There is no problem with the stock, but there are plenty of fish in the sea, so investors are trying to catch other fish in other sectors..Be patient. A good thing is that you can get the stock at a cheap price as it is not so popular.
I have already sold the stock as i expected the stock would be bounded in a range for some time. Currently Tech/construction stocks have strong momentum.
Plastic and packaging also got upstream and downstream. Commodities price movement is temporary impacting Tguan (downstream) players, perhaps can look at those upstream player if you think commodity price is fluctuating..
This coming quarter result would not be good compared to last year or last quarter. As the raw material cost increasingly burden to Tguan's operation. Commodities is bullish in that sense.
TGuan has been continuously trading downward for the past few days without any firm support. Is there anything wrong operationally? What about resin price going up? Is it favour Tguan or otherwise? Many Sifu can help, I believe
Currently, TGuan share price is RM4.51 less RM1.50 = RM3.01; yet its warrant is current selling at RM2.95 meaning a discount of RM0.06; This could be the reason why many investors have converted warrants into mother shares. Furthermore, mother share entitles to dividend declaration soon at 6% or 6 cents per share.
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....
excelyou
1,255 posts
Posted by excelyou > 2017-04-04 11:35 | Report Abuse
Where is the corporate exercise ??