Hopefully won’t be that low la, at rm5 that means forward PE will be 5.6 and yield 10%, market won’t be so blinded. By the way today volume picking up.
Last year, the market witnessed the growth of motor scooters. With the average income of the Vietnamese people increasing, they chose motor scooters rather than manual transmission motorcycles. For example, Yamaha Vietnam sold 177,025 motor scooters last year, up 15 per cent compared with 2016, occupying 11.3 per cent of the market share for motor scooters.
HLI at RM8.50 or market cap of RM2.67b, estimated cash balance of RM1.1b by FYE, is value for money. Vietnma's biz appears ok, but last quarter dropped a bit. Info not available. At historical low.
@ limkokthye- Bro ada bola sama2 buy la. No need to keep saying “keong kan” here and there la. We retailer must share good info Mah. After all, this is not a speculative stock. Hahaha @ sosfinance - thanks for the info sharing.
personally think that it is not ripe yet to bite, expecting more unloading by the shariah funds. Big absorption at rm8.50 (31st Dec), but yet to tell if there will be continued buying.
if one is to observe the closing price of the counter carefully, one will see that there is a deliberate attempt to push down the price at the very last minute. Two weeks ago when price was well above 9.00 they pushed down price to close at 8.88 at the very last minute. Yesterday at last minute they pushed down the price to 8.90. It is not done for fun but with a purpose. Some parties want the price to remain very low. Why? Your guess is as good as mine.
I am wondering why company is not buying back its shares from the open market at this low price. The PE is now at around 8 to 8.5. Most companies will buy back its shares from the market if the price dropped too fast while its fundamentals remain strong. This is more so when the company is loaded with cash. Can some smart guy give an explanation to that.
HLIND became non-syariah compliance recently, This forced Syariah fund to sell regardless of fundamental. Wondering how Syariah is going to outperformed conventional in EPF with this kind of investment principle. Due to its low trade volume, they have to do a control selling otherwise the price will drop to a very low level. Thus you can notice the price up and down at range bound. Up when selling halted/slow down, down when they resume normal selling again. It will remain like this until they fully disposed it.
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....
Lioncity
293 posts
Posted by Lioncity > 2018-12-24 19:20 | Report Abuse
Today’s closing sell queue has 266,200 share waiting to release. Very high probability is shariah stock. Too bad until last minute no taker.