then support line is 56 cents with resistance line of 62 cents, if you look at the past 5 trading day, strong support at 59-60 cents, i top up a little bit today at 59.5 cents, happy trading all
ok, you can monitor and do some study 1st, i am looking at EMA 25 & EMA50 both uptrend with RSI of 71, look positive, trade at your own risk. Any other sifu please comment, thanks
Chart 1 is (Revenue, Trade Receivables) VS (Inventories, Trade Payable) Chart 2 is Changes of Inventories, Receivables and Payable Chart 3 is amount converted. E.g. Converted Inventories = (Last Total Inventories + Cash Used in Inventories) - Current Total Inventories.
Chart 3 is interesting. Nov-Jan every year. Vis literally go holiday. Start working Feb to Apr. Peak at May-Jul before slight decline in Aug-Oct. In FY18, QR (Feb-Apr) inventories conversion is highest. They normally converts about 1-2 million worth of inventories in previious QR (Feb-Apr). But this year, they converted about 5 million worth of inventories. And i'm forecasting bigger inventory conversion in May-Aug, FY18 as purchase of inventories is the highest ever. Looking forward to higher increased trade receivables and revenue.
And from last quarter report, there is increase of 50% of revenue from North Asia. And if you guys can figure out how big is the market from North Asia. *Wink.
congrats sincere, i tot u nvr involved in this ctr , i been observing it since last month, planned to buy some but since u out now i worry want to collect onot
RJ87, i agreed with u, looking at the ESOS price at RM 1, i can feel that management confident on their upcoming quarter results. I bought at 38 cents and still holding, as i mentioned early, very strong support at 59.5-60.5, i still believe that now still have some room to further go up
there are other good counter out there. which fundamentally stronger and technically lower risks than this. That's why i am only opportunistic with this counter. It rises to infinity high also doesn't matter. I believe others can outperform than this.
BTW, how you know i wont enter back at 550 and enjoy profit if it hits 1200 ? You don't know what you don't know.
Ahh congrats @sincere_analyst got 45% profit. You must be so patient. I never get that. Already run if i got 10-15% profit. Cant stand the pressure of my heart. If wait longer, i maybe will get heart attack
sincere_analyst...please do enlighten...I will go hv a study on it and share my opinion...
What I'm prompting here is the reason you sell and the reason you buy...
I hv reduced my position to just Dufu, Armada, Lionind and VIS...
DearFion$$$, I hold quite abit since last year. And average down with 0.42 and 0.33. When it dropped further to 0.31, I start to think I might made a mistake somewhere. But nope, last QR is consistent with what i'm anticipated. 2 consecutive good QR and push revenue past 20 million per QR, it won't be trading at RM1.20 anymore. Vis will be doing at PE18 above.
I'm even more excited with next QR result. Stay tuned.
of coz there is reason for me to buy and sell. I do not simply throw a stone for decision. Very sorry, I can't disclose much as this is the tools for me to earn a living to take care of my family.
RJ87, can you share me more info about the PE18 for VIS? as far I understand, for this sector, the PE should be around 15 ++, do you might to share how is the PE18 come from? Appreciate your input
Some counters trade at very high PE, as result of good “growth” prospect. Very high Forward PE. Anticipated future earnings. So, even growth turns out to be true, Pe will slowly drops as earnings materialise. but if the market is willing to trade with previous high PE remains mystery. But, u know what happens with the growth counters that do not materialise their earnings.
I believe in picking counters with what I believe is strong earning trading at PE not too far into future. Low side of this sector is around 10-15, high side is between 20-25. Vitrox Trading at PE 40. That’s 40 years into future if everything remains the same. I think people is doing DCF with the growth rate of 2.5x for next 8 -12 quarters. U can look at how penta grown from 50c to Rm5. That’s why they come to that PE. If I enter at the point 15 years into future and some people wants to buy at 45 years into future, I will be more that happy to sell.
If vis really penetrates and gaining traction in North Asia market, I guess it is more to come. Half of penta’s successful will be enough for me. Market will happily trade 30-40x into future and that’s the time I will sell.
this is what happens when market starts with low volume. Some people will do left hand past right hand and intercept few edgy retailers selling low.
Maybe what I should do every morning is set a buy call at 4% below last done. Then, maybe that could deter/cap selldown to just 2-3%. Anyway, this is what I notice.
This counter is for trading, you always can get low and sell high, i get handsome profit for so many rounds, it won't up fast and let people can earn in contra.
Total inventories and cash used in inventories. I think simple arithematic should be able to determine how much used for this quarter with relative accuracy.
del (tradeReceivable, Revenue) =f( del (tradePayables, inventoriesConversion, turnOver))
I wonder how many here actually bother to read and each section of QR and track how many quarters before it.
And no. workers won’t know about that. CTO n CEO knows. They decide what to buy or why to use. The rest of the workers just use. They won’t know what’s their inventories worth and how much revenue it translates to.
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....
RJ87
5,134 posts
Posted by RJ87 > 2018-07-16 01:08 | Report Abuse
world cup over liao...investor will start focusing on KLSE....