Koon Yew Yin's Blog
MCO will continue to depress steel stocks - Koon Yew Yin
Koon Yew Yin
Publish date: Sun, 25 Jul 2021, 05:08 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said quote “All factories must remain close. Maybe one of the conditions for us is to allow factories to reopen when more than 80 per cent of their workers have completed two doses of vaccination, and when we can sell the vaccine directly to these factories and after that, I believe they can be allowed to apply for permission to reopen their factories.
Currently Malaysia has a total of 996,000 Covid 19 cases and 7,802 deaths. Unfortunately, these 2 figures are still surging as you can see from the chart below.
Malaysia’s daily Covid-19 infections hit a new high for the second consecutive day, as it recorded 15,902 cases on Saturday (July 24) while nearing the tail end of a third month in lockdown.
The country is now presumably one day away from crossing the one million marks for cumulative Covid-19 cases since the pandemic began last year, with a large portion of the infections and deaths recorded during this year’s devastating third wave.
Malaysia has more than 990,000 cases of Covid-19 now. Saturday’s record daily cases were slightly higher than the 15,573 cases reported on Friday.
All the people especially workers could not to go to work in the last 3 months. Since the number of Covid 19 new cases is still spiking, our government has to extend the MCO lockdown for a longer time.
I have cashed out from the stock market. I will wait to see their result for their next quarter ending June which will be announced before the end of August.
Based on the fact that all steel companies were closed in the last 3 months, they will surely report reduced profit. A few might report losses.
The above is Hiap Teck 3 months price chart. It is showing down trend and its share price is most likely to continue dropping due to MCO lockdown.
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Discussions
Be the first to like this. Showing 17 of 17 comments
See this
List of retail sectors allowed to open during MCO 3.0 By New Straits Times - June 6, 2021 @ 9:04pm
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-07-25-story-h1568786114-List_of_retail_sectors_allowed_to_open_during_MCO_3_0_By_New_Straits_Ti.jsp
2021-07-25 19:23
u know how many factories/construction side actually are operating now in klang valley ?
Dont blindly study the SOP release by government.. ask ur macai pay a site visit
if u cant go out for site visit, click in the Miti website for the local weekly steel price. U should understand the relationship between demand & price
Sakashiki Hito ni Miru Kokoro
2021-07-25 21:17
It was over heard that an interesting research was done by University of California, Berkeley.
The greedy rich people are more likely to tell lies, steal, cheat, behave unethically and break the law than the lower class people.
The rich people, that means they are rich already and they are the ones who are more likely to break the law.
They have money already but they want more. You can see how powerful the evil inclination, Yetzer Hara.
2021-07-26 11:12
Why?
Money is power. Money is Control and it is essential. It's never ending and it become a disease. What is worse about it, is this money does not make them happy.
A lot of greedy people are very unhappy people.
A lot of time, the money they accumulated made them much more difficult. Much more cumbersome as a result of the money.
Yes, money can be a blessing if you use it right and can accomplish a lot.
2021-07-26 11:22
kyy keeps on hammering the mkt non stop with no mercy to make sure the mkt goes down with all his recent articles ! He is now utmost vicious in bringing down our mkt !
2021-07-26 12:41
If you follow KYY long enough, you will notice that when he non stop yelling sell on a counter, it is probably time to buy that counter. No ??
Don't forget KYY also said stock will move up when MCO is over. Is he actually collecting when he also post this article? No??
Hiap teck is apparently another sifu's favourite and super bullish stock.
2021-07-26 13:11
Absolutely agreed !
In front of us, kyy said one thing but behind our back, he may do another
different thing !
2021-07-26 13:19
Today's society is degrading. In morality, the school is bankrupt, it is not like the olden days. Old persons can not attract respect from younger people. Maybe it is the fault of the old people.
However, to educate a child to become a good person (not corruption/hypocrisy), the main influences are the father, mother and the teacher of the child.
When a child is entering the market/economy/business transaction, two important things are clean hand and pure heart.
In respect of clean hand, the grown up child need to conduct himself/on behalf of his organization with a set of clean hands...no bribery, no short change another, no stealing from the customers (one switch is RM20 but one compressor is RM2,000)...
About a pure heart, the grown up child need the good coaching of about honesty, no deceitful transaction, integrity, greedy (inflated invoices), say one thing but do another to the counter-parties, no goodwill, no charity, no win-win situation,...
2021-07-26 16:00
Con you win not quit market already? why still talking non-sense out of his arse everyday
2021-07-26 22:16
This old man kept harping on the same topic for weeks. We already got your message, just move on for God’s sake.
2021-07-26 22:37
Geezer is very vindictive. He has no real friends. He quarrels frequently with practically everyone he knows. Due to his cheating attitude he has accumulated bad KARMA in the stock market. My opinion is to avoid his write ups totally and ignore him.
2021-07-27 00:31
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Y tis bloody hell keep atacking steel stock. He loss money in steel stock? Now bad mouth steel stock? Hahaha
2021-07-25 19:12