Stock price went up for 5 days after they sold, weird. They dispose of their low end product manufacturing business already. They got make stuff for sony too. After doing some research, they are more into mass producing stuff for other companies. kind of like walmart targeting the poor and mid.
They've moved from low end products to mid end since last year, if this trend continues, they will be making more and more money. A growth stock if their plan works.... if. They also sold off their low end division, this can be seen with their higher profit since last quarter.
If things turn out well, it will be a good investment.
@solaris80 I dont know... but that is a lot of shares they are buying... like alot. Anyway, they've discarded their low end manufacturing and moving towards mid end... we'll see the results this coming quarter.
Not sure why you so against them. Anyway, time will tell. Since they completed their upgrading process of selling off their low end business and moved to mid to high end, we will see results in 2021. There got to be a reason why Hong Leong and Kuek are both buying so much... hundreds of millions. Not millions but hundred of millions, they are betting big, so, we should bet small. Nothing to lose.
1 is private money, 1 is GLC. 1 with goal to make more money, 1 with political goal. Again, why are you so mad at MPI? if you are not invested, why care? What is your agenda?
maybe you are an insider and come here to drive down the price?
hmm.... he disable his account after I say he is an insider wanting to push the price down. and hong leong group with kuek family buying big, and EPF too... i guess this is a sign their coming quarter will be amazing.
That guy purposely created false facts, China Suzhou is far away from dam and it is no flood at all..simply want to hamper the share price and collect tickets..
Actually MPI has supplied the SiC Power Modules to Tesla, as Tesla Model 3 sale volume is keep increasing in multiple folds, MPI supposedly to be revalued too.
yeah, i think so too, that guy got bad intention. Just like I dont own TopGlove, no reason for me to go there and bad mouth glove stock.... unless I want it to go down and buy.
A potential hidden gem for long term investment. Kenanga report says MPI secured a new lucrative business from Bosch to manufacture Bosch's Silicon Carbideto for Tesla and to be used in other EV Cars. Which explains why the sudden spike in price as Tan Sri Quek, his family members, and related companies are aggressively buying up MPI shares in the open market. Good luck.
I was wondering why they are so many insider buying. now i know why, only question is, what is the target price. seeing that most of the semi-conductor pe is around 40 and mpi is still at pe20, this means there is a good chance MPI will go to rm30?
tomorrow i buy a little bit to test and see. thanks for the info
Not only Tesla, Bosch also supply to other EV, especially German auto manufacturer. But I think can't expect it to shoot up like glove stock... then it becomes speculative. better slow and steady, win the race type... I was wondering why suddenly july shoot up so much, before that, i was thinking of selling already. lucky never sell.
MPI thought is glove company,following THSK in top 5 losers today. It is proven family kuih is poor in management. Even MPI CEO has no confident in own company by sold his shares in this company.
MPI CEO has no ambitious at all.. Company is lagging behind all the tech company, profit margin never improve, Ya, MPI paid peanuts and get this monkey.
You disabled your account when i asked if you are an insider from mpi or hong leong. You said the same when MPI was RM10+, and then not too long later Tan Sri and family bought billions worth of the stock.
You are trying to bring down the price or discourage people from buying. This means we must buy more
I already bought since RM10. also, why bother coming here if you have nothing to gain? I just follow Tan Sri and Hong Leong group, they bought so much.... not little but so much, almost RM1 billion. They know the results before us (maybe you insider, you know), so they are buying. I follow action, not your empty talk.
I want to save those people still put their hopes in family kuih, see EPF is keep selling. Even CEO has no confident in his own managed company. Tan Sri Lim bought tonnes of Topglove, but how about MPI CEO? Share price will tell.
So, why Tan Sri, HL Group and family bought so much? Can you please explain. I dont want to talk about the CEO. I just want to know why Tan Sri is buying so much.
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....
mf
28,643 posts
Posted by mf > 2020-05-09 02:22 |
Post removed.Why?