Let's face it. The biggest issue with this country right now is covid. What do you think will take priority for next year's budget? HANDLING COVID
Boost for healthcare sectors as well as construction and communication (5G infra).
After announcement, it's very likely for carepls to go beyond RM4. Add that with Biden's to be confirmed victory, can easily reach 4.5. You will be foolish to sell at any price below RM4
Careplus has dropped from RM4.10 in 1 week because of windfall tax rumors and US presidential election. With both out of the way its very possible for Careplus to rebound from RM3.38 to RM4.10 by tomorrow or Monday. thats about 20% upside and with strong QR and record breaking PAT Careplus might test ATH of RM5.83 soon thats almost 80% upside potential
No idea have the 10% p/p being completely issued since the second tranche fix at 3.60 , the first tranche is much lower than 3.60 and if it is not completed yet I think the price will be push up to fetch a better price for the remaining p/p .
@TonalDrump i think construction will be the least to focus on except existing project that has been delayed (MRT, ECRL & HSR)..for sure huge chunk of budget will be focused on healthcare to combat Covid-19..so watch out for vaccine-related counter guys, december will be a very interesting month to start dumping ur money on vaccine counter if u still haven't enter yet..this time around, just like glove, vaccine counter will become a sure business with real profit money coming in, not a speculative roller-coaster anymore)
& glove will still be around..i dun think glove counters will be in the downtrend until end of this year..they might continue uptrending until at-least mid-2021
i do believe careplus needs to release bonus issue as booster to lure in more smart money to move further uptrend..just take a look how strong holding power smart money have been in top glove, supermax & even rubberex
chill..i like this kind of movement..i don't like parabolic uptrend movement with no red candle in between as i know i need to exit asap as the price will make strong & painful retrace afterwards..so let it have some selling in between as long as its still uptrend
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....
ahpooki2
1,267 posts
Posted by ahpooki2 > 2020-11-05 16:18 | Report Abuse
with biden winning and a good budget tomorrow...hopefully all the gloves will be back in action..