hai-o all is strong. but what to do now?

early this week, before the hai-o price continue its surge from RM8 to current RM8.7, i have being comtemplating my choice as to what i should do with it. The main idea is circled on how to deal or avoid the odd lots which i am to get if stay on without doing anything. (note: odd lots due to bonus issue)

i have a choice to either buy 100 shares or dump 400 shares. eventually just as its price surge through RM8.13, i decided i should buy. But thanks to the overhot market it shoots all the way up to current stratosphere level. Should i still buy?

back to my objective, it is to avoid odd lots. but, actually holding odd lots also won't be losing $. in fact if i still want to make up my odd lots to even, i may as well buy odd lots in the market in future. So, based on this i think should do nothing now due to the too hot price.

as per fundamental, it seems it has reached a fully valued price, with PE of 14.2, ROE 31.78%, and dividend yield still at 5% (as in my previous blog, if the company stick with its dividend payout policy, there is some chance that dividend will be increased as per increase in EPS). Current EPS stood at 63.12 sen.

on technical wise, i am no expert, so i consulted my guru friend. The answer is if the price reaches new level, technical couldnt tell how high the price could go... so technical is a HOLD. why HOLD but not BUY ?? because the buying shd be done when it broke 8.05 level (was a resistance) but now seems too late to BUY.

so the decision is clearly a HOLD for the moment.