Let's put it this way, it's all up to the sharks. This fella has been running on a PE that is almost double the tech sector. Meaning, it's factored in what it will earn in the future. Even if Nov gives a great profit number and a great signing ceremony, it's up to them whether they want to maintain 80PE - all up to them. Not up to us ikan bilis. If you're lucky they'll maintain a high PE, and if you're not, it may linger around these prices or it may go down with the Titanic (but at a much slower pace). Nobody knows what's gonna happen, except for the sharks. In a nutshell, this is purely speculative at this moment until it starts showing consistent, significant profits. In any case, good luck to everyone and I sincerely hope you make great returns !

With the rise in value of the land, maybe they can make 500mil per year? 10sen per share multiply by 15PE? 1.50…20PE? 2.00 bucks ! Simple. Let’s see, now they’re making 50mil - 80mil per year? Just make 6-10 times more after SEZ signed. no problem. Should happen next year. Piece of cake. hahahahaha !

yes, leaning towards an long term upward trajectory due to increasing land value however, with such a lengthy share distribution process recently (after a 4-5x price increase from the bottom), I expect a bit more of a mark down for accumulation purposes, in the short term, before the November excitement (that is, if they're ready to sign by then). Could be wrong though. Good luck

UEMS has all this while hung on to the coattails of the property index. On its own, it wouldn’t have moved up so much, because it is run by incompetent people, I’m afraid. Now that the property index is turning downwards. The time for reckoning is here. It’s 62 sen at 50PE. To put it in context, the great Sunway is only at 29PE.

Its only hope seems to lie on the SEZ play. Wonder how that will play out. Good luck

oversold in the short term...won't be surprised if there is a rebound

property is not dead, but it needs time to take a breather...off to the next sector !

The dancing girls may be stuck at the causeway. No matter, they'll probably appear when Anwar and LSL shakes hands later

won't disagree if you say it may be a top. However, you do yourself injustice by setting such a ridiculous target of 27c? Come on, if you wanna con people to buy cheap, give a more credible number la. Discussions are real in Johor. You can argue that it takes time for the discussions to translate into reality, but come on...27c?

@5354_good question, I wish I could tell you for sure. Just have to pick at support points. Look out for very high volume sell days, indicating panic and hopefully indicating we’re near the low. Wish I have a crystal ball.

@youngman, good info. Unfortunately, I don't think we're close to that point where there's a terrifying TUMBLE yet. For now, they are leaving people with hope. And yes, they will pull it up a little also along the way, for that glimmer of hope.

All part of the correction...most importantly, be there to collect when the sharks are

sharks also need to makan...after distribution (which they thoroughly enjoyed at around 80 and above - where it seemed like it was going to break higher), bring it down to a level where they start eating up ikan bilis again, who are fleeing in terror when they do a terrifying shake out. Then the process starts all over again.

Let the correction take its course. Cheer up, you can take at cheaper prices...isn't that great news?

Not bankruptcy, just a normal correction for a stock that has travelled 300+% in three months. Only question now is, how deep is the correction?

anyway, nobody can tell what the sharks are up to...but do google "double zig zag correction" and judge for yourselves. pray the sharks don't do that !

I have one question, if rr88 is right, who is the SKL?

Everybody caught in the euphoria of the strong run. Now in denial. Don’t wait for the emotion to go to panic.

tomorrow we’ll know whether it’s a dead cat bounce or otherwise

you may find a few ups here and there, but we're not oversold, technically speaking.

Those calling for 0.5 are probably looking for an extreme correction, however, UEMS is in a different environment where fundamentals are very positively on its side, with lots of newsflow on its side in the coming weeks and months.

Therefore, if it falls below 0.775 I would think that it would likely go only towards 0.65-0.66 cents and not towards 0.5. Those investing mid to long term do not have to worry about this correction, because it's normal. They will shake out weak holders. Those who are on contra are the ones that should worry.

Remember, at the end of the day, your money is in the hands of the sharks. It's up to them !

A very good mid to long term counter.

However, may see a correction in the short term, particularly if there is a breach below 81-82 sen.

1) volume has been weakening in the recent price peaks.

2) RSI divergence in the recent peaks.

3) has moved more than 3x in three months. Needs a breather.

4) price struggled to move despite flurry of positive Johor news. Sign of short term weakness.

Could be wrong because it’s up to the sharks. All the best !