PA is preference share and also known as ICPS or son in market share. current price is 0.27 while the mother is 0.585. you can buy mother at 0.27 and top up 0.19 for conversion to mother, which mean ur cost to get mother is only 0.27+0.19 = 0.46...then jual at 0.585 or higher or lower also earn edi, thats y ppl say is instant profit =)
buy PA and keep also can or u wan play PA only also can, not necessary must play mother. and provided if arb is 0.585, PA shud be 0.395 soon, so now 0.275 is consider very cheap. so can cnsider buy pa
seeing that aturmaju continuous 2 quarter profit, and last quarter is rm5.08million earning, mother wont easy drop till that price d, it even possible to hit resistance level stated by hlb which is 0.65 https://klse.i3investor.com/blogs/hleresearch/204722.jsp
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bishibashi
12 posts
Posted by bishibashi > 2019-05-02 10:53 | Report Abuse
very accurate report from rakutentrade, Resistance levels are expected at RM0.60 (R1) and RM0.62 (R2). this morning edi reach 0.605 highest