Share price formed a positive breakout recently from the low of RM0.245 on the back of higher trading volume. Meanwhile, announcement that the company entered into an agreement to procure and distribute Covid-19 vaccine developed by Sinovac Biotech Co Ltd in Malaysia should spur further buying interest.
Don't worry . It will go up . Bintai careplus solution all shoot up a few days after the announcement . Investors need time and approval from bursa to buy large lots . So just wait patiently if you are holding small lots .
See the glove counters. Where people keep buying before the profits recorded. At the end the surged in the profit is something people are expecting. So no panic buy ( profit taking some more).
Bio counter when people notice the company profitibility after the quarter report, for sure panic buy is triggered.
Some more the EPF start buying bio shares, even create more panic buy. (In my dream :p)
I might be wrong. But less risk when you invest in solid fundamental company.
Bo promise to give high dividend to it shareholders. This will make the big institutional attract to buy. Big institutional not think like us where we hope the share price to shoot up. When they buying shares, they expecting high dividend as well and also sustainable company.
But to give high dividend, the company needs to gain high profits as well (which the bio is doing now).
Some say china contract only 3-5% net. But think like business man. I think this contract is the opportunity for bio to create networking in china market. They dont expect high margin yet for their first big project. But sooner or later when they expert in china market am sure they will somehow tweak the profit margin higher in the next big project. So definitely they need some time to establish their operation well in china. very positive they will try to get more contracts in other china provinces in near time. When bio got the vaccine supply from china show us how well their progress and networking grow in china market.
.ya..haha back to qr again .. big investor like institution prefer to look at qr.yoy report. so bio must proof it worth as shown on report qr.. vaksin news is good but must stamp in profit result ..need time buy it can prevail for bio.. buy low sell high..
Business only talk profit, profit and profit. Whatever good or bad news, also talk profit, profit and profit. Bioalpha only have to show good result. No good result is talking rubbish.
Future is unforeseen, it just an imagination only. If you think future is good then is good. If you think future is bad, then is bad. Again, profit is important for now rather talking future which can't control.
Run now and buy what stock and sure win? If got such counter and can win big, please do share. Else just hold only, emotion is your worst enemy in stock market. No wonder > 80% lose in the market!
Buy share than no money to pick up end up cut loss and ask other people to do the same.
This share will only pick up next week . Small player like us can't move the market.
The vaccine news came out 1 day ago . Usually the operator will wait t3 -t7 for contra player to sell off and collect at this period. Than only the institution play will come in
@ SleepingForest: The vaccine news came out 1 day ago . Usually the operator will wait t3 -t7 for contra player to sell off and collect at this period. Than only the institution play will come in
I think it may not be the case since contra players should only come in after the news released, which is after 2.30pm. But after 2.30pm, within a minute or so the price waterfalls. This is too short of a time frame to catch big amount of contra players. Only catch little if you ask me.
Prior to the vaccine news, the push to 0.3 last Friday shouldn't attract contra players/punters since the RI announcement will deter many away. Best guess is Friday's is genuine buying by insiders who get wind of the vaccine news prior to public announcement.
Just not sure what yesterday's price action is because of the immediate waterfall after 2.30pm. Not catching much punters and not riding the news to push up share price. Best guess is the intention to control the price around indicative RI price of 0.23. Though indicative, note that many historical Rights Issues has proven that the actual price does not stray far.
Anyway, some useless quote for the day to cheer you up by SUN TZU AND DECEPTION:
He will win who knows when to fight and when not to fight. To know when to fight, you must see the situation clearly and accurately. If you have been mislead or are befuddled by the situation you will not know whether to fight, retreat or do nothing. Those in the share market need to know whether they should sell, buy or just hold to what they have. Companies need to read the economy right to know if they should be hiring, firing or maintaining their current work force. It is only by being able to see through the confusion and deception can you know when to fight.
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....
Bigshow929
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Posted by Bigshow929 > 2021-01-26 11:14 | Report Abuse
Technical View: BIOHLDG (0179)
Share price formed a positive breakout recently from the low of RM0.245 on the back of higher trading volume. Meanwhile, announcement that the company entered into an agreement to procure and distribute Covid-19 vaccine developed by Sinovac Biotech Co Ltd in Malaysia should spur further buying interest.