mid last year, they had a boom new market sale. but to keep on having boom, is a Wishlist for all companies not just mmsv. to be able to retain sale, already a gain. its still undervalue comparable to competitor in market share
Go down to 1.20? Not likely! Company CEO, Mr. Sia, has repeatedly provided guidance on lower revenue (10% to 15% lower) and profit for FY2018 as compared to FY2017. However, the share price still stays around this level; meaning price has been discounted.
Apple just posted a very good result last night. With new iPhone coming soon end of this year and next year, 2019 will be another year with good production for MMSV.
Judging by the price and volume action for the past few days, there could be institutional funds buying in. Back on 22/3/2018, Maybank Investment Bank research issued a buy call with target price of RM2.02
Can’t believe stilll no one notice MMSV while other tech stocks are bullish like rocket. MMSV is main market tech stocks with PE 12 only.. Net cash, good dividend, zero debt.
I notice from yesterday trading details that the 1 mil shares sale was done in 2 consecutive transactions at 1.63, without causing any disruption to the market price. The buyer could be a value investor who is optimistic about the company's prospects. Actually, the company had been buying up own shares since early last year from prices below 0.6 up until 1.85 this year. As such, nothing wrong to take some profit on the treasury shares holding. After all, it still got almost 2.2 mil treasury shares on hand.
today only those small fish small prawn trade only, the shares traded in small amount only. if big fund come in, easily rm2~~. and there are not enough shares to sell in the market. total NOSH only 163m
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....
SuperVegetto
238 posts
Posted by SuperVegetto > 2018-07-30 09:19 | Report Abuse
i think only problem for this share is not enough liquidity, the company should do a share split