Petronm has very limited free float, a simple strong buy or sell will move the price a lot
There is no surprise it dropped RM1. 19 yesterday and it can go up RM2. 00 today
Moreover there is a good news to be announced soon which is a strong catalyst to move the price sky high. I trust the management The performance of the company tells everything , see the year to year results . the management is indeed very efficient and doing a good job So I strongly believe the 14B expansion plan that the management said earlier must be a good news. this amount is more than 6 times current worth, so it is reasonable to say the growth it will bring about if not proportionally 6 times then it also can be at least a 3 or 4 times . With this in mind, I would like to repeat what I had said earlier , there is no reason petronm can not be traded at the price of petdag. So my TP remain RM18
KYY: When there is good news, investors rush in to buy the stock until it is overpriced. When there is bad news, shareholders rush to dump their holdings as if there is no more tomorrow.
Ups and downs are normal, moreover the price drops doesnt reflect petronm fundamental value. It is just the case of the fear sentiment.
Soon when investors become rational, the price will be adjusted to its value. I think this is the year to accumulate.
Risk depends on how u assess the particular industry or stock, and it may vary from one another. Some people bought at 8.5 knowing that this is the risk he can bare, some bought at 10, some bought at 7, somehow they surely know that one day the price will likely priced to what it should be and that is when the market is normal again.
Now is just the market overreact. Me myself didnt buy this stock yet, but that doesnt mean i dont believe at this stock, i am waiting for the smart money to flow in and this is my risk i ready to make, and even if its drop when i buy, i prepared for it.
I guess halite did the same too, long term investors must put emotion aside and dont let it affect your judgement. One thing for sure, this company is profitable in a long run.
I am here not making the buy or sell call but heard enough with those who calling this stock will continue to plunge is understatement without clear verification.
Buy Petronm as your wife , keep at home , forget about it buy more when the price is cheap but never chase high with OPM forget the price you first buy expensive you can make it cheap cheap you can make it expensive execute your plan well buy when you should buy sell when you should sell when you have chosen a right stock trading to make money is simple you make it difficult because you want to win the whole world learn the success of the super investor did he bought all the thousand counters stay focus at your most love market is full of uncertainties changing everyday stay undisturbed do not bother about the trade war do not bother about the tussle between BN and PH do not worry the market crash or not crash you still need a safe place to park your money create more wealth to tell yourself you may be old but not senile you are young very pandai some choose the gold some choose properties some choose bank and I CHOOSE PETRONM
I do not feel guilty to tell you Petronm is a good buy now. why? the price is cheap and the prospect is there . if you are not lazy ,the facts and data are there to see you can easily prove me wrong if I am trying to mislead you did I come here to tell stories when the price is high NO! that is the time you are a great sifu not me
Hohup: Honestly i will b worried when people start overpromoting a stock ;) 05/04/2018 13:37
The problem with this counter is not about earning, but low dividend payout ratio. This is also one of the main factors of high volatility of share price. Share price tends to roller coaster when it is 30 times the dividend per share.
If the company announce dividend policy of 50% payout ratio, the price will go up to RM 15 tomorrow. But how is it possible to happen any time?If the company announce dividend policy of 50% payout ratio, the price will go up to RM 15 tomorrow. But how is this possible to happen any time?
u go to SAB forum,a funny guy said he bought SAB at 5++ and hold for his kids to go to university,now SAB down to below 4,then his kids should go to local college only lah....hahaha
hold for life doesn't mean when it is time to say bye bye you do not do it I will say bye bye when it is trading at 18 He must have the kong full to evaluate to know whether his wife still take care of him for the days to come He has no such kong fu
Why I say 18 Possible? Yes!
Dividend policy Expansion plan
Seem contradicting, right Anyone happen is good news
You still have to work harder to see a bigger picture. If not your good intention will do more harms than good.
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....
trulyinvest
2,370 posts
Posted by trulyinvest > 2018-04-05 07:17 | Report Abuse
下跌股:Petron大马RM6支撑
79点看 2018年4月5日
Petron大马(PETRONM,3042,主板工业产品股)日线股价趋势,于4月4日进入一段调整走势,陷入一段短期调整趋势时,跌破8.00令吉后,以7.01令吉报收,按日跌1.19令吉或14.51%,近期料会在6.00至7.00令吉间取得应有的支撑。