That's beyond my control and I won't take it into my decision making process. I would rather stay calm unless the some facts implied that the company is not doing well.
The way of sellers sold down the shares is skeptical cause the buying sides can be under their control. Shares may be merely changing from one hand to another hand.
1. Enjoying forex gain from the depreciation RM by 16% 2. PER has dropped to attractive level of 14x which is lower than most of its peers. 3. It has achieved double digit growth in turnover for the past 3 quarters. PBT surged more than 70% qoq. 4. Growth potential for overseas market especially Vietnam and Indonesia. 5. Dividend yield: 2.6% 6. Net Cash equivalent to 29 cents / share 7. Possible of bonus issue/share split to enhance liquidity of shares.
I don't see the genuine intention of sellers to dispose the shares. ie price gap between buying and selling is 2.37 and 2.40 respectively and the sellers choose to sell off 2.37 immediately rather than queuing at 2.38 & 2.39.
Possible. The way they clear stock seen abnormal even though without any negative news. It seems they are out of stock now. Who bought the 2 million shares?
It's not difficult to jack up the share price of Yspsah due to low liquidity. Today, it seemed someone has snapped up at least 2 million shares. It's not many ikan bilis eaten up this bloc. This big player would certainly be confident the future prospects of the company. I don't think he will let the price floating at current level. If you happen to read the AR 2014, you would know not many shareholders owned more than 2 million shares. It could be LTH disposed remaining of the shares.
We can't discount the possibility of uncle Koon acquiring 2 million of shares as YSPsah fit into his investment criteria. He loves export counter and companies posting higher PBT qoq basis.
FF have disposed more than RM 18.1 billion worth of shares this year. There are about RM 8.8 billion remaining in KLSE. Bear in mind, Ahjib have set up a RM 6 billion Value Cap to stablize the market just in case. FF won't have much impact to KLSE like last time. 30 KLSE index counters are entirely control by the government and local funds. Do you still fear about Fed rate hike due to FF selling?
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Up_down
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Posted by Up_down > 2015-11-12 17:19 | Report Abuse
That's beyond my control and I won't take it into my decision making process. I would rather stay calm unless the some facts implied that the company is not doing well.