Success in Stock Market through Value Investment
The download trend line is moving faster than previous, and expected more cut loss or profit taking.
This is my worst performance stock 2016. Sigh...
I cannot initiative sell as the financial still in healthy mode, and I only can average down when I see the bottom forming. This is my weakness of fundamental way as expected will dip further but unable to cut loss.
:-(
Not sure next week will sell down or not? High possible short term players will rush to quit as they might expected better performance but end up lower profit.
But,
market is sometimes really unpredictable, announced higher profit but price went down (this can be link to theory of buy on rumors sell on fact).
But also,
it reflected correctly like GADANG, once announced lower profit, gap down sell.
But also,
i see some companies announced lower profit or even loss, price go up.
so,
what i can understand from here is price is telling you about future, not the history, not current. As a low profile and cash rich investors with better information than us, will react better than us.
Let's see how next week Chinwel perform. Of course i will keep it as long as the company financial performance is healthy. I will give it a chance and also at the same time train my patience. Is my excuse also :) as I hate to sell at loss if the company I think still got chance to fight back.
Famous public well known investor Mr. Koon Yew Yin holding CHINWEL as reported under 2016 latest annual report.
Today dividend ex but stock price not performing. So, waiting another dividend proposal.
I would say must keep must buy stock. Now is in aim the bull wave 1. Financial health wise no need to highlight as it now solid, cash rich and growing business. It is just matter of time building a strong uptrend.
*CHINWEL*
Buy above 1.60
Target price :1.92
Cut loss at 1.54
PBT2016: 74.8mil
PBT2015: 57.1mil
NetProfit2016: 63.4mil
NetProfit2015: 40.7mil
EPS2016: 21.2 Sen
EPS2015: 14.4 Sen
DPS2016: 8.5 Sen
DPS2015: 5.8 Sen
NTA per share : 1.65
Share Issued: 299.5mil
Dear trader,
Potential stock to buy today:
1/8/2016
1) MASTEEL (5098)
Price : 0.565
Target price: 0.61,0.665
Cut loss: 0.495
Sector: Industrial product
***shariah
2) CHINWEL (5007)
Price : 1.48
Target price: 1.64
Cut loss: 1.36
Sector: Industrial product
***Shariah
3) PERSTIM (5436)
Price entry: 6.39
Target price: 7.00,7.40
Cut loss: 5.75
Sector: Industrial product
***Shariah
Source : RHB RESEARCH INSTITUTE
Disclaimers: This trading ideas are issued and distributed in Malaysia by RHBIB only . The views and opinions in this ideas are our own as of the date here of and is subject to change.
Love this chart trend. Finally it's starting the massive bull shooting. Wave 3.
