Was working out with some my team analysis that GKENT target before LCT3 project should be +/- RM1.80 which explained why share buyback was initiate aggressively especially the last few days. FYI GKent, dividend yield is close to 9%, P/E of 5.6 and PEG of just 0.40. - in short, you are buying a Mercedes at 60% discount. Now that LRT3 project is back on, it should be trending towards RM2.30 during the next few weeks. And no, momentum force trend line says its not going down anymore. So those who missed the RM1.30 mark, not to late to buy now. All the best.
If you think gkent is going to be kicked out, please short gkent and sell your ticket to us? remaining 50mil company share buy back will absorb all your ticket thanks
12/7 volume 788105 lot 13/7 10:30am (just open market for an hour ++ only ) 522158 lot very strong support , Gkent will rise , continue rise support is strong , predict those take profits earlier will buy back soon.
when the share price go up, automatically alot of research and investment bank analysis coming out with REVISED TP but when the price going down they will lower down the TP. The same show running over and over again, beware don't chase high unless you intend to hold and have confident on the company future prospect
If you read my earlier thread, my target price is RM2.30. However u can take Kenanga's price range because it is pretty accurate. Anyway, I am happy some of u made money :)
original basic cost = 9b with 6% pdp fees with VO claim. now after restructure with 4 years extension time of the project. total cost without VO = 16.63b with also 6% pdp fees. ok la...
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
20,492 posts
Posted by hng33 > 2018-07-13 09:36 | Report Abuse
Sell on strength 1.46