Haven't followed this counter, but on 7 Sep 2023, I mentioned I sold into strength and not to chase and wait for it to retrace. I followed my advice and bought back at 30 sen. Now still holding at 39 sen with +30% gain in less than a year. Nice. Let's see how high this one can go on its 2nd leg up. Pure technical speculative play, not a dividend stock.
Nice move today for a trading stock. My partial GTC sell order at 39.5 sen was filled but maybe a bit too early but it lowered my average cost down to 24 sen now. Will enjoy the ride up to 45 sen next.
Don't think so. If you look at the buy and sell volume for the last two weeks, buy volume queues are much higher than seller queues. But, the closing price keeps going down. Does this make sense 🤔 ?
Problem is the stock price keeps going down for the last few months and there is no sign of recovery. The quarterly report didn't look good, no dividend and there is no good news to pump the stock price. The US dollar is weakening which is bad for export company like this counter.
Maybe operators purposely push share price down to below 30-31 cents in past 3-4 weeks, actually last 2 quarter result were good, turnaround sign for profit level... One weakness of Bursa counters is those research houses normally dont cover n analyze second n third liners... They normally just cover about 100-130 counters, kind of selective.
Loss before tax was reported at RM8.11 million for the quarter ended 30 September 2024, as compared to a profit before tax of RM8.71 million recorded in the corresponding quarter of the preceding year. The loss before tax was mainly due to foreign exchange loss of RM13.46 million being recorded in current quarter as compared to a foreign exchange gain of RM1.72 million in the preceding year corresponding quarter. Excluding foreign exchange impact, the current quarter ended 30 September 2024 would show a profit before tax of RM5.35 million.
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....
Tanleechoo
457 posts
Posted by Tanleechoo > 2023-12-21 15:15 | Report Abuse
Sleeping 😴