anyway, stochastic at oversold level, candle shows early sign of technical rebound, fibonacci maintained at 0.618 last bastion area..interesting situation for minho..let see this week where can it go from here
Don't forget about Minho. Mahsing rent the factory from Minho at monthly rental of RM274,560 for 3 years to run the gloves production. Minho will earn about RM3,300,000 per year from collecting the rental from Mahsing.
PRO - in acc. to latest company's balance sheet, revenue, profit, cash balance, receivables vs. liabilites, equity etc. +++ - additional rental income, approx. 3.0m per anno + - potential to increase export level + - overall well managed entity ++
CON - 5yrs graph do not reflect company's share price --- - minor current issue regarding material litigation - - in my opinion heavy undervalued, fair share value should be RM 0.90 to 1.00 ---
BTW - what is at KLSE a fair share value, there are many many companies with a frequent pretty negative balance sheet and FY revenue around 1,0 to 4,0m and the share values 'flying' around between RM 0.30 to 1.00..., crazy!
SUM - I have faith in this company to gain my investment - but to be clear, I am not married to this counter, if it reach my TP I will sell at least 30% to 50% also and waiting for the next sensitive period as we have now!
REC - Please decide by yourself, above message is not a recommendation - just my personal opinion!!
You all wait and see the QR, you will be surprised how much money they made this period.
Also, the covid cases now are getting out of control, if another full lockdown again, this will fly to the moon. However, I do not wish our country to have more cases just so that this stock will fly, not that selfish. But with the upcoming QR, it is already enough to proof that MINHO’s fair value should be around RM 1
With all respect to above post and to be honest I thought this forum is a serious platform to share everybody's opinion and facts! Nobody said that the share price goes up to RM 1.00, it's just a result with adoptions in terms of several indicator and base units!
Btw, please do not tell me what I have to do or should do and yes, this company has outperformed in terms of business prospects well, unfortunately this do not reflect the current and previous share price. Why - there is just a simple answer, this is KLSE...
So, I suggest you read the post's above from SH and myself again and segregate the information properly.
To add and make it pretty clear, yes - you can post whatever you want but please treat people with respect, thanks!
Lastly, no need to chase this counter as a retailer - you trade/invest or not, so it's entirely everybody's choice!
I believe it's enough now and let's concentrate to monitor investments to get a satisfactory outcome!
Nice qrt came out, the stock price also can fall like KPS yesterday minus 4.5sen but it shot back above RM1 before it closed..The boss r like banker it's up to make the price go up or go down.
Just buy at 33sen for cold storage keeping. SHOULDN'T be at this level when CYMAO can shoot up from 20+sen to 60 +sen, something wrong with the BOSS when trading volume is consider quite high for a stagnant price counter.
Shouldn't be a problem for Minho to up to 80sen (DOUBLE UP) if IPMUDA N CYMAO can went up above RM 1/- since Minho fundamental is better than both this 2 rojak counters except a change of ownership for ipmuda, decent profit n a small 0.1 sen dividend for most year except 2020 until 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....
keown83
627 posts
Posted by keown83 > 2020-09-14 21:54 | Report Abuse
anyway, stochastic at oversold level, candle shows early sign of technical rebound, fibonacci maintained at 0.618 last bastion area..interesting situation for minho..let see this week where can it go from here