Bonus issue to be completed by 4th quarter. Also, there's dividend pending and no dates set for the distribution. Wondering how is this going to unfold....
ckwan11d, I am no sifu in share investment. Good stocks like OKA are difficult to find. Happened to notice OKA end of last year and bought. Also Inari. I have accumulated Insas which is a major shareholder of Inari. Inari has gone sky high but Insas has not moved very much. I feel it is a matter of time it will move. I bought from 1.04. 9 month earning 19.68 sen/share. NTA 1.77. Full year result coming out in Aug. If the last quarter's earning is just 3 or 4 sen, P/E will be reduced to around 6. If it declares a good dividend, the price will surge. Just my guess, may not be true. So please judge for yourself.
I usually use SMA 10 and EMA 30 lines to track...as we can see, since 80c area till now, there's no sign of EMA 30 will fall below SMA 10 during consolidation so just hold on.
Usually bonus issue news won't die off so fast. Just look at Pestech, Lysayght, Fima Corp and Bonia. Uptrend with minor corrections all the way till ex-date. On condition Dow Jones behaves itself.
Promaxsam must have sold off today and now want the price to drop so that he can collect back cheap. Then if we want collect cheaper better hope it won't shoot up so fast!
The price may not drop substantially for you to pick up again at a gain. Traders may gain some money but investors gain much more! Dividend ex-date will probably be announced soon followed by bonus ex-date at a later time. I believe share price will go up and up with little drops along the way. The drops will most likely not be significant enough for you to sell and buy back. Hold on tight and gain big!
I have been collecting OKA shares since last Dec. Bought some yesterday at 1.10 because i believe there is still much upside because of the dividend, bonus issue and growth potential of the company. OKA is my second jackpot after Inari. Such counters are very hard to find. If you can find one other such counter, please let me know!
My prediction is OKA will reach 1.20 soon this week. New high when dividend ex-date is announced. When the bonus ex-date is announced or just before the ex-date for the bonus, it will go up to 1.50? Hopefully. I will be very happy if my predictions come true. Let's see whether it will happen ... Cheers!
dear sanho9 , price already up from 0.80 to 1.15 than come out with announcement bonus issue , its good time for big shark sell the stock , most of the case its happend like this. DSONIC from rm 2 to rm 4 than announce bonus issue price drop like hell....
OKA biz is steady growth via its materials used for infrastructure construction. Dsonic has been a runaway, share price wise & I hv no regrets to let it runaway. Their share price v much overvalued largely thru forward price building of new projects in the making. Yeah! the profit margin is ultra good.
It is disgusting having to fork out tat amount of money for IC replacement & doing a passport. Govt's got a moral to upkeep. And would you enjoy the deals they are arranging for the next big thing - subsidise petrol?
I was traveling today and saw a lot of construction of road, buildings going on and precast concrete products were everywhere, some on site, some being transported, u drains. Immediately I thought of OKA. It's products should be in demand during this period.
Oka Corp (OKAC MK) Technical BUY with +15.0% potential return Last price : RM1.13 Target Price : RM1.22, RM1.30 Support : RM1.02 Stop-loss: RM1.01 BUY with a target price of RM1.30 with stoploss at below RM1.01. OKAC’s share price has been rising along the steeper trendline in the past 6 weeks but has been unable to move past the immediate resistance of RM1.10 despite numerous attempts recently. However, last Monday’s gap-up on the back of a higher trading volume has placed the share price in new territory. OKAC has surged past the immediate resistance of RM1.10 and effectively formed a new up-leg. Additionally, positive readings from both RSI and MACD signal growing momentum which may in turn lift the share price higher. We peg our next target at the 1.61x Fibonacci extension level of RM1.30 over the medium term. Timeframe: 2 weeks to 2 months
ckwan11d, I have confidence in OKA because I have done some research on the company. It has not failed me since I started to accumulate it from end of last year.
Yes, ckwan11d, a person can live on share investment! Note that I say "investment", not "trading". At least two of my friends are living on share investment and earning a lot more than when they were working or doing own business. In the past I tried trading, I didn't earn very much. I have switched to share investment and I am beginning to earn more in one year than when I had a well-paid job.
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Posted by focuz > 2014-07-08 15:34 | Report Abuse
OKA wanting to fly...fly high!!!