This same kind of thing i.e. mention of fair value happened again n again. As far as i can recall, i guess it must be Scomnet...a number of experts were saying its fair was arnd 70 - 80cts when it was trending abv RM1.10++ in May 2020. Certainly alot of noise raised when the share price was bullish.Somehow or another, the share price managed to peak at arnd RM2.40 in Nov that year...currently it is still trending arnd RM1.50+++. So what is the rationale behind it...
Fly, i agreed. As reverse indicator suggests, he could have done very badly whichever call, long or short..poor him..but we still need him here FOR THE SAKE OF HUMAN KIND! cheers..
Today drop 6 cents ... I bought small qty to try my luck ... Please go up so that I can earn some money ... Drop some more, maybe can average down ... Limit up or limit down also doesn't matter ...
QES operator very pandai one. Careful if you are trader. They make you cutloss when red days then suddenly price shoot up when RSI low. Because they want to reward the investors who hold the share even in red days. See the price history. Whenever QES break ATH, it will reach new higher low.
This is just operator game. They want to washout traders who set their TP RM1 previously and now they will cutloss. So easier the price to break RM1. Now QES price at intermediate support. Lets see how the operator game goes. If price break RM1 the share movement already in different game. As the stock consider high price stock. More new investors and traders who only trade stock RM1 and above will come in and ride the share.
• QES manufactures and distributes automated test equipment used in semiconductor manufacturing.
• They have a wide range of product line covering wafer inspection, post-wafer probing, post-dicing, wafer sorting and handling, as well as wafer packing and unpacking.
• In their recent 1QFY21 earnings, QES reported a record PAT of RM6.9m (since listing in 2017) supported by stronger margins and volume growth.
• From a technical standpoint, QES is on a strong uptrend and yesterday’s retracement to the 20EMA line serves as a good level to accumulate in anticipation for a rebound.
• We think a rebound to its immediate resistance of RM0.90 (R1; 8% upside) is plausible with further potential to retest its peak of RM0.975 (R2; 17% upside)
• Our stop loss price is set at RM0.78 (or 6.5% downside); slightly below support of RM0.8
Hey Hey..a bit late to the thread today..How's thing going..saw my account value drop by a few thousand so far as compared to yesterday..no problem..see how far this can drop..i saw many managed to pick durian too! congrats! 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....
n0vice1nvestor
13 posts
Posted by n0vice1nvestor > 2021-07-08 16:30 | Report Abuse
This company is overvalued, its fair value only 45c. But with consistent profit and company prospects, I think the fair value should be higher