Dont think their main anchor IJMCorp will let their multibillion highway asset company (WCE) with only RM250 million in market cap. So ridiculous undervalues.
Better go up slowly with low volume everyday. Stay away from shark. The price is well supported at 25 cents. Just buy and keep till 1 rm after the completion of highway
Choivo Capital has made a valiant effort and credit to him for putting it out. Critical are his assumptions and that is subjective and only time will bear it out. A brave effort nevertheless
Billionaires tend to be shrewd... So mind boggling for them to lose so much of their investment already and still subscribed to rights issues. Think the answer lies between Choivo assessment and what these big shareholders objectives.
buy still cheap. year 2017 just started building highway price was RM1.10 n today 90% completed is 28sen. In 10 year time fully operational n making profit RM5.Now 10,000 shares worth RM2, 800.00, 10 yrs later RM50k as per LITRAK n PLUS.
To make BIG money have to be patient n wait, I might not live to see it reach RM5 unless the market turn very bullish in 3 years time. I have throw away alot of miss opportunities like citibank @6USD, microsoft @30USD at that time make 20% qiickly ran away but at that time financially not strong n stable to take a long term gamble. Now using SMALL money to make BIG money.
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....
bnmacai
467 posts
Posted by bnmacai > 2020-03-22 22:45 | Report Abuse
Thank you