Support should be around RM1. Contra players mostly had cut win cut loss already. Now waiting if those subscribe during IPO to take profit. Who know later below IPO price then no profit but hold for ages.
@Baby Shark, I bought at 1.21 and sold off yesterday.Market is bad, got profit just take lor.If you bought low > 1.20 then just ride on.My gutfeel that it would come down.Anyway, good luck.I'm now waiting for next Wed. listing of I-Stone.
I do agree with the statement of goreng is an art. The key here is to know when to enter and exit. Technical knowledge comes into play here. Of course, the counters need to have some fundemental as well.
Don't be so naive (newbies) that a comments by a nigerian prince can change you to a millionaires. (Look before you leap) Don't attempt to jump into a pool of crocodiles.
Apart from enhancing production capacity as well as efficiency, UWC intends to automate some of the repetitive and laborious tasks in its production processes and implement an automated material handling system, besides expanding its service offerings to plating surface treatment services post-IPO. We derive a fair value of RM0.96 based on a c.13x PE multiple to its FY2020F EPS of 7.4 sen. The IPO is expected to raise approximately RM57.4m from the issuance of 70.0m new shares. Besides utilising 56.0% of the proceeds for the purchase of new CNC machines as well as industrial robotic arms and material handling system, 5.0% of the proceeds are allocated for working capital that are earmarked for long term future growth.
That's a thing..the current price is way higher that most TP given by analyst. I understand most analyst give discount from their 'original' TP. The discount usually around 10%. Like Greatech the TP by Mahbank is rm1.08 while it was at around 85c-94c. So we know there is great upside potential although they are not always correct.
However, lets see the movement pattern next week. Hopefully the analyst were wrong and underestimate the company.
There r more than 20 syndicates pushing up or pulling down the IPO shares. Hv to be careful. They spread all kinds of news to make fast money using share margins. discretionary financing, bank borrowings, etc to trade. These r short term financing. Once loans mature n they call in d loans, price will drop. Good example is MI, Keyasic, etc. As they push up, they can also push down to collect cheaply, like LHI whose forecast is expected to show good 3rd results , their Vietnamese n Philippines chicken n feedmills operations r running at full capacity, etc. In Malaysia n Spore, they r increasing capacity, esp their rte, etc, n supply to KFC, etc.
Istone. Direct business transaction 124.733 millions done at average price of 0.1708. Be careful even though counter closed at. 245. Lots of stockists got burned. Luckily for the Proprietary Day Traders (PDT), they r not allowed to trade in ACE counters. Only the syndicates win. Heard that the PDTs got hit badly trading in UCW. However syndicates won big. Not sure how much price will dive at maturity of their financing period.
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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....
thinkfirst
3,146 posts
Posted by thinkfirst > 2019-07-12 10:19 | Report Abuse
1.36 add