Of course yes!

It's not just own preferred strategy but they should only trade what they are good at!

Hahahaha...That stock? Dun like!

hahaha I knew it, i got a one more, this one i have been monitoring it for quite some time, u might not like this one, check 7080 haha, this one is cup and handle in another cup and handle

Just my own view here, the reason why i chose to see 7073 closely
1. It formed Adam and Eve double bottom with handle confirmation, and seems like someone is accumulating at the handle zone
2. Its trying to break through the 200 MA

But this stock is heavily traded by operator looking at the order queue, I wont put my foot in until i see that 200MA break

Charts are important part of my trading setup but however, I do not like the chart to lead me into a trading position. It's a no-no. (Again it's a personal preference as I am talking about me. Yes, we will trade differently and I hope you understand this and I do not have to parrot repeat this. )

Anyway, this is what's happening, as far as I can see...

That steep plunge in end Oct. It went from a close of 30 sen to a close of 15.5 sen. The floor just gave way. Ya, the stock DID recover but such movement does not install any confident in the stock and what's worst is the news broke out that there was massive short selling...

And yes, company started making losses too..... and debts built up too (see below link)

https://www.thestar.com.my/business/busines...ts-former-self/

** but it's to note that that a new majority shareholder emerged https://www.theedgemarkets.com/article/seac...ial-shareholder **

Now how did the company get into this mess? As I knew long time ago, Seacera was a fairly decent tile manufacturer.... and since when did Seacera got involved property?!!

https://www.thestar.com.my/business/busines...-in-five-years/ *the big plans to expand. Quadruple? Ooo... Perhaps too aggressive..

https://www.theedgemarkets.com/article/seac...r-rm10b-project ** Pr1ma ?? Ooo

Yeah.. yea...

And then came the news to 'fix' the problem, esp the debts.

https://www.thestar.com.my/business/busines...vate-placement/



Given the financial state of the company, this is a rescue package. But it comes at a cost. Lots of new shares will be issued.....

which I guess it's understandable why the shares is kept high... but for me, what's next after all this?

Tiles making is not a sexy industry to be in atm (yilai losing money, kimhin losing money..)

and after all these share are issued, will future earnings even justify the share price?


For me, I find too much risk involved. Speculatively, the share could be driven higher to seduce the private placement but fundamentally, I am not comfortable at all.....

Will I be seduced into a trade? Most likely not.


just sharing la...

No worries, abang boon. we are here to share different opinions, for me is closely monitoring it as i can see they are trying accumulate for now, I know FA wise, this stock is haha but what I really dont like is that this stock is heavily manipulated by operator, the operator behind veli panai to shake weak hands

This post has been edited by GSCboy: Mar 5 2019, 10:37 AM

Since Im really not good at FA, i only see basic information of their QR but looking at FA wise for CCK, what do you think cause as I see TA wise CCK is prime for a run, as I know CCK had been solid over in East Malaysia. Can share your thoughts on this ?

My style is one shot, one kill. Hence, I shy away from iffy stocks. Yeah but it can be very challenging since as we know, any stock, no matter how good or bad, they can goreng upside, upside down, downside up...

Most stocks can be grouped. I call it Happy Family.

For example, teoseng will belong to eggy stocks.

So...

1. Look for all eggy players..........
2. Can you find the leader of the pack? WHICH bugger up sibeh geng?......
3. Look see MalaysiaStockBiz and click on the financial table... you spot the trend? ie do you see the sector all green green.
4. Checkout how long the trend is? Is it fairly new or fairly matured?
5. Compare to the stock you are looking at. Is it the best? Second best? etc etc..

Do these first.... I would

haha weird thou, thought that Layhong and CCK should be in the same category end up is different haha. thanks..

I don’t get you on this mind explain?

bpplas has got volume today and moving today

Good spot.
Companies like Bpplas, Tguan..notice their similarities?

Boon like participation. i'll start the ball rolling

Bpplastic
investment holding company, manufactures and trades plastic products in Malaysia. The company's products have two divisions, which include Industrial Packaging Division and Stretch Film Division. The Industrial Packaging Division includes plain and printed polyethylene (PE) collation shrink film, PE lamination-based film, general purpose bag and film, PE shrink hood and sheeting, printed Form-Fill-Seal (FFS) film, protective-based film, and magazine wraps.

Thong Guan
trading of plastic packaging products. It operates in two segments including Plastic products and Food, beverages and other consumable products. The company generates the majority of the revenue from the plastic products segment which comprises of stretch films, garbage bags, industrial bags and PVC (Polyvinyl chloride) food wrap.

In short, both are plastic manufacturer. They import Resin and produce plastic product, mainly stretch film and plastic packaging

TGUAN

Revenue increasing, Profit erratic. Means sales improving

BPPLATIC

Revenue maintained, Profit improving. Margin improved, Resin price drop?

What's good if without chart for traders?




Clearly BPPLASTIC resistance broken today from mini cup and handler

TGUAN Handler forming n progress

My 2 cent opinion:
BPPLASTIC is a better choice.

Cash cow, every quarter milking milk. more stable company with better track record

Thong Guan, when you look back, nothing particularly special, looking forward, they are improving their manufacturing technology, can you depends on track record to foresee the future earning? I i dont know

So, how high can both go? this 2 stocks cannot fly without brake one

remember the export theme in 2016? i win alot, and lose alot





This post has been edited by spring onion: Mar 10 2019, 11:49 PM

1. Profits HAD been poor but for both companies have shown positive improvement the last 2 quarters. One cannot live in the past and the market prices stocks to their future profitability. The most recent 2 quarters is but a positive indicator. Something one could speculate and bet on that earnings will be better.

2. Sales had been erratic and poor, which coincided with the improvement in the ringgit a while back. That obviously killed the export theme. And in a market especially like Malaysia, economic trends do not last forever. When the trend was in its mature stages, it would be wise to leave on any sign of weakness. Did you not spot this for export oriented stocks? When ringgit strengthened from 4.20 to 4..what were you thinking then?

3. What the main factor now? Oil. Despite its improvement lately, the oil prices are still low and would benefit petroleum based products such as resin, film and plastics. Check out others too.

4. No cups no handles for both. It doesn't pay to be too imaginative..

This post has been edited by Boon3: Mar 11 2019, 08:27 AM

sorry for the late reply. it was oil. i didnt look at tguan.

bpplas poor profits quarter coincided with the rise in oil price and ringgit, previously.

i had thought that it might get better a bit with lower oil prices, but the wait was quite a while. lower oil price didnt immediately translate to profits, but maybe they could be seeing more profit now.

another plus point is bpplas does give out dividends.

Some companies might have a slower reaction to cheaper costs such as lower oil prices as they probably have a slightly higher cost stocks they need to run off before they can really benefit from lower cost prices.

This is why comparison with other stocks in the same industry helps the speculator if this is a one off scenario...

Good spot on BBPLAS, going up step by step, heading up 1.4

There are few other stocks in this family one could have selected a few months back.... not hard to find...