This fella is a really occasional performer! Last big moves UP were in 2011 & 2014. Reminds me of my latest Tokyo-listed purchase Daiwa Heavy: went up significantly (but briefly) in 2013 & 2017 & then mostly flatlined for the last few years. Been stalking it almost since I started in Japan, but baulked from the BUY trigger since it wasn't a Ben Graham stock....until I saw the first 'high' volume signal on Aug 10th that I instinctively felt (but could not know for sure) was the beginning of the next move up. KSL gave a similar signal of breakout readiness on 8th Aug after a parallel 18-month consolidation pattern but I bought it several weeks prior in readiness for an anticipated breakout.
On Fri, Daiwa Heavy was one of ONLY TWO Japanese counters to LIMIT UP out of 5,400 stocks+ listed in Tokyo, even as the Nikkei plunged 663 points!😃
Got good support even keep selling at RM1.06 & below. In terms of earning should be fantastic due to proven record in earning Singaporean money in JB and got a lot of lands in JB and its nearby area. Also, KSL MALL in Klang starts earning money. Only shortcoming is no dividend for investors since 2015.
KSL is like playing monopoly game, earn profit and use it to buy more lands and repeat cycle. It has keep rolling the ball bigger and bigger. that is why, now their quarter report is so fanstantic and going to break the record revenue+profit of 2014. We can see more investor is recognizing KSL result and it will keep going, so be lucky to be part of the boat and sail together.
PH retains Pulai seat! Political stabilise will drive this counter? As this counter have more than 200 acres of land over there correct me if I'm wrong haha I'm not Johorean.
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....
EngineeringProfit
20,594 posts
Posted by EngineeringProfit > 2023-08-27 09:15 | Report Abuse
Die die hold ah?