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Tguan has been overvalued very much. Most investors will take profit as a precaution to anticipate potential collapse of US market soon. I will definitely buy again but not at this price. I will consider only when the price is RM2.10 and below
now i really understand how come some ppl said audit consultant is a syndicate, he only promote when they want to sell, he will call ppl to sell when they want to pump in. months ago he still claimed that tguan worth more than 3.3 or 3.5, now he said overvalued
Good luck to you. I believe for FA Investor like you, holding for Long Term should not be a problem when the future performance (1-2 years later) could help to improve the Intrinsic Value which will then reflect in the increase of share price. For Long Term Investors, Thong Guan definitely is one of the options.
To me, I switched to short term trading after so many events happened from Biden's victory, Covid-19 worsening conditions, Malaysia's political instability, US Market and etc.
To me, I have many options. So I will opt to choose the best out of the best.
FYI, now I am holding a lot of BAT. 100% of my fund is allocated and invested in BAT.
During early July, I acquired MBSB when its price decreased to 0.58/0.585 and I subsequently sold all on 26 August 2021 when the price rose to RM0.65/0.655. Again I put all eggs in one basket.
My journey from 1 Jan 2021 till 30 August 2021 is exciting yet rewarding. My total Return on Investment (ROI) in just 8 months during year 2021 is 36.17%.
My watch lists comprise mostly 2nd Tier stocks although also have blue chips.
1) Alliance Bank
2) CIMB Bank
3) Thong Guan
4) Cocoaland
5) Asiafile
6) MBSB
7) Tunepro
8) Muda
9) Hexza
10) BAT
11) Tongher
12) Uchitech
13) Sunway - PA - identify opportunity for Arbitrage
That why, I have nothing to hide.
To me, investment and trading need to be strategised. They should not be a 1 way fit all method. My strategy has always been assessed and re-assessed to manage my investment risk according to my evaluation of value, risks and profit appetite.
The reason why I said the current price of Thong Guan is overvalued because I factored in Bonus Issue in year 2020 and frequent ESOS which will ultimately dilute the value of each share.
Again, it depends on your own strategy and evaluation of risk, value and profit appetite. Use your own method to maximise ROI to make money is the way!
Last but not least, hope that everyone who is Thong Guan shareholders can continue to prosper and grow together with Thong Guan. All the best.
Disclaimer: The above is only a sharing and not to suggest any investment decision. Remember, BUY or SELL or HOLD at your own discretion and you are responsible for your own money.
