Shareinvestor88 sifu, i will buy, just still hesitate, coz a lot of money goes to jhm last bonus issue there...nway i still new in stock market just 3 months experience, very difficult to make decision....But luckily, during first month i find Ajinomoto, thats why i said good company with low number of shares easy to push up the price...only this time i find iqgroup.....I might buy a little tommorow.. and might add up by disposing some jhm, about 50% (with very small profit, if jhm bulishness down) to add on this stock. What do you think on this decision shareinvestor88...
P/s : if someone say why not stay on ajinomoto, that because i dispose my shares short, medium,and long terms, to diversify... my2cents bro..
Dear moneypedia IQ is a good FA company. Potential bonus or split. I think can hit 5.00 . But u have to decide yourself if going to change from jhm n aji to IQ.
aji i wont sell anymore, just jhm, once achieve the target of short term, and medium term will sell about 50% and shift here...difficult to get good company with low number of shares nowadays, while still cheap... yeah i believe it can go till RM8-10, or 4-5 1:1 bonus, hopefully....
Quite spoiling the mood, qr come out with bad result during holiday, thank god im hesistate to buy a lot last time, if i sell yesterday got profit, but sell today loss a bit, nevermind will buy back later. Ermm now i see the effect of bad qr result, good benchmark...
This stock already hiked from 2.5 since beginning of year till now. It was cheap at this price, at price before result released which is 4.7,4.8, it stood at PE of 14,15 which I feel fully valued.
Enter stock at low PE and exit at high PE is always a safe investment philosophy. Sold all just before the quarter result released, part of the reason is also I entered since 2.66 and satisfied with the earning, don't wanna risk my earning with qr result.
Anyway if this stock can stand around 4.0, it still has a chance to go uptrend. Its business should have nice prospect and future since LED and sensor industries have forecast growth rate of 15%.
It may shoot high to high valuation like Gtronic, however I am satisfied with my reasonable earning which is sold it at PE of 15. Anything beyond this is not my capability to earn and I have no reason to regret.
I attended the AGM 2 days ago. Some sharing of what I heard during the AGM.
The management explained the reason for low EPS this quarter is due to over-emphasis of RND resource is put onto the new Lumiqs products which saw the slowing down of the existing customers (ODM)project bidding and completion. However, this will be corrected in the coming the quarter. Hence, the low EPS is a one time deal. The investors should be not be alarmed with a single low EPS quarter. The management explained the relationship of IQGroup with the customers are very close and the existing ODM business with the customers are strong and not as reflected by the current low quarterly EPS.
In addition, the management seemed pretty excited and positive with the new Lumiqs products and disclosed the sale Lumiqs products will increase especially after the 2nd generation of products to be introduced as well as the new introduction of the product into big new North America market. Furthermore, Lumiqs products are also invited to be co-tendered for new projects by some existing customers (big companies in their countries). The (OBM) Lumiqs products will put the company into the growth as its profit margin is much higher as compared to the ODM projects.
I am pretty positive after attending the AGM and I am glad that the price of IQgroup is currently dropped due to latest low quarterly EPS. I will defintely buy some more if the price of IQgroup persists next week. As some will say "Every crisis presents an opportunity", and I believe it is the case now.
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....
shareinvestor88
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Posted by shareinvestor88 > 2017-06-15 14:15 | Report Abuse
Increasing profit , net cash , potential bonus . Cold eye is in top 30