thanks for the write up (after a much disappointed new year) weakening ringgit against the USD. KLCI index going south. some consolation (at least ) some sectors will gain an added advantage
thanks for your kind note dereklim. I am neutral on your statement of "may not get this chance again" but for sure furniture is a MUST BUY sector.
I am still very new in this investment line as I need to do a lot of analysis to support my own BUY CALL based on my attitude. I need longer times to anaylze one by one company with the nature of business and 2015-2016 business operation plan and sales anticipation before option for the greatest companies. You might laugh at me why so stupid for doing it. AT least, I am training myself of better risk management.
Same things happened few months ago when most of my friends blindly chased Aluminium counters. I found something "abnormal" when I compared the pure upstream, midstream and intergrated aluminum players in terms of 1) Revenue vs Net Profit and 2) Net Profit vs Profit Margin. Luckily I did not made simple mistake chased high on those so called "market sentiment" alumimium counters.
Ok....... I will continue to learn from you all. Cheers and best luck in all trading.
Posted by dereklim > Jan 6, 2015 09:44 AM | Report Abuse
my take that today is good time to buy furniture stocks. market in panic now. may not get this chance again
Juz want to Add some element of factors here, The chem based coating and Thinner consumers will hv benefited from the Down turn of d crude oil. This will added some margin to the industry who consume them heavily.
Thanks Ven Felix for your kind inputs. All the Tier-1 furniture counters are profitable one, it is good to invest especially they can benefit from strong USD currency.
Same message here. Do not allocate 100% of our capital in the same "group" of investment portfolio.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,897 posts
Posted by calvintaneng > 2015-01-06 00:29 | Report Abuse
Correct. Never put all eggs in one basket