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Saturday, 3 January 2015

We receive a question regarding SKPETRO. 'Is it worth to invest for long term?' (16 Dec 2014)

(Sorry for the late reply - Was on holidays)
- Tan Sri Mokhzani buying
- EPF buying
- Tan Sri Shahril Shamsudin buying (latest 15/12 Bursa filing)
Regardless of they are in the opinion of the share price are too 'cheap' / 'believe in their company' / 'support the share price', at least they are doing positive things, sending the right message out there. As currently SKPETRO is facing :
1.weakening RM
2.falling oil price.
3. Non Syariah compliant
at PE 7+ (near lowest post 2012 merger), it should not be that bad even if it goes further south. Personally I will buy.
For yourself, you may add in the conditions below:
(to control your risk)
1. 1 month grace period to dispose SKPETRO for Syariah purpose
ends. (by end of December 2014)
2. stabilizing oil price and RM - (you will be able to see when prices
trading in a range and more positive news being posted out.)
3. Continuous accumulation by both TS Mokhzani and TS Shahril.
(personally, if they do heavy accumulation and SKPETRO still
goes to Holland, I rest my case, no regret).
P/S: If you have an investment plan and personal risk tolerance level, you shall stick to it. Not necessary to follow the crowd out there. Most of the time, the crowd is wrong, the market is correct.
Disclaimer and Declaration
The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.
Regards,
Humble Pie,


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