I mentioned many times already..if you are having this stock don't sell..analyze the pattern...Astro counter normally move up when index is red in colour..It remain stagnant or in correction mode when index is green in colour...Foreign fund is still buying but they don't want to be too aggressive...moving up slow ly but surely...just my one sen opinion cheers...
Just to share...I heard one corporate investors were saying that the minimum requirement is RM30 million for any foreigner that wish to purchase MSGI stocks....and ASTRO is considered one of the cheapest MSGI counter on KLSE...I hope this is true...Good luck to all that are still holding...
I am of the opinion that Astro shares is more or less cornered...
My rationale:
263,018,400 no of securities acquired from open market by T. Rowe Price Associates, Inc. and T. Rowe Price International Ltd. They are are registered investment advisors with the U.S. Securities and Exchange Commission and act as discretionary investment managers on behalf of various clients. T. Rowe Price International Ltd is a wholly-owned subsidiary of T. Rowe Price Associates, Inc.
VERSUS
THE RETAIL OFFERING OF 259,865,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC during IPO.......
Interesting to watch what will happen sooner or later....cheers
T. Rowe didn't announce their trade of the 263 mil until they reached the 5% threshold as per Bursa's guidelines. Because, only 5% and above are considered substantial and require immediate announcement. Therefore, they could have been buying and probably selling below that threshold for a while, prior to holding that amount of shares.
It will be interesting to see what is their target price, as their disposal could be substantial to impact the trading price. But for now, it seem like they are going to hold for a while longer before disposing, coz another announcement of their acquisition yesterday.
The ball is at the corporate investors feet to push up the price...Under normal circumstances Corporate Investors target ROI is between 70-100%...ASTRO will be another MAXIS...If anyone want to make money from this counter must think like the corporate investors....Commonsense speaks for itself...A US base company like T.Rowe won't spend almost RM 1 billion to acquire ASTRO stocks from open market if they don't see potential after doing their Due diligence in every corner...Just my one sen opinion...cheers...
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....
blekzz9
371 posts
Posted by blekzz9 > 2013-05-31 12:40 | Report Abuse
3.20 roadblock clear twice today..green light to fly..