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[TOMEI] Price going down - What's cooking?

This counter has been downhill for the past few days.

Any views are much appreciated.
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the boss is known market player when the price reaches 40 45 sen just buy and wait when goreng to 65 75 region sell there is nothing much interesting about the company old business old boss
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Tend to agree with ya. The price has been pushed down for obvious reason eventhough this counter has a fairly attractive valuation.
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Tomei share bashed down by recent 10% private placement at 50sen. Nonetheless, this counter should find good at region 50-55sen. In addition, Tomei is expect to declare its first and final dividend of at least 3sen by May. Valuation is undemanding, trade at PE<5x, better than its peer Pohkong, NTA RM 1.02, dividend yield: 5% should limit its downside risk
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