MI closed 1.88, + 7 sen. Nice. KLCI also closed green today, hopefully, everyone making record profits. Thank-you MI together with MAYBANK and 26 other green stocks to offset 6 reds to bring my portfolio to new all time highs again today. What a great start to 2024 after a very strong 2023!
MI closed 1.94. Nice. Keep testing that 1.94 resistance. If it breaks that, Alternate Price Projection target is RM2.17 eventually, after passing some more resistance.
I would not sweat a bit especially the huge 10mil forex loss was unrealised. No biggie because all semicon companies do biz in usd therefore provide a nature hedge against forex fluctuation.
In 23Q4, net profit was 20mil if excluding 8mil forex loss, price big gap down on next day. Now the net profit was 17mil if excluding 10mil forex gain, so price should gap up or gap down?
u know what was the best part? They said they were optimistic but the price still big gap down on next day. Now they are pessimistic when every signs suggest that the worse of semicon industry is over and recovery is on the way.
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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....
Income
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Posted by Income > 2024-01-05 17:12 | Report Abuse
Today Mi very Sedappp