Stock Name: BAHVEST (0098)
Entry: Buy above RM0.51
Target: RM0.55 (7.8%), RM0.59 (15.7%)
Stop: RM0.48 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

BAHVEST has formed a breakout-pullback-continuation pattern above the EMA9 level with high volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may advance, targeting the RM0.55-RM0.59 levels. Support will be pegged around the RM0.48 level.

They seems to be on lowered trend and now just in something like that for example. For how long it will really be there. I do recommend to buy soon if you have at least some of this ability there. It could really be much better then. Be prepared.

https://menginvestlife.blogspot.com/2019/08/007-bahvest.html BAHVEST

You may think that this is a proxy for gold. There is no evidence for this. So any price movement is just sentiments driven.

Are you better off investing in gold than in a gold proxy such as Bahvest? 

To answer this question, I compared the gain from gold compared to Bahvest based on the short-term situation ie 2019 to 2022.

From 4 Jan 2019 to 26 Aug 2022, gold appreciated by 8.5 % CAGR. If you have invested in Bahvest, you would have a compounded annual total loss (capital gain + dividends) of 5%. Yep. The share price of Bahvest declined and there was also no dividend.

On such a basis there is no advantage to investing in Bahvest. Bahvest is into gold/silver mining. Studies from other parts of the world suggest that it is better to invest in gold than in gold mining companies.

For more insights on Bursa gold proxies, refer to “Are there Bursa proxies for gold?”