Koon Yew Yin's Blog

PCCS: Be Careful & My Concerns - Koon Yew Yin

Koon Yew Yin
Publish date: Fri, 12 Jul 2019, 10:03 AM
Koon Yew Yin
0 1,449
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message

During my investment talk 2 days ago, I said that the price chart for PCCS showed that it had just broken a new high. I also said that always buy up trending stock because it would likely continue to go higher and never buy down trending stock because it would be like catching a falling knife.

I also said that no stock could continue to go up or drop for whatever reasons. After sometime it would change its course. In this case, PCCS started to drop a few days ago after having been going up to break a new high. The chart shows the price has gone up from 36 sen to 61 sen, an increase of 25 sen or about 70% within 6 weeks.

Listeners might be encouraged to chase to buy it. I might have given you the wrong impression. Although the company has reported 3 consecutive quarters of increasing profit, in compliance with my golden rule for share selection, I am obliged to point out that its annual revenue of Rm 436 million is less than its previous year of Rm 529 million.

Based on the reduced revenue, I doubt the company can continue to report increasing profit. I am concerned and I must warn you to be very careful.      

PCCS (6068)
Related Stocks
Market Buzz
More articles on Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin

Created by Koon Yew Yin | Nov 22, 2024

All plantation companies are reporting better profit for the quarter ending September when CPO price was about RM 3,800 per ton.

MHC Reported Increased Profit - Koon Yew Yin

Created by Koon Yew Yin | Nov 21, 2024

Indonesia is the biggest palm oil producer in the world. Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry offici

Why all plantation companies will continue to report more profit - Koon Yew Yin

Created by Koon Yew Yin | Nov 20, 2024

Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry official said recently, lifting prices of the vegetable oil...

Who will win the Presidential Election? - Koon Yew Yin

Created by Koon Yew Yin | Oct 30, 2024

Latest poll on 30th Oct 2024

Who will win the Presidential Election? - Koon Yew Yin

Created by Koon Yew Yin | Oct 30, 2024

Latest poll on 30th Oct 2024

Wasco expects better profits in coming quarters with robust order book - Koon Yew Yin

Created by Koon Yew Yin | Oct 25, 2024

The group is expected to deliver better profits and revenue from its pipe coating, engineering, and bioenergy segments.

Malaysian Communist Party - Koon Yew Yin

Created by Koon Yew Yin | Oct 14, 2024

Today I read the article by Murray Hunter titled “A Visit to the Malaysian Communist Party tunnels in Betong, Thailand”, which is an important part of Malaysia’s history.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Oct 04, 2024

KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Oct 04, 2024

KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...

Water pollution in the UK: the causes and effects - Koon Yew Yin

Created by Koon Yew Yin | Sep 06, 2024

Water pollution is a huge challenge for freshwater in the UK, impacting our rivers, streams, and lakes and the wildlife that call them home.

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment