Tingu, the announcement of quarterly report will be released at the end of month. Just be patient. I mistook tomorrow is trading day. Since tomorrow is haji raya haji, the report is expected to be released 29 of October. Then, the UTOPIA week will start rolling for a week.
Last NTA = 13c. Should this qtr is substantial profit, NTA will increase. This mean the current share price at 7.5c is very much undervalued. Right? Come on CBL. U can do it.
Most important is EPS that determine their PE ratio. Then we can knw whether their current market price is undervalue or not. Let see how CBL biggest son exam result this mth.
Till yesterday closing, stock price performance of this counter in October 2012 is between 0.07 to 0.085 sen & yesterday 1 Utopia was flat at 0.075 sen. Refer to past 2 year stock history record the highest single day stock closing earnling was 0.02 sen on 06/12/11 with huge shares trading volume 1600530.... Wow! over a millions.... View from thus past result, advise dont put too high hope on next week market trade, even though the 3rd QTR Utopia finance result will announce soon.Unless the miracle happen on Utopia like this week which happen on Tiger counter! Hopefully Willian88 is right,the miracle will happen, next week is Utopia day.....Cheers.....
Tgk8218: Your analysis seems making sense but bear in mind that market efficiency hypothesis is not always applicable to penny stock counter. Trading penny stock is as simple as just following the market sentiment. Technical and fundamental analysis will no do. If the earning per share is out of expectation high, then the price must surge as it is comparably cheaper than other counters on main board. Soon, speculators will flow in their liquidity to this counter and boost it up....believe it or not, depend on you. To me, 0.075 is considerably low. UTOPIA has tried its best to squeeze down the loss per share so as to fulfill the requirement of listing on main board. This is what have been done by the senior management to rejuvenate the UTOPIA. Just leave aside whether the fundamental is sound or not. It seems hardly that UTOPIA will plunge further below 0.07-0.075 or else the company is liquidated like ASIAEP.
Woh Sjsoon let hope the miracle will happen. CBL is working hard to create the synergy btw Utopia&Ingenco. His mission is to transfer both to main board in 2yrs time. That's why im currently holding both of ths shares. Let pray hard. Hehe
This is all about manipulation I can say, ever since the price is low. For those who has deep pocket will take advantage of it. Sharks want to collect at much lower price to increase their portfolio. The TA is used to create psychology emotion to pull supporter into the game. Smart small player will have to just follow the wave and escape fast enuf when before it drop onto your toes. :)
Just try to collect it low, for me 7 cent and 7.5cent is a comfortable entry. I won't surprise if it drop to 5 cents, as it happens last year once. Just enter at a comfortable amount and wait. :)
Haha Utopia im also waiting patiently for Ingenco to drop to 0.05 but it seems someone is maintaining its price at 0.09(my lowest entry is 0.04 last yr). Same goes to Utopia huge support at 0.07 now
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....
rich kueh
1,419 posts
Posted by rich kueh > 2012-10-25 09:21 | Report Abuse
Ledzepp = haha ZZZZZZZZZZ