Operators did not speculate on Warrant so warrant price will not drop but due to speculative buying, that's why forced selling is expected today and tomorrow.. Trade cautiously and don't be greedy to buy at high price..
AT 5 pm market closed, still no buyers interested to buy at 0.165 as tomorrow is again force selling day for desperate sellers to punish them for speculative and greedy behaviour.. AT is a cash rich glove counter with bright earning prospect, it is for genuine long term investors but sorry for the speculative traders, today and tomorrow will be a good lesson to them..
Honestly there is no uptrend on this counter for now. Those holding may consider to cut loss first. While those considering to enter pls switch to another counter.
AT Systematization has no borrowing, its annual glove production 2.6 billions piece annually, its projected profit after tax is RM 150 millions per year. The total issue shares is 4.229 billions shares. Earning per share will be 3.5 sens. Assuming the share will sell at P/E 10, its share price should be RM 0.35, now the share price is 0.17 to 0.18, it is trading at less than P/E 5, which is the lowest among all Glove counters at Bursa. That's why so many people queue to buy at 0.17 or lower.. They all know, AT Glove is a low risks high rewards investment...
No need keep promoting AT for non-sense. It's not late to enter at all if the company had announced the production has commenced and orders is received.
This counter without commencing their production is just a rubbish counter.
Bursa CEO Mr. Umar will crack down on speculative tradings, pump and dump activities by the syndicate group will be investigated and stern actions will be made against the market manipulator... Beware.. Beware.. Beware..
145921_wjy..AT Systematization has no borrowing, its annual glove production 2.6 billions piece annually, its projected profit after tax is RM 150 millions per year. The total issue shares is 4.229 billions shares. Earning per share will be 3.5 sens. Assuming the share will sell at P/E 10, its share price should be RM 0.35, now the share price is 0.16 to 0.175, it is trading at less than P/E 5, which is the lowest among all Glove counters at Bursa. That's why so many people queue to buy at 0.16 or lower.. They all know, AT Glove is a low risks high rewards investment...
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....
sonickid
514 posts
Posted by sonickid > 2021-02-09 15:18 | Report Abuse
Truck coming soon....