Why investor's still hesitate to build up their portfolio despite knowing well that the quarterly financial results should be released in the month of May ? Or perhaps those sifu have discounted the QR reports is supposedly not very impressive ? Stagnant for too long can obviously killed the resources as most counters are doing well currently .
The trend is bearish... I guess the profit drop again after major shareholders converted the Loan Stock to shares to get the dividend. They have received their interest from LA in April and going to receive another round of dividend after convert to mother shares.
THONG GUAN consolidated on 18 May, when there was a strong risk-off sentiment. Today it consolidated again. I think there is a strong correlation between THONG GUAN and Magni-Tech, so you should buy THONG GUAN now.
One day up another day down. TGuan is not stable and hence very difficult to become a blue chip counter for fund managers to buy and keep. What is your view?
Company keep on expanding business opportunities but no point , turn around in profits must expected to perform worse than last QR results . Today sold 60% of tguan shares with some losses instead of getting stuck up . With this resources utilised to buy some others stocks with more chances of profits . Keeping too long already getting boring .
Some people here may have warned you about the possibility of a bad coming QR to get the stock at a lower price. People in the forum do something like that.
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....
Chan SauWei
1,430 posts
Posted by Chan SauWei > 2017-05-11 17:27 | Report Abuse
Just wait and watch the show..
No buying any at this moment