US already make their stand...ask their ally saudi not to cut production...is to suffocate ISIS....msia already make the stand clear but somehow they still some voice hence Petronas hv to suffer fr it. Should msia not signing the TPPA...lagi worst...kena hentam. Wht is msia with 30mil population can do?
we shd move towards singapore structure..... for analysts where they are incentivised by commissions from positive gains from their recommendation... especially on the short calls
Today the price drop substantially . The candle stick chart showed the first red candle. Just waiting for two more days the see the next to downward red candles downward.
From recent history major drop of 50 to 70 sen. IF , a big if history is a guide.... Yesterday drop of 30 sen. Today and tomorrow I expect it to drop another 40 sen to 1.60 by Wednesday. By then, should be able to buy some.
The chart for Muhibbah is showing bullish Harami. It is a reversal sign and I'm not surprise the share price will re-rate back to RM2.25 easily in the immediate term. Of all the O&G counter only selected few like Muhibbah managed to regain back some losses. It's a clear sign of oversold.
If one sit down and think slightly longer term, then you'll realized that the weakness in share price is due to weak crude oil price. But has the fundamental of the company change? To me, it has not. They are basically not just an O&G contractor. Muhibbah is a diversified company with concession in Cambodia, shipyard, holdings company for Favelle Favco and of course experienced contractors which has exposure in marine engineering, O&G related project and infrastructure. So Muhibbah cannot be solely link to O&G. That said, if that is market perception, one fail to realized that the project they are confident securing are investment that has been approved by Petronas and classified as top priority because it brings values to the country like jobs and moving into higher chain. CAPEX which Petronas will reduce are like foreign investment like their Canadian's investment and etc. All local projects will continue because it's good for the country.
Just don't jump into bandwagon of selling. That's my 2 cent.
Oil price drop 4% funnily for the good reason. It drops because hedge funds increase its bet the oil price has found its bottom. Now we have believers that oil price has bottomed yet market are concern. What a fickle world. You can read more on Bloomberg news.
Does it matter this is the news? The share price going down coincide with the drop in oil price again. Too much fear for this counter just because of weak oil prices. That's too bad but also provides opportunity.
If anyone believe in the fundamental of this company and thinks they are going to secure RAPID project in couple of months plus strong earnings, then current price provides good opportunity. Double digit growth, potential clinging major contract at RAPID at 7x PER, then this a cheap counter.
No hard selling but just some analysis and assumption. If one notice on the announcement Tabung Haji bought 15,000 shares from the market on November 28th. The question is which respectable billion dollar fund bought only 15,000 shares. So why only 15k shares? The answer in my opinion is because while they are buying on that day, all of the sudden the share price drops substantially in a day! From 2.40 to 2.20. So they cancel the order and end up with 15,000 shares.
Then Tabung Haji stops buying until share price show some resemblance of stability. Then on Dec 2nd and 3rd, they are back buying 700,000 shares. Just announced today. You can check. This has been my indicator on whether the Fund will continue buying after accumulating them from 5% up to 10%. In my opinion, if they stop buying after reaching that level then it is bad cause no one will push up the share price. But today's announcement just show they are still buying and may need more. I'm not surprise, they will push it all the way to 15%. Syariah funds really have limited counters where they can plow their money in KLCI. If they want syariah compliance AND good company, I think they choice is limited. That's my opinion.
Bear in my mind LTAT, EPF, KWAP and PNB which has syariah mandate has not appear in the 5.0% shareholding that require disclosure. Still has opportunity in my opinion.
announcements from bursa website are good indicators on fund managers movements, but unfortunately they were usually outdated (buy on Dec 2, 3 only announced now). Just when you think the funds are buying, they are actually selling already :(
Yes you are right that there is a delay when comes to announcement. But I have to disagree with when you talk about selling. Anyone with holding above 5% has to disclose their shareholding whether they are buying or selling. So, until we see an announcement Tabung Haji is selling in couple of days. Then I'll stick to my assumption.
Just to elaborate, assume the announcements (buy or sell) are always delayed by 4 days. When a fund manager bought aggressively on 01/12/14, it would only announced on 05/12/14 and you bought to react to that piece of good news. Four days later (09/12/14), you then noticed the announcement of an even more aggressive selling of that same fund manager on 05/12/14 (the day you reacted and buy). You are trapped because of the earlier news of the aggressive buying on 01/12/14. :(
Jangan bis ing bising semua funds including TH also selling like hell last 3 weeks ! I heard sell order left 3 to 4 million only n all will b taken up and will hav a very strong rebounce today n tomorrow ! I heard only ,not guarantee truth............just watch the show.
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....
fortunebullz
2,000 posts
Posted by fortunebullz > 2014-11-26 18:18 | Report Abuse
Bought Muhibbah at 2.15! Better than SKPetro!