or you can see in your etrading platform.. i'm using mplus and after select the stock, just right click and select technical analysis..
RSI - 48%, MACD (26,12) 0.023
There is still a lot of value in this company and dont worry of the sudden downtrend... if you look at it, they are slowly increasing their shares that they owned, so there is confidence that the company have a bright future.. one thing that can create a bull here, if there are keycornerstone investors beside the Lim family.. that will spark interest from more funds and etc..
Another thing to note, interesting trade by Lim's family recently..
Disposed 31/03/2014 1,840,000 at RM 5.500
Acquired 31/03/2014 1,840,000 at RM 5.500
Disposed 01/04/2014 1,846,214 at RM 5.500
Acquired 01/04/2014 1,846,214 at RM 5.500
strange in sense that they are not selling at higher price and then buying at lower price.. so seems they make a loss in brokerage rates and etc.. But there must be a strategy here why they are doing it.. seems like really want to remove contra players and short term players...
this company is one of those which possess economy of scale. top 3 industrial film producer in the world. and with such a low p/e (valuation), it's a bargain at this price. I'll top up when my bullets come in a few weeks time :)
Calvin, thanks for ur recommendation. Temporary I feel more comfortable with Scientex. I have a strong feeling toward it. May look to MP Corp in future after the company show positive earning in coming quarterly result. =)
Is there a chance of any corporate announcement in the offing when the ceo is buying back the shares either acquired or transacted ? Like share split and bonus issues when the price is a bit steep for the normal retail trading?
I have been monitoring this stock for quite sometime. There is a strong resistant at (5.60-- 5.70) in the last two weeks time. I have full confidence when this time, if it happens to rebound it might stay above RM6 mark to reflect it's actual TP price bcos this stock is still under value. Hopefully it can sustain it's current momentum due to the daily low volume it transacted. We need big timer and punter's to thrust it up. Let's be patient! Good potential stock with strong underlying. Worth investing. Have a nice day to everyone in this forum.
the last gap up was from the 5th trending up days , continued gap up until the 10th day , this time around must be able to cross RM 6.00 and approaching its rated TP at 6.60!
There is a lot of potential in this company. Profit for next 2 quarters should be higher based on historical. We have seen the impact of new min salary, resin price and electric tariff hike impacted the margin for manufacturing but what encouraging is that productivity is up with sales... +57% increased in revenue in manufacturing.. which will means profit is not so much impacted but not big growth in profit in upcoming quarter, until their new nano machine which is more OEE effective is used.
Property segment still have good future as they still have the newly acquired last last year in kulai which will have gdv value of around 1.7billion ringgit.
Still lack buying support to push above RM6 mark. Almost nearing.........it hit RM5.97 and drop back. Overall market for past week were nett sellers by foreign funds.
Base on the assumption of long term growth rate of 18%
Scientex intrinsic value is around RM7.2 Upside potential: 24.6%
The new production lines will drive profit higher for this year. Scientex launches in Johor would also contribute greatly. I've already invested 15% of my holdings in this company with great faith :)
In Jan 2014, Lim family has 103,003,967 shares (46.57%) and on 14 April 2014, they have 121,093,969 shares (54.75%).. they bought 17 mil shares on 9 april 2014..
List of funds owning scientex:
DFA Emerging Markets Small Cap -> 301,271 (31 Jan 14) DFA Emerging Markets Core Equity I-> 172,764 (31 Jan 14) JHancock Emerging Markets 69,500 (02/28/2014) DFA Emerging Markets Value I 43,337 (01/31/2014) Glenmede Philadelphia Intl Emg Mkts IV 38,000 (01/31/2014) DFA Emerging Markets Social Core Eq 21,500 (01/31/2014) Cornerstone Advisors Glbl Public Eq Inst 17,300 (02/28/2014) CIMB-Principal Islamic Asset Mgt Sdn Bhd 2,915,500 CIMB Principal Asset Management Berhad 2,630,500 Dimensional Fund Advisors LP 545,452 Kenanga Investors Bhd 471,100
first, you need to check the amount of shares that they buy and amount that they sell. They own majority of the shares, and sometimes they sell back to market some of the shares.. on May, 45,200 units disposed, on 30 april, disposed 100,000 unit, but buy 80,000 units, this are small numbers.. notice also some of the proice sold and buy, are same price.. so he lose money in brokerage and etc.. confidence of owner still there because they have actually inrease their overall shares ownership.
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....
David Goh
28 posts
Posted by David Goh > 2014-04-02 09:52 | Report Abuse
metalmonk, how did you find this info? thanks :)