Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Relax guys, Takaful price is bot controlled. Everyday you can see it opening high with small volume and press down to make it red. Not a “natural” counter to trade with technical charts.. but good value at this price, good dividend play
think you are right....looks like there is algorithmic trading in place... designed to keep prices within a narrow band....wonder if it is the foreign shareholders who danced within¹ the algorithmic trading......
This is why you never “trade” takaful based on technicals. It is highly institutional, bot controlled, but it is good value for those who just want to hold for dividends long term. It’s the kind of price and stock that you can sleep well at night with , definitely not for trading .
If everything goes well, “by right” Nov quarter should be a relatively better one QoQ. Takaful’s income relies quite a bit on investment and it’s MGS holdings, with recent OPR cut (bond holding value goes up when interest is down), and Klci stronger performance in Q3, Nov QR should be less concerning. But Takaful may very well still continue dingdong by the bot, who cares