Yes, I believe the earnings came in much better than most people expected but the bigger surprise is the 20 sen dividend.
They just paid 26.5 sen recently and to be paying another 20 sen, it's big bumper dividend from Perstima this calendar year.
Last calender year, they paid a total of 33.5 sen only.
Big jump in dividends.

So I think the huge gap up in the stock price is justifiable.

Yes, I am sure you will read, in terms of stock techinicals, that all gaps needs to be filled but there are gaps that will take much longer to fill.

Now I am not sure of the sustainability of the business ( I do not have a good grasp of their business ) and if you look at their recent fiscal years, their profitability can swing up and down quite drastically.

However, if judging on the stock technicals plus the set of good news (earnings+divi) , perhaps it might make sense to hold for the time being, at least go collect the dividends and then wait and see what happens after the stock goes ex-dividends.

Just my 3 sen nia.... ok?

lambethwalk I thought you had some Diwali goodies to share. hehe.

I meant... Diwali cookies...

Actually, I am sure you can notice strong earnings+divi = a good recipe for the stock to move higher.

Perhaps, you might want to focus on this tactic.

Stock fundamentals not bad hor.....

At current price, hard to win BIG.
As they say, stock looks be fully valued and I can't think of a strong catalyst to drive the stock much higher for now.

Wedges are interesting and many a times they can prove to be profitable.
But in Genm, a bit skeptical.
If really have the confidence or if I really want to gamble on this one, perhaps I might want to wait and probably buy above 440 provided there is good momentum.

Lunch time.

Felix no ask me ....







Can buy ah?

Past two days trading quite encouraging .....

Fulamak !!!!

Big time player wo...

Min accumulated turnover ... 3,500,000 .... lotsa zilos.

Your willow already ?

Still holding meh?
Or just whacked this morning?

Good to be optimstic.

Miss me so much is it?

LOL!

You are just a whacker and not a lover!

So fast buck back XDL meh?

Got so many type of holidays one.

Some fly near.
Some fly far.
Some fly many many many miles.
Some watch fly only nia.

Tomorrow holiday again?

What to do... what to do.. what to do...

Nice !

Gark's back and he's itchy to sell more....

Hehe.. can still date ma... download and watch lor.

Why not?

Buy above 440 - support already developed ma...

Nvm...nice work anyway.
Good step forward.

The catalyst wasn't 'there' but remember this stock got your attention 'due' to the chart.
Remember when you posted about it, it was already noted the 'past 2 days trading were encouraging'... ie there was some momentum seen in the chart.
Breaking 440 is like 'confirmation' that the market/'strong hand' wanted to drive the stock higher.
For example only, you could have used 440 as your entry and 4.30 as your exit.

I know this would have been a pure 'chart' driven trade.
Sometimes, it has its risks.

Who knows, you might be good in spotting such trades.

Insas is an very interesting animal.

In fact, that the fact it moved so strongly, I am guessing that it has left many people cursing deep down inside.
Why?
Insas has always been considered a candidate for 'value' investing based on yardsticks like NTA.

If I remember correctly, it was about 50 sen early last year.
NTA was about 1.40+ (if not mistaken)
Many bet on it.
Stock never moved.
Lagi teruk, it slowly fell to 40 sen +.
In fact, I think it fell below 40 sen too a couple of times.
It was a lousy stock.

Chart...



Stock movement this year was more positive...
Better movements but the corrections was just as pronounced.

But if you look at the bigger picture, you cannot DISCOUNT the Inari factor.

Insas, if not mistaken, owns close to 36% share of Inari.
Inari a year ago traded as low as 32 sen.
Inari, in Aug was trading as low as 71.5 sen.
Inari closed Oct trading at 1.36

In Aug, Insas, NTA was already 1.54.

No matter how you look at it, Inari's stake in Inari.... has gotten
Which means the value of Insas has increased ......

Again, one can easily push Insas as a value play.
And then you have the Edge adding oil by suggesting the m&a plays...
And then TA shares are hot hot (helped by lou sai buying news source ) ....

Is this why Insas was push and pump and pump so hard yesterday?



For Felix.

Also got announce rights issue .........

Also got into the news also last month when Mirzan announced he dumped his shares.

New owners? Rights issue?

Can ah?