Don’t be silly, now is “distribution” stage, “collection” was three months ago. That’s why you see bankers setting higher tp every day, if not how to lure retailers to buy their tickets at higher price?

Wtf!! Pusing like this also can, must have failed the physics class, remember gravity?

startrader Wafa_90 The candle already touch lower bb. Should be bound higher. Just need to be patient. What goes down, will go up again
18/06/2020 10:42 AM
18/06/2020 10:43 AM

In March...

Genting’s bottom is rm3...

I ad warned when the price fell to 3.7, that peak is over. Some ppl also said it’s temporary...

Still remember how steel prices crashed two years back.

Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?

SIMPLY because stock market looks to the future!!

The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?

During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?

Still remember how steel prices crashed two years back.

Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?

SIMPLY because stock market looks to the future!!

The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?

During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?

Still remember how steel prices crashed two years back.

Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?

SIMPLY because stock market looks to the future!!

The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?

During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?

Still remember how steel prices crashed two years back.

Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide.

SIMPLY because stock market looks to the future!!

The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?

During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?

I get dividend almost every month, can’t remember when each counter pays dividends, but cimb pays twice a year. Big Kaki will not let it catch breather in 3 for long, soon it’ll break 4 and test 4.5

Yesterday pushed up at closing, from 3.9 to 3.95
Big Kaki ad joined at the end of may, support at 3.7
Prices around this is a good buy
Second wave thingy is just an excuse to consolidate
Everyone everywhere will be better prepared to handle such second wave, if it happens

ju is good, beat down so many counters for others to collect cheap
need to thank epf too for selling down mahsing

plus unrest in hk will benefit e&o, hongkies simply like penang, and balik pulau durian

only 0.32 book value, what to lose. mahsing also power up today, wanna test 0.60

It’ll track mahsing and break 0.50 once announced

Sure have dividend la, 0.03 only need 45m out of 1.9b cash, making yield about 6.5%

Poor coming quarters have been priced in the single digit PE, possibility of poor asset quality is reflected by historical low PB, share market moves at least 6 months ahead

Don’t insult glove counters, they make money. Gp lose money almost every qr. signed some toilet paper memorandum and released some products gonna guarantee bombastic profits? Don’t be naive

This forum is full of desperados, posting out-dated news is meaningless, it helps for self consolation and to wash out comments which you don’t like, but it doesn’t change the fact that this is a goreng counter

historical pe around 20, now goreng up to 64, what does it mean?
back envelope calculation means 64/20 = 3.2, meaning market has priced in future profits will at least x3 times, so, ask yourself, higher asp can triple the profits? production line fully utilized? possible to quickly add production lines to match higher demand? china can make new production lines for mask in 10 days, but gloves are only talking about land acquisition...
anyway, locked in profits last week and bye bye

Pls sell, takaful is no good

Comparing elephant with ant.. facepalm
Buy shares based on the economy outlook at least 6months later

Fund managers sold pbb for cimb and ambank

All priced in, bad quarter for banks is priced in the single digit PE and historical low PB. Good quarter for gloves is priced in the average PE 70!! If you don’t know what it means, forward PE is 70/2=35 or 70/3=23 if gloves profit x2 or x3 next year. Expectations are high but sustainable? When investment banks set super high TP and ask you to chase, you should do the opposite. Imagine comfort glove TP changed so quickly in matter of weeks from 1.xx to 3.xx. Btw, do you know that banks can sell their NPL after write downs and provisions? That’s why ppl say you can nvr outwit banks, because a 3rd party will still come after you after write down and provisions

Collect? No way!! There are so many better options out there. Don’t be blinded by emotions. Be honest to yourself, the book looks good? Recovery prospects look good? Any better options out there? Do not fall in love with a stock!!

Surprised that so many ppl are so naive to believe this goreng counter can go higher. Launched some products, signed some toilet paper memorandum, can justify the share price shooting up from 0.4x? Where’s the profit? Just look at the timing of announcements, it’s all planned to push up the price step by step. If really want to goreng, buy gloves, avoid this rubbish at all costs

Bank stocks no good because glove stocks need support? 2 years later bet which one will give higher return, banks or gloves? Now is time to sell gloves to buy banks, not the other way round. Anyway, sold all gloves, locked in huge profits, all in banks

Funny, these ppl complain about everything, provision less complain, provision more also complain, management press statement also cannot understand but still Kpkb. Apa lu mau lagi? Sked to buy then get lost

They gonna eat the company, 39% of ksl worth only 247m, but ksl has 340m cash, can ku gonna earn that 93m immmediately upon eating ksl

7% from th absorbed by the cb ku. Now these bus3rds own about 61%, knn

If wanna buy tech stock, buy one which owns proprietary tech, not those chapalang parasites riding on someone else tech, mou is toilet paper ok

WB theory applies only to quality stocks, this GP like most of tech stocks on bursa, is RUBBISH - making losses for most of the quarters, all financial ratio is terrible. Only good for PUMP AND DUMP

Funny, 0.6x everyone chased, but 0.60 everyone run, bye t+2

Gonna push down to 0.61 before taking off again

Lol, so funny to read the comments from monkeys who jumped out and missed the ride. Anyways, those who wanna buy now must be prepared to lose big or earn bigger (chances of upside is higher mah). If sked to lose big, then don’t buy, no risk no gain ok

recent push up from 0.2x to 0.4x is simply based on speculations ignited by PUMP AND DUMP syndicates. outlook of the company has been deteriorating even before the pandemic. the management has a hand in destroying the values (1) terribly stubborn on going against the tide of property trend, keep insisting on high-end property instead of switching to affordable, (2) did a rights issue and used part of the proceeds to pay dividend (terrible mistake, cannot fathom why), (3) overexpansion relying on heavy borrowings, (4) oversight in appointing the wrong contractor for twy, these costly mistakes contribute to the terrible predicament today

briefly checked the numbers, cost of business at least 70m a quarter, cash balance 47m, short-term debt 140m, long term debt 300m, debt to equity ratio ~0.50 (high for a small cap) possible to increase borrowing? if not, be prepared for another cash call

unbilled sales dropped from 1b to 495m (unable to replenish sales even before pandemic), twy gdv is about 500m, delayed and only started to progress in the past two quarters, so current unbilled sales is mainly from union and twy. in other words, sales from star residences (main profit generator for the past few quarters) has also ground to a halt. so, mco stopping all construction progress is gonna terribly affect the cash flow and forward pe because there are no revenue from progressive billings.

epf is aggressively selling down property counters because values has emerged in many other sectors, especially blue chips with better recovery prospects
even those property counters sold down by epf has better values than symlife

don't be silly to look at the pb, nta (almost every prop companies trading at historic low nta and pb although they are backed by high assets and NET CASH)
don't be silly to look at eps, pe (it means nothing because it doesn't reflect the future)
look at the cash flow and overhead, and possible means to raise cash (it is bleak for symlife, don't even bother to do a cashflow analysis, waste of time)

buy shares when you don't know how to look at the accounts? facepalm..
look at the short and long term debts, and the cash flow
what do you think of the impact of mco and ban on incoming travelers on cash flow?
even mm2h residents cannot return, how to replenish the unbilled sales for the high end properties?
no construction progress means no cash flow during the mco, cost and overhead remains high, possible to replenish unbilled sales? other prop companies make virtual tours (at least something although it may not work well), symlife? doing nothing?
can the cash covers the cost and overhead for at least one or two quarters? with the bad economic environment post mco, is it possible to generate sales?
if nothing works out, how to raise cash? borrow? private placement? rights issue?
many others asset or cash rich prop companies can easily survive zero revenue, high cost and overhead times, but symlife... difficult!

“Sharks will sell like mad” because some idiots sold and wanna buy back lower, convincing? Be a sport, buy high sell higher if you missed the ticket, don’t spread false news like a scum

Funny, I thought share market is about the forward trend which dictates the price. How come so many ppl here is trying to justify the price using simple linear comparison with previous price? Meaningful? Facepalm..

PUMP AND DUMP detected. look at the debt!!
so many prop companies cash rich and trading below book value, why pick this one with high debt??? beware of cash call

share price 0.585, cash 0.353/share, nav 3.01
shareholding 55% (ku), others (45%)
privatization price at 20% premium 0.70, 45% 0.70 x 1038m x 0.45 = 327m

use 327m to gain 0.353x1038m = 366m cash + all the other assets (malls, lands, properties)
rich becomes richer (instant breakeven with additional 366-327m = 39m pocket money)

not to forget annual profit is more than 200m, so it takes about less than 2 years to get back to cost of 327m