Today's marvelous Marubozu candlestick pattern is the most powerful we've ever seen in JHM, whereby it opened at 2.45 (lowest of the day) and closed at 2.71 (highest for the day) with a strong 10.6% gain! Past 5 days' consolidation were nullified in just 1 single day! What makes this even more significant is that this was achieved under a not-so-bullish overall market sentiment (the KLCI lost 7pts today!) with relatively high volume (by JHM's std). This is further sign that stronger hands are collecting for the past few days when there were relatively low volume due to lack of selling interest. JHM always reward its loyal shareholders and bit those disloyal ones! Oooohhhhhhhhh yeahhhhhhhh!
Interestingly today's Stochastic RSI & MACD indicators are showing similar bullish patterns as seen on 24/3, 14/4 & 1/6. Pls go check out to see what happened to JHM's price for those next few days immediately after the above dates.
Owh thanks and nice analysis randomwalk..if i knew this morubozuka candlestick happened, i topup alot yesterday...nevermind, will find any retracement later...go go go...
Retracement? Hahaha! With the strong rebound yesterday after the previous 5 days consolidation, the next consolidation (JHM doesn't do "correction", just consolidation! Haha!) could be some days to come. By then, price could be already at another record high level, hence any probable retracement level could still be higher than today's price! Anyway, this is the optimistic me just saying.......investment decision is purely a personal choice!
Yesterday a young guy told me that he bought 100 big lot of JHM from 80sen level, and he has yet to sold it until today. Seriously, I don't believe it.
My long term TP chasing/replacing MPI, hehehe...my 1st pick long term stock ajinomoto can chase f&n, hopefully my 2nd stock jhm can do it, at least chasing vitrox, ohhh yeahhhh....i wonder jftech PE50, so nevermind, jhm can go with higher PE also...
U.S. factory output fell unexpectedly in May on a broad decline in production, including the manufacturing of cars, casting a shadow over the economy's rebound from sluggishness at the start of the year. http://www.reuters.com/article/us-usa-economy-output-idUSKBN1961P0 U.S. factory output declines for second time in past three months
An analyst says while JHM’s earnings continue to point towards an upward trend, the magnitude of growth does not match the growth seen in its share price.
Ermmmm, so lets hope that gorengism continue until PE 50 and above amigos...if profit can achieve about 10Mil, etc, no need to goreng too much, just a few...
U.S. automobile industry adjusts to lower volume Jun. 27, 2017 9:37 AM • SA Editor Clark Schultz Kelley Blue Book expects U.S. auto sales to fall 3.6% in June to 1.46M units. "With manufacturers continuing to announce production cuts at their plants following weaker consumer demand, it all but solidifies 2017 as a down year," notes KBB analyst Tim Fleming.
Most techstock way to correction coz already appreciated much. Cmpare to Penta, IQG, Unisem, Vitrox, Kesm, i'd prefr JHM. Would hold until Q2 in Aug. If earnings sustain, sure rocket up.
Nice to see a good comment, bring confidence to a newbie here..yes roe superb, just PE look quite high, good result in upcoming qr needed to decrease the PE, hopefully bro...
PE of 26 is only considered high IF you do not consider JHM as a growth stock. For growth stock, we do not evaluate its PE based on past earnings but on expected future earnings. Taking Q1 result as a yardstick for future projection, we could see that JHM's EPS could easily be RM0.04 (based on increased # of shares from bonus), if not for the traditionally high Q1 (50% of annual) Admin Expenses of RM5M! Assuming a conservative earning growth rate of 10% QoQ or 45%YoY, JHM's next 12 mths total EPS would be RM0.20. With a fair valuation of PE = 20, the fair price for JHM would be RM4.00. If JHM can delivery EPS = 0.044 for Q2, then TP=RM4.00 is not a pipedream at all! So, is current price of RM2.7 overpriced? That's the million $ question that each would have to answer yrself! To Buy or To Sell? Make your own decision based on your individual circumstances! Good night folks, sleep well!
Let's take it a step at a time. Show me EPS of >0.044 for Q1, then I'll review my forecast. Obviously, not many people believe it would be going towards RM4, that's why hesitating at the current level of 2.7.....waiting for direction!
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....
Alex
12,594 posts
Posted by Alex > 2017-06-20 12:13 | Report Abuse
urs truly sapu jhm today