dont play derivative trading you need to pay huge cost...thanks mi for dividend again..but if you can make it rm1-1.2 i would happy.. i got holding power not like,u
Janathanlum: last friday no change price and today dropped 1 sens, i assume give u bonus dropped 4 sens today, can cover transactions costs, interest costs which counting daily?Unlike me and partners we wanna to buy and hold, my partners wanna to put rm500k each and some more we can reinvest our dividends and dont mind to hold till 3-5 years we know the reason why we should buy. Dont play fire, finally burning your own hands..
Just read this......... 'Technology index volume needs to pick up to add strength to rebound' From a technical viewpoint, Bursa said the Technology index's volume needs to pick up to add strength to the index's rebound.
While share prices of the Technology index's constituents have been rebounding over the past three weeks, volume throughout the rebound phase thus far has been relatively low vis-a-vis its historical volume profile, according to Bursa.
"From a technical perspective, should the volume profile improve over the immediate term, traders/investors may become even more convinced with the durability of the rebound.
"Naturally, the one question in investors' minds would be the sustainability of the rebound. Besides considering the sector/companies' fundamentals, price signals/technical analysis may be able to assist investors in forming their investment thesis on the sector.
"It is worth noting that Technology index's chart pattern is closely correlated to the Philadelphia Stock Exchange Semiconductor Index (SOX), a modified capitalisation-weighted index [comprising] companies that are involved in the design, distribution, manufacturing, and sale of semiconductors.
"These similar price patterns infer that most of the big technology stocks listed on Bursa are heavily exposed to the global semiconductors' supply chain and the industry's cycles. Hence, it is worth investing some time to analyse the current technical state of SOX," Bursa said.
cyeec2000, not wise to keep your money for few years if you can roll your capital in other potential stocks...after rolled, you can come back to MI....unless you have money and dont know where to spend...
Cyeec2000. TBH I still planning to geh more Mi especially with today closing price but what make you so confident about this counter? Can share some of ur insight about this counter ?
Wow. Yesterday's drop was 5%. Today's drop was 5%. Could the significant selldown be due to EPF selling off the remainder of the shares on hand since EPF has ceased to become a substantial share holder? Take a break to let the storm pass.
We must have holding power when buy stock and MI is at historical lowest price , the risk is very low compare to other over goreng stocks , nothing to worry about , just a short term knee jerk selling !
Cyeec2000 Although still planning to buy more into my portfolio but still wan to d to ask you why so confident in this counter .Any insight that can share with us ? Tq
Judging from the way Mi pays dividends, I think it would be advisable to sell when opportunity arises. The owners are paying themselves handsomely when they should be reinvesting the money into growing the business just shows that they are comfortable with the status quo.
@NoTimeToTrade & they are paying themselves handsomely? the 2c dividend is consider handsome dividend. LOL, you must be a easily satisfied shareholder. Generally the dividend is consider low in shareholder point of view but Please attend AGM and you know why they pay such dividend.
NoTimeToTrade
Judging from the way Mi pays dividends, I think it would be advisable to sell when opportunity arises. The owners are paying themselves handsomely when they should be reinvesting the money into growing the business just shows that they are comfortable with the status quo.
My opinion towards MI is a value stock for future. I suspect the current down move is because EPF is selling the share. Thus, we should not panic selling. However, I guess it might drop until RM1 and it can be a good opportunity for us as well to buy in a lowest price.
MI reported a net profit of RM18.7m (+46% QoQ) in 2QFY22 (driven by customers’ capex expansions and the strengthening USD against both MYR and NTD , not sales of land), bringing its bottomline to RM31.5m (+6.4% YoY) in 1HFY22. Cash per share is 42 Sen, with minimal debts.
Thank you iyin666. That is why i get so upset when ppl disseminate false information. I just hate it when someone just pass untrue info to other reader. Please don embarrass yourself and learn to read the financial report
I'm no expert, but I believe everyone is expecting a recession, and hence tech stock earnings will suffer. Most people believe that electronic devices are a luxury rather than a need. Having said that, I believe electronic gadgets such as phones and computers have become necessities in our life as we go more into the digital world. According to research, ewallets will be on par with credit cards. I now use ewallets more than cash or actual credit cards. Android phone usually last between 2 to 3 yrs. If not broken, it will be outdated. Hence i believed the recurring consumption of electronic devices will somewhat support the market. That is just my opinion....
If the price is at rm 2.xx - 4.xx with PE > 30 then i wont encougare you buy now , when u see my name buy a stock then u can be sleep well because my principle for buy in will stick to 5 reasons :
1. Historical low price 2. Future growth (Never ever buy sunset past tense business like glove !!) 3. Decent Net profit ,EPS 4. Panic oversold golden cut in chance ! 5. a stock which can be hold for 3 to 5 years for multiple gains !
Just remember my 5 principles in buying stock n u will never reach holland just like glove tards ! My dnex has been dropped to 7 sens during pandemic lock down but now look at it share price u know a future business stock wont die foever !
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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....
NatsukoMishima
8,205 posts
Posted by NatsukoMishima > 2022-08-11 11:25 | Report Abuse
Operator starts engine now , keep for 1 month atleast 5k gain with 10k unit! Big boss will goreng back to 1.80 !