Many counters sell down ahead of this month q results. Johan results is on end of September. No worry. You should worried counter like Frontken or Ijacobs. Definitely not this counter.
@Esperian any stock or equity in the market will not stay put.The price will move in the cycle-up and down.When you can time the cycle that will be good. 1.This counter is owned by Tan Sri Tan Kay Hock- the George Kent's fame. Politically connected. 2.The company is mainly dealing with the ceramic tiles business. 3.For the past four years the company had been suffering from yearly losses and no dividend had been paid out. 4.Only the last QR1 it recorded a profit of RM 9.127million y-o-y.An improvement of 259%. 5.Technical Price Charts showed that the price was hovering somewhere around 17cents in early 2017 before it ticks upward to about 35 cents in early April 2017- recent high. 6.The major shareholder Tan Sri KH Tan has been amassing and collecting large number of the shares for the past months.
Outcome: Study the chart appended and deduced from there what will be the price in the coming QR2.Most probably the next QR2 will be made somewhere between 11-22 Sept.
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....
newbird77
145 posts
Posted by newbird77 > 2017-08-07 11:11 | Report Abuse
Buy D&O, jangan tak believe, jangan tak beli