Buy gold, veri safe. Long term basis, guaranti to go UP, cannot go down to ziro ? Gold ... guaranti long term winner, 100% certainty !!! also with 100% margin of safety ! 😁😁😁
During uncertainties, precious materials are the safetest bet. No doubt about that. Even oil counters also cannot beat gold. Looking back at covid19 pandemic, precious materials can go up, but not oil. Oil tanked like mad.
looking at the inventories of PohKong & Tomei from the Balance Sheet, it seems PohKong has more inventories which will translate into better profit in the future, not expecting price of gold to subside in the near future.
Within the last 30 days, Gold price went up from RM320/g to RM370/g.
Within the last 60 days, it went up from RM310 to RM370/g.
Check the Balance Sheet of these 2 counters, the inventories are materials related to Gold and which will be a big unrealized profit when translated to current market value.
Take a look at their NTA, both are higher than their CMV of the shares. If the company is truthful/honest, without any perishable items in the inventories, limit up is unavoidable.
Posted by ks55 > Apr 4, 2024 8:56 AM | Report Abuse X
Q2 compared with Q1, revenue increased by 48%. Q2 gold price is very much higher than Q1. And for Q3 gold price surge much higher than Q2. We expect revenue for Q3 will increase by about 50% as major festival (CNY, Hari Raya and Hindu wedding season) and profit will be around 10 to 15 sen per share.
Happen to browse through a video clip showing malaysia aunties snap up the physical gold in the one gold shop. And, customer need to get queing number for buying physical gold to this extend
Posted by ks55 > Apr 4, 2024 8:56 AM | Report Abuse X
Q2 compared with Q1, revenue increased by 48%. Q2 gold price is very much higher than Q1. And for Q3 gold price surge much higher than Q2. We expect revenue for Q3 will increase by about 50% as major festival (CNY, Hari Raya and Hindu wedding season) and profit will be around 10 to 15 sen per share.
23 hours ago
THE UPCOMING QR EXPECTED BETTER AND BETTER BESIDE GOLD PRICE INCREASE BUT THE CUSTOMER RUSHING TO BUY PHYSICAL GOLD IN UNCERTAINTY ECONOMY CONTRIBUTE TO THE EARNING TOO
Ukraine war, Iran war, TECH bubble burst, US China trade war, ringgit depressed till 4.80 not sure will cross 5.0... The mother of all scary event pop the market... Auntie rushs to buy gold the wiser choice...
Don't look down auntie conservative old school protective capital. I found the best method.
Average January 2024 gold price was USD2050 per ounce only. At this time Pong Kong make very high profit margin. Now the gold price is USD2300. As long as the gold price above USD2000, Poh Kong profit is promising great.
@gohkimhock yes i strongly believe in that Whether or not there is rate cut from FED, gold price might strong enough to hold at this current level. The only thing, is the financial reports from gold retailers like Pohkong or Tomei.
Oh yeah, dont forget about mining companies guys. Since metals are on high demand around the world. 🤔
As the probability of escalation war between Iran & Israel is becoming lower, the gold price will drop. Also the improvement in employment and higher inflation that causing the delay in interest cutting in US also bring pressure to the gold price.
Justin Tan
Hi Invest_888, gohkimhock I would like to ask why Poh Kong suddenly drop today ?
Higher and higher US national debt and de-dollarization support the gold price. Poh Kong share price is now undervalued. Next financial QR, Poh Kong should has a record-breaking profit.
Next financial QR, Poh Kong should has a record-breaking profit. Tomei QR will release first, around 3 more weeks. the result will be fantastic bcs the gold price is above USD2000 per ounce. Due to this, I believe the Poh Kong share price will increase significantly too. Now gold price is USD2331 per ounce.
Hi Invest_888 I like your optimism and positivity. You are correct to expect good QR for Poh Kong and Tomei. However, generally speaking, in an efficient market, these factors are already built into the price. It may be a case of buy the rumour and sell the fact. The price of gold in USD had broken up above the cup and handle pattern. Long term, it is very bullish. In the immediate short term, a healthy correction is warranted. A retracement downwards to USD 2150 to USD 2200 support level is possibble
Hi cherasman, "buy the rumour and sell the fact". It seems to be correct but you can't earn decent money from great stocks like YTL/YTLP. Anyway, I am still waiting for the best QR. Moreover, if the wars in Urkraine and Middle east is becoming worse, gold stock like Poh Kong can hedge against uncertainty. Portfolio balancing is important for me.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smartepf
274 posts
Posted by smartepf > 1 week ago | Report Abuse
Poh kong Sell 316 RM395
999 RM410