Sam Engineering & Equipment Bhd today opened at RM6.58 and closed at RM7.06. The candle-stick pattern for today is call a 'white marubozu’.
Marubozu is the name of Japanese candlesticks formation used in technical analysis to indicate a stock has traded strongly in one direction throughout the session and closed at its high or low of the day. A white marubozu has a long white body and is formed when the open equals the low and the close equals the high. It indicates that buyers controlled the price of the stock from the opening bell to the close of the day, and is considered very bullish.....
To be very frankly, I would only risk my capital on common stocks with healthy cash flows. The likes of blue chips (e.g Tasek Corp & Keck Seng), growth stocks (e.g. Wellcall), defensive stocks (Apollo & Kim Loong Resources) and certain second liners (e.g.Imaspro & OKA Corp). To me 'derivatives are explosive'.
My nemesis was Insas Bhd. Tried a few times but never won once. Year 2014 I tried Solution & Vis-Dynamics of the ACE Market. These counters went (almost) limit down the very next day I bought the shares.
I have to admit that certain things are genetically borned. What is not yours is not yours no matter how hard you try.
In factuality, our economics fundamentals had deteriorated due to 'political instability' ; 'still weakening RM' and ' still falling crude oil prices. Slow in economic growth globally and inflation are the world's prime concern.
But, share market performance and a nation economics (national income, national debts, trade surplus, balance of payments etc) might not have any coefficient of correlation.
Just to quote an example, every one knows that our household debts had increased in an alarming rates and yet Aeon Credit (M) Bhd's share prices, I would say, still on the high side. Cardholders owe her a hefty RM1,678 million as at 31May2015.
Thank you for supporting Sam. For those who support my call after my first article and holding until now should have earn about 70percent inclusive dividend. I still believe my target price will be archieved when the next quarter result come out.
hi itjustaboutheprofit, thks for your good analysis for this stock. sam really has powerful management n move right to their target. also waiting for magni to awake hopefully by next week.
if u look at sam's competitors like kai aerospace industries ltd korea and aidc taiwan they all are multi billion com and produce their own military aircraft to developing country like thailand ,peru and so on. sam just a small cap cam but back by temesek is being one of the four engine casing producer in the world recognize by ge, who know the reason?
Mr.ckwan,are u full time trader? May I know what stock u aim besides Sam? Anyway I'm Sam holder as well..cheer..let make Sam to RM8 after split and bonus share news out like topglove and magni
The immediate TP for SAM is RM 10.25 based on its intrinsic value as of Aug 2015. I expect the November quarterly report to be spectacular with some goodies in situ.
If we refer to dcf model, assuming discount rate @ 9%; 4% growth rate for next 5 years; terminal growth rate 3%; IV would be rm7.60. I am being very conservative already considering its solid order book. If i were to be more optimistic, assume 10% growth rate for next 5 years, IV would be RM9.5. :)
Rm8 is a very reasonable fair value. Its pe would reach 15 if it hits rm8. Any corporate exercise or quarter report release would push it up further. Sifu icon8888, mind to share at what price you would consider to exit? :)
Next week must be Very Very excited for SAM. Believe this 2nd Qtr result must be overwhelming. And i do believe corporate exercise could follow suit like @Rosmah said.
Sam... looking at the huge jump in price movement last few days. Possible announcement on bonus issue and share split soon.. and we should expect big jump in company earning next month
Relax. This is the long overdue shakeout. However it closes today (except a long white candle), the next few days should see it find its consolidation footing around the 6.7 to 6.8 region, being the strong support before the next spurt. For the amount of shares I have, I won't sell cos it's difficult to buy back at levels and quantity that I want. So, I'm holding
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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....
sook
49 posts
Posted by sook > 2015-10-16 15:49 | Report Abuse
Congrats to u lucky guys, learned of it fr. one sincere sifu in this forum, but was distracted by some other advisors