Hi guys,
In Year 2009 I bought a bag of 50kg cement for Rm13.00.
Due to building of Infrar & Property Boom Cement Prices Rose As High As Rm20 a bag or up 53%. But recently Cement crashed back to Rm13.00 due to weak demand.
Today Star News said that there will be a price War among Cement Companies.
So better get out of All Cement Companies Now!
I once bought Lafarge at 66 sen, YTL Cement at Rm2.40 (Taken private by YTL) , Tasek Cement at Rm2.90. CIMA at Rm2.40 (Took private by UEM). Since then Prices Shot up 100%, 200% or 500% in Tasek.
Now They Being Cyclical Stocks will fall down again one by one.
Another Group of Stocks Linked to Highway Infrar are Long Steel like Annjoo, LionInd, Masteel, SSteel & Prestar. These will also be dragged down. Exceptions are Flat Steel Stocks like CSCSteel which produce Flat Steel sheets for Car roof, door and bonnet.
Try to buy into Stocks which will benefit from New Economy like ECommerce or Stocks which pay High Dividends through good or bad times.
Good Luck
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
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