you can buy now to average but like PPmaster said, wait for a long time (expecting to be more than 1 year; which you can make money from other trades)... TAYOR!

you buy low, it go lower.. already experienced this in the past months. stay away from this counter until it is uptrend (more than 15c).

will be similar to others (XOX and KGroup), 2c...

yeah, sell and move on..

trap?

Snowpiecer, meaning? It is within MID 70 INDEX

@Moneymaker, you have a point. But my thoughts are, the company has a strong balance sheet now and the glove demand will be there (in a decreasing manner) for the next 3-4 years. Yes, previous market condition=previous players=previous asp=previous cash flow/profit=previous share price. Right now, this big 4 had durian runtuh and if not mistaken this counter has given out approx. RM 900m in dividend for RM 3.5b profit. Note: before covid, it will take them 30yrs to achieve the same profit amount in a year. So, with this additional cash in hand, investment activities will be carried out. This generates more EPS. so EPS wont be same like before. NTA wont be same like before. Dividend all varies. If you are running a company, and you have accumulated massive profit in 1 year, what will you do? Buy back shares and give good dividend is one way to get the cash back, To buy shares, cheaper share price in the market is easiest way.. TAYOR

The analyst cited by Edge from KAF is in this industry for 5 years. Check his linkedin. He is suggesting to the edge and public that the price target to be RM 1 and having a sell call. We know that he would advise the same to his team and other colleagues before it reach to the public. Assuming public/retailers takes Edge seriously and go after it, with other pushes from other sectors, of course it will reach RM 1 in 2 weeks trading.

demand for gloves will be there but it wont be as those days with limited manufacturers and huge backlogs.. TAYOR..

the downtrend will return to uptrend. EPS expected to be lower as each quarter goes, right now it is around EPS 80c per year. This will go down to EPS 40-30c per year, and with PE ratio of 10x (market standard before pandemic), it will come back to RM 4 - RM3. Assuming a 50% discount, it will come back to RM 2.00. Going back to 60c is a tough call unless it is being forced sell by the market manipulators to get their money back and of course those shorties. Note: Supermx announced 10% share buy back.. Right now, the company has a strong balance sheet (all glove counters are the same) and NTA of supermx expected to reach to RM 2 with EPS to be around 20c when the QR report is being announced (within this coming weeks). Yes price will drop etc, but it wont reach back to RM 8 or 10 like 1 year ago. However, expect to get some good return in terms of divident in a long run. EPS will drop further in the next quarter results since this USA ban issues but will return back to usual level like their peers after that. TAYOR!

https://twitter.com/Khairykj/status/1450979549685059585/photo/1

https://twitter.com/Khairykj/status/1450979549685059585/photo/1

https://www.thestar.com.my/news/nation/2021/10/21/covid-19-hospital-admissions-rising-in-klang-valley-sarawak-says-kj

just sharing about EPF - I can be wrong though
They buy and sell within the same counter on frequent basis. See, everyday they have to cash out to have cash in their portfolio and use it to buy other attractive counters. At the same time, they receive money from depositors and they use this money to buy back from the same counter or use it on other counter. The time you must be very cautious about EPF is when they do straight selling on huge volume across the days. Check out SerbaDK shareholding EPF status https://klse.i3investor.com/servlets/stk/annchsh/5279.jsp

don't blindly follow EPF

By Tuesday, we will know traders plan.. prepare CL & TP..

attract retail investors with large trade volume & +ve vibes, eventually only to go down south (RM2.3)?

read between the lines of the company quarter results. the revenue/sales dropped during the 1st half dropped due to lower exchange of USD-MYR and lower production yield. dive into the details, the 3rd Q results actually better and having a gross profit of 8m. Of course there is other operating expenses (provision for RBA Code of Conduct) which pulled the figures down. As you check each Quarter reports, the General admin cost is decreasing over the quarters. We can't compare to last year, because this year, so many times the employees need to covid checks etc and all these add into the cost. in the recent quarter results, the admin cost is almost the same as last year.. can foresee a better results in the coming quarter with all economic sector opening, positive covid vaccination, stronger USD.. The share price should hit again 40c soon - to its NTA value.. TAYOR!

@whistlebower99 please check out my comment on your recent blog..
You do have a point and assuming the share private placement has been completed (at 25c before share split) and warrants has been sold (at 11c each), their cost price now would be around 6c-7c. But disposing 106m or after split, 212m shares to public wouldn't be easy and it make sense the price was raised to 80c before it came down all the way at 8c and lower now. But my query is that XOX parent share has not been sold off yet and their avg price is at 15c.
So will XOX record a sale as a paper loss but they gain money from this private share placement via their 3rd party machine (assuming here), or will this private share placement team push the price again once more to have XOX release their shareholding (92m shares) and compensate their gains with this short losses or are they actually in accumulation mode due to the Techninier dealing which is still in review stage after 6 months (highly likely not to happen - doesn't make sense why it takes so long when Techninier doing well with esukan gg etc.)..
Furthermore, somewhere in early June, 100m shares were traded when average shares trade was around 9m .. so it tells that they still have a sum that has not been disposed yet.. your views please, thanks.

@
whistlebower99 please check my comment in your recent blog.. thanks.

so whistlebower99, let's take Macpie stock as an example.
I see that XOX holding shares at approx. 15c (approx. 10% share holding) (after warrant sale) and about 50% of the shares are being hold by the major share holders (last year NOV AGM approvals).
So do you think XOX will sell their stake at lost (now 6c)? If not, it is time-based game for a rebound, am I correct? All this based on the assumption that they will not be entering the deal with Techninier... If they are entering the deal, it will be a game changer as the current trend would be for accumulating shares..

wait for next year turn? weak sentiment across board

let's give another 2 months..

check out the recent video...
https://www.facebook.com/techninier/?hc_ref=ARSA3_TVgwGw12UZlaRx1Ti4CkAYN4mX1cSnW6zc62PokJaoRklSoFoUbaUEeyqmXwQ&fref=nf&__tn__=kC-R

Esports has risen in popularity & gaining more presence in recent years especially in the younger generations where they are being more likely to engage in esports rather than traditional sports. It is anticipated that global esports revenues will grow to $1,084 million in 2021, a year-on-year growth of 14.5%. “It can be seen that Esports is a growing industry with the recent news on the involvement of Esports in SEA Games. We hope that Axiata Game Hero can be the platform to help propel the growth of this industry. Our vision is to be a platform that connects & bring people closer together regardless of differences based on their shared love of gaming.” said Dato’ Lion Peh, CEO of Techninier.

https://yourdigitalwall.com/2021/06/02/a-new-hope-for-axiata-game-hero-with-pubg/

looks like big trap.. attract newcomers at 7.5c but later go down further south...

wait at 6c..

i feel macpie has some potential because of recent parties involvement and online event managing (big/growing industry). let's see how this counter turns out in the next few months..

good advice..

so, should we buy/top-up at 8c or wait for 7c.. any advice? Or wait at 6c?

just wait for another 3-4 weeks for Q1 report and see how the company performs..

today drop to 8c.. wait and see..

bbye macpie

The question, aside to the T+3 days rule, why would operator do this, left & right hand? It seems like they are either attracting traders to come in, OR , pass to another party to take over the holdings.. The latter means private placement, news, rebound etc, should be good move to all. Otherwise, it just a trap and downtrend.

so what's the motive by operator to increase the volume & shuffle the prices back to 8c/8.5c, is it to attract more people to trap at this price level so that operator can exit, or is it a new beginning before reaching another re-bound? hmm...

The jump start of this counter only will happen if Macpie get the deal arranged with Techninier.. Otherwise, it will continue downtrend..


// 1m users is a big market
https://www.einnews.com/pr_news/536020153/impact-integrated-collaborated-with-techninier-to-develop-the-1st-state-of-the-art-national-esports-platform
Aspire to achieve 1 million registered users by 2022

KUALA LUMPUR, FEDERAL TERRITORY, MALAYSIA, February 28, 2021 /EINPresswire.com/ -- Impact Integrated and Techninier Sdn. Bhd. have signed an agreement for the development and management of Esukan.gg (a National Esports Tournament platform). The eSports platform allows Malaysians to participate, watch and organise eSports tournaments anywhere at any time.

The signing of the agreement was witnessed by the Minister of Youth and Sports, Yang Berhormat Dato’ Sri Reezal Merican Naina Merican.

Esukan.gg is the National Esports Tournament platform developed for Esports Integrated Initiative (ESI), an initiative to create a vibrant, sustainable, and inclusive eSports ecosystem powered by Impact Integrated, under the purview of the Ministry of Youth and Sports. The platform is being progressively developed by Techninier, a leading software and mobile game development company in Malaysia. As a proud partner of this project, Techninier believes Esukan.gg will greatly benefit the Malaysian eSports community by fostering collaborations among various industry stakeholders, government agencies, and enthusiasts to provide a comprehensive foundation for the local gaming and eSports ecosystem.

"We appreciate the opportunity and trust given by The Ministry of Youth and Sports (KBS) and Impact Integrated to develop Esukan.gg. as Malaysia’s most comprehensive esports platform. Following the discussion with the Ministry of Youth and Sports, we acknowledged that the government is highly supportive of the eSports industry which can potentially contribute significantly to Malaysia’s economy. We are grateful and honored to be able to contribute towards the growth and development of National eSports development strategies. We aspire to achieve 1 million unique registered users by 2022," said Dato’ Lion Peh, CEO of Techninier.

Whether you are a gamer or an event organiser, Esukan.gg is opened for registration to all Malaysians aged 13 and above. Upon registration, users are able to join the available tournaments as a team or create a tournament as an event organiser.

Esukan.gg was introduced back in November 2020 and has become the official platform for the inaugural Malaysia Esports Championship which hosted over 11,000 participants gaining over 1 million views. Prior to its official launch, Esukan.gg has successfully obtained approximately 20,000 registered users. The platform will progressively introduce new features across four development phases. In year 2021, Esukan.gg targets to host over 20 eSports tournaments covering mobile, PCs and console and hitting the 500,000 registered users’ milestone.
//

Operator just changed about 30m-50m shares on their hand.. Buying another T+3 days..

Price is going to dip to 7.5c... beware..

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

if your average share price is less than 10c, you are safe. Most likely operator had it around 8 to 10c, but they have made up their profits in the recent months by selling high. Looks like they will maintain 7c-10c range for next few months until reach their target.
Just an assumption based on what's going on..

Just my view;
During 3Q-4Q 2020
Shares were trading all time high (Avg) 45c from low of 10-15c..
Note: There has been multiple changes in the company (acquisition etc) and business development into e-sports. Last Q2020 had lower losses compared to earlier Q's.
During Q1-2021
Shares went to all time high of 70c (before share split and Wa issuance)
So, assuming you have bought at 25c (low peak time last 3Q last year), and still maintain the same shareholding, you will now have 2Shares+1 Wa at price of 20c (based on 10c per share) + 4 c for Wa = 24c (Note; you are already losing on the Wa share because it is 16c to convert [exercise price]). So, you are kind of breakeven stage now. If you are having mother share lower than 25c (before Q4 2020), you are not losing at all.
So, if anyone buy now at 10c, you are going back in time to Sept last year price level, which might be a good bargain for new traders.
I think this stock require holding power. Going back to 40c from current 10c is a question mark, or might not happen at all after all the sell off by the market/traders (loss of confidence/burnt pocket), and it may even go down south to 5c (If not mistaken, NTA is 11c last QR). In the last 6 months, the share price moved twice to all time high. No one knows the future, but looking at the future of E-sports etc, this company might hold a future as long they are committed in their works.
Trade at your own risk

Oversold condition.. Correction to come in soon..

with the trend, chart is weak & oversold. No boost from the recent news & +ve quarter. Downtrend.

looks like it..

Yes, before end of this month, likely to be within this week.

GHL PE 126. Revenue PE 67 (almost half). Same industry.
If Revenue PE is around 90, expect share price to be around RM1.7

5% up/1.35 boleh today?

yes, expecting better results with high EPS this quarter. The trend is the same.

accumulate more now..

target for next week (+8% with TP 1.35). expecting +QR results +news +ventures, expecting a rebound with continuous trend..

oversold condition.. will rebound pretty soon to a higher TP..