EngKong   

Eng Kong - Wrts issue

once again hats off to guru Vic and Elf to your excellent tips and insights on EK (and PTC too)...kekek!

 

1st target, 0.32 touched.  

 

thanks elfin. have been holding on since 0.23 after vic's rally call. heh. will ride out the waves till end of year for this one then.

 

no prob. :)

one more thing to add in:

ek's current NTA is abt 20c. So even now, it's trading at just abt 1.5x book to price ratio. When tianjing and shenzhen start ops next year, you can expect an increase to bottomline. ie, NTA increases. PE decreases. So a fair value rerating will easily support the 52-58c target. That's the FA view.

ie, FA and TA coincides for this counter.

i'm going to be holding on to this one. keke. year end can expect a mega rally (in vic's words, but my opinion too). so at the 42c target, could lock out some if want, or if you see a better counter to buy. if not, just sit in til year end also can. Ride the full three waves for ek. :)

must say, in this kind of crazy market, a snail like ek is actually a comfort. sigh.

 

what an insight...~! thanks 

 

cyjjerry85,

the current target for ek is 32-33c. then a slight consolidation (prob around 30c---might not touch it, it's in negative float already).

after is 42c. then consol.

year end target possible by tech is 58c.

but in case of over-exuberance: a brokerage house's internal target for ek is 52c at year end. (not published. note that abt 5 brokerage houses own ek but they don't publish reports on it)

just fyi.

 

cyjerry85,

float is the no of shares in circulation.

I also learnt it from Vic.

 

And yes, Aug is the second half results which should be quite spectacular

 

Vic,

Smiling quietly all the way to the bank mah!................keke

 

 

may i ask what is the meaning of float? (learning new jargons from u guys all the time...!) 



i vested in EK less than a month ago only...but has since made gains...this really is a good buy...holding on for many more weeks ahead before deciding to sell it off or not...past postings had mentioned waiting till Aug period isn't it`` 

 

 

hi vic,

thanks for sharing EK with us :)

i bought into it and has since profitted :)

think they give out very good dividends to keep for long term.

 

 

Thank you Victorian for all the hard work done and sharing with forumers.  May I know whether you will continue to monitor this counter now that you have exited please ?

 

vic, good to know its break, not retirement.

you mentioned in the SMB post that you are back in. so its also within your limited 3wks time frame? Also, with the pennies analysis you gave, can i interpretate it as wave 1, 2 and waiting for wave 3 in terms of the wave count analysis?

Thanks for all your sharings so far. have learnt quite alot from you, especially about the BB behaviours..

 

oh vic, so its much like just a season break la...

Like EPL ah? 

 

think what ray meant is that this is one of the few value shares left in the mkt.

cos most of the others havetheir prices run up already...be it due to real people buying on thier value or just tagging along to the bull run.

am i correct vic?

 

 

hi vic, its been a nice ride up on this one.
notice u mentioned in Sim Siang Chun that it is one of your last few campaigns. What you mean? Earn enough? keke. anyway, I've learnt a lot from your analysis. Still a lot to learn from you. so don't 'retire' too soon hor.

 

benefitted from this...will now hang on till Aug before deciding to sell it~! cOol Call~!

 

noobie, short term target was 32c, believe it'll be breached on monday, from the way this snail is rocketing. haha.

longer term target is 42c.

 

 

yeah. thanks vic. with you all the way on this one. btw, what is ur tgt price for this one?

 

yeah! well done Vic...

thanks to your generous sharing of very indepth company research info and market price movement of EK with forumers here....

hats-off to you...

 

Thanks Vic for the insight.

It has been an enjoyable ride up