@munfatt2000. The volume keep decreasing and is a good sign that less glove investors are selling. probably only the Shorties are selling and investors are buying. Very soon there is no seller and i really want to see what price is the shorties offering to buy from us. Pity those investors that has sold earlier.
high vaxxing rate alone not gonna bring covid under control, vaxxing needs to be combined & integrated with restrictions, good healthcare preventive measures & precautions, use of ppe, tight sop etc.
even highly vaxxed singapore struggling hard to manage covid now
yap, hope all holder hold tight and do not sell at this price.
But need to prepare shorties last press down when result out
whatever result, shorties still will give plenty of nonsense to scare ppl
to sell low to them.
if result out, co declare another dividend, then shorties got to buy back
before ex-date, i think shorties will use 28mil bullet to press harder.
@munfatt2000. The volume keep decreasing and is a good sign that less glove investors are selling. probably only the Shorties are selling and investors are buying. Very soon there is no seller and i really want to see what price is the shorties offering to buy from us. Pity those investors that has sold earlier.
As you know, I've been advising to take a position in Genting (3182). You must understand, glove stocks may or may not rise, however what is proven is that the sector is cyclical and subject to one-offs
What is not one-off is Gaming. After all, gambling is human nature and is as old as Man himself. In fact, with all the other travel and tourism stocks closing due to the pandemic, Genting's attractions in Genting Highlands, US & Bahamas, UK & Egypt will be that much more attractive - as the aphorism goes, 'what doesn't kill you, makes you stronger'.
As such, we hope that you are able to take a position in Genting before you miss the boat on the greatest run in Genting's history
1971 Genting Highlands Opens 2021 50 Years of History and Growth
2009 Global Financial Crisis 2020 Covid-19 Pandemic
2009 Year of the Ox 2021 Year of the Ox
2010 Resorts World Sentosa (SG) opens 2021 Resorts World Las Vegas (US) opens
2009 Mar RM3.08 (low) to 2011 Nov RM 11.98 (all time high) 2020 Nov RM2.95 (low) to 2022 Xxx RM ????
A company can pay good dividend only when it has good cash in.hand plus ability to continue to generate more cash in future. Supermx has 3780 m caah in hand as at end June 2021. Assuming supermx made another 1730 m in FY 2022 and 880 m in FY 2023 based on IB consensus, supermx still has 1323 m cash at end June 2023.
Cash in hand 3780 m
Add FY2020 profit 1730 m Add FY2023 profit 880 m
minus customer deposit 631 m
minus last 15 s dividend 408 m
minus cost cap to 48 b 764 m
Cash in.hand in June 2023 will be 4587 m
This cash is equivalent to RM 1.69 per share .
Supermx can afford to pay a total of RM 1.20 at 15 sen per.qtr for the next 8 qtrs and still has a balance of 1323 m cash at beginning of FY 2024 . This 1.323 b cash plus new earnings from FY2024 are.more than sufficient to fund further.capacity.expansion to 60 b or more . At supermx current price of 2.30 , the dividend yield is 26 % for the next 2 years. For the subsequent years , even I assume the earning stay flat for next 3 years with higher capacity of 48 b and more , supermx can still.pay 25 s per share dividend and maintain a 1 b cash in hand post pandemic .
pjseow is right, better invest in cash rich company rather than debt ridden company like airasia. Even if airasia back to pre pandemic level, it will take them 20 years to pay off their debt.
Shorties need to return their tickets they borrowed . Got time frame loh! They need to pay interest, (dividend & bonus, etc... if company declares) Shorties will be roasted
No worry lah! Supermx is a cash cow company ,not only dividend , maybe bonus issue loh!. Just hold tight your shares if possible for at least 2 yrs from now
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....
FortuneBlooming
4,099 posts
Posted by FortuneBlooming > 2021-10-06 19:43 | Report Abuse
banks always too stable