Probably a missed opportunity if you're just coming onboard
When I first started in the stock market, OCNCASH (face masks), AWC (building disinfection or sanitizing) and CCK (fishballs) were on my list for consideration.
Out of the three I only managed to get into AWC in April 2020.
After I disposed off some long term stagnant counters, with some capital freed up I could choose between OCNCASH and AWC. I left CCK out as I believe that the demand for fishballs whether with or without the pandemic would remain constant.
Between OCNCASH and AWC based on the respective share prices in mid of May 2020, OCNCASH seems to be undervalued whereas AWC has hit its fair value. Therefore I have entered OCNCASH this time around.
As far as AWC is concerned, I am planning to let go as soon as the share price hits RM0.60. For those looking to trade in this counter, I believe that the trend is still ongoing however caution is necessary as the market might have been overly optimistic - there isn't too much meat (in business sense) for this counter remaining at this point in time IMHO.
Out of the three I only managed to get into AWC in April 2020.
After I disposed off some long term stagnant counters, with some capital freed up I could choose between OCNCASH and AWC. I left CCK out as I believe that the demand for fishballs whether with or without the pandemic would remain constant.
Between OCNCASH and AWC based on the respective share prices in mid of May 2020, OCNCASH seems to be undervalued whereas AWC has hit its fair value. Therefore I have entered OCNCASH this time around.
As far as AWC is concerned, I am planning to let go as soon as the share price hits RM0.60. For those looking to trade in this counter, I believe that the trend is still ongoing however caution is necessary as the market might have been overly optimistic - there isn't too much meat (in business sense) for this counter remaining at this point in time IMHO.
Trade closed: target reached:
Closed this position at RM0.47 as this is slightly over the fair price and I am freeing up more capital in order to average down on OCNCASH which dropped to RM0.63 today.
Hoping for better news in OCNCASH.
Hoping for better news in OCNCASH.