KLSE (MYR): MSM (5202)
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Last Price
1.09
Today's Change
-0.13 (10.66%)
Day's Change
1.08 - 1.18
Trading Volume
9,925,600
Date | Open | High | Low | Close | Change | Volume |
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@Kylie no target price for this counter, too volatile. If forced to however, it should be 1.7++ first round and if it's clear to $2 coupled with earnings recovery, I will just ride the wave.
However this counter dare to sell dare to buy...I sold heavily those few days, now I am buying back some. Prepared to buy down to $1 again
3 weeks ago
This counter is like casino….. the management is poor if you compared against Robert’s era.
3 weeks ago
Fair enough to say management is poor vs Robert's era. But it is for the poor management that here we are given a chance to buy it so low.
Their greatest obstacle is the legacy Johor plant. Felda should not have done it back then but it is already built and sunk in. Current CEO's focus on changing that is the right direction. Can't be faulted too much if he fails to turn it around 😅
Their 2nd obstacle is the way they hedge. Robert is famous for making more in directional bets on sugar futures than the factories could produce. MSM today hedges out of necessity so there'll always be a time lag effect. They are trying to take fewer directional bets, with an aim for stability and ultimately paying back some dividends to Felda.
3 weeks ago
That's what's happening to the business. This stock moves in an entirely different way. Because it is so tightly held and so illiquid, the share price action is clearly driven by sharks more than fundamentals. Definitely right to say it's a gambling stock - thats why I am here 😂
3 weeks ago
Yesterday sold at RM 1.31 with 5%. Small gain better than lose. Looking forward to buy again when drop more.
3 weeks ago
Hard to understand right? 1.40+ all of us are sellers, yet buying volume was there. Now who is selling it down? Always hard to understand
3 weeks ago
Msm 1.29
If substain 1.30 range long enough,then 1.50 above the tp.
4/11/24 2.18pm
2 weeks ago
@ UncleFollower: when government no support this counter can never go up. Right now, is just a pump and dump counter.
1 week ago
Erm I am actually still pretty happy w MSM. The last round the rapid crash heading towards 1.00 with no support was scary. Then bottom apparently found. Now hit together with everything else is normal. Ringgit hit so badly. There's no where to hide, other than cash and large caps. I would take this opportunity to buy those being hit and when I run out of bullets, holiday. Merry Xmas gais
4 days ago
so used to do it, SHBL, almost everyday. suddenly 1 day just die down. feeling very uneasy. hahaha. off course it get mouldy if idle for several days. hope they pump to 1.30 tomorrow😘😘😂
3 days ago
time to sell high high on opening & buy back low low. sure good money in the making. cant wait😘😘
1 day ago
2024-11-21
Quarter Result
Quarter Result on 30-Sep-2024[#3] QoQ - -53.59% YoY - -37.98%.
1 day ago
All sitting at high posts and get fat pay cheques every month. This kind of easy work, only people with connections can get. Welcome to boleh land.
1 day ago
The whole msm management hopeless la. Do business they know iron meh. Ask them hanky panky confirmed number 1. People do monopoly business mostly make but in Malaysia is it the other way out. If I am msm ceo, I will immediately tender my resignation. Haha
1 day ago
1.10 can buy lah. next few days bounce if any can sell. sweet pot again like condensed milk 😂😂
1 day ago
If every q also lose money soon will be below rm 1. Back to the lowest price of 0.70. Yet all the useless management will still be getting fat pay cheques 😂😂
1 day ago
don't praise yet. 1.10 still in the Q. Guys, dont try this at home. trade at own risk. 😂😂
1 day ago
If don't have the expertise to run a company, just privatised it. See people do good, then want to buy over and when sendiri do the business, can't even do well as all the top management only care about their own pockets. Can sapu just sapu.
1 day ago
Bought back at 1.09. Buying at 1.09 is scarier than buying at 1.22. Different times
1 day ago
Matched more at 1.09 very close to closing. Not sure can laugh or not yet. Day 1 drop 10%. If Day 2 drop another 10% we looking at 70-80c then really can't laugh liao 🤣
1 day ago
This one...after so many rounds, I think can buy on the way down. Catch the falling knife ouch. Just buy because there'll be a goreng, then don't be greedy remember to sell
1 day ago
UncleFollower
Moving very nicely.
4 weeks ago