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actually tbh, i believe this stock has very good potential to increase due to vaccine supplier the largest among the companies, backed by govt, e-license renewed for next 3 years, a lot more upside than downside. need support from all to push up the price. Even thought I bought high, I don't mind keeping for long term for dividend. just sian looking at paper loss.
if i remember correctly this week, suppose some news on whether it is requirement for vaccine to be Halal. Our Agong will decide on this if unmistaken. I got a feeling it will be mandatory if available bcos Indonesia already mandatory for vaccine to be Halal. Knowing Malaysia, we will also follow in order not to lose face to our neighbour. if so, then guaranteed MyEG will fly. what do you guys think?
just curious, when u all buy and run at paper loss, do you include the cost of brokerage as well? typically the brokerage cost is around 2%. I factor this in all my sale price, do you all do as well? if not, why not?
@Patrick, perhaps you could take into account, as the fees do eat into the profits @break even price and may result in loss. Happen to me in BAT last time. so now i need to take into account. from experience and calculation, its approximately 2% for me to break even.
yes, I also believe the TP of rm2 is low. the future business prospects for MyEG is really bright. then again, if you read analyst take on Genting and GenM, they also gradually increase the TP. guess they wanted to err on the side of caution
ahaha.. today a bit hard.. budget 3rd reading... most ikan bills will be spooked. but.... I foresee wayang kulit only, nothing will happen, opposition leader will bark as usual. at the end no one wants to upset the agong. mark my words
meanwhile gloves very active today, I smell sharks in glove counters.. all 6 counters up this morning like previously - only to fall down again all together as well. I think this play to trap disillusion ikan Bill's glove players trapped in penthouse view... they will dollar cost down and kena trap again and again like the other day.. they are bound to believe as a lot of spin doctors at the glove forum fanning the fire to buy buy buy
bro, you better get now.. if u wait Feb, the price high d... I bought quite a lot .. very stable.. go see.. no one wants to sell cheap that's why no one can shake these 2 counters.. historically these 2 give very good dividend esp GenM... Genting gives capital appreciation.. use this app and see the 10 year price range.. and I am not spinning for your info
I am confident by CNY, Genting can breach rm5 and GenM rm3 ... long term view all Genting holders confident if nothing bad happens within 2 years Genting can climb up to RM8 to RM10
Mavs Sky / Fo San, I let go MyEG at 2.0 few days back, cause waiting chance to explore BAT and KLCC... now waiting for MyEG to be nice price before going in again
Elvis is in the building! Am back to lend support guys. manage to buy a few small lots near bottom price to test water. Price should go up tomorrow since it dropped like nobody business today. Manage to pick up a few lots of Airport as well. I like the market drop cause its like going shopping for sale item.. slowly catch the monkey for bargain
Fo San, better exit gloves. its ticking bomb. I went in few times and then exit. all I can say is you need strong stomach to withstand the uncertainty in gloves.. the price increase for top gloves only few sens.. dont be fooled bro. supermax, maybe.. the fluctuations in glove counters are due to big players who are stuck there trying to excite the smaller ones to buy.. been observing past few weeks
I bought a few BAT and few Airport yesterday during pandemic sale, today BAT recover. Airport still got chance for you .. it's for medium term hold.. and their dividend is amazing. the 2 Genting which i mentioned, if you bought yesterday then congrats.. you would have pick up some bargain as GenM and Genting hammered down but bounce up as quickly due to strong support faster this time
Bro, I have been holding Genting and Airport since last December. Sold and made some profit in Q3, 2020 when I had chance to make small profit. That time I had limited capital so had to calibrate my portfolio for returns. I increase my capital in Q3, 2020 and was able to explore more stocks and revisit the same stocks when the price fell back. I look at the company earning potential for future, the 2 Genting last traded quite high, and once the vaccine roll out expected completion by June 2021, will increase in line with the theme park and gaming ops. The company also has 32 Billion cash reserves. Q3 vs Q2 performance was quite relatively good given the circumstances. They also good with dividends in the past, since i bought last year, I received around 2 to 3 times from Genting shares. Airport is monopolistic owns a large land bank, operates the few airports in MY and 1 internationally, if gulung tikar also, the land has value. BAT is a good defensive stock and gives good dividend.. see all the chart performance and compare with 5 years - 10 years ago and you will see the potential.
Top Glove dividend is attractive at 13.5 sen to its current price around 2.x% i last calculated which is higher than bank FD, but if the stock price tank, and you suffer paper loss more than your dividend received, then i dont think good idea lo.. I was monitoring the TG stock too due to the dividend looking attractive but TG too many surprises lately, getting problem with the authorities, possible import restriction to US (still unresolved if not mistaken, TG says submitted action and should be approved year end. well 31 Dec is aroung the corner), they buy back stocks, boss company also buy back stocks, EPF dispose of the stock, etc. Meanwhile, book order is until 2022 (?) but does the agreement says that US and overseas buy at the agreed ASP in the agreement (or only QTY to be purchased at prevailing market price is stated in the agreement?). Even Air Asia can cancel buying planes, even if selling price in agreement, can US dispute the selling price and insist on prevailing market price at the time (which might be lower as possible vaccine success and thereby lower demand for gloves leading to lower ASP.
Other thing is that when the stock was trading at a high RM2x.xx each and they split the shares, I remember the price each share was around RM6.xx. So technically the share price already based on previous high. Just my observation bro, best be careful with these stocks. if you go in for the dividend, what guarantee, they will continue to declare high dividend in future? they already spent a very huge chunk of profit to buy back the shares into treasury. If they are like MyEG and cancel the treasury shares, the share capital will reduce. if no high dividend in future, then you may have to focus on capital appreciation
note that for all the stocks, you have to consider their previous price have history or not. Then what justifies the high price. if the high price because of sudden interest or due to strong company fundamentals? once you put 1 and 1 together you will have clearer picture.
Fo San, I didnt realise that you are a TG strong supporter (based on your comments on TG group). Sorry if I offend, didnt mean to. Sincere personal comment that i share with you on the stock. For your info, i did invested first time and lost few Ks in TG, then second time also went in and lost on brokerage. Also tried Kossan, that one also tanked. So maybe I have no luck or bad timing on glove counters. But whatever it is, I find risky to invest. Maybe you will have better luck than me. I agree at the end of the day, all of us want to cari makan in equities, no point shoot here, shoot there, not productive at all ya.
Just to add in more dynamic on glove counter. People trying to hide their head under the sand kena stuck but said that buying it is for long term investment. As if like giving long enough time, will save them from disaster. From fryer to value investor, by no choice.
If really the post boom market is oversupplied, overcapacity, then the most likely scenario, is a market where big players will throat cutting small one, and small one trying to survive, all that orchestra well to make glove price below cost price...i.e. rugi. You try long term invest in that sort of market. Many glove investors say long term invest, what they actually means, is to hold until earn, no cut loss strategy, believe in the boss, believe in blind faith, no sell, no loss.
Fo San, I bought in at rm8.60 during when highs reached rm10.xx .. but when it dropped to rm7.70, knew it will go down further and I was right. before you know it it's at rm6.50. my bad as ignored the rational which I mentioned earlier and paid a high price for it. learned my lesson well
bro there's an app which you can download and will calculate the brokerage cost and help you see if you can get net gains..its called 'My Stock'. .. about 99% correct as you cant tailor brokerage rates so need to try and match the preset brokerage
lol, I think I paid Bursa lot of mollah to learn trading la .. expensive school fees.. glove and Sumatec both also loss a lot.. luckily other trade and current holdings have surplus
Jeffrey and Fo San both agreeing with each others glove theme had ended, which is now the mainstream sentiment.
I dunno what sifu to mislead ikan bilis lah... but even now many sifu shared the same idea.
So it is safe to invest glove counter. Mark my word, market had been wrong on the vaccine impact. Vaccine hesitancy is what the market didnt reflected in future scenario of likely event. 1. low mortality rate due to vaccine 2. hesitancy 3. global pandemic-> prolong abnormal profit for glove.
Fo San, lucky you ran from gloves. Today free fall again. Many enjoying penthouse view. Btw, I just sold off my holdings in this stock. I came to conclusion this counter better to goreng instead of holding long term like the other stocks. the price is not stable. too many other players like to goreng. i may come back when it is lower.
the digital license vendor for immigration apparently already identified by the administration. last time Iris and MyEG, now got new players out of the blue like Ancom, etc. a lot of grapewine buzz on possible vendor being appointed now that OLD administration no longer in power. Also, mandatory halal vaccination is now looking like a distant reality given last week decision. Chinese vaccine has only 50% - 90% success rate. All looks like a ticking time bomb la if you ask me
@Real Bursa Hunter, its gonna be tough. this counter doesn't move away from a narrow bandwidth pricing. it doesn't have enough buying interest momentum to lift pricing. if you ever bought in high 190s... you will either need very high volume to quickly catch high price and exit or you need patience and time for it to grow