Nov 6th : Vivocom Morning Session closed RM1.04 volume 123.9M.
What a roller coaster exciting ride it was indeed this morning. I would even say spectacularly impressive and breathtaking. Here’s why:-
1) Open gap up 8 price levels, but seller came in around RM1.16-RM1.17 and form a trading range in between RM1.07-RM1.19. 2) Price slipped below 15 min support level at RM1.07, which is an indication of upswing momentum temporary slowdown and we enter in small correction phase (wave 4). 3) Immediate support found at RM0.89, which is exactly at Elliott (wave 4) support level. 4) Panic selling by weak holder is overdone. 5) A short period of consolidation should occur. 6) A breakout will signal the end of Wave 4.
This was classic bear raid with savvy traders creating panic selling so that they can collect as many shares as possible before the next MASSIVE UPSWING! Savvy players love such phenomena as they are well poised to capitalise on the panic selling n collect sufficient ammunition to profit from the next upswing and potentially a powerful and imminent LIMIT UP.
Hence I foresee the following :-
7) Resumption of wave 5 uptrend soon. 8) Immediate term target price wave 5 will be RM1.35-RM1.50.
In the Budget only BAT cigarette received massive upside potential on Monday. Budget introduce 5 ways to Kill illegal Cigs, BAT's revenue will leap rapidly. BAT price drop from RM75 to RM10 (now). BAT has only 80mil free float after removing Mother & 30 major holders, Doubling to RM20 is very easy
Superb good news from budget 2021 for the property sector !
购阁直房屋及首购族购50万房产免印花税 https://www.sinchew.com.my/content/content_2372213.html 1)革免个人的产业盈利税, 有效期限从2020年6月1日至2021年12月31日, 每个人限售3个住宅单位. The exemption for personal or individuals on property gain tax(RPGT), valid from June 1, 2020 to December 31, 2021, each person is limited to the sale of 3 residential units.
2)The RM500,000 or below starter homes likely to boom Buyers for first homes priced below RM500,000 will get FULL STAMP DUTY exemption on Memorandum of Transfer (MOT) and loan agreement. This is effective for agreements inked from January 2021 all the way to December 2025. If this is not attracting first time home buyers to buy, I am not sure what else would.
3)Rent-To-Own scheme for FIRST-TIME home buyers only Government to cooperate with selected financial institutions to provide a Rent-to-Own scheme. This programme will be implemented until 2022 involving 5,000 PR1MA houses with a total value of more than RM1 billion and reserved for first-time homebuyers. This is a SUPER important measure in my opinion. Many may want to buy a home but may not yet have enough downpayment. With this scheme, the buyer can start to become more responsible and may have a chance to own a home a few years down the road.
4)Stamp Duty exemption on stamp duty exemption on loan agreements and transfers given to rescue contractors and original buyers of abandoned houses This has been extended for another five years. Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz said, “This exemption is for the sale and purchase agreement completed from Jan 1, 2021 until Dec 31, 2025 for abandoned housing projects approved by the Ministry of Housing and Local Government.”
5)New homes under People’s Housing Programme and Rumah Mesra Rakyat RM1.2 billion will be provided to build up to 14,000 houses under the People’s Housing Programme and RM315 million to build 3,000 units of Rumah Mesra Rakyat by Syarikat Perumahan Negara Berhad (SPNB).
There are 5 things mentioned above on Budget 2021 for property market. Actually, the above is to stimulate the property market and it is mostly targeted at first time home buyers which will be a very big group. By the way, majority of buyers are buying RM500,000 priced homes or lower and not homes priced above RM500,000. Thus, if the property market moves, this will create a lot of positive stimulus effects to the construction industry too. In other words, these 5 things done right will create more than 5 benefits listed above. Happy thinking about it, seriously. (I meant first-time home buyers) !
And superb good news from budget 2021 for the construction sector ! https://www.thestar.com.my/business/business-news/2020/11/07/mrt-3-and-hsr-making-a-comeback MRT 3 and HSR making a comeback CONSTRUCTION Saturday, 07 Nov 2020 By INTAN FARHANA ZAINUL The government is reviving the multi-billion ringgit Mass Rapid Transit Line 3 (MRT 3) under the Budget 2021 that will be a boom for construction companies.......
2021 Budget: Government to proceed with HSR project By New Straits Times - November 6, 2020 @ 8:20pm https://www.nst.com.my/news/nation/2020/11/638836/2021-budget-government-proceed-hsr-project KUALA LUMPUR: The government will proceed with the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in tabling the 2021 Budget in the Dewan Rakyat today, however said the implementation of the project was subject to discussions with Singapore. "The government will continue the HSR project as this project is expected to generate a positive multiplier effect to the country's economy," he said.
Let's go over some biography of the Chia brothers: Chia Kok Chin - founder of I-Power / Instacom before it change name to Vivocom Chia Kok Teong - owner of V-development Chia Kok Seng - founder of Neata Aluminium
Based on above, seems like HOA1 is just another left to right between the brothers. Doesn't look like a genuine business deal, more like insider moves involving family ties.
Nothing is proven based on above. Lazy to do further research and analysis since don't own this anymore.
But based on circumstantial data, the picture/puzzle is getting clearer. It may shoot to RM2 and above for all I care, but will never touch such quiet, vicious, cunning and extremely tricky predator.
By Jonathan Martin and Alexander Burns * Nov. 7, 2020 Updated 12:48 p.m. ET
Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.
Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House. Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century. The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president. With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
Nothing is offer to Vivo in 2021 Budget....most likely drop on Monday and Tuesday And a last Surge Mid-week ( this is the best surge stock End 2020 ) New found goreng candidate found--- BAT cigarette. High 75 and now lowest 10, Budget 2021 will help BAT to recapture its lost market share from illegal Cigs.....The moment BAT move up, just jump in ( wait for it to move first )
frankly, i had pickup a lot of this share. Refer to background and potential of its company coming trend. Hold, it would dropped too much and set your own cut lost price. I bought at 1.16, 1.12, 0.996, 1.00. No worry, i dont in plan to sell before 1.50. At least 1.50. Malaysia will grow construction and their project will remain on going. Vaccine is coming, market up trend sector will change. Glove, Healthcare, IT, Vaccine, blue chip and what .... consider about next counter and not earlier which already up up up a lot. My personal opinion. Of course, there are plenty on the way up share ..specially IT sector. Go for it, quick return and fast money.
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....
rr88
6,532 posts
Posted by rr88 > 2020-11-06 15:11 | Report Abuse
Sell first. I will not hold. RSI is too high.