recent months, there is little trading opportunities.

Supermax has never been and will not be, a dividend stock.

After initial pressing down, amazingly flat today!!

No, most countries do not require local studies for vaccine (or drug) approval... Pfizer may still conduct one one India, but currently, they can't even keep up with supplying confirmed orders (msia one still not confirmed can deliver end this month), no incentive to sell to India.

Flat day again, no trading opportunities.

Taipan @myinvestor - please help me understand how warrant work.


C92 listing date was 5 June 2020. Maturity date is 26 Feb 2021. Exercise price is 2.935. Warrant price was 1.12. Ratio is 3.5 : 1. Premium 0.225 (3.39%). Gearing 1.691
===========================
C92 is still in the money. The breakeven value is (mother price-2.935)/3.5.

All the warrants with conversion prices above current mother shares are OUT OF MONEY. They are worth zero at the moment....

These warrants are "European style Warrants" which are not issued by the company, but by investment bankers. There is no redemption into mother shares. If at maturity, the warrants are in the money, you get that money in cash, minus any transaction charges. If they are out of money, it expires and you lose all your money.

very flat trading....lately no more trading opportunities....

gap down red again....

Much as I hate Shorters, reality is, gloves are losing it shine, as it peaks and the market looks into the far future to value the companies....

The short squeeze is dying off....not enough capital to challenge the IBs lah....

already sold yesterday....lol nowadays the "bulls" hardly last 1 day, unlike last year, and the peaks keep on dropping....despite huge profits...

immediate profit taking already...

optimism return....see how much bull this time....everybody hoping reach highs of 12....lol

That was not short squeeze, but knee jerk from mco extension. Short up last 1 hr after announcement....

Kenanga Research analyst Raymond Choo Ping Khoon, who kept his "outperform" call, said the research house had cut its TP to RM9.05 from RM7.80 previously based on 12 times calendar year 2022 estimated (CY22E) earnings per share (EPS) as the research house rolled over its valuation base from CY21 to CY22.

How do you "cut" a TP from lower to higher?....lol

Shorters at PBB now...

As usual, sell on fact again...lol

Aiyo, Supermax is well known to stingy with dividends lah....it's never a dividend stock....

Tomorrow no trade...

2nd day in a row, push down in the last 15 minutes....

Immediately red after harta record profits....as usual...

And always sell after fact...lol

Always do the opposite of Teamrocket....you all know right?...lol

jacklimeu2 They sold treasury shares 10 days ago at 7.30.....and sdd now at below 6.70.....made lots of money,,,,,lol
23/01/2021 12:16 AM

--------------
My apologies, only read the headlines....the "selling" of treasury shares was the distribution of dividends shares....

Question is....is the current SBB to merely support share prices....or something is coming up....like the SBB of April last year....

They sold treasury shares 10 days ago at 7.30.....and sdd now at below 6.70.....made lots of money,,,,,lol

MCO will not be only 2 weeks. It needs at least 3 incubation/quarantine cycles, to suppress....and 6 cycles to eliminate. 6-12 weeks. And the current MCO is too weak, too many human activities allowed, so much less effective than last march/April....

Plenty of selling pressure.... apparently FF taking profits and selling...

Trading opportunities are back....earn chicken rice money already....lol

Countries buying the China vaccine even without evidence of effect and safety. Hopefully the data will be released tomorrow, after postponing twice already.

https://fortune.com/2021/01/04/china-covid-19-vaccine-sinovac-distribution-data-delay/

I will never accept the PRC or Russian vaccines, unless they release the data from their phase 3 trials, which they have NOT.

Many 3rd world countries buying PRC vaccines have no choice, as the logistics of the other vaccines is impossible in poorly developed areas, and the queue for the AZ-Oxford vaccine is very long.....

where the phase 3 trials are done is not important....we just want the data, which should be collated by the country designing the what is called a "multi-centre" trial. They are always double blind, so the people in Indonesia and Brazil doing the trial do NOT know who received what. Only the designers of the trial knows.

There is an alarming absence of scientific data about the Chinese vaccines, just hype by PRC's press and politicians. Unlike the currently available 3 Western vaccines, where the completed Phase 3 studies data are available in the scientific domain, China has not released their data.

They have also started using the SinoVac in people outside of a study environment, with again no data about the 1 million people already vaccinated. A practice the any other country will never allow.

Reduce the total shares and will push up prices by 2.1%....remember it just doubled the shares by the "bonus" which half the price....

Green but still below last year end price....I don't think the highs of 12 is possible.....even 10.....if can reach 8 already very good....but I doubt as nothing to push.... seems the market ignoring future earnings ....

I miss the hugh swings of July to September....

Johnny cash, asp peaked already, but demand remains strong....final fair price depends on normalised asp (will be higher than pre covid) and volume of sales....

Based on my assumptions, I calculate fair price about rm3+.....(6-8 before share split)....but that may be many quarters away, since demands remain strong at least another 3-4Q....

IDSS must buy back same day. RSS is actually borrowing someone else's shares to sell, so can buy back days later to return shares.

If enough retailers panic cut loss, ib can buy back slowly at low prices without pushing it up....