There are so many such counters in Bursa and mainly I think the top management does not believe in engaging PR on it. Such owners are I think finding an exit roué like taking it private. The lower the price the better. There is not much investor interest in it. If it is not a protected paper biz I think it will go down the drain. Do not be surprised it will be a zero volume counter.
true many companies in bursa appear to keep their price low p/b below 0.4.these owners are v rich towkay n dont need to keep their share prices at normal par.because they sit on gold untill some one want to take their company.in this case asiafile buy in it stock prudently n things seem to remain status quo.dont think asiafile has been appointed as director of muda. any comments please.
Muda Holdings (MUD MK) Technical BUY with +21.2% potential return Last price : RM0.990 Target Price: RM1.11, RM1.20 Support : RM0.935 Stop-loss: RM0.925 BUY with a target price of RM1.20 with a stop loss placed below RM0.925. MUD’s share price has been consistently trading above the steeper trendline after the breakout above the “cloud” on 24 Sep 13. Despite entering the correction phase after peaking at the high of RM0.975, the share price has gradually recovered as the selling pressure was fully absorbed when the share price was hovering within the “cloud” during the 12 Dec 13 to 6 Jan 14 period. We note a genuine breakout above the RM0.975 last Monday, buoyed by a higher trading volume of 1.1m shares (vs 20- day average of 0.2m) on top of the bullish development in the MACD, and a sharp rise in momentum should, in our view, push the share price higher. We peg our target price for the short and medium term at 1.0x and 1.38x Fibonacci Projection, or RM1.11 and RM1.20 respectively.
WOW! Unbelievable. I bought Muda at 35 Cents & Cendbond at 50 cents years back. Cenbond gave a 5 cts (10% dividend) while Muda only gave 2 cts div. Today Muda's Share price now at RM1.69 has overtaken Cenbond at RM1.65!
The baby Muda has now overtaken "taiko" Cenbond!
Someday in future these shares might also be surprises - Dutaland, PM Corp & MUI Berhad.
everytime when it drops, there were a strong buying support back the price, for example, today, people ady cheap sell until 1.52, then suddenly got buying push the price until back to yellow color
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....
lim1954
4 posts
Posted by lim1954 > 2013-05-17 15:37 | Report Abuse
what is happening to this share? NTA 1.82 but market price is only around .80