How can this counter not kena UMA is beyond me. The manipulators are smart to make the price drop just before they kena the UMA limit. Evergreen has dropped more than 40% since the bonus issue. Shedding more than 1 percent of their share price a day for reasons that are not justified. Even with good report card also drop. Thr Securities Commision should immediately halt trading and check on the recent transactions to see if any hanky panky is involved (which imo there is) because the board of directors are just sitting by and allowing this to happen.
@JN88 "all bank research can't pakai"... Maybe not all. But there is a lot of truth. One can dress up his/her assessment with pretty charts and tables. But they are just guessing. And so often wrong. If we base our buys solely on their reports, would end up with many counters being underwater. If these analysts are really good, they wouldn't 'makan gaji' with the investment banks.
But that's the lesson - read and consider the research. But make our own decisions. Always practice good capital management (never going all in), consider the possible downside and have a strict cut-loss point should things not work out.
I have shared before that you can't rely on analyst report to earn money in trading stock. I also emphasized that wood-based stocks are running out steam. Have also reminded that the good results have been factored or priced in.
VenFx tak boleh percaya IB..... their price only will be reflected after 1-2 years....usually market will sell down after their post (100 post 99 holland).....but their content and explanation way is very good...we can learn this for ur writing in future....kekekek
For my personal opinion, this account will continue the downturn until 0.90-1.00. I foreseen that many investors interpret data through some useful tools and researchers report. However, we should come back to reality whereby we should analyzed the current market movement. You may foresee Malaysia & China PMI keep dropping and it showed entire market is getting worst. Even myself who are working in manufacturing industry (Paint) and orders decreased since last year June'16 with at least 40-50% until last month. Many companies are turning to red due to weak demands but high expense problem. With such situation, I had decided to let go all Evergreen shares yesterday although facing a huge losses. Wish my comment is helpful and good luck!!
I agree with thenameis... there are invisible sharks who are manipulating this share... with good quarterly results, the price keeps dropping... they are trying to push the share price down so that they can accumulate... if you sell now, these sharks will be laughing very loudly...
Start accumulate at rm1. Operator is caught now. If they cannot offload they will throw by end of the day. Usually throwing start around 4pm. That when you can pick up cheap. But keep an eye on MYR/USD ... if strong ...dont enter yet. Maybe can get cheaper tomorrow.
Operator also loosing .. dun worry. Upside today very2 limited. More downside risk.
They mostly are jiasai one.... My friend punya friend punya friend who is a analyst.
His Face look like jia sai" and basically hv few characters: 1. They dunno what they doing and analysts. 2.Their heart very black and bad, they think this is the way to earn money. 3. They very sombong.
When I look at them hahaha funny la.. 03/03/2016 10:02
Have a look at the latest Hong Leong report. Their TP is $1.60 and recommendation is buy. They look at it from the fundamental points of view without any surprises. To be fair, analyst can only look at what was given to them in term of financial figures and projecting it out without expecting any surprises. I suspect there might be other surprises they have not announce. I didn't know that they shut down their power plant in Thailand for two months last quarter which result in a lose of $2m for their operation in Thailand for example.
I can bet with you they were briefed on the results before the quarter report was out. And these analysts & their group of friends will sell out before they release their updated report.
This is their modus operandi if you don't already know.
to Pretty hard to said. My own forecast was bw $95m to $100m. Well it come in at the lower end. Factoring in the moving of factory and lose of production from the moving of Masai plant and strengthening of Rg I still think the TP should be around $1.45. I do not expect market to punish them that much.
We have to see where we are and always be the loser if fighting with those big sharks. They are player and banker, so it's hard to judge the next. Try make your own judgment without any further regret.
Well if the support at 1.05 didn't hold it will drop to the next level at 98.5c then at 93c. Judging from the volumn this morning, it is highly probable that it will drop below 1.05.
Just for sharing, all manufacturing industries result for Q1 2016 will be terrible and it will continue until Q2-Q3 at least. This figure is not from analyst but from my working company. Our orders dropped from 1800MT @ Q1 2015 to estimate 850MT @ Q1 2016. Beside, there's invisible to our next following 3 months forecast or orders.
RM2mil from powerplant, RM3mil from forex.... RM3mil impairment.To me these are one off factors. Plus the fact is, we are looking at a company with RM100mil profit. What's 2-3mil a year? Really can forecast so accurate until 2-3% is considered material deviation? To me this is all just noise and people justifying their preconceptions. If you think a company is bad, even a speck of dust will be played up. If you believe the company has legs to run the distance, just hunker down and enjoy the ride. EvG now has dividend policy to back up their share price. If you enter at RM1.10 and they pay RM30mil dividend for FYE2016, that's already 3.2% yield. The only 2 main questions about EvG now is their ASP (affected by USD & GDP) and their impairment. For impairment, if in 2013 and 2014 no major impairment was made and in 2015 when even newbie auditor who normally is jittery as a kitten only provide for RM3mil impairment, I dont see why there should be impairment in 2016 especially when all plants will be up and running. Who knows, the impairment might even be written back! If you are a long term investor, then look at the fundamentals of a company by reading the news, reading their AR, reading analysts reports. If you are short term trader,then ignore all the above. Your only guide is market sentiment.
nothing makes sense when it comes to manipulators! All they care is how much money they will make from trading, not from dividend of bonus.... so good luck!
Well if the market behaviour is similar to Latitud on this counter, the chances of the price trading between 80c to 85c would be very high. Now that the price has gone below, the next stop is $0.985
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