pang acts like usual, got scared with the drop and deleted his posts. Same thing every time in every single counter. You want followers, pang? For “ego”? Remember you once posted/admitted you are a conman (I can’t remember which counter’s thread already)
Syscorp has borderline fundamentals. But they sure do have big backers
I know that Syscorp is currently being cornered by prop traders at CGS-CIMB. The volume tells it all. But I don't understand why The Edge is pushing the narrative on the rise in freight rates. It makes no sense because global shipping volume plummeted. Obviously I have never communicated with Syscorp management but unless someone has insider information (highly illegal), there is no reason for serious institutional investors to move the price
@anthonytkh hope you are right. Obviously I don't know much about this company. Bought in when the famous investor Wuchang promoted this stock on his Facebook pump and dump group
Rookie, they have been actively doing SBB to reduce their negative treasury.
Some thinks a company doing SBB is a good sign. But some PLCs know the mindset of retailers. Get what I mean? There are many many many examples. Someone informed me TS Ikmal keeps buying and he followed by buying also. What happened?
Syscorp has over a billion issued shares. Any company with that amount of shares is something I’m very wary of. I don’t know or haven’t yet researched what is their negative “Other reserve” amounting to close to -RM300M. They do, however, have kept their profits of RM160M (retained earnings)
Again, their treasury is negative. But they have real estate
But it’s perfectly find to trade such counters. Just set your sell price and never be seduced
DOUBLE TOP at 0.94/0.945. Sell/stay away. Tp 0.47 bcause its not organic growth. Once in a blue moon every few years they sell vessel n got big money. Other than that only small profit coming in.
Shinyang is a property developer as well being involved in timber, quarry, petrol stations, oil palm, etc etc… that’s the parent company. It’s not just shipping.
another rally to RM1 soon completes the ending diagonal of the 5th wave. Perhaps today is a sharp ABC corrective making completion of wave 4. If it goes back to RM1 soon, I'll come back here again and say hurrah! hahaha
Just in case this "sifu" deletes his post, like he always do ------------------------------------------------------------------------------------------------
rr88
20 mins green n will turn red. Tp 0.47. Sell/stay away.
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....
shipcapt
303 posts
Posted by shipcapt > 2022-11-02 09:55 | Report Abuse
ready?