Look at the announcement. Obviously the company think that their share price is too cheap. Unfortunately they do not have a lot of liquidity ie no fire power
1MDB stories always have happy ending for export counters like EvG hahahaha......
Hong Leong updated their market outlook due to 'Return of 1MDB Saga'. They have removed Maybank and AirAsia from Top Pick list and replaced them with Unisem and jeng jeng jeng.... Evergreen! Their view is that these two companies have resilience in earnings certainty while benefiting from near-term RM weakening bias.
2ndQ is when EvG's sales ramp up after the quiet that is the pre-furniture fair season in 1Q. If RM weakens now, it is perfect timing for EvG's export sales that is spilled over from March's hold out.
usually a day of up for too much would invite a drop for next day due to accumulation. Focus on the volume for today. If volume still high, means there have been accumulation done.
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....
Kingsley Looi
51 posts
Posted by Kingsley Looi > 2016-04-20 12:09 | Report Abuse
buy back price 1.08, 50000 units for today. Didnt effect many to market but eps will grow abit.
hold it and ignore it 1st.