re: Dusti, if you say on 27/5, reach 3.0 or 3.20, it's still not a lot of profit, best is like IFCA movement.... :) but like your optimistic view, profit is profit... thx
Bumiputera individual equity ownership will be expanded by allowing withdrawal from Account 1 of the Employee Provident Fund to purchase ASB2 units, which provide competitive long-term returns at minimal risk.
Somebody pushing price downwards...........somebody should inform SC to investigate. Rich guys screwing poor guys? Imagine good performance results due 25/5 and stock price scratching the bottom. Hang in there!
Please read CIMB, TA Securities (original and updated) The numbers are pretty good, especially order book tallies. I bought two months ago and I am OK, but I hope there will be more smiling people. Have faith.......maybe call the company secretary OR/AND analysts to refresh your faith.
re:Dusti, agree with you.... it is well supported... from the volume, nobody wants to sell.... :)... my cost basis is also very much in positive... i still think if it breaks 2.8, 3.2 will be first target and consolidate for a while and next is rerating after QR report and bring it up to 4....
TQ wiki123. A couple things we need to bear in mind TP has a year of shelf life from the date of analyst's report. Sometimes the TP gets eclipsed sooner and the TP MAY be revised. Next, and perhaps more important, is the reputation of the analysts; both have my vote of confidence. I will now be patient.
re: Dusti, I study chart and liquidity. I study that many blog has written about signature, many seems to be analyst background, i would reckon this stock is liken by fund manager (they think the same and will surely act the same).... bottom line, it's a fund manager stock because its earnings are transparent and clear and predictable, but not enough share capital to chew... with the selling of HSC, it seems market have more liquidity for fund manager to collect, plus if they do bonus will be even better.... from its chart, its' consolidated very nicely, now is breakout, from that, usually I will target 20% from breakout, but this I will hold longer, firstly it's in All time high, 2ndly it's profit increases substantially, but still with low share capital base, thirdly analyst likes the word rerating, so it's easily 80 to 100% from 2.3 once they rerate if you ask me.... my view is simple, this year should see very good activities for small / mid cap... in 1997, capital was flowing from east to west to want EURO (hence we have asian financial crisis), this time, is the other way, capital is moving from EURO to USD assets (equities, US dollar) and Asia... pple just have no confidence in EURO anymore...
wiki123 by your reckoning, to satisfy the thirst of investors, including fund managers, Signature has to improve liquidity with a bonus issue to raise its 120m capital. A later scenario. For now there is a need to figure out why the share price is less than cheerful
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....
ramsyll
155 posts
Posted by ramsyll > 2015-05-21 12:41 | Report Abuse
Hold until end August, see the price climb to RM3.50 based on fundamentals.. earnings...