Predict JKH Reversal Price Level

192Rs

SHARK wrote:192Rs

Please enlighten us on what basis you arrived above figure . Is it just a guess or connected to some sort of technical thing .

Shark u must be a very close relation of captains family. Do u?

Rs 192 should have lot support as Khazanah Nasional Berhad is the Government of Malaysia's strategic investment fund bought large quantity of JKH shares at this price levels.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=47562

Malaysia’s Khazanah Fund buys 8.4% EPF stake in JKH for Rs. 14.5bn
*Huge encouragement for the Colombo Stock Exchange- CSE Chairman Krishan Balendra
*Foray into equity, bond markets, measure to stabilize currency peg - CB Governor Ajith Nivard Cabraal

Khazana Nasional Berhard, the investment holding arm of the Government of Malaysia, yesterday acquired the 8.4% equity stake in premier diversified blue chip conglomerate John Keells Holdings PLC for Rs. 14.5 billion where 71 million shares crossed the floor of the Colombo Stock Exchange in one of the largest market transactions in recent times.

Market indices shot up with Colombo Stock Market’s turnover boosting over Rs.5 billion, initially when 23 million shares changed at Rs.194 per share. Sources close to the deal said that a representative from Bank of America’s Merryl Lynch’s Director Investment Banking (Khazanah Nasional’s stock broker) Sharhan Muhseen, was in Colombo to execute the deal. The deal was expected to go through on Friday as The Island reported the previous day.

bandara 123 wrote:Shark u must be a very close relation of captains family. Do u?

Sorry i am not well connected any of the HNWI   Wish i was   

Sstar wrote:Rs 192 should have lot support as Khazanah Nasional Berhad is the Government of Malaysia's strategic investment fund bought large quantity of JKH shares at this price levels.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=47562

Malaysia’s Khazanah Fund buys 8.4% EPF stake in JKH for Rs. 14.5bn
*Huge encouragement for the Colombo Stock Exchange- CSE Chairman Krishan Balendra
*Foray into equity, bond markets, measure to stabilize currency peg - CB Governor Ajith Nivard Cabraal

Khazana Nasional Berhard, the investment holding arm of the Government of Malaysia, yesterday acquired the 8.4% equity stake in premier diversified blue chip conglomerate John Keells Holdings PLC for Rs. 14.5 billion where 71 million shares crossed the floor of the Colombo Stock Exchange in one of the largest market transactions in recent times.

Market indices shot up with Colombo Stock Market’s turnover boosting over Rs.5 billion, initially when 23 million shares changed at Rs.194 per share. Sources close to the deal said that a representative from Bank of America’s Merryl Lynch’s Director Investment Banking (Khazanah Nasional’s stock broker) Sharhan Muhseen, was in Colombo to execute the deal. The deal was expected to go through on Friday as The Island reported the previous day.

Thanks Sstar,

If JKH drops to 192/= sure ASI will be below 6000 points. This will bring down the prices of all the shares. If JKH comes down to 192/= then it's 28/= fall from present price.

Thought ASI would reach 7000 points by the end of this year but the trend is 6300 is the maximum. What's the point of reducing FD rates? Long term investors are always losing. Better buy at 5900 points and dispose all the shares at 6300 and repeat. No point holding for long term.

SHARK wrote:

Sstar wrote:Rs 192 should have lot support as Khazanah Nasional Berhad is the Government of Malaysia's strategic investment fund bought large quantity of JKH shares at this price levels.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=47562

Malaysia’s Khazanah Fund buys 8.4% EPF stake in JKH for Rs. 14.5bn
*Huge encouragement for the Colombo Stock Exchange- CSE Chairman Krishan Balendra
*Foray into equity, bond markets, measure to stabilize currency peg - CB Governor Ajith Nivard Cabraal

Khazana Nasional Berhard, the investment holding arm of the Government of Malaysia, yesterday acquired the 8.4% equity stake in premier diversified blue chip conglomerate John Keells Holdings PLC for Rs. 14.5 billion where 71 million shares crossed the floor of the Colombo Stock Exchange in one of the largest market transactions in recent times.

Market indices shot up with Colombo Stock Market’s turnover boosting over Rs.5 billion, initially when 23 million shares changed at Rs.194 per share. Sources close to the deal said that a representative from Bank of America’s Merryl Lynch’s Director Investment Banking (Khazanah Nasional’s stock broker) Sharhan Muhseen, was in Colombo to execute the deal. The deal was expected to go through on Friday as The Island reported the previous day.

Thanks Sstar,

Date of the article March 16, 2012, 6:34 pm .  

dineshfernando wrote:If JKH drops to 192/= sure ASI will be below 6000 points. This will bring down the prices of all the shares. If JKH comes down to 192/= then it's 28/= fall from present price.

Thought ASI would reach 7000 points by the end of this year but the trend is 6300 is the maximum. What's the point of reducing FD rates? Long term investors are always losing. Better buy at 5900 points and dispose all the shares at 6300 and repeat. No point holding for long term.

Hope that prediction of Sharks wrong here.