NanaYip just hold, this is a good counter you can go into the website www.malaysiastock.biz, evey quarter make profit and the company share buy back. Don't listen to other be confident to yourself. I also bought at 1.20 last week.
As predicted, Mon, Tues,Weds there is alot of T3 and support is bad. Will push down the price below 1.10. Collect around 1.01 would be considered safe.
Wow thanks team for keeping the confidence up of Gkent. Gkent is well supported. Looking forward for Budget day and beyond. Price drop is buying opportunity if I do have the money.
We just flow with the water meter company.
Any major big projects tendered and won also will be given to cash rich company. No point giving to company who has the expertise but have to go to bank to borrow money or fund raising when they get the tender because their cash reserve almost depleted and in heavy borrowing.
That why I advocate buy cash rich company with expertise. No worry one. The most if the case is so bad in Malaysia cannot get contract ... APA RISAU ? Can go oversea loh.... like Supermax ..... go other country and get business....
I learned this many years ago from team here in this forum. Two word .... cash flow .... and cash rich..... plus even small profit as long have profit and small borrowing ......don't worry what price .... invest invest invest..... especially market down..... usually with this company above in good economy no way you can get a safety of margin... now Gkent present itself.......
When Malaysia become tiger in few year time ... Gkent no more RM1.10 ....
Never play contra .... I have learned this hard way. that many years back before Bursa introduce Short selling. Contra trade will be make worst with short traders.
Short trading itself is not that bad. It give opportunity for us to profit if we know company is is bad shape ... it ok . This is our world of trading ... and it give opportunity to buy good company at lower price....... but if contra think twice ....... spiral effect is greater ..... 10 x mores if price drop.... Contra you buy hope price go up.... I have never heard on contra trade hope for price to go down.
So we either go short sellers or long trade ( strong holder for cash holder) .
Since 509 PH Took over, Stock market have been continue going down. We voted for PH, we all suffer. How many think that LGE is a good Finance Minister ? No to me.
My average at 1.25 but still stay calm predicted economy crisis is front of us, should hold share like Gkent which at least secure in next 3 years. Same as 97 crisis, construction will collapsed than finance further down to all. If i go in to Maybank or CIMB now, i very sure the margin of downside is huge.
With trade war between China and US, US is facing economy pressure, and China is facing property burble. The same as 97 crisis, our PM is the same man, so don't expect too high, as above mentioned, 97 construction collapsed than fianance further to all, the time forex to USD dropped to 5:1 and today 4.16 : 1. Therefore counter like Gkent can hold but not contra
Gkent should go back to where they do best. Water meter. That is something they can control their niche kind of like monopoly in Malaysia. Have you heard of another water meter company in Malaysia and sprear to other market. SOMETHING THEY CAN CONTROL. Construction at mercy of world economic event and government policy. Be the best water meter on the world like IHH , HARTA
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....
NanaYip
5 posts
Posted by NanaYip > 2018-10-23 10:58 | Report Abuse
@ZhanLang hahaha.. takut takut. U buy at what price?