Oil price Spike up immediate the super good news of the Xi & Trump meeting !!! Nymex=> 52.24 +1.54 +3.04% (18:32:23 - Real-time CFD Data. Currency in USD)
Dow futures surge more than 400 points after Trump and Xi agree to pause the US-China trade war John Melloy | @johnmelloy Published 49 Mins Ago Updated 24 Mins AgoCNBC.com
=>Prime Minister Tun Dr Mahathir Mohamad is also not a fan of short selling. In his first tenure as prime minister, he banned the shorting of shares during the 1998 Asian financial crisis to help curb the outflow of capital.
=>here are risks as well. Should the market turn the opposite way, investors would need to close their position by buying at a higher price, hence incurring losses,” he warned.
More & more analysts warned on Short Selling activities... It's time to spike up liao !
Dow surges 747 points, pushed higher by Fed chairman's comments and strong jobs report By Chris Isidore, CNN Business Updated 4:43 PM EST, Fri January 04, 2019
Stocks roared back Friday after investors received three belated New Year's presents.
The job market is still robust. Federal Reserve Chairman Jerome Powell said the Fed will be flexible in its plan to hike interest rates. =>China took action to stimulate its slowing economy !!!
In my view, even if the general markets (Bursa, S&P or Dow Jones) are showing improvement, it still does not change Komarkorp outlook given its’s core business declining trend.
The company has never been able to deliver any meaningful profit to its shareholder in the past 10 years with the highest core profit recorded back in FY10 and FY11 of only RM2mil. Most of the time the company actually deliver losses to its shareholders. FY19 would not be any different as well given the 1H19 result of negative RM5.2mil vs 1H18 losses of RM3.7mil. I doubt management has the ability to turnaround the company in the near future given that it has actually loss market shares to its competitors in their main markets such as Malaysia and Thailand (revenue fell 25% and 20% respectively in 1H19). That being said, management has invested money to bring in new machineries that will potentially help boost revenue in the future.
The company’s cash balance has fallen from RM6.2mil in 4Q18 to only RM2.6mil as of 2Q19. It seems that the company is currently depending on debt to fund its operation. This reliance on debt would potentially deteriorate the company’s bottom line even further in view of the increasing trend of interest rates (need to pay higher finance cost in the future). The company might also face some liquidity issue in the near future given that the company actually could not generate sufficient cash flow from its operations. With short term debt obligation of RM4.8mil vs cash of only RM2.6mil (of which RM750k is pledge to banks), the company might need to do some equity fund raising to help increase its cash reserves.
If you are looking to diversify your portfolio outside of Komarkcorp (due to near and mid term earnings uncertainties), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.
Hi commonsense, MBMR now at 2.38, can MBMR at least break above RM5.80 at least +100% for this round of bull market started in year 2019? I doubt no... but Komark easily can spike up at least +100% from current record lowest of 0.13 to above 0.26 anytime, my t.p is break above RM1.30 by end of 2019 which is +1000% That's why i more invest on potential stocks which price below 0.50 !
Beside Komark which is my major portfolio right now, i recommended u to invest to other good potential stocks which will at least +500% in this coming bull market such as BJCorp, Mkland, KNM, Vivocom, Tanco and etcs Stocks > RM1.00 i recommend u GENM & Genting, i bought in @ 5.80 & 2.80 now still can buy in, it can go above 10.00 & 5.00 by end of 2019 !
I think we have 2 different strategies. Mine mostly evolve around fundamentals while yours i think is more on a study of share price movement. I don't think its wrong just that we have different views on how to invest.
If you like to study price movement (technical analysis) i would suggest you read a classic, Reminiscence of a Stock Operator which tells a story of Jesse Livermore who is one of the most renowned speculator and price movement analyst ever. Some of his observation still stands till this day.
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....
haron89
429 posts
Posted by haron89 > 2018-07-19 12:33 | Report Abuse
Watch closely this counter. Will fly more today