becareful what? this is a fundamental call, most of the fund managers are buying this stock, targeting 20% upside in a year, what are you scared of? company actually built alot of iconic buildings, the management is good, jesselton project once approved, who knows you couldnt buy it at RM2.50 already
The CIMB story gives a huge upside but no new institution or director accumulation in 2014. What is the story? If there is such an udside, why no big boys or directors buying? I just check i3 notices, nothing in 2014
SJaladdin, the meaning as follow: ( Sorry, my English is poor...)
Share price of SBCCORP already up for two days, Someone said it is ‘Goreng’ stock ? Beware of ‘big fish’ bite ! Someone said it is over bought, Wait for correction to buy. ‘Goreng’ must have substance, If you think there’s value in it, Why must you sell it away ?
Before that, a few of us recommended this stock, nobody bothered and talked about rubbish that property market in Malaysia confronted challenges ahead...bla...bla...bla. Now, a piece of opinion from CIMB can lead to huge herding behaviour of all these new investors to speculate on this stock. So, based on my observation, market is not efficient at all. Fundamental analysis can bring someone who is determined and patient enough whooping rewards.
i think sbc corp still have room to grow, CIMB's target price is 40% discount RNAV, if I use 50% discount it is 3.30, thus, if you are selling out, you will definitely miss this uptrend stock
Gokula, instituition would not buy up to 5%, because they will have to make announcement, probably you could start looking at annual report 2013 , then you might see new instuitional investors in
Though up but can't maintain its momentum and trace back to where it came , just too bad ! The overbought situation need time to digest , hope that the trace back is limited today when us markets are really bad!
Technically , pricees are expected to sustain the upward thrust following a major breakout in the previous session wid the immediate resistance ainticipated at the rm 2.62 barrier. Next upper hurdle is seen at the rm2.8 mark while initial support at rm2.11 ( from THE STAR support line section )
SBCCORP TP is 3.96! Now is trading 55% of its actual value ! Only by keeping mid to long term to realise its actual potential! Earnings per share is 41.45 cts and Pe is below 10,paying constant dividend and exponentially high NTA at 3.89 . A real undervalued counter for property counter!
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....
Invest123
1,634 posts
Posted by Invest123 > 2014-04-07 10:17 | Report Abuse
Just a game among the big fish, better be careful