Apparently there is no CNY rally this year. With selldown in DJIA last Friday, sentiment definitely won't be good here. KLSE has been rallied for so many months now. Some corrections in KLSE is not unexpected. This question is when. Don't believe so much of those who said when DJIA up, KLSE will up. Likewise when DJIA down, KLSE will down. Not quite.
Fundamentally, KLSE is a different market all together with DJIA. What we can relate is just the emotion and psychological parts. These are the most often time that we relate to with DJIA. Other than that, it is pure hot air. Some even go as far as saying when DJIA down, the money will flow to KLSE and hence KLSE will up. Based on the same logic, if DJIA is up, money should flows out from KLSE and hence KLSE should down. Last week wasn't the case isn't it when DJIA was up but KLSE was hammered. So, don't believe so much of the analysts' views on this and that.
KLSE market should be intact for 2014. Of course, there will be some corrections along the way. Pick strong company in good sector. Playing penny stocks will be riskier this year unless you have strong insider information.
Lastly but not the least, investing in stock market should be a pleasure venture. Enjoy the show and ride on the trend. Any weakness in market is opportunity gain for long term strategy.
It was a strong showing today. The price was pushed up all the way until closing bell. All 92,000 units of seller's volume at RM3.10 were taken out during the Trading-At-Last period until there was no more RM3.10 seller's volume at the closing bell. All in, today up by a commendable 20 cents. What a great showing at the beginning of the year.
It also top the Top Gainers chart today.
Not many retail players participated in the rally for this stock. This is because Presbhd is relatively a quiet and slow stock and does not fit the criteria for most retail players. Today rush is mostly participated by fund managers. Many had revisited and reviewed their exposure to this stock.
This does not come as a surprise to me. There are so many growth stories for this company. Whilst it may not shot up the way DSonic did but it will certainly climb to a remarkable height in the very near term.
Its price closed at all-time high RM3.10 on 10.1.2014.
Let's talk about pure business here for now. If you have strong cable in Malaysia, you can close one eye, literally speaking, to do business in Malaysia and your business will flourish like hell. You might not be very comfortable with this company because of some personalities behind it, but let's put aside this and purely focus on the business it is in.
We shouldn't in denial that doing big business in Malaysia needs cable, what more if doing big and lucrative business.
Some cringe of the facts that the way businesses are done here. But once you are part of the system and benefited from the system, your view on the whole things will be very different. Called me ignorant and unprincipled person, but that is the reality of the matter.
If you don't like, you can move on to something else and find the money there. But this one will give you some easily. Perhaps, once you have make some money, do some charity at your own small way.
It is a mistake. They might have thought they got him checkmated. It is a mistake. It took him only 5 years from nothing to something that is so reckoning that they wanted to checkmate him. His only mistake is he does not have the money to have a controlling stake in the company and this is because he started from nothing. Watch him. Give him 3 years. See how his new company performs. He has all the ingredients from money, calibre people, brand name, loyal consumers, support from friends, for him to re-start everything. He will ride through the current setback. The business communities are backing him from behind. They feel what those fella had done to him is unjust and dirty. It is political, pure dirty politics.
Watch him and his new company! He still has the fighting power as he is only 54 years old. I know this man.
3.99 a piece is plain cheap if you can see what this man can deliver. He delivers what he promises.