Sell @ $0.27, $0.275, $0.28, $0.285
Huge buy up today! Total Vol = 8,067,000. I don't think it's Shares Buy-Back or Mr Chou as there ought to be a 30-Days period before Quarterly Results where they can't do any transaction. Last one was on 8-Feb and last year, Q3 results was released on 8-Mar. So, my guess is either Traders or Insiders in action today. Buyer CP were '05' – UOBKH, '12' – Lim & Tan, '21' – Kim Eng & '29' – DBSV.
If it's Traders, then Share Price will likely fall back to 26/26.5 over the next few days. If it's Insiders, then I'll kick myself,….haha…
Looking at the trend of Q1 & Q2 results (Lower Profits due to Higher Expenses, despite Higher Revenues), it's hard to believe that they're able to turn around in Q3 (Hope to be surprised and proven wrong). Further, there were Revenue & Profits in Properties for Q312, which so far, I have yet to see any announcements for their 8Raja project. My projection for Q313 (Jan) is EPS = 1 to 1.2ct vs 1.44ct last year. Projected NAV = 26.5ct to 27ct. Cash ough tto increase from Q2 = $118M to $130M+.
Any surprise from Insiders will likely have to come from Properties…
PS. 12-Mar will be the 1st Anniversary of my 1st lots of Popular Hldgs… Seems so long ago now… 😀