I will go in only when price drop to 0.70. This counter is becoming like leong hup when newly listed, it went up slightly above ipo price n started dropping thereafter. Till today leong hup never recover n trading at multi years low at below 0.60. What a scam counter, it is.
like i mentioned b4, take any rebound to cut loss as soon as possible, it will become like LHI. So happened that LHI IPO underwriter is Ambank as well. One should always avoid any IPO by Ambank as Ambank always give very high valuation of the IPO price, look at the target price for all the stocks given by Ambank, none every hit at all.
How come a newly listed company with so many cornerstone investors behind it can perform so badly n it less than 1 month, its share price dropped so low. Why eh!? How are the employees who subscribed for the share feel with such heavy paper losses.
from fundamental analysis, SWIFT ROE only 1% as compare to double digit ROE for tasco, FM, harbour. ROE is an important factor warren buffett use when buying shares, the higher the better. But sometimes high ROE could be due to high DEBTS, Asset = Liability + Equity, ROE = Earning / Equty.
Best scenario, high ROE with high equity and low debt, follow by High ROE with low equity but high DEBT, follow by low ROE with high equity and low DEBT.
WORST scenario is LOW ROE with low equity and HIGH DEBTS, n SWIFT fit in this group !
high DEBT and low ROE, meaning despite of highly leverage, you cant even use ur debts to generate good profit .... foresee more fund rising is require to service the debts, dont be surprised multiple private placement, right issue is on the way soon.
dont curse, cut if u have n move on. With this kind of fundamental, the only way to go is down in the long run. target price 30-40c when right issue come
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....
BE_GREEEEEDY
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Posted by BE_GREEEEEDY > 2022-01-21 15:09 | Report Abuse
huarttt chaiiii rm 1.00 anytime