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u short term contra player must run every short run ,at the end after commission charge u only make very little sum.For those mid or long term investor may make big money if the counter performe well !
Be reminded any share price can't go up straight line without healthy correction ! This is undeniable share price performance theory ! The other problem HengYuan facing unsettled is that no institutional analysts coverage on company excellent financial performance because the major shareholder Shell ownership sold to China business man where a lot of people still remember the horrible memoies that ex lousy China counters listed on Bursa with fake financial report !
rm1.20 ? impossible ! Company paid 60 million for Dividend, how many company can afford ? If the company reserves the rm 60 million for company buy back , do you think how many million share can buy back from market , with the buy back force, how the share price drop to rm 1.20 ? Share price will drop to RM 1.20 if the declared financial report is fake account ! Assuming as the perception of fake financial report, from where the company source RM 60 million to pay DIVIDEND ?
share price valuation follow earning and dividend pay out per share , after the latest two announced quarterly financial report infact the share price for HengYuan is excessively under valued which is not in phase with the actual market value therefore market force will push the share price to the fair market value !