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Another good stock tat is under explored.. BB ll pump past 83 to 85 to 90.. This darling tends to outperform in this climate.. WATCH..
Moya Asia ($0.066/0.067)
- Possible double bottom reversal set up in the making
- Price have touched 2nd bottom $0.062 and reverse back into a more liquid zone (above 0.065) where it closed $0.067 about the most recent red dotted downtrend line
- Results for Moya was actually good (extrapolate it, it is about 6-7 PE for FY21) making approx 40 -42 Mil Sgd, but yet threw down to flush from recent $0.073, IMO probably to do this double bottom set up and collect back cheaper from retailers.
(Note: $0.062-$0.065 is an illiquid zone where there is no real actual buying or selling)
- MACD about to cross up too
- OBV divergence evident
In summary, all research on this one is pointing upwards. Flush is over. Its time.
Furthermore, we are back to default work from home, which refers to increased market participation.
Hence, time to watch this one closely, especially if they break above the neckline $0.072. DYODD
PS: Gateway Fund investment costs in this one is about $0.095-$0.10 And they ain&rsquo t stupid money
Got this info from a useful tele channel that I have found. Do check it out
Digged more into Moya Asia. ($0.068/$0.069)
Needed to be convinced that this investment is right.
1) The shareholding float is as such:
- 13% (Gateway Fund - Private Equity firm)
- 14% (Public)
- 73% (Tamaris which is owned by the Indonesian Billionaire Salim group)
2) Cost of SSH
-Salim group investment cost per share should be in the $0.06x to $0.08x
-Gateway Fund cost per share is approx $0.10x as they first spent $31.46 mil to buy over shares from the founders at $0.110 before subscribing to a 2-1 rights issue at $0.095 in 2018.
3)RHB gave a price target of $0.150 back in 2018.
In summary, Moya Asia has huge growth potential.
The fact that Gateway Fund (Smart money) has investment in Moya Asia shows they understand the potential in this one, hence they are willing to invest about $40m in them at approx. $0.10x.
For me, follow the smart will hardly be wrong. Furthermore, at current price $0.068, it is 2/3 of Gateway costs.
This counter easily 50% gain when in play. For Investment. DYODD
Got this information from the tele group below Do check it out !
Needed to be convinced that this investment is right.
1) The shareholding float is as such:
- 13% (Gateway Fund - Private Equity firm)
- 14% (Public)
- 73% (Tamaris which is owned by the Indonesian Billionaire Salim group)
2) Cost of SSH
-Salim group investment cost per share should be in the $0.06x to $0.08x
-Gateway Fund cost per share is approx $0.10x as they first spent $31.46 mil to buy over shares from the founders at $0.110 before subscribing to a 2-1 rights issue at $0.095 in 2018.
3)RHB gave a price target of $0.150 back in 2018.
In summary, Moya Asia has huge growth potential.
The fact that Gateway Fund (Smart money) has investment in Moya Asia shows they understand the potential in this one, hence they are willing to invest about $40m in them at approx. $0.10x.
For me, follow the smart will hardly be wrong. Furthermore, at current price $0.068, it is 2/3 of Gateway costs.
This counter easily 50% gain when in play. For Investment. DYODD
Got this information from the tele group below Do check it out !