i think today go up if due to the announce of US interest rate on 15th march or this friday. If up, then po huat really huat. If status quo, then night not able to sustain it.
dont worry, just a small fraction from what they are holding for warrant. They wont sell like no tomorrow, the transacted price and volume get absorbed very fast. The trend is still on our side..
thanks ezobear, guys dont need to worry about director movement too much.they are human too and will sell to make money but the proportion wont be significant to determine the market trend.. believe yourself if cant hold just sell it, thats simple..investment is always on own judgement call even the director of company cant predict but just sell when can make money,, so sit tight and we will see whther next liihen in making from 2.20 to 3,40 in 3 months.. now TP 2.50 first after QR result
From last 2 years record, Director cash out small number of shares before CNY. Seem like he need some free cash to celebrate CNY .. :)
From other perspective, boss allocate all his $ into PoHuat business, a great sign ... may be this is the reason he consistently gives dividend for past 7 quarters .... :D
simple man, to answer your question-no one knows the answer. it could be fund manager who spot pohuat and subsequently bring up today rally. but it shouldnot be the director coz there is no announcement for today yet-sometimes it gets delayed too. Judging from today volume, no doubt some party is cooking it now-very likely insider news of good QR result..
Up without any news, means insiders are buying. Retailers kept guessing & following. The problem is no one know what is the best level for the price should stay except those insiders.
if insiders are buying that means something good is coming up which is the quarterly result. So it's a good time to accumulate before the results is out. bear in mind the whole dec and end nov, usdmyr is trading ard 4.4 and above. For exporters like poh huat, most likely they will hold on to usd with the usd strength across the board. Easily 5% gain as compared to 4.2000
as for Jan - Mar, usdmyr has been trading like 4.4300 - 4.4700. With the new capacity in Vietnam, improved margin and improving housing sector in the United States, Poh huat is gonna do well on the following quarter as well !!
“We also have the capacity to support new customers as our manufacturing plants in both in Malaysia and Vietnam have an average utilisation rate of between 71%-75%,” he says.
Po huat results should be announce by next week. Just chill while waiting for the results. Also, look out for the FED announcement. If interest hike, ho seh liao. Will it reach Rm4.6 / 4.8 to a dollar?
He did the same few month back when the warrant was at 80+c or is it 70+c. Anyway, i will hold till next week. USD still remain at 4.45 which is higher than what pohuat expected. Anything above 4.20 is a bonus. FED rate hike decision by this week. All looks kinda positive to me...
FED hike interest rate. Let see how MYR perform. Might not have much changes in this few days or week time as bank negara will defend but let see how it goes. Last time BN already defend and burn the coffer for 120B and bcome 90+B
10bagger10.....i no sifu la. I think u r sifu as u hit alot of 10bagger. MYR looks stronger against USD. I believed Bank Negara is defending it. Let see how it perform in few more days.I also hope warrant break RM1....
i read few months back that analyse forecast MYR will be 4.50/4.60 to USD if FED rate hike. And couple with oil price drop below US50/barrel, MYR might reach RM5.
i read few months back that analyse forecast MYR will be 4.50/4.60 to USD if FED rate hike. And couple with oil price drop below US50/barrel, MYR might reach RM4.80 to 5.
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....
titus
4,159 posts
Posted by titus > 2017-03-13 16:33 | Report Abuse
i think today go up if due to the announce of US interest rate on 15th march or this friday. If up, then po huat really huat. If status quo, then night not able to sustain it.