I always said I don't understand stock market , yesterday WEIDA report out have such a good earning have a NTA of RM 2.74 and earning of 42.4cents but today it price move down .
Yesterday night friend said today sure gap up ,I joke said I will press it down.
There are construction-related projects in Syria involving Malaysian companies such as WEIDA
(M) Bhd (construction of sewerage treatment plants and water treatment plants). Weida surge in earning was due to sales of their oil plantation ..so should be reflect in the market price ..Look at the surge prior of ann of result. another point what are they gonna do with the cash from the sales? check their cash ... =_= -> 244.481m cash on hand, with 127m sharepool, this translate into RM 1.92 cash per share ...
Problem : last year they have 291m cash on hand, this year 244.481m , where the cash go ? I am still finding.
Lets see FKLI too:
Tomorrow last day for May FKLI then Jun will take over where should the point move to ? from study of volume start of Jun FKLI should move up.
From study of TC from 30 min chart 8 more bars (3hrs) should reach cycle of low then 28(14hrs) more bars from the last bar should be TC of high.
This is just my 2cents view just for reference not for trade ,use it as your own risk.
Friday, May 31, 2013
