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CNY big angpao Mari and price up again...while the price low, try to accumulate. For flood, it will be some effect on financial but not big effect, I would say less than 5% of profit.. The most serious flood affected area is kelantan which LPI has very less present there as Islamic takaful would be preferable.
Tnb once became rm8+ and people curse, cut loss, this and that... No ppl dare to buy. Now rm14+ people say good future, bla bla bla and buy at high price.
Oils always has demand... Price up and down is normal and I believe OPEC will do some countermeasurement. Buy at low and hold till it boom again. Holding power is the key for good fundamental company.
Keep only. When the overall trend come it will up again.. Make sure and monitor company still earn decent profits then ok lo.. If profit good but price down.. Seem not logic then can top up some average down.. My opinion..
Rys, are you sure.. Lol.. Have a look for Rview (2542)..a plantation company for many years... No volume most of the time, u wan to sell also difficult.. But it still there in bursa.. Correct me if I'm wrong..
Lol.. How much do u think kaki pencen have? Even they have RM10mil also difficult to shake a blue chip counter.. Unless a group of millionaire people pool together for rm100mil then maybe they can manipulate abit. If the big tauke behind (in LPI case is PBB) wan defence the price .. What is rm100mil to pbb? Haha... What I mean is, seldom got ppl manipulate blue chip stocks.. Usually is the stocks with no good foundation will kena only, I.e. Goreng stocks..
Indeed there are some fishy stocks that were not supported by good long-term foundation such as glove counters. They only good during covid and price mainly based on news and goreng... Then eventually drop back to the price they should be.
Manipulated? Maybe for penny stock, yes.. For blue chip with strong foundation and long term history like banking stocks.. I don't think so easy to manipulate even for big tauke.
Lionel, I don't understand why u said fishy.. LPI price from 2017 to 2019 is more than RM14 and up to rm16+. Then covid drop abit and now gradually back to normal. if u analyse carefully, LPI share price trending up since 2015 from rm11+ to rm16+ peak... This make sense given the profit from 100mil+ increase to 200mil+ and then to 300mil+ / 400mil+. The higher share price reflected by higher profit. So, I think LPI fair value should be RM14 and above.
