("Thinking Out Loud" is also the name of a nice song by Ed Sheeran. Try listening to it.)
Writer's block this week. Perhaps sharing my 2 ringgit worth of thoughts.
1. SERBADK, SCIB, KPOWER share price remains volatile
Serba Dinamik shares ("SERBADK") has been suspended by the SC. No trading of SERBADK next Monday. Mr. Market is feeling more jittery, and SERBADK is No. 1 Trending stock. Many retailers are still holding some SERBADK, I presume. SCIB and KPOWER should have stronger selling pressure now, due to the uncertainty of SERBDAK as these 3 companies are related to Mohd Abdul Karim Abdullah.
It is unfortunate for many shareholders of these 3 companies to suffer devastating losses. I sincerely hope no further bad news would arise from these companies. Although some might feel tempted to punt on these 3, I suppose funds and experienced investors would shy away from such troubled companies until the coast is clear and uncertainties subside.
But as I quoted from one popular publication before, "Sometimes you must hurt in order to know, fall in order to grow, lose in order to gain, because life's greatest lessons are learned through pain."
2. HUPSENG big sell-off
Why did HUPSENG shares suddenly drop with high volume?
One HK consumer watchdog group found cancer-inducing elements in some HUPSENG products. Source: https://www.consumer.org.hk/en/press-release/p-540-biscuit?module=inline&pgtype=article & https://www.scmp.com/news/hong-kong/health-environment/article/3152772/hong-kong-consumer-council-finds-cancer-causing One needs to subscribe to read the original findings in Chinese. https://www.consumer.org.hk/tc/article/540-Biscuit/540-Biscuit-Safety-Test-Results#tab
However, it's interesting that the sell-off only occured yesterday (22 Oct) when the article was first published on 18 Oct. Was it the MOH's probe, that exacerbated the sell-off? Perhaps, as MOH can revoke their certifications and HUPSENG would have a big chunk of revenue wiped out if their biscuits can no longer be sold.
Nevertheless, HUPSENG would have closed shop long ago if they did not abide by the minimum food safety regulations. Also, I don't think Malaysian consumers who have been taking HUP SENG crackers as their staple diet would suddenly change their dietary habits due to one report.
Bad events sometimes offer opportunities, but one has to be extra cautious. Would such event(s) cripple a company's fundamentals permanently? Would you had thought of investing in such companies, had these events not happened earlier?
Disclaimer: This article is not tailored financial advice, but mere general stock sharing / observations. Please do further due diligence. The author disclaims all liabilities from readers. The author may have interest in the stocks listed above from time to time.
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I just bought a big tin of Hup Seng biscuit....one can die abruptly due to covid, so what's the danger of this cancer-causing substance!!!!
Cracker biscuit....yummy !
Die die also must eat !
Hope they must have a sense of responsibility to the consumer.
Deepest condolence to the family of Hup Seng company.
Its it related to Yeo Hup Seng ???
i like yeos soya bean drink and i always eat Hp Seng crackers and drink Yeos