because when i buy it's to target next year. I didnt have much expectation for this year's result, the director has already earlier predicted this year result gonna be flat against 2014. check out the star online in June and July.
tomorrow morning will surely drop ,whether is there a need to sell tomorrow it really depends on individuals, for those who dont have strong heart to hold, you may sell first. but it doesnt mean it will drop further after you sell. it may rise when people realize the stock is oversold/undervalued. then you will realize losses and miss the boat to recover losses.
many good interesting comments above - yeah agree with Techplay about director selling right before poor results announced - poor management on it's part :( this cheh kai should be fired LOL As for the results kinda expected as like spear mentioned Mr Sia did say that this year is gonna be flat n looking thru it's report it's basically what was said in The Star. Lucky got the substantial gains on USD otherwise really cham lo LOL No longer significantly undervalued but still with it's small cash increased n basically debt free n looking at next year prospect which is supposed to be better still worth to keep - for me. For those who are familiar with the price movement the last few quarters even after better corresponding results the shares went down instead n now with poor results compared to last year's this one likely at least in the opening will probably drop - just hope not much and I can still have at least roti khosong LOL
now it's time to sell i think this round it will take longer time to recover already. because there is a change in fundamental. A drop in earning is directly affecting the valuation of the stock, if we retail dont sell, the funds will sell..
it's possible, while there is a sharp drop in the profit while everyone expects it to rise, a huge gap in expectation. and i'm sure there will be people who just realised about the result today and maybe late afternoon, They will continue to sell throughout the day..
the revenue contributed from malaysia dropped sharply, i must have something to do with local economy. malaysian revenue was 50% last year. imagine malaysian economy slowdown impact on the company.
6:16PM MMSV Nine-month net profit 7.393 million (decreased 15.33%) 5:21PM MMSV DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) 5:20PM MMSV CHONG CHEE HONG (100,000 units Disposed)
Friday, 20 Nov 2015
5:13PM MMSV SIM GOAY HOON (35,000 units Disposed) 5:13PM MMSV GOH KIM HOCK (35,000 units Disposed) 5:13PM MMSV GOH KIM HOCK (35,000 units Disposed)
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spear
316 posts
Posted by spear > 2015-11-24 19:47 | Report Abuse
because when i buy it's to target next year. I didnt have much expectation for this year's result, the director has already earlier predicted this year result gonna be flat against 2014. check out the star online in June and July.