IPO priced at 57cent.. see Suncon, already touched 1.20(IPO priced).. Omg..omg..omg... Why semua org takut.. mahu sell, sell, sell... all of this is because of their sentiment... pengecut.. last2 org lain pun kecut..
Red-85, this counter actually did very well on 1st day. Those of us who sold already took profit. Those still holding, hopefully today market will up for you all.
haha ... sorry ... all eyes on 11am muhiddin conference ... if he said something not nice to najib, ikhmas will visit 70 cent. be prepare. dont say no tell !!
only ipo ppls score in this counter... dont buy unless you got the IPO. this counter no worth the current price, surely will drop back to IPO level soon..dangerous..run..dont say i dont tell you guys..please do some reading/research on this before buy
Most of you here complaining dont even realize this is a laggard counter with strong fundamentals. Business is similar to Econpile Holdings and 1Q15 profit is RM8.5 million. Annualized that is RM34 million and you havent even assumed further growth which is very doable considering their order book has only increased recently and there is a high potential for orderbook replenishment..34 million deserves a PE of 14 times like Econpile = Close to 500 mil market cap. Why I say 14x eventhough it is new and havent been winning contracts like Econpile? Because...Ikhmas Jaya is net cash post-IPO unlike Econpile which is slightly leveraged..Therefore Ikhmas Jaya is a safer play in a weak economy, which does not affect construction projects as the budget has already been allocated for it :D. BUY BUY BUY. Based on latest profits, share price should be around 90-95 cents. Wait for political news to clear then it will zoom back. HUAT AHHHHHHHHHHHHHHHHHHHHHHHH
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....
traderman
7,854 posts
Posted by traderman > 2015-07-28 15:57 | Report Abuse
guys, politic reshuffle in malaysia. how good a stock also will fall !!