The buying off 2.50 since the huge volume day hasnt taken off aggressively. So not a strong pivot meaning there are headwinds in the stock that make speculators avoid it for the rebound. May rebound but maybe wont be too much and thereafter will take time to recover to 3.00. Just my view. Maybe others can give their views..
Lolz, not to be that nerdy, chart wise this is the lowest since 1998. For growth, this company still have growing revenue despite of it downward profitability. As long this company still provide solid financial report & dividend. It will reacted accordingly. Remember this company hold it's value due to his betting license. More than that, berjaya group also expanded it biz into car license dealership "HR owen". Remember, there will be more & more rich ppl around the world which are the source income toward branded car sales.
Yes the price is the lowest but why has it gone that low in a downtrend over some time in the first place? The profits are definitely an issue but is there more to this steady downtrend?
In terms of growth it cannot be considered real growth la. Look at revenue since 2015. It is virtually flat and ore than that put in the inflationary factor and you dont have any growth. Look at the PBT, PAT, EPS and ROE. All this paint to a gloomy picture going forward. Sure there is profits and dividends but if the issues that caused these declines persists, are we looking at more declines moving forward.
For me, I would need a light at the end of the tunnel to be more convinced, a catalyst of some sorts that will boost revenues, margins, and bottom line. There is the philipines business that is a wildcard so maybe that is a lifeline but their effective stake isnt as big as bjcorp.
Yes, definitely. Basically, originally people buy into this because of the div yield. Since the double digit ROE drop to single digit then the price depreciated along with it. Every business have the high and low depend on the nature of the biz. This same goes to magnum now. Of course we never know how low it gonna be, that y we need to average on each main support and buy low sell high or even cut loss if found default on their reports. For your information, this is 6th continuous drop down for weekly & 10th continuously drop down for monthly respectively. Some said, what go up will go down & vise versa. Chart wise look good, for me I think there should be floor on this. Any how we should cut loss if it break your safety limit which to protect your initial fund. Good luck.
Investors are also afraid that the government may "pasang kaki" this counter with back taxes like Magnum or even Toto's added GST last quarter. They don't like this sort of uncertainty.
This is the price to pay when so much money has gone up in smoke - somebody has to pick up the bill.
In stock market, its matter of taking calculated risk to enjoy potential reward. Willing buyer, willing seller. Next week Q4 result will have answer. cheers
10,000 years from now human beings will still buy Toto n 4D. The management need to act n follow the trends. Already started in Vietlot, why Malaysia going backwards? Or they want to ban gambling in internet, football, horse n dog racings, etc. We cannot shut down in this accelerating n flat world, that are so much connected. We will live in modern caves. All foreigners will run away, even Malaysian will 'cabut'. The ringgits already devalued every year more than 3%, still haven't wake up, still dreaming..!!!
old man prepare more fund here look its hardcore battle here all ammo full reload at all weapon ready to fire all army monitor here today ald man a team is daredevil platoon we will fight roarrrrr
sold 35 lots more share.. old man make the difficult decision after receiving the views of the analysis team it was a painful decision.. old man make mistake this time.. but 6sigma make decision old man have a sop to follow old man fail this time...
old man only have on hand 15000 unit(15 lots) here at per share 2.506 old man feel free if dowm below 2.48 old man adds if up old man hold a bit long old man always gila gila one
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....
SharkTank
1,064 posts
Posted by SharkTank > 2017-06-07 23:09 | Report Abuse
The buying off 2.50 since the huge volume day hasnt taken off aggressively. So not a strong pivot meaning there are headwinds in the stock that make speculators avoid it for the rebound. May rebound but maybe wont be too much and thereafter will take time to recover to 3.00. Just my view. Maybe others can give their views..