The news is this. Foreign Funds Are Selling Out All High Flying Blue Chips Including AEON.
Aberdeen is trying to sell. But since AEON will fall a lot without support Aberdeen buy back a little to support Aeon price. When price stabalizes they will sell more due to fund redemption from the US.
So stay safe. Keep Cash. If you still want to stay invested - consider PBA & OPCOM - both are recession proof tsunami shelters.
Try to sell into strength & keep cash in the bank. Or else you must find some recession proof laggards which give decent dividend yield. 3 safe shares are SILK, PBA & OPCOM
SILK - a defensive toll road. Price shot up from 40 cts to over 70 cts. Too high now. So cannot buy.
PBA - water is a necessity. Price up from 97 cts to RM1.14. Wait for correction to buy. Best if you can get at RM1.00
OPCOM - Very defensive because it is CASH RICH. Give decent dividend of 8% to 20%. Anything at 75 cts or below is a Bargain. Buy before price shoots up like SILK.
calvintaneng, you really go to every single stock and make comment & promoting the stocks you buy. This is AEON forum, please adhere to the rule. Only transmit positive energy and do encourage each other.
The bonus and share split dates are not fixed yet. They need shareholders approval, and bursa as well. A procedure that takes few months I think. I bought in at 14.40 and 14.42 some days ago too as I think it has some good values and future growth.
Cobra, I think its still a good price at 14.58 since the dividends of I think 22c will lower your cost, and after the split will be around 3.68. If I am not mistaken the financials of this company is very good ( I need to relook at their annual report). Going forward, the companys strategy of purchasing the building or land to expand their outlet represents some sort of investment too. THeir asset value will go up and up as they expand. This company targets a few outlets in various parts of the country for expansion. The five year chart shows uptrend and hopefully with this plan, it just continues after the bonus and split which most likely it will, then we be looking at a price more than 10.00 in the coming 5 year period.
Where got stabe, now apa banks all price drop from their highest peak. Just this Aeon bank got hope to grow because of the generous management to reward their shareholders. =)
Good lah, this going to b the next hupseng. If u monitor the chart of Aeon, it announce bonus issue in 2004 & 2008, u check what is the price now. Dividend in May, bonus issue 1:1, share split 1 to 2, long term (5 years perhaps) will rise up from RM4 back to RM15 again. Add in dividend yearly, u might have 400% gains in 5 years, not too bad for a safe company ya. =)
Now I hold 300 shares, bonus 1:1 come 1st meaning I going to have 600 shares, then share split 1 to 2 bcome 1200 shares after the exercise. Price now RM14.40 divide by 4 bcome RM3.60 (My cost), so if 5 years time it come back to RM15 like it previously did twice. Then, it really a good share to hold for long term.
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....
bless88
29 posts
Posted by bless88 > 2014-01-03 10:37 | Report Abuse
Is this stock ok to buy?