1. downtrend TA (weekly and daily), I assume price may go lower 90 cents as long as quarter report yet to release (as buyers fret about company earnings ability). 2. macro isn't good in short-term due to the reduction cost from government project (LRT & MRT). Although company reassures shareholders that these project won't affect its profitability which need time to justify its statement. 3. However, Gkent is fundamentally strong (liquidity, debt control and continue profit from 2007 until today etc). Company focuses on meter and engineering (infrastructure and construction) businesses.
Personally think that infrastructure business is a must to grow country. With Gkent started its (LRT & MRT) construction, these experiences will benefit company expansion in the future!
Knowing that there will be a share buy back end of the day. Why people still want to sell at 94.5 ? Why can't they just hold and sell at higher price. For those who have sold recently, please don't come back since you have no confidence with Gkent. We only want strong holders.
Personal choice up to them. collecting at this price. Cash rich company which involve in Country Infra & tech water meter biz with HW ..what a solid biz.
Cumulative net outstanding treasury shares as at to-date (units) 25,922,900 Adjusted issued capital after cancellation (no. of shares) (units) 563,269,065
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 4.60222
Every day share buy back. Filter and killing all weak share holders. Remaining all strong share holders. Only then can move higher. Let us form a good team. We can do it together.
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....
m_aloha
607 posts
Posted by m_aloha > 2019-11-28 21:13 | Report Abuse
Yes, still hv confident with lrt3 & high order book. Let see coming qr with lrt3 start begin to chip in.