New York (CNN Business)US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell into correction territory. Stocks are on track for their worst week since the financial crisis.
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Precisely We SEE good solid reasons to buy and hold Netx
1) NETX HAS RM34 MILLIONS CASH VERSUS DLADY WITH ONLY RM32 MILLIONS CASH
NETX HAS ANOTHER RM72.7 MILLIONS WITH ARIANTEC THE SUBSIDIARY & OTHERS
SO NETX IS ROCK SOLID WITH RM106.7 MILLIONS IN CASH AND CASH EQUIVALENT
ZERO BORROWINGS FOR BUSINESS
QL HAS RM1 BILLIONS BORROWINGS NOW HANGING OVER ITS NECKS
FOR ALL OF US HOLDING THIS ROCK SOLID NETX WITH PROSPECT OF NFCP RM50.3 BILLIONS FIBER JOBS IS A REAL SAFE SHELTER IN THIS TIME OF STORM
2020-02-28 09:16
calvintaneng
IN PAST MARKET CRASHES - THE DEPTH OF COLLAPSE IS 90% OR MORE
1) TULIP BUBBLE CRASHED BY 90%
2) SOUTH SEA BUBBLE CRASHED BY 90%
3) WALL STREET CRASHED BY 90% DURING GREAT DEPRESSION
4) ASIAN FINANCIAL CRISIS M'SIA BLUE CHIP/2ND BOARD DOWN 90%
PUBLIC BANK WAS 80 SEN, NESTLE RM11.80 & MAYBANK RM2.50
5) 2008 SUBPRIME: LEHMAN BROTHERS, BEASTERN, MERILL LYNCH, WASHINGTON MUTUAL WENT BANKRUPT
https://www.theguardian.com/business/2008/dec/28/markets-credit-crunch-banking-2008
2020-02-28 07:26