tb gan's comment on UEMS

tb gan · 2023-07-10T11:55:25+08:00

Spill-over effect from high Singapore property prices will be the main theme of market play for UEMS. Expect the price to rise to around 40sen by end of year

Peng Zhong Wong

where got uems pa wa warrant?

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tb gan

call warrants

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tb gan

C-82, 83, 84

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ALIBILI CHG

@gan can these call warrants c-84 convert to mother shares at maturity date??

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tb gan

No, these are warrants issued by third party investment banks for the purpose of betting on the price movements of UEMS. They are totally unrelated to the company.

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ALIBILI CHG

oic thanks alot

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tb gan

The share price will probably hover around 48sen for a while as this is a significant resistance; it may take a while to break this barrier

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tb gan

All the stale bulls who bought UEMS at around 48sen 2.5 years ago are coming out in droves to sell their shares, hence the price will stay at this level for a while

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ALIBILI CHG

Personally I would think that the catalysts will come from RE projects, JS-ESZ, revaluation of the land and electric mobility.I invested uems based on these prospects

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tb gan

CHG, your basis of investment is perfectly sound. Expect the price to hit close to RM1 by end of year. It may go higher beyond that

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tb gan

At the mean time one can monitor the price movements using technical charts

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tb gan

As mentioned earlier, 48sen is a strong resistance barrier; will take a while for all the stale bulls to dump their stocks before the uptrend can resume

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Maria Rahman

Same goes to azrb...huhuhu

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22 33

@tb gan I don't think resistance looks like that

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tb gan

your guess is as good as my gues; time is the best test

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tb gan

Short sellers will be caught with their pants down! The underlying factor of economic zone is too strong a force to be ignored!

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tb gan

The stale bulls have cashed out; short sellers are running for cover; consolidation may take several days or even a week. A batch of new bulls will come in to take the price pass the barrier of 48.5sen

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ALIBILI CHG

Looking forward to the announcements of the 1st phase of energy transition projects by economic minister on this Thursday 27th July

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tb gan

The stock price has to clear 48.5sen convincingly before it can attempt to crack the next hurdle of 57.5sen

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tb gan

Tabung Haji sold 3.6m UEMS few days ago; that's no major concern and they sold it probably at a loss as the IPO and right issues were much higher than the present price

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tb gan

Looks like 57.5sen barrier is within striking range; did not expect it to happen so fast. The fundamental factors of RTS, HSR and economic zone are too strong; this current price upsurge is more than speculation

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ALIBILI CHG

Urusharta jamaah's main objective is to facilitate an improved financial position for the GLIC, UJ is committed to restructuring its acquired assets and maximising asset recovery value, hence selling and buying in open market is part of their role to achieve their objectives.

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Adrian Lam

Previous TP target of 0.70 set by RHB Investment Bank on 20th July is something that really sounds promising due to RTS development and HSR revival.

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tb gan

Don't panic, speculaters and traders are unwinding their positions; strong support at 48.5sen. The property tide is beginning to rise; all property counters will float before the end of year.

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tb gan

If you short and not cover back quickly, you may lose your shirt and pants as well

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Vinson Law

Today economic plan is Benefit for property & construction

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Adrian Lam

Entered on an average of 48.5, hope this could rebound nicely tomorrow.

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22 33

no need to fake it cuz Rm0.485 you wouldn't get the ticket

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tb gan

Tabong Haji sold 5.4m+ UEMS few days ago. Not to worry too much, they sold shares for various reasons, including meeting fund withdrawals by account holders.

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tb gan

Let Tabung Haji continue to sell, not to worry, the market is very big. When they have done with their selling, the share will take off, breaking the 48.5sen barrier decisively

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22 33

Haiz....Let's see tomorrow the pricing goes up or down

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ALIBILI CHG

wahahahahaha......

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温康康

THIS TIME UP TO MOON

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tb gan

Key thing to observe is whether the price can maintain above 48.5sen for long; if it does, the next target is 57.5sen. Expect heavy selling at this resistance level including that from Tabung Haji which still holds few hundred million units

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King Ianflamming56ou

kalau tau....sudah lama Hadi Kaya lah ...tak perlu makan roti Kaya law...lol

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tb gan

UEMS has been in the top volume spot since yesterday; chances are high for the price to march towards 57.5sen level; never mind Tabunghaji's selling because the number of retailers is overwhelming

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tb gan

Looks like price is falling back to 48.5sen support line; likely Tabunghaji's selling heavily. Never mind, let TH keep selling; it will come to an end one day

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King Ianflamming56ou

and then.......lol

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tb gan

To keep yourself calm in the face TH's aggressive selling, just remember UEMS's 8,000 acres of prime land in Iskandar Region- chiak bo liau!

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King Ianflamming56ou

and then....lol

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tb gan

Still holding up well at support level of 48.5sen. Looks like selling pressure of stale bulls and Tabunghaji is well absorbed -- good sign

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King Ianflamming56ou

and then....lol

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LEE CHEE HONG

may I know when the Q2 report will be released ? is it expected to be a good report ?

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tb gan

@Lee CH: Q2 results should be out anytime before end of August. I don't expect fantastic results, property market just begin to pick up recently. Anyway, investors are buying now in anticipation of future development in Iskandar Region.

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tb gan

Bingo! the price has bounced off from the floor of 48.5sen!

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King Ianflamming56ou

Bingo brother of Ringo.....super RingJib....lol

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tb gan

In a way, Tabunghaji's selling is a blessing in disguise; it helps to moderate the feverish UEMS rally. Stock price going up too fast and too soon will not be sustainable, it attracts speculators and short sellers which are detrimental to the healthy growth of a stock.

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tb gan

Tabunghaji just reported selling another 8m shares, no worries about their selling, they probably need money to meet members' withdrawals or administrative expenses

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tb gan

Looks like Tabunghaji has paused selling. They keep selling, price keep going up; would probably regret for their actions

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tb gan

If you are a medium to long-term investors of UEMS, there is one point raised by Aminvest IB worth noting: UEMS is the major land owner as well as master developer of Iskandar Puteri project, in which the HSR has a station based on the old design; it's unlikely this will change when the HSR is revived. Presence of this station will facilitate fast travel to Woodland and a catalyst for residential development.

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Peng Zhong Wong

funny 300km/h hsr travel between iskandar puteri and singapore that less than 30km away, then waste hours to cross custom

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tb gan

@Peng ZW, I am quite sure, by then this custom clearance issue will be resolved. Both countries will be working on the matter as it benefits both.

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tb gan

Singapore needs Malaysian work force, and Malaysia needs Singaporean investment. There must be better connectivity

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tb gan

The next target is around 60sen; however, there will be very likely heavy selling at this level.

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tb gan

The real big break will come by around November when details of S'pore-JB economic zone is unveiled

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tb gan

For time being, be prepared for the heavy selling when the price approaches 60sen

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tb gan

If the price can stay firmly above 60sen for a week, next two targets will be 71sen and 75.5sen respectively. RM1 by the end of year will no longer be a dream but reality!

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tb gan

Don't believe everything IBs said, they have vested interest, especially those that have issued call warrants. Important thing is to look at the future development and fundamentals, and stick to your own beliefs

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tb gan

Despite the not-so-good results, the stock price is not going to drop very much, it might even move up after a brief sell-off by jitterers. Reason: one invests for the future, not the past and not even the present!

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tb gan

The next target is 75.5sen; expect fairly heavy selling as the price approaches this level. With the Forest City becoming a Special Financial Zone, the positive effects will spill over to the entire Iskandar Region, though indirectly. Hence, good chances for UEMS to keep marching on.

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tb gan

75.5sen target is within the striking range; don't celebrate first, there will be heavy selling as the price approaches this target; the stock looks like grossly overbought now. The announcement of SFZ for Forest City is a very strong catalyst. The price will continue to march after clearing the 75.5sen barrier.

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Kee Lam

On what basis do we foresee there will be a heavy sell-off at the 0.755 figure?

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tb gan

K Lam, look at the chart of the past; there was heavy volume of buying at 75.5sen. These are what we call stale bulls; they will sell at that price now to recoup their capital.

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tb gan

UEMS hit the high of 77sen this morning; but don't rejoice first, watch if it can stay above .755 for at least a few days. This is a significant barrier and there are lots of stale bulls

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tb gan

If the stock can clear 0.755 decisively, the next target is 0.805

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tb gan

Stay calm, let the stale bulls unload their holdings bought at 70+ Sen; the show is not over yet.

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King Ianflamming56ou

lala....cik lalala....mane woi....lol

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tb gan

The stock price has risen to 75sen again; new bulls are trying very hard to crack the 75.5 barrier!

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tb gan

Not an easy job for the new bulls; but I think stale bulls getting a bit tired.

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tb gan

Stale bulls are making a comeback, let them fight it out in the next few days

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tb gan

I don't believe the game is over; it's just a normal correction after the stock has gone up so much! The entire property sector is on the first wave of recovery; there's much more upside to go in the next couple of years. Anyway, make your own judgement and decision.

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拯救散户们

Take profit and wait for chance

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tb gan

Now, the short sellers have to run and cover back! Cracking the 75.5 barrier is an uphill task; it may take some time.

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tb gan

All property stocks may see reduced interest for the time being as market players seem to turn their eyes on glove counters, but the property market recovery remains intact and renewed appetite will definitely come back later

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tb gan

If Elliot Wave Theory is of any guide, UEMS is on the 4th wave, which is a down slope; the forth coming fifth wave will be a up slope; so get ready for the possible advance. Anyway, these are personal opinions only; do your own research and make your judgement. No one should be held responsible for our own actions

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22 33

不错哦还是你厉害哈哈哈

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tb gan

Everyone is playing the guessing game, sometimes right, sometimes wrong!

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tb gan

UEMS will stay around the current price of 67 for quite a while and may even consolidate further before it can embark on the next wave up

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tb gan

Looks like 5th wave up is beginning to take shape; pleasant surprise! Watch if it can be sustained above 70sen for a while, and then make assault on 75.5sen barrier and crack it! 5th wave up comes early, partly aided by the positive news flow: revival of HSR project and more discussions about easing S'pore-JB causeway congestion as well as Johore economic zone

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tb gan

Now that UEMS has breached the 75.5 barrier, if it can stay above that level, it will climb to 80.5sen. The next huge barrier will be 89.5sen. Let's see how strong it can sail through 80.5 first

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tb gan

Expect some selling pressure when price approaches 80.5sen; it will not be a straight line all the way up!

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tb gan

UEMS shot through the 75.5 barrier with a rocket force to around 85sen; looks like 89.5 target is within close striking range. But be careful, 89.5 Sen could be the end of 5th wave for the short term; after which there might be a series of small correction waves

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tb gan

UEMS is moving into uncharted waters with such a force beyond any one's understanding, defying all rules and laws now. One's guess is as good as another's. No one can predict now; use your own judgement and make your own decision!

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tb gan

The game is not over yet; having breached the 89.5sen target, the stock completed its short-term 5th wave, it is now undergoing a series of correctional waves. When the stock is fully consolidated, hopefully above the 80.5sen support line, the stock will start another 5 Elliot waves. Personal opinions only, do your own research and make your own judgement

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林彤铃

080still ok?

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tb gan

UEMS is retracing to the support line of 80.5sen. Hope it will not go below that but build a base around that level, which might be a spring board for the next upward wave. It will be a bearish sign if the price goes below 80.5sen.

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The Maslim

Will back to 79 again

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tb gan

Closing 81, still above the critical level of 80.5sen. Hopefully, the price will consolidate around that level and take off from there!

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San A

Will be back to 76 cent

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tb gan

Testing the support line of 80.5sen; this is a critical level, make it or break it! Believe it will withstand the onslaught of selling and build a launching pad for the next up cycle

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tb gan

Dow Jones is down badly, this might affect the local market sentiment. Hope the price will not crash through below 80.5sen when Bursa opens. If it does, it will be a herculean task to bounce back. But don't panic; the property game is not over yet; in fact it has just started recently

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启颢陈

run…..all market go down

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The Maslim

Waiting 74 lalalala

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tb gan

There's hope for UEMS as it closes at 82sen! It probably will build a base around this price for a while before resuming its upward march.

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ALIBILI CHG

there is a possibility that uems going to venture into data centers biz as a chinese biz association has proposed turning johor to become a data centre hub.