I agree with KYY of his article on "how to overcome your emotion in investing"
https://klse.i3investor.com/blogs/koonyewyinblog/126284.jsp
We share the same philosophy and we are on the same boat of Eversendai. I am still holding it since I bought it at 56.5sen. I am targeting more than RM2.00 but below RM2.50.
I have also enjoyed capital gains from many other stocks based on shared philosophy such as the recent in the limelight stocks:
1. GHLSYS - Bought at RM1.10 and managed to get out at RM1.80 (64% in two days).
2. DNEX - Bought at 44.5sen and capped gains at 65sen (46% in 1 month)
3. Frontken - Bought at 24sen and sold at 31.5sen (31% in 1 month)
4. Ancom - Bought at 52sen in April 2017 and enjoyed the gains of late at RM1.00 (92%)
5. Carepls - Bought at 32sen at gapped up and sold of late at 42sen (31% in 3-4weeks)
5. Pasukhas - bought at 14sen and I am still holding it.
6. PUC - bought at 5.5sen - first tranche and 13.5-14sen - second tranche and I am still holding it.
All look blossom for now as our stock market is on bullish pattern. It is about the game of patience. We cant get distracted by our emotion and ALSO other irrational investors' emotion. You may stock you are holding right now in "Yo-Yo" or up and down gradually but the important thing here is to be patience as long as you have made correct decision.
In my case, I look at both fundamental and technical. Fundamental to support the price to go up and technical for entry and exit timing.
So, I put a lot of my investment in PUC as I believe the Company has found the architect to drive the Company forward. Yes, the Company is trading at illogical PER for now and 1Q17 results in blip, but that happened in previous quarters results. The new Management has taken over the vacant seat of the Company in 2Q17.
Things have changed very fast. Its business model similar to GHLSYS but PUC will be even more solid. Although market share is smaller than GHLSYS but PUC's diversified income and stable revenue will strive the Company further. The new Management have re-structured the Company in just 2 months:
1) Disposed few not needed subsidiaries and no extension or follow-up on MOU that will not benefit to the Company' new business plan and also to reduce operation costs.
2) Acquired Enovax, a Singaporean Company to obtain immediate technology and knowledge know-how to digitalise its payment gateway products. Once digitalised it, profit will be boosted in tandem with revenue and margin improvement as digitalising product will reduce costs. PUC will also consolidate Enovax profitability.
3) Profit sharing agreement with Laputa ventures to diversify its media and advertisement' income stream. This will not only boost its revenue in easy way but also no cost to incur. This is expected to improve its margin further.
4) The Company continues to tender solar project using cash raised from rights issue last year. This segment is I meant that will provide stable revenue and cash flow to the Company. 50MW will be on stream!
5) It has passed all resolutions at AGM yesterday, this will allow the Company to flexibily move forward with new direction under new name - PUC.
6) Private placement done at 14sen. This indicate private investors are so confident in this Company although it is just in ACE market.
You can all that in announcement here. People are not aware of this and dont know how to translate it. Here I have done translation for people to read and understand the business.
http://www.bursamalaysia.com/market/listed-companies/company-announcements#/?category=all&sub_category=all&alphabetical=All&company=0007&page=1
All in all, the Company is on positive direction to chalk new profit level and that time PER will be super low and everybody will rush to invest in PUC. Like I said in previous article, the Company's share price is setting for a breakout.
https://klse.i3investor.com/blogs/tradingideas/125968.jsp
It has been on long-term technical bullish. "A floor price" will establish at 15.5sen. I am targeting the share price to play at 25sen and may test its historical high of 28sen. You can calculate yourself that I can reap gains of more than three-fold based on my target and cost prices.
http://klse.i3investor.com/blogs/tradingideas/126379.jsp
