Asian stocks erased early losses on Monday as investors heaved a sigh of relief after a batch of Chinese data showed the slowdown in the region's economic powerhouse was not as bad as feared.China's second-quarter economic growth cooled to 7.5 percent versus a year earlier, from 7.7 percent, in line with expectations. MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.4 percent, having earlier drifted in and out of negative territory. Stock markets from Australia (.AXJO) to Hong Kong (.HSI) were all up between 0.3 to 0.9 percent.
anythg can happen..in betw the 2 hours lunch break.. all I can say for sure is I m still long..as mentioned many weeks ago..for a long time from below 0.80..I will continue to add on at any weakness n sell at evry 10-15 cts upmove...?? make ur own decisions ..good luck to all..have a nice lunch..
Beware. A sudden surge must be backed by reason. I do not see any positive news that can boost the price and make it so volatile between 0.97 and 1.08 for the past 5 days. It's not a good time to buy in at the moment. Wait for tomorrow after 2:30pm when the force-selling starts.
KUALA LUMPUR: With the US and Japan economies expected to do well, M&A Securities says it is forecasting the FBMKLCI will hit 1,838 points and is advising investors to stay in the market. Its recommendation is investment in strong blue chips counters with attractive valuations, especially the ETP-related sectors. “We have an Overweight call on Finance, Construction and Oil and Gas sectors,” it said.
Normally the target price will not far away. Last time I bought Perisai 0.70 . Target price 1.50 . But I not believe and sold at 0.95 .Now the price more than 1.50
Since three days ago, the price have been shooting up by about 16%, today by right should be settlement date at which some contra players will sell off theirs in the morning. No worries, the company is expected to benefit from contracts awarded by the government as it is one of the prominent small-mid-capital Bumi construction companies in Malaysia. More contracts will come.
Haha, @JTFX, you are too greedy to have target price RM2.00. To me, the fair value is RM 1.43 based on the company's profitability and expected earnings projections from existing contracts. Anyway, if this counter can escalates to RM2.00 like MUHIBAH and PUNCAK, certainly it's good to see it.
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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....
eht6769
711 posts
Posted by eht6769 > 2013-07-15 10:33 | Report Abuse
hang