giorvana

giorvana | Joined since 2019-06-25

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Stock

2020-06-17 16:23 | Report Abuse

managed to grab at 0.115. Fly soon

Stock

2020-04-29 13:02 | Report Abuse

@mf are you an idiot?

Stock

2020-04-02 13:23 | Report Abuse

There is a reason why it hasn't rebounded as much as other counters and might even fall further. Its core business is export (to Europe) and it has been relying mainly on a single European customer (European coffee machine manufacturer). Just look at how badly in shape Europe is right now. You can argue that people drink coffee everyday but you will agree that it is not essential for survival, not to mention high-end coffee machines like what Uchitec's customers sell. In times like these, demand will surely suffer and in fact, its management has even announced that its revenue is expected to fall for this year. As far as i am aware, there hasn't been enough transparency on its contract with its customers, save that its management, if I remember, was quoted to have said that it has secured its contract already but the recent announcement indicated otherwise - that its revenue will fall on lower demand (hasn't it been secured). There seems to be inconsistency here. If anyone can enlighten me, appreciate. Regardless, Uchitec's business is too concentrated to navigate around bad economy. The company had been too comfortable with doing the same thing over the years and appears to be unprepared for this crisis. Just can't help to think as to why a consistently profit making tech company is unable to cut - now it seems that the above could be one of the many reasons.

Stock

2020-03-30 23:30 | Report Abuse

KWAP buying. There hasn't been much substantial change to its share price, indicating its position as safe haven as REIT, bolstered by strong management, resilient asset portfolio as it consists mostly of warehouse and logistic instead of retail and hospitality which are being hit hard.

Stock

2020-03-30 08:38 | Report Abuse

This is one of those companies which knows how to run its businesses. Undeniably the pandemic is going to hit every sector. Difficult times call for opportunity to look at stocks with proven track record and collect them while prices are still attractive. It is just a matter of time before market recovers and when it does, stocks like Matrix will prove themselves again.

Stock

2020-03-30 02:02 | Report Abuse

Have you guys not considered mynews businesses are very visitor traffic dependant? Just look at where they were set up and how all these places have been deserted now

Stock

2020-03-29 23:41 | Report Abuse

Globally there has been surge in demand for and prices for eggs.

One interesting rationale is that people turn to eggs than other forms of protein (e.g. meats) as eggs are one of the cheapest proteins:

https://www.wattagnet.com/blogs/50-the-chicken-and-the-egg/post/39901-covid-19-raises-questions-about-egg-market-boosts-meat-sales

Lets toy around with this: take tesco chicken fillet where its RM 8.99 for 400 g (total 92 g protein) and eggs around RM 6 for 10 (total 70 g protein). For 1 buck, you get 10.2 g protein from chicken whereas you get 11.7 g protein from eggs. Eggs are also easy to prepare and versatile (breakfast and literally any meal)

The situation is getting more dire now:

https://www.thestar.com.my/news/regional/2020/03/27/thailand-runs-short-of-eggs

Stock

2020-03-25 12:35 | Report Abuse

doesn't make sense not to collect now

Stock

2020-03-24 11:35 | Report Abuse

There won't be any significant impact from changes on how eggs are consumed. While households stock up on eggs, eateries and restaurants cut orders for eggs. People still consume eggs the same way they have been doing. Period.