Actually if you read between the lines, kinda obvious new owners are building sustainable biz n price growth. My senses say this is not a pump n dump counter.
i calculated future earning about RM0.30 per share.. if dividen policy 70% = RM0.20 per share, like putting money in FD with 10% interest.....when share price hit RM2.00
Trading range is between support 1.27 to resistant 1.35.
Strategy- Current price does not justify buying until buying momentum breaks resistant 1.35 with volume. Don't hope for 2.00 price if resistant is not broken.
I recommend beginners guide to support and resistant
The trading channel Please youtube it. This is for friends. If you don't like it, kindly ignore it.
To approve the Proposed Share Split involving a Subdivision of Every 1 Existing Ordinary Share In Hong Seng Consolidated Berhad (formerly known as MSCM Holdings Berhad) ("Hong Seng Share") held on an Entitlement Date to be Determined Later into 2 Hong Seng Shares
Guys, did Hong Seng management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.
Quick poll, do you foresee 5 years down the road to read the news headlines "Hong Seng seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?
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....
SWX1987
75 posts
Posted by SWX1987 > 2021-03-08 09:12 | Report Abuse
hongseng today look like having some strength. Hopefully hongseng will fly to RM2!!!