Unfortunately Teo Seng's management did not seem to be supporting the price at present making it susceptible to raids by the marauding wolves of Bursa. Teo Seng's share price should just consolidate as it has been doing instead of a rapid sell down (as happened several times in the past 6 months. We expect this only if there is sudden significant bad news affecting Teo Seng. But there were none. KSL's price was subjected to the same tactics until recently when its management started supporting the price via share buy-backs. Teo Seng management should do the same and prevent drastic artificial sell-down of its stock which would ruin investors' confidence in it and retard its share price growth. No need to have a massive support program; just by preventing any unjustified sell-down of more than 5 sens per day will be enough to keep the wolves away since they can't make a big killing. They can only do so if the sell-down is more. Teo Seng is increasing not only in sales and profit but also profit margin. It is also a beneficiary of the strong Singapore dollar vis a vis the ringgit since it sells mainly to Singapore. As pointed out by someone, its Q1 2015 result is likely to be good because of CNY consumption. It is a rapid growth stock not least because of its announced RM200m expansion. So I hope Teo Seng's management will read this and intervene to keep the wolves from ruining not only its share price but also the long term prospect for its stock. If Teo Seng's management starts supporting the price, the wolves (I estimate only about 5 to a maximum of 10 in all) will go elsewhere.
No problem. Buy opps. It is a good stock - among the best in Bursa. Only if you sell would you fall into the jaws of those wolves. Look at the chart: the price always more than recover soon after the sharp sell-down. E.g. sell-down on 30/9/14, more than recovered by 31/10/14 (31 days); sell-down on 12/11/14, more than recover by 2/3/14 (110 days but this period include the overall sell-down in Bursa affecting virtually all stocks). The sharpness of the second sell-down is so that the wolves can collect cheap and deprive the retailers of the dividend and bonus issue. They did the same trick with KSL. So hold on or add position. It's still better than keeping your money in FD!
Teo seng is for investor. Not for gambler n casino attitude please. Measure a counter potential base on company PL, management capability and industry trending. Not daily price movement. Teo seng is super well run company vs their peer.
It's the marauding wolves that are causing the sharp sell-down so that they can buy cheap. They did that to VS as well as KSL. KLSE is not a well regulated exchange and Teo Seng's management do not yet has a share buy-back program to support its price and prevent raids by the wolves! The only way to deal with those wolves is not to sell. Sooner or later Teo Seng may not tolerate such attacks on its share price and act to support. I repeat: yesterday's sharp sell-down is not support by any bad news affecting Teo Seng and therefore unjustified. So hold if you have the holding power and is a longer term investor. Sell and you'll feed your hard earned profits to the unscrupulous wolves!
Teo Seng is an up-trending stock and the weekly up-trend is till intact despite yesterday's sell-down. The wolves' tactic is to cause such a sharp fall as to dent investors' confidence so that the price will then drift down so that they can collect at their TP. They are working as a syndicate.
To increase confidence in its share from both institutions and retailers, Teo Seng must implement a share price support buy-back program to fence out sell-down raids by the wolves. Otherwise high volatility leading to unstable share price will neutralise the upward stability of its business in the eyes of investors and lose it confidence. Then it will be a long, long time for Teo Seng to realise it's TP if at all.
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....
BursaFollower
97 posts
Posted by BursaFollower > 2015-03-23 12:18 | Report Abuse
good fundamental... please rise