Early in the morning, mkt operator pretended to throw down at 10.5 sen. But when I queued to buy at 10.5 sen, he started to stack up buyers instead. Lol...
Plus.. Turnover Rate is positive more than 10% is quite strong.. If turnover rate positive is time to rebound before uptrend.. BUT if Turnover rate is negative it might go down..
Still oversold not over yet.. Most of the traders get trapped at 0.115 - 0.135.. Very soft resistance at 0.135..if can reach 0.135 next resistance 0.165
Let oversold over first.. It might take 2-3 more days i believe..
Kfliau.. Turnover rate is neutral.. But money flow-in is still on going today.. Stock rebound but still weak sign.. Difficult to justify utk uptrend since oversold not yet over..
KLCI dah keluar BUY Signal harini.. Hopefully stocks to follow..
@kfliau..although the price slightly down but money still flow-in as same amount as yesterday.. At current market situation is quite difficult to estimate.. But with other indicator very optimistic for Mid Term is quite strong to turning up.. Short term is sideway.. No signal sell.. Buy signal is still strong..
The readings can be "distorted" by deliberate actions from the mkt operator. More reliable source - let the QR report speak for itself within days, either good or bad...
@John1234 Agreed. IPO at 16 cts. What I am afraid is many companies do creative accounting to make the accounts look good for the listing. After listing all the shit is exposed. I hope Mestron is not one of them
Kfliau.. Money flow out started yesterday.. Turnover rate - ve 4%..look not attractive.. Hope just retrace for short term.. Too many retailer involves.. Most trapped @ 0.12..
Quick analysis: i) recorded profit before tax 1.1million (see note 3) ii) the loss was mainly due to listing expenses amounting to 3million iii) however, gross profit margin dropped to 17% compare 34% in previous quarter (a warning!!) iv) cash flow from operating activities is still very healthy i.e. identical to previous quater - 1.9million
probably IB will remain buy buy lower the price target....previous buy call by Public IB and Rakuten
Personally do not suggest to keep on as margin drop is not justifiable as major pole sales was from telecommnucation and o&g sectors yet gross profit margin was only 17% (50% from from previous quarter). the profit margin was also far below the expected 30% as mentioned by ED during the prospectus launch!!!
As the average margin in 2017 and 2018 for standardize pole was 20%, the 17% figure is highly questionable
Though the company making loss but net cash flow (cash is king) much more better as compared to Q1. Hope with KLCI start to rebound mestron to follow..
The question here: Mestron just raised RM 25.28 million on 18th June 2019, but on 1st August 2019, they proposed to dispose of two (2) one-half storey linked factories -- Isn't it strange that within very short period, Mestron required the working capital again after listing of forty five (45) days?
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....
Suhaimi Yusof
22 posts
Posted by Suhaimi Yusof > 2019-08-18 08:03 | Report Abuse
Money flow in significantly increase.. But price still down.. Deviation.. Good sign to recover soon..