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RAMSSOL this month should be able to break new high as fund house is coming in.
Its common for funds to enter a "shopping mode" in December. Here's why:
1) Portfolio Rebalancing:
Fund managers often rebalance their portfolios at the end of the year, shifting into undervalued or high-potential stocks to align with their annual strategy.
2) Window Dressing:
Fund managers may add well-performing or undervalued stocks to their portfolios to enhance their year-end reports and attract future investors.
3) Year-End Bargains:
December is typically a quieter trading period, leading to reduced liquidity. This can create opportunities for funds to acquire stocks at favorable prices before year-end rallies.
If funds view RAMSSOL as undervalued based on its fundamentals and technicals, December could see a rise in its trading activity.
The FBM KLCI ended the morning trade session in the green after seeing some volatility, large cap banks supported the upward move. Broad market sentiment however remains on the side of caution but bargain hunting emerged in selected sectors. Health care rebounded in part due to moves in a number of glove counters, while plantation continued to thread higher on both mid and large-cap names.
Despite the mixed reaction within the tech space, we see RAMSSOL (Target Price: MYR1.00) clocking in decent gains after its recent results announcement. Our analysts have reiterated a buy rating on the stock today in their latest report.
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Gg I bought at 0.285…hopefully today’s down is because politic uncertainty ?…. Overall the market no volume also… hopefully the share price dont collapse la. Company doing piling monitoring ma, building won’t collapse one
