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Xiaoqing88 Blog

Author: xiaoqing88   |   Latest post: Wed, 9 Jan 2019, 09:57 PM

 

Topglove - How should you react - Part II

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So today another RM 120.70 millions transacted. Who is buying and who is selling?  

EPF again bought 960,000 shares on 4 Jan 2019.

If fund not supporting KLCI INDEX Stock, you guess what will happen? 

I recommend separate funds to buy this Glove Giant. You will not know where is the bottom. But im gonna telling you, Topglove earning will break new high again due to ASPION constribution in future.

 

Today many of you will see all contructions and steel counters are rising.

OK.

Lets talk about the facts.

 

Construction - Did goverment gives new projects?  Answer: No.

Steel - Did property are hot selling now? Answer: No

 

Based on the latest report from MITI, the price of billet and steel bar getting new low at RM 1850 - RM 1900 per MT.

Price is getting lower, how steel companies will benefit from this? 

And the fact is telling you that EXPORT still very strong with 6.7% of grow on November 2018.

Chemicals & Chemical Products grow 21.2%.

 

http://www.miti.gov.my/index.php/pages/view/3060?mid=73

 

Share Trading is about Buy Low, Sell High. Not Chase High, Sell Low. 

The Goreng theme of Construction & Steel will not last longer in my opinion.

 

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Labels: TOPGLOV

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 4.86 +0.13 (2.75%) 22,724,900 

  2 people like this.
 
Woolei construction stock is bubble, those project really coming back? when? they are no specific date at all.
10/01/2019 00:10


 

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