Posted by ahbah > 1 month ago | Report Abuse

Jewellers are heaving a sigh of relief as the High-Value Goods Tax (HVGT) has been deferred, even if only temporarily. The government announced on Thursday (March 28) that the plan to implement the HVGT from May 1 has been indefinitely shelved as the Finance Ministry had not presented the Bill in Parliament yet.

Posted by ahbah > 1 month ago | Report Abuse

Poh Kong ... veri chip, just buy n keep. 😄😄😄

Posted by daretocutandchange > 1 month ago | Report Abuse

maybe will move strongly next week,hopefully.....

Posted by ahbah > 1 month ago | Report Abuse

Expected lah. 😄😄😄

Posted by Bullballs > 1 month ago | Report Abuse

Cheap, cheap, cheap. Sound like a bird going to fly

Posted by Invest_888 > 1 month ago | Report Abuse

GOLD is now USD2316 per ounce. Keep going up more, going down a bit, consolidate and going up again.

Posted by Invest_888 > 1 month ago | Report Abuse

Gold price is USD2332 per ounce, break record again.

Posted by ahbah > 1 month ago | Report Abuse

Poh Kong now on a solid uptrend now ?

Posted by Invest_888 > 1 month ago | Report Abuse

Gold price is USD2342 per ounce, break record again.

7 minutes ago

Posted by Invest_888 > 1 month ago | Report Abuse

Poh Kong breaks RM1.00.

Posted by Michael Kwok > 1 month ago | Report Abuse

Poh kong 97 cents.pohkong earning stronger thn tomei.From my observevation,pohkong will pass rm 1.20
8/4/24 11am

Posted by ahbah > 1 month ago | Report Abuse

Now gold is on a solid bull run.
So, just main main the gold related ctrs is enough lah.

Posted by newbie9893 > 1 month ago | Report Abuse

i think gold will the next sector to goreng up kaw kaw very soon...marks my works

Posted by newbie9893 > 1 month ago | Report Abuse

buy any gold related counters now...to be rewarded very soon

Posted by ahbah > 1 month ago | Report Abuse

Korrect, just sapu any gold related ctr U like, please. 🤑🤑🤑

Posted by Invest_888 > 1 month ago | Report Abuse

Yes, Poh Kong is confirmed on the the uptrend track now. On 29Mar2024 it was a small signal to catch this stock. It's a clear signal for Poh Kong today which was ignored previously. Hope to break historic high this month.

Posted by sammmy > 1 month ago | Report Abuse

already break all time high

Posted by Bullballs > 1 month ago | Report Abuse

Poh Kong said it got 800+ million worth of gold inventory in the last report. Believe or not? If dont believe better dont buy. Other people will buy.

Posted by Invest_888 > 1 month ago | Report Abuse

Poh Kong share price historic high was around RM1.60 in August 2020 with the gold price at USD2030, USD 1 = RM 4.19. Now USD 1 = RM4.73, GOLD price is USD2340 per ounce. In comparison, notice that the USD appreciates against RM by 13% and the gold price is increased by 15.2%.

Yes, gold inventory is RM858million according to latest quarterly report. At RM1.02, PohKong market capital is only RM410million.
Poh Kong is at very low price with gold business that hedge against uncertainty esp escalation wars now.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=227576&name=EA_FR_ATTACHMENTS

Posted by Joe > 1 month ago | Report Abuse

I guess very high possiblyty for Nice to go limit today... This is not empty paper... Solid gold backing.

Posted by dompeilee > 1 month ago | Report Abuse

dompeilee

Re-purchased PohKong after selling my last shares in 2022. Gold has broken out of a modified bullish wedge on the monthly chart.

2023-12-04 09:32


FINALLY over $1!🤗📈🥇

Posted by Michael Kwok > 1 month ago | Report Abuse

Wah,after i say 1-2 hours it boom.now 1.08-1.10.
8/4/24 3.50pm.
Join me as follower or paid

Poh kong 97 cents.pohkong earning stronger thn tomei.From my observevation,pohkong will pass rm 1.20
8/4/24 11am

Posted by ahbah > 1 month ago | Report Abuse

NTA = Rm1.95 which is made up of gold. Poh Kong still got a long, long way to go UP !!! 🤑🤑🤑

Posted by Goldberg > 1 month ago | Report Abuse

Invest-888- Interesting information.

Poh Kong share price historic high was around RM1.60 in August 2020 with the gold price at USD2030, USD 1 = RM 4.19. Now USD 1 = RM4.73, GOLD price is USD2340 per ounce. In comparison, notice that the USD appreciates against RM by 13% and the gold price is increased by 15.2%.

Yes, gold inventory is RM858million according to latest quarterly report. At RM1.02, PohKong market capital is only RM410million.
Poh Kong is at very low price with gold business that hedge against uncertainty esp escalation wars now.

Posted by Invest_888 > 1 month ago | Report Abuse

@Goldberg
Nice to hear from you. I wait queitly for YTLP if the share price is around RM3.6 to RM3.7. YTLP is a grade AA stock. Crescendo is also a great stock.

Posted by Goldberg > 1 month ago | Report Abuse

Thanks Bro for your warm regards. Yes, YTL is a solid stock that is taking a breather after a massive run up. Crescendo is still running but Poh Kong will start sprinting to Rm1.60. Just my 2 cents.

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Gold intrinsically is a natural hedge against sticky inflation. Look at your typical breakfast menu (commodities market for coffee, cocoa and orange juice at all time high). Energy prices are at elevated levels (crude oil above 90 per barrel) supported by both supply and demand equations:
Supply side = rising geopolitical tension, disruption at russian refineries
Demand side = strong manufacturing data in China & US (latest PMI) indicates strong demand for industrial metals (hence, energy consumption)

Gold is best hedge against geopolitical risk (Israel-Iran, Russia-Ukraine, China-Phillipines, China-Taiwan, Venezuala-Guyana. etc)

US debt levels at all time high. Huge budget deficit + election year heightened uncertanties.

Massive buying of gold from Central Banks of China and Japan. Both countries have been net seller of USD treasuries and buyer of Gold.

Also, watch out the Global money supply. Money supply is increasing, higher risk of currency debasement. Hence, more demand for Gold as a hedge.

Posted by beinvested > 1 month ago | Report Abuse

The price of gold was RM280 a gram six months ago. Today, the price is RM355 a gram.
The investment in Gold with Maybank/UOB bank are making profits as well.

The issued shares by Poh Kong is larger than Tomei.

I remember that the Gold was RM33 a gram back in 1990 but the price went up until RM355 today. It was RM33,000 per kilo as compare to RM355,000 today. It multiplied by by more than 10 times. Too bad, if the person still keeping that RM33,000 in the bank. The house, farmland or shop lot may not have appreciated by 10 time during the same period of time.

A piece of gold of 1 Kg is not that big the size. If a house fetch around RM1 Mil means it is equivalent to 3 pieces of gold bar (1 Kg each). Good if anyone still keeping that gold bar since then. A friend was telling me that he has more than 1,000 grams of Gold with Maybank through the gradual investment over the years.

Posted by speakup > 1 month ago | Report Abuse

Buy gold bar now!!!!

Posted by KakiBursa > 1 month ago | Report Abuse

Engine just started... good showtime liao!

Posted by Bullballs > 1 month ago | Report Abuse

So, got chance to limit up today?

Posted by Goldberg > 1 month ago | Report Abuse

Gold Hits New High as Central Banks Ramp Up Purchases

China’s central bank added gold to its reserves for the 17th month in a row in March

WSJ, Updated April 8, 2024 at 4:00 pm ET

June futures on the New York Mercantile Exchange have gained 4.4% over the last week and nearly 11% over the last year.
Gold closed at another record high Monday, driven by central bank purchases.

https://www.wsj.com/economy/central-banking/gold-hits-fresh-highs-as-central-banks-ramp-up-purchases-7149ae68

Posted by KakiBursa > 1 month ago | Report Abuse

i think likely to happen LU

Posted by ahbah > 1 month ago | Report Abuse

Strategy - buy gold and hold, no sell bcos the gold bull is veri strong and still got a long long way to run. 😋😋😋

Posted by ahbah > 1 month ago | Report Abuse

Limit up ... sure go chance lah, no need to ask .

Posted by SincereStock > 1 month ago | Report Abuse

TOMEI already break it's all time high. POHKONG still far behind

Posted by SincereStock > 1 month ago | Report Abuse

POHKONG is bigger company than TOMEI in term of market cap and revenue

Posted by SincereStock > 1 month ago | Report Abuse

it's most recent EPS also beat TOMEI

Posted by Invest_888 > 1 month ago | Report Abuse

Gold inventory was RM858million according to latest quarterly(NOV2023-JAN2024) report. At RM1.13, PohKong market capital is now only RM464million.

But, the inventory should be calculated on 31Jan2024 with value RM848million, gold price was USD2039 per ounce. Now the gold price was USD2342, the inventory should be around (2342/2039) x 858mn= RM985.5 million.
Current inventory is around RM985.5 million.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=227576&name=EA_FR_ATTACHMENTS

Massive money printing(either paper money or bond), high inflation and escalated wars contribute to the gold price going up steadily. PohKong at RM1.13 is absolutely at very low price.

Posted by beinvested > 1 month ago | Report Abuse

1 gram = RM358

Posted by beinvested > 1 month ago | Report Abuse

Maybank is selling 1 gm for RM365.
RM7 is their profit margin.

Posted by Invest_888 > 1 month ago | Report Abuse

Malaysians pawning their gold possessions for quick cash, at the same time other Malaysian are still buying gold.

Despite the sky-high gold prices, Malaysians continue to buy the precious metal. Heritage Jewellers Sdn Bhd salesman N Murugan said people continue to purchase 916 gold jewellery, with no significant increase or decrease in the number of buyers.

“People usually purchase it for weddings, sometimes as much as three to five pounds of gold. The price for 916 gold could even surge up to RM500 per gram in the days to come,” he told FMT Business.

Jewellery in Malaysia is typically made from 916 gold, comprising 91.6% pure gold and 8.4% other metals. 916 gold traded at RM373 per gram yesterday afternoon.

Meanwhile, home-baker Janice Sillas, 39, lamented over the hike in gold prices as she wanted to purchase gold for her upcoming wedding.

“I have no choice but to buy gold at the current high price. If it keeps increasing, then we can’t purchase gold jewellery in the days to come.

https://www.freemalaysiatoday.com/category/highlight/2024/04/09/more-malaysians-pawning-jewellery-as-gold-hits-new-highs/

Posted by MikeyChan > 1 month ago | Report Abuse

The demand for gold has been very hot recently. Gold price will reach $2400 per ounce, I think

Posted by Invest_888 > 1 month ago | Report Abuse

Gold is USD2355 per ounce NOW.

Posted by Bullballs > 1 month ago | Report Abuse

Gold can be USD2400, 2500, 3000, 4000 or 5000 and it still doesnt sount as ridiculous as Bitcoin being USD70,000. Gold still got a long way to go.

Posted by ahbah > 1 month ago | Report Abuse

Bitcoin is just some fictitious number generated from NOTHING by the computer. As such, its value is also NOTHING. It has NO PHYSICAL EXISTENCE. Investing in bitcoin is just a GREATER FOOL GAME !!! Don't be a GREATER FOOL, please. Thanks.

Posted by KakiBursa > 1 month ago | Report Abuse

Gold prices are back in positive territory as the latest data showed most elements of producer price inflation in the U.S. economy cooling more than expected.

Posted by SHOB > 1 month ago | Report Abuse

history and time already show it,

Posted by GL2004 > 1 month ago | Report Abuse

VERY BULLISH THE GOLD PRICE.......

Posted by Invest_888 > 1 month ago | Report Abuse

WOW!!! Gold is USD2392 per ounce even the US inflation is slightly up 0.1%. Escalation in war, massive money printing and dedollarization take charge now.