I bought some GCB at RM2.58 on Friday, looks like a potential rebound as price above 20 MA. I could be wrong lol, if drop further opportunity to add more :) (previously bought at RM2.67 and sold at RM3.24)
@hendrycheah yup, nothing to worry. It is a good company with fundamentals & growth prospects. Even though the coming QR might not be good as highlighted in the above link, I think the current price has already factored a 15 - 18% decrease in EPS growth. I see it as an opportunity to accumulate when nobody wants it. Once vaccines have been rollout, and demand for cocoa normalized, consumer sector should be a recovery theme
GCB 's EMA 20,50,200 had been above 2.8(bowl sign appear!) and able to hold resistant and start moving strong and move forward Nov'20 price(3.15) and Aug'20 Price(3.70).
Like GCB for: 1. aggresive and sincere ceo. keep converting warrant to mother share, not like other ceo selling warrant at the very 1st entitlement day. 2. international foot print..usa, uk, germany, africa, indon, Sg, Mal and in expansion phase. 3. defensive and recession proof food industry 4. low pe 5. multinational customers base and 4th largest player in the world 6. APA LAGI LU MAUUUUU????
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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....
hendrycheah
441 posts
Posted by hendrycheah > 2021-01-27 15:39 | Report Abuse
i don't think GCB have the capacity to do a buyback now.. I'll be the first to run if they are using their sukuk to do a buy back