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Yes, I have been for GKENT come to this level long long time. now I hope it will not go over valued soon. let me buy more and keep it for dividend in future.
honesty speaking, I was hoping price go below rm1 so I can buy more. now I just break even. anyway, I think price shot up because of foreign fund buy in. we still have lot of uncertainty ahead...like Trump trade war policy etc.
I buy GKENT for dividend...10 cent/share at RM1 is 10%. capital gain is a bonus. And I believe Gkent management will do their best to improve business in long term. So just ignore short term pain.
@Harapan Trader, my opinion is that...investment is partly about risk management. I believe GKENT has potential overseas as well. at this price, we get reasonable dividend. so myself only put in 2k out of 30k capital. when I invest, I expect the worst and hope for the best. so use 2k to earn 5% dividend each year, and price might back to its peak @ 4. if price go down, I am willing to top up if business is still good. it is just people over react. I also diversify into other companies as well.
Based on technical chart, ANNJOO might start trending up. With T4Q EPS = 0.35, say PE 10, then ANNJOO should worth RM3.50. As at today, PE = 6. There is potential upside.
hmmm.... yea, for most people. I bought at 1.40. so I'm waiting for dividend to come into my pocket. capital gain is a bonus. will it go back to its peak @ 4.50?
@Harapan Trader, I estimate Annjoo worth RM1.20 - RM1.50 based on PE10. And, based on 5 year chart, I think price will continue to fall...perhaps to RM1.20. It is the previous support line.
