TheContrarian 1076 posts Posted by TheContrarian > Mar 6, 2017 02:31 PM | Report Abuse
I made 30% from MBSB.
congra the con the con can ask your opinion why this company :
LION INDUSTRIES CORPORATION
this lion share from bottom 0.2/ until now 0.6+++ up about 300% can ask why this lion so great , Parkson loss than this this lionin got any potential ?
@erdie67 Banking stocks are supposed to be slow and steady...so for me, these small ups and downs doesn't matter much as long as the mid to long term still looks good. Unless you're into the cv like TheContrarian then different story lah :)
the contra. if you dun mind can ask ioip can invest recently ioip drop until near history low due to they issue right issue at prices about 1.37 i also dun know why they set the ri damn low but ioip did give out good results and good dividend . so ioip any comments maybe right issue really bad for ioip
Big boys are probably some unit trust funds particularly in anticipation of a big final dividend which Affin could afford. I understand from the top management of Affin early this year that they are unhappy with EPF selling and wanted to reach out to other institutional funds.
final diviend shud be big,further affin has turned in a commendable QR. this bank only has 1.5 % of its loan portfolio exposed to O & G sector,thus maybe the least affected by crude plunge. i would rather believe affin has been rerated upwards by certain funds,probably foreign.
it does not matter who bought frm epf,what matters is their buying can match epf selling. given that epf is widely used to support govt related share prices when there is a sell down,it is logical they will be off loading when prices recover. i view the recent price actions as a precursor to greater prices.
rchi, Affin delivered sterling results quarter after quarter. Only stupid funds would fail to notice. And stupider EPF keeps selling from as low as RM2.09.
haha yes,and maybe epf start buying back once 3.0 is breached,they hv been known to do this. anyway just a very simple comparison,affin QR is 8 sen and it trade at 2.88,rhbbank QR is 6 sen n it trade at 5.2.
CAN CLIMB BACK TO ABOVE RM4.00 TO RM4.50 WHICH WERE ITS HIGH PRICES BEFORE THE DECLINE IN PROFITS 2 YEARS AGO CAUSED ITS SHARE PRICES TO DROP. NOW THAT ITS PROFITS ARE ALREADY IN A STRONG GROWTH PATH ITS SHARE PRICE WILL CONTINUE TO GO BACK UP. CATALYSTS INCLUDE RISING PROFITS IN THE COMING QUARTERS COMBINED WITH INCREASING DIVIDENDS PLUS INCREASING FOREIGN FUNDS BUYING ATTRACTED BY ITS STRONG FUNDAMENTALS, INCREASING PROFITS, DIVIDENDS (EXPECTING A FINAL D OF 14 SEN SOON) AND ITS STILL VERY LOW SHARE PRICE (THE LOWEST SHARE PRICE AT 2.88 FOR A COMMERCIAL BANK WITH A FAST GROWING ISLAMIC BANKING DIVISION . COMPARE RHB AT 5.20 AND MAYBANK AT 8.80. AFFIN SHARE PRICE STILL HAVE MUCH UPSIDE.
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....
darrenliew
1,032 posts
Posted by darrenliew > 2017-03-06 12:33 | Report Abuse
I ALSO SOLD MY MBSB AND BOUGHT SOME AFFIN. BUT I DID NOT HAVE ITS CW