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 STOCK MARKET DISCUSSION V150

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abcn1n
post Oct 9 2020, 01:58 PM

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QUOTE(lauwenhan @ Oct 9 2020, 01:52 PM)
I prefer MyEG over Dsonic in terms of fundamentals. MyEG is well integrated into our everyday life. JPJ, Kastam, JPN. I have no idea why Dsonic share price spiked except for political reasons. However, I do know that MyEG spiked today because they won another contract for Covid-19 screening and immigration services
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I know. My mistake. But I got a huge % loss, that's why I'm stuck in it.
abcn1n
post Oct 9 2020, 02:43 PM

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QUOTE(lauwenhan @ Oct 9 2020, 02:01 PM)
I am pretty active in Dsonic and MyEG i3investor forum.  Studied these two counters for a long time. Btw these two companies are notorious with insider activities. So watch out for any political shifts.
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Thanks
abcn1n
post Oct 9 2020, 03:34 PM

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QUOTE(Vanguard 2015 @ Oct 9 2020, 03:01 PM)
It is just a trading buy for me for DSonic. It has fallen about -50% over the past one month. The downside is quite limited. Valuation wise, I think it is oversold. Let's see if it can break the resistance of RM0.555.

I am not sure how much paper loss you are sitting on now. But you would know best the breakeven price required for you to recover.
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Thanks
abcn1n
post Oct 10 2020, 11:43 AM

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QUOTE(AVFAN @ Oct 10 2020, 10:18 AM)
EX = past, over, like your ex wife, ex husband, no more.
for those who can't access in full:

user posted image
https://klse.i3investor.com/blogs/glovehari...hold_steady.jsp
those issues discussed been around forever... only time will tell if anyone gets it right or wrong.

meanwhile, >37mil infections worldwide.
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I'm puzzled as to why EPF is not acquiring Supermax unless its because EPF has not reached the 5% threshold. If so, how does Bloomberg knows EPF's % stake of the other companies since some are below 5%?

Also, read that Supermax is going big into contact lenses in China. Is contact lense a profitable business and what's the PE of these companies like compare to gloves PE?
abcn1n
post Oct 10 2020, 01:35 PM

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QUOTE(AVFAN @ Oct 10 2020, 12:19 PM)
well, EPF buys what it wants to buy... can't buy all of them, i suppose.

info from bloomberg is probably from paid services..?
supermax is already exporting contact lenses to many countries from malaysia, has JV and acquisitions in Japan.

afaik, it is about to get profitable now after 2-3 years of initial investment.

some info here from 2018:
https://www.mida.gov.my/home/7431/news/rubb...ture-in-lenses/
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Thanks. The best titbit from the article was this :

In his speech earlier at the launch of the lenses, he says that his initial studies some five years back showed that the contact lenses industry had profit margins which were very high and could reach 1,000%.
abcn1n
post Oct 11 2020, 12:18 AM

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QUOTE(AVFAN @ Oct 10 2020, 07:28 PM)
are u a shareholder?

i am, will hold for long term.

i see good potential in what supermax (and TG) does.
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Yes. How long is your long term? I suspect once vaccine is out, price will drop a lot, so better to get out then and buy back again when price stabilized.

BTW, I read a lot about how expensive gloves are currently but in Malaysia and Singapore at least, price is still way lower than what people in i3 say they are selling overseas although they have increased a fair bit recently (now nitrile glove (RM30-RM40 ) is about 50% more expensive than latex whereas in March, it was slightly cheaper in Malaysia). I did some search online and it seems that some nitrile gloves selling overseas are about the same price as in Malaysia.

This post has been edited by abcn1n: Oct 11 2020, 12:19 AM
abcn1n
post Oct 11 2020, 02:54 PM

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QUOTE(AVFAN @ Oct 11 2020, 09:51 AM)
local prices come from local supplies, easily available.

abroad, current shortage, uncertified ones, counterfeits even.

gomens and institutions and other major buyers are paying much higher to secure supply and timely delivery, incl spot prices.

if u have followed the seminar and presentations, some suppliers are saying customers voluntarily offering much higher prices.
vaccine - everyone has a view, much already said.

i really have no timeline as to how long to hold but more watching reported profits and stock price movement.

it is pretty clear profits for next 4 qtrs or so will be superb... so, there is good visibility.

the pandemic is almost a year old now; what if it goes on like that for another year, maybe 2?

the bigger question is actually about the broader economy - what else will happen? in public and private sectors?
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Agree that next 4 qtrs will be good especially for Supermax. The biggest unknown for gloves share price is the vaccine. Anyway, read that some foreign funds bought into Supermax in September
abcn1n
post Oct 12 2020, 12:36 AM

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QUOTE(AVFAN @ Oct 11 2020, 07:43 PM)
supermax coming QR results will be stellar... 500, 700, 900 mil - yr make yr bet. tongue.gif

every forum and blog i read is now "promoting" supermax, incl KYY.

but nobody seems interested in harta's QR coming out earliest...?

not that i care much about that, but like some here, we do our homework, have a higher level of confidence about will happen and what will not.

immediate term, i see supermax going higher, TG very steady.

so, let' see tmr and the rest of next week!
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Bet around 800m. Harta has to prove itself first as it has been slow in raising its price. Its financials has not been impressive compared to TG and Supermax.

QUOTE(icemanfx @ Oct 11 2020, 11:44 PM)
acrylonitrile and butadiene are synthetic from mineral oil, there isn't known shortage in the market nor price is at historically high.

synt, a nitrile rubber producer, its stock price doesn't reflect shortage or historical high price either.
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I think there's shortage of some material that is required in manufacturing nitrile glove compared to latex. Have talked to a few pharmacists and they have mentioned harder to get nitrile gloves/have run out of nitrile gloves while still having latex gloves. Also, the great price increase compared to latex glove. I bought both latex and nitrile glove in March (nitrile glove was very slightly cheaper than latex) and recently nitrile glove is around 50% more exp than latex glove which price is around the same as it was in March.
abcn1n
post Oct 12 2020, 01:46 AM

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QUOTE(icemanfx @ Oct 12 2020, 12:47 AM)
nitrile gloves is more popular among medical profession than latex gloves, hence the shortage and price rise, and not caused by shortage of raw materials.

current latex gloves price indicate current demand is similar to a few months back.
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Oh, didn't know that nitrile gloves are more popular among medical profession.
abcn1n
post Oct 12 2020, 04:40 PM

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Entered danco today at 0.645. Now dropping. Hoping it will rise tomorrow. Anybody in danco?
abcn1n
post Oct 12 2020, 04:46 PM

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QUOTE(ChAOoz @ Oct 12 2020, 04:42 PM)
Bro bad luck. CMCO just kamboom the climb.

Was almost up 20% today and well to limit up
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I know. Sigh! But who knows what tomorrow may hold. Fingers cross

QUOTE(melt @ Oct 12 2020, 04:46 PM)
i was rushing to runaway today...sold at 0.63 with 3% profit
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Lucky you

This post has been edited by abcn1n: Oct 12 2020, 04:47 PM
abcn1n
post Oct 12 2020, 05:48 PM

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QUOTE(melt @ Oct 12 2020, 04:50 PM)
got caught last time... been holding like 3-4 weeks de
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Glad you got the chance to go out

QUOTE(ChAOoz @ Oct 12 2020, 04:53 PM)
Danco float not much. So should not be an issues if the operator really want to push it up.

Also fundamental is able to support this counter, so your downside is not really unlimited.

What this stock lack is just exposure and volume, but today seemed like a good way forward.
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Thanks for info. I don't like to enter stocks like Danco but the volume today was irresistible plus just last night I coincidentally happen to look at Danco. So today just try luck haha. Anyway, will know in the next few days how it will be. Can't say I like today's candlestick though


QUOTE(Raymond_ACCA @ Oct 12 2020, 04:55 PM)
gg Airasia, Genting, and banks.
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My Genting and MBB long time gg already
abcn1n
post Oct 12 2020, 09:09 PM

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Anybody have any guess on what the selling price of Top Glove's IPO in Hong Kong will be like?


abcn1n
post Oct 15 2020, 05:17 PM

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Anyone know why KESM dropped today? I forgot about my previous buy order and it got triggered today. Not sure whether to just sell off tomorrow or hold it.

What are your views of KESM?
abcn1n
post Oct 17 2020, 02:21 PM

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QUOTE(skty @ Oct 17 2020, 11:48 AM)
I didn't top up any glove stocks for the past 2 weeks.

I will continue to clear the remaining next week. Still 2 weeks more to go before 3 Nov.  rclxm9.gif
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skty Why do you think there will be a market crash after the Trump election? From past history, whichever party is elected, the stock market still goes up

QUOTE(ry8128 @ Oct 17 2020, 12:30 PM)
Same thinking here  smile.gif

Basically i cleared all my tech stocks already, which i think has the highest risk among all. Next week slowly clear the rest, depending on profits.
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ry8128 Why do you think there will be a market crash after the Trump election? I guess you think so as you are trying to clear your tech stocks


QUOTE(lowya @ Oct 15 2020, 05:28 PM)
profit plunged to historical low, enough said.
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Thanks. I sold it off and suffered minor loss because I did not like the gap down. If I would have just hanged on for a little while, would have made profit instead. Well, life goes on
abcn1n
post Oct 17 2020, 10:46 PM

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QUOTE(ry8128 @ Oct 17 2020, 02:28 PM)
In general, election always create uncertainties, and investors/traders dun like uncertainties in stock market. So most investors will do their profit taking by then. And after election, there is very high chance to have a major correction.
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Thanks. The 2nd stimulus package is not finalised yet and may be delayed until after election. Also, election results will not be known so soon due to the mail in ballots. Trump is likely to lose and he will not be willing to hand over power willingly. So the taking profit/major correction date will be harder to pin point


QUOTE(skty @ Oct 17 2020, 03:53 PM)
some tech stock here is not affected by Nasdaq up or down. haha  laugh.gif
queuing everyday  tongue.gif
i quote back my previous posts to answer you.  smile.gif

I just wanna share something I noticed from my experience, majority investor only will look at both, FA and TA. I term them as average investor. Those normally can generate good passive income from investing.

Those who do trading one, ermmm... I will neglect them because they will never be rich.

Those who never do homework one, I term them as gambler. They normally are my bosses. Give me money.  biggrin.gif

Less investors will look at both, FA and TA. And they have really really good control over their emotion. I term them as good investor. Those normally can be financial freedom already.

Even less investors will look at both, FA and TA. And they have really really good control over their emotion. And they have also look at CA. I term them as very good investor. Those normally earn big big money.

Super rare investors will look at both, FA and TA. And they have really really good control over their emotion. And they have also look at CA. And they can trace where to money flow to. I term them as legendary investor. Those normally are one of the richest in the world.

In US, as currently they are undergoing MMP3, many equities price rising rate is already off track from the actual condition. When things are suppose to get cheaper, instead, the price is maintained or higher. This is alarming.
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If I guess correctly your overseas A, then I think in local market you are also in I? Hard for market to become cheaper too much due to non-existent interest rate in the bonds and FDs and $ printing. Money has to go somewhere and it has gone/going to equity and housing. I do believe there will be sell downs from time to time to take profit and 'more manage' the high PEs



QUOTE(AVFAN @ Oct 17 2020, 06:51 PM)
market crash will mean -20% to -30%, circuit breaker, bourses shutdown, etc.

local+foreign, all sectors go down, incl banks, plantations, semicond, consumer.

perhaps they dun mean market crash as in crash-crash until u cannot recognize yr neighbor. laugh.gif

maybe they mean volatility and risk management.

it is true that nervousness has increased... since the local politics suck big time now.

us elections... been a while all major investment houses r forecasting incr volatility for weeks AFTER the elections.

more so when DT says he will not handover peacefully if he loses, citing fraud and rigging; if he wins, ok la... no fraud, no rigging!! biggrin.gif

if it is so easy to forecast, nyse or bursa will be singing, "now, everyone can be rich". biggrin.gif
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There may still be 20% correction but it will likely rise pretty fast.

QUOTE(yehlai @ Oct 17 2020, 08:50 PM)
https://www.theedgemarkets.com/article/sino...-use-costs-us60
not sure if people dare to use

So far J&J and E. Lili from us not doing well for phase 3 testing
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Generally, I trust China stuff less compared to Western. But in this case, China vaccine is base on dead instead of alive (but considerably weakened for Western vaccine) virus aka China vaccine is old school type, so generally it should be safer especially for those health compromised people . China vaccine is currently being tested on many more people worldwide than compared to Western, so they may have an advantage in coming out first.

This post has been edited by abcn1n: Oct 17 2020, 10:57 PM
abcn1n
post Oct 18 2020, 02:01 AM

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QUOTE(AVFAN @ Oct 17 2020, 11:05 PM)
flash -20%... possible if the maniac drop a couple of bombs on the south china sea.
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Ehh, don't say south china sea leh. Too near us. Better a further away sea. JK tongue.gif
abcn1n
post Oct 18 2020, 12:37 PM

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QUOTE(AVFAN @ Oct 18 2020, 11:25 AM)
more news on china vaccine; of interest is this:
if u r the gomen of the receiving country, wud u receive students that have been injected with something u do not know anything about?!
about the way vaccine development news is disseminated, at least in USA:
it's a long dark road to an effective vaccine, even longer and darker than an effective treatment drug.

let's hope there will be some success next year.
the tension is building up; let's hope clear heads prevail.
https://www.scmp.com/news/china/diplomacy/a...epares-possible
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Yes. C**na has big ambitions. Not just in Taiwan. Sigh! Am very aware of their various ventures/claims


QUOTE(dp82 @ Oct 18 2020, 11:56 AM)
Assuming each of the stocks that you have been investing for the past couple of weeks, and each of it gives u a steady 1-2% profit week on week. Is that consider a good ROI?
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If you can do that consistently, we all have to learn from you already.

This post has been edited by abcn1n: Oct 18 2020, 12:40 PM
abcn1n
post Oct 18 2020, 05:44 PM

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QUOTE(dp82 @ Oct 18 2020, 04:41 PM)
Doubt i can do that forever & consistently. My intention is to get a ROI like 2% in 2-4 weeks time frame, then i will sell my stocks n evaluate other options
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Best of luck



This post has been edited by abcn1n: Oct 18 2020, 05:50 PM
abcn1n
post Oct 19 2020, 02:12 PM

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QUOTE(kembayang @ Oct 19 2020, 11:54 AM)
YINSON huge drops.
https://www.thestar.com.my/business/busines...stpones-project

EPF bought a lot prior this news.

Our EPF yield macam melting too.
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QUOTE(lowya @ Oct 19 2020, 01:21 PM)
below rm5 a lot of buying.

if Yinson can close above 5 in coming days, more will step in.
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Anybody buying Yinson now or should we wait to see the trend/potential to go lower?

QUOTE(126126 @ Oct 19 2020, 01:46 PM)
Scientex doing bonus issue and free warrants. Volume spiking last few weeks, maybe funds buying in since now their share cap already hit 6b. Good to remember this share performance can rival gloves in the last month, company with strong fundamentals and consistent yoy increase in revenue and growth...
Energy sector is a no no these days. Share is going to hit march low at the rate things go... See how bad this sector is faring worldwide.... the faster they can pivot to renewable energy the better it will be for them
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Still worth to go into Scientex now? Will be topping up my position if I do so. They are in the affordable housing and packaging which is good in the current climate.

QUOTE(propertyfeature @ Oct 19 2020, 02:09 PM)
I just bought some Scientx today, the more I hesitate the higher the price increase lol  bangwall.gif
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What price did you enter?


This post has been edited by abcn1n: Oct 19 2020, 02:14 PM

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