Both bjtoto and magnum also down significantly. I think these could be due to rise in electricity, toll rate hike, transport fair hike etc all will erode consumer spending power, leading to cut discretionary items like NFO to reduce impact.
Bjtoto is not suitable for short term trading since there is not enough volatility in price compared to other speculative stocks. It is more suitable for long term 'Buy & Hold' strategy to collect dividends.
Bjtoto pays dividends every qtr whereas Latitud only once every year.Besides it would be more accurate to compare companies in the same industry i.e Bjtoto vs Magnum,Latitude vs Homeriz or Maybank vs CIMB.
the price hike was because of the share buy back announcement made by BJTOTO.... really kinda sick of this mgmt. If you ever notice, Robin Tan, CEO of TOTO has acquired shares of TOTO at price 3.88 and it was few days ago. I think they purposely pressed the price down for Robin acquisition and share buy back to stabilize the price. kinda sick of this mgmt. sighzzzz
Share buy back 2 lift share price then sell 4 profit. They've been doing this repeatedly 4 long time. Tats way share price howers between 4 - 4.40 There's no hope 4 growth but dividen. 7% deviden, 4 me no complaint.
Bjtoto share is stable now after aggressive support from VT and Robin Tan as well as share buyback. With year end coming, windrow dressing may push up Bjtoto back to 4.20
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....
hng33
20,318 posts
Posted by hng33 > 2013-12-16 12:38 | Report Abuse
Both bjtoto and magnum also down significantly. I think these could be due to rise in electricity, toll rate hike, transport fair hike etc all will erode consumer spending power, leading to cut discretionary items like NFO to reduce impact.