WHAT HAS PUSHED BAT SHARE PRICE TO RM15 PLUS FROM RM11 OVER A FEW DAYS ?
Factors of pushing BAT share price up very strongly have been due to :-
Foreign funds mainly like collecting shares in very strong fundamental counters like BAT in bull run furthermore it is undervalued.
Why BAT has been undervalued to about RM 10.00 for a year but less investors like to collect for investment over very strong fundamental BAT like Oligopoly business, extreme high dividend policy like Nestle and good governance mgt? The Answer is it was mainly due to high illegal cigarette issue, US - China trade war and very weak market sentiment over COVID-19.
WHY NOW, It’s share price has been on up trend and who MAINLY keep buying the shares ..... ? ;
Foreign funds, Local funds, big players or such as unorganised retail investors with normal emotions ?
Answer: There have mainly been very likely foreign funds buying the shares, pushing its share price likely hit RM20.00 for a few months following the factors I mentioned.
This stock is a long term gem. However, there are gamblers every where in bursa so not surprising many throw after making money this past 2 weeks. Sad case this bursa but it is for all sectors especially gloves
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....
MOBAjobg
329 posts
Posted by MOBAjobg > 2020-12-08 09:45 | Report Abuse
My paper (floating or unrealised) profit is more than rm160k and am still holding all the shares of this company that I'd bought in September.