The next support is at 0.26. If that support broken, it will go down trend. For how long? I dont know. Maybe after Finance Minister stop talking rubbish, hopefully
I don't think those Q are Day Trader-----No margin to made ( if you are waiting here long enough, you know the trend----cannot make money ) But everyday there are buyers Since PNB+Kwap+EPF+LTH+ their maicai already holding 75%----it wouldn't be long the liquidity will dried up.
I have no worry about Velesto 2018 results (from now until Sept 2019). Maybe one /two surprise like securing Biz from Middle-East Countries. Ppl are jumping with joy when Sapnrg secure 1.8B for 2019 ( 2018 may see Red ) But they forgot (not IB) that Sap needs about 10B contracts for 2019 to squeeze out some profits ( 1.8B at 10% profit margin = 180m ) Sap needs about 450m(minimum) to cover Cost "every quarter"----
You need to have a long term mindset. Stock cannot up up up everyday. If you have done a proper analysis, you won't be bothered about the day to day fluctuations
Long term is for people who lived atleast 80 years ago. A time when you need walk to post office to send a letter to your broker and receive a reply a week after. Today, you can look immediately at your PC what your stock is doing. Why need to wait for years to get return of 30% when you can get it in a month? Not make sense
This company has been talking about going to Middle East since 2015. Let's be realistic. To go into Middle East, the rig needs to be towed to that continent. Who is going to pay for that and do you know how much it cost?
JJchan I have no worry about Velesto 2018 results (from now until Sept 2019). Maybe one /two surprise like securing Biz from Middle-East Countries. Ppl are jumping with joy when Sapnrg secure 1.8B for 2019 ( 2018 may see Red ) But they forgot (not IB) that Sap needs about 10B contracts for 2019 to squeeze out some profits ( 1.8B at 10% profit margin = 180m ) Sap needs about 450m(minimum) to cover Cost "every quarter"----
UMW-OG is currently bidding for 12 international contracts and 21 Malaysian contracts. International contracts are mainly at the Middle East, Indonesia and Vietnam. We understand that DCRs for overseas contracts are slightly lower than Malaysian contracts. Nevertheless, it enables UMW-OG to secure a foothold in the various countries. Although DCRs are lower, we view the aggressive bidding overseas positively, as it reduces the Group’s dependence on Petronas.
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2018-06-21 18:58 | Report Abuse
some said cannot get .275 again but in fact it went lower .265
even possible to .25 i think, who knows. so prepare capital to buy