I still remember the day MahSing make announcement during lunch, the share price dropped to 0.725 but next trading day LU... will the history repeat for this counter?
There should be a some good profits next week if we’re patient. I cut win today, also expecting a bigger rally. Anyway yea.. remember very clearly mahsing play as well.. loaded up at 72c.. din tp, n got spooked out at 725. Next few days we all know what happened.. could happen again here next week fingers crossed. It is very good news end of the day.
Its not logic when news come out but the share goes down.... Guess gonna be like mahsing news came out the share goes up the next day...on monday we will now the truth... I got strong feeling gonna shoot up.... Pe still in negative -58
U see,KYY say AT will be 70 cents x3 billion will be rm 2.1 billion value.But if it put on Salcon, maybe should be put above rm 1(because of 51 percent stake)with value of rm 1 billion.U all still sell.
Based on kyy's calculation and extrapolate to Salcon with 3 billion gloves and 51% ownership and 1 billion share issued, the earnings per share is 8.8 cents and at p.e 15, the fair price is 1.33
BUying a brownfield glove manufacturing is the fastest way to gain entry into the lucrative market. With deman probably getting higher even with several potential vaccines coming onstream, gloves will still be needed. Demand will even grow more . With a profit guarantee from the acquired manufacturer, the minimum profit will improve the bottom line.
I would like to share my experience with AT warrent C. I bought at 6.5 cents shortly after it announced venturing into Glove. Thereafter it went down to as low as 3.5 cents within a 6 months long period. Thereafter upon completion of pp, the price skyrocketed to highest 27 cents. I cashed out all at 24 cents and Switched to Salcon at average 39 cents. Now I am stuck. However, my experience tell me if you have the patience and invest with spare cash, you will definitely see the light of the day. Warren Buffet said share market is the game of transferring wealth from the impatient to the patient. I made my 1st million from AT. I believe will make another from Salcon
Mahsing went down after the announcement, then it went up the next day...
Michael Kwok Usually it will up once announce.But there always tricks behind to fool the people to sells in order to reduce the costs of pushing upward. 14/11/2020 11:26 AM
using TA u will notice salcon price is getting higher low, which is a uptrend pattern, plus salcon is purchasing a factory that is ready to produce glove
Kinda interesting.. Suddenly alll these comments flying in.. only gpsman commented on the glove. Now everyone is an expert in salcon. Once news out, it will drop then yes consolidate.. no one knows how strong will qr be in the future. But already giving tp. Utter nonsense!!’ Hold till holland?!!!
Sorry michael but u r full of crap... u didnt even know anythjng about salcon before it spike. Now coming here giving 50cents opinion
Excuse me,there have higher valuation when come to involve in gloves.Whoever who sell it will miss the boat.Some-more the company have cash over 100 million and meagre borrowing.
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....
kpsalak
264 posts
Posted by kpsalak > 2020-11-13 16:42 | Report Abuse
Kasihan... yesterday and this morning those who sapu like no tomorrow are all kena trappped.
News statement so beautiful but end up conning ppl