For about 3 weeks, been reading this forum everyday. I'm glad I have stood firm on my initial decision to invest in mTouche and not cut loss unlike those who preach fear.
Despite the test kit project, it is a very small side income for mTouche (no matter approved or not). The core business has potential of growth in securing businesses, not to mention it has established in several other countries and seen growth in revenue in both local and emerging market. This stock lost way too much value considering the big loss in revenue as well as recording losses. I have went through the whole Annual Report and the 2018-2019 loss was because of a disposable of subsidiary which has accounted in losses.
Therefore putting aside of just numbers, looking at the risk-reward and current price tells me there's still quite a way to go. Reminded that retail investor like me are always lagged informed, there must be a reason why the demand is picking up again.
So many penny stocks around , looks like Big operators have created a KLSE casino to replace Genting, MKT.. for punters.....so must be alert. ..as most companies will be showing bad financial qtrs this year...if got profit...take
will hck1981 advise the date of his posting on MTouche, please.
As the first resistance level is @.095, its ok to take some money off the table, rather than to expect it would be going on a roller coaster ride like other current counters . Well, sifus always advise not to chase and not knowing when to take profit.
The one who talk about buy Mtouch on May 5-10.These some of the blog. Michael Kwok 1891 posts Posted by Michael Kwok > May 8, 2020 10:38 AM | Report Abuse X
My Tp retracement 50 percent is 13 cent if 6 cents was the low.Usually tht.If there some positives news will like few million per quarter it will add weightage.
Michael Kwok 1891 posts Posted by Michael Kwok > May 9, 2020 3:52 PM | Report Abuse X
One of the selected not up yet after big downturn from 20 over cent to 6 cents means 70 percents.Feel its around the corner.
Michael Kwok 1891 posts Posted by Michael Kwok > May 9, 2020 9:03 PM | Report Abuse X
A trick to push down the price.So to scare the investor off.After tht cost of pushing up the shares lower(ex previous need 20 million to push up 10 cents;now 15 millions to push up 10 cents)
Michael Kwok 1891 posts Posted by Michael Kwok > May 10, 2020 8:51 PM | Report Abuse X
Agree with justinteoyc. I Bought at 0.09 last month, very frustrated to see the price crash to 0.06 to 0.065 every day until I keep thinking to sell it.But luckily I still hold on to it and now see the sunshine already. Patience is the key! Hoping for rainbow soon!
let share the analysis... 1. super big volume - status good... 2. why it adjust down some to 0.075 from highest 0.085....this due to some player (investment company) now Accumulate more stock to gorenv more up...this is normal as this goreng people also want fo average down the price... 3. Normally, there have 2nd round up....estimated 0.10 target
(3) Financial very good. Have cash on hand 20 million. Small capital company have such big cash is super good. where other small cap company have ?....
(4) Regarding the main MTOUCHE main shareholder 1. KAMARUDIN BIN MERANUN- AIRASIA BOSS 2. KIM ENG SEC PL- international invest company 3. NOMURA PB NOM LTD- international invsst companh 4. BARCLYS BANK PLC- i ternational invest company 5. GLOBAL PRIME PARTNERS LTD- international invest company
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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....
fl888
7,753 posts
Posted by fl888 > 2020-05-13 09:56 | Report Abuse
Hope MOH give just small contract to supply Covid19 items will be good enough