Here's another posting about chasing down the beaten down stocks.

Petdag's profit report was just released......



Petdag last traded today at 20.50. 

First posting in July. post #1624



See also post #1953

See also post #1960

chase the stock down?

Here's the updated chart..........

Nope I think it's not that weird.

Look the stock had rallied strongly since that 'brief correction' and was actually trading higher (before yesterday's fall).....
That's the simple sign of pure strength for me.

However, as you know, the plunge in the oil markets, has traders getting nervy.
Hence, for me, it's understandable that some would want to take some money off the table.

That the stock fell 5% is ok.... for me.

Having said that, normally I tend to disregard research reports.
And I certainly wouldn't pay too much attention to them boys/girls playing for EPF.....

But the report from Maybank has a valid point.
Strength in the MYR against the JPY is a positive factor for BJAuto.

And the currency pairing chart does show the strength  ultra weakness in the JPY.....



And the chart of BJAuto...



Well waiting for the next quarter profit report next month sounds a good move........
but you might want to put a 'stop/cut' position at 3.40.

All the best.

LOL!

Felix, I cannot advice what to do laaa....
I am not a PRO.
Having said that, you might want to go over the old posting links I posted last night (esp comments made to you)......
Yup, in the first place, I would NOT have purchased the stock as highlighted since July 2014...............

As it is..... some facts for your consideration....

with the lower EPS, the stock is still trading at a pe multiples over 31x!
And current FY total dividends for 3 quarters is 38 sen vs 52.5 sen.
p/s OT a bit....   

Sadly, everyone is programmed to think that all plunging stocks means bargain hunting....

The danger/RISK in that thinking is........

THERE'S NO WRITTEN GUARANTEE THAT ONE WILL MAKE MONEY 100% WHEN THEY BARGAIN HUNT!!!!

Yup, if one buys a stock whose earnings is deteriorating rapidly.........
one could get whiplash by investors cashing their chips out of that stock....
and what used to be a bargain.... could get a whole lot cheaper !!!!

I hope this is another example that highlights why I do not particularly like to bargain hunt trading............

nobody discuss bout MYEG?

Airsia trying to break from its consolidation?

Rsawit has an interesting gap up!

Poor Skpetro. No power 

BJauto returns to pickup those late comers?

   

What's the plan?

CPO price can be affected by the falling crude oil price and rising USD?

How bull can it get la.....

Not for me......

what about FKLI?

Muhibbah proved me wrong also.................... 

Is that so.

Anyway, I just don't trust the company enough to trade in it.

Thank you for your insight 

If the price of jet fuel continue to drop, Air Asia may benefit from it by next year. Still too early to buy 

El Nino coming soon and B7 biodiesel program will be implemented this month. CPO price may increase soon so may be a good time to buy plantations soon 

I still have my DiGi, Bursa, Karex though

Have 10% cash now

Guess who is back?     

Petdag seems interesting.. even oil price high or low, you need to pump.... 

Also with the removal of petrol subsidy ... even if you don't like also have to pump

They earn a fixed margin of 5 sen every liter no matter what is the petrol price. 

But the price is still a bit rich for my taste, but beginning to look interesting. 

Petdag?

I had a mini discussion with Felix.....

Results been bad for the past few quarters....

Did you know I used to own this fella?

Anyway, I will wait until I see a clear turnaround in earnings first.
Armada? Meh?
Really?
I dunno.
Never interested to look into it and the very few times I glanced at its earnings.. I saw decline in profits.

Below 60 is a bit too drastic leh.

Ya... I am waiting for more clearer results too.
Petrol station growth will be more or less muted, not much growth potential here.
Cooking gas ... there is still some growth. Future growth will be in lubricants... 
Now to see if they can turn the company around.

Armada catalyst is waiting for Kraken and C7 FPSO project to complete, these will not contribute to bottom line until 2015-2016. 

Next will be the Madura-Husky project & Eni 15/06, although madura have lots of delay, but I am optimist because Indonesian government is really really pushing for natural gas capacity. 

Armada's other segment will take a big hit in revenue from its OSV and T&I revenue, but those has been more or less priced in.