lim, yup most of the time, sell on news but havenport willing to buy 9.5m shares at 90+ sen, they will keep supporting the price, u shd go TCB and ask them ta on salcon
ON chart reading , the last daily bearish engulfing candle coupled with downtrending RSI shows its weakness. The next support is 0.8300 which may expose if the bearish sentiments continues....
phyroxus , I don't guess, i read chart and study various Price Actions(PA) , to derive my own prediction on the Market sentiments,coupled with the fundamentals of that stock, of course it will not be 100% accuracy.
I trade by following the trend and market sentiments...
Havenport Asset Management* is not affiliated to Legg Mason, Inc.
Havenport Asset Management("Havenport") is an Asia Pacific Equities specialist, headquartered in Singapore. Havenport's investment leaders have over two decades of individual experience investing in this region. They are individually industry leaders during this period, while working together in successful partnership for most of that time.
Havenport adds value to portfolios by investing thematically, and thinking holistically about the Asia Pacific region. It believes the region offers a wealth of alpha opportunities, which arises from persistent informational and behavioural inefficiencies consistent with a developing region. The resultant mis-pricing is best exploited through systematic analysis that comes from gaining a holistic perspective of the informational, analytical, regulatory and cultural gaps that exist on a pan regional basis.
Havenport believes original investment insights are best developed by fostering a culture that encourages varied interests, independent thought and open debate through confronting ideas, not personalities. It is energised by the process of synthesising its differing perspectives, and translating them into coherent and profitable investment themes. Havenport believes its business is critically dependent on trust. Trust is built by upholding the highest standards of moral and professional excellence, and by always operating in alignment with the interests of clients.
* Havenport Asset Management Pte. Ltd ("Havenport"), a Singapore incorporated company, is an independent employee-owned company incorporated in Singapore whose founders were executives of Legg Mason Asset Management Singapore Pte. Limited ("LMAMS"). Havenport is focused on managing Asian Pacific equity mandates for a broad spectrum of clients and the key investment personnel has been managing collective investment schemes in Singapore since 1995.
Havenport asset manager from Singapore bought 53m shares or 8% of Salcon in open market. The last 2 blocks were bought at average of 0.950 - 0.970 in the last few days, according to Bursa announcement. Havenport is now 3rd largest shareholder of Salcon. Anyone knows what it going to do?
Someone said Legg Mason is involved. Havenport is the fund manager for Legg Mason for South East Asian equities. Legg Mason is one of largest US hedged funds.
think salcon will up again. Price should hold at 0.9++ , plus they are in the final 2 of a rm200 million water project in malaysia and another rm200million water project in sri lanka . Plus their fibre optic is additional income for they, as they are close to secure a few telco company concession. Which would help them boost alot of revenue. Don't forget they are partnering with ecoworld too , the project likely to be rm1.3bil in johor. And investment bank is holding their share. Summore they are cash rich now. So keep calm, should be ok .
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....
kt99
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Posted by kt99 > 2014-06-23 18:22 | Report Abuse
new target price?