KUALA LUMPUR (July 1): The IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI), a composite single-figure indicator of manufacturing performance, fell to 39.9 in June 2021 from 51.3 a month earlier as Malaysia’s Covid-19-driven movement restriction policies resulted in output and incoming orders moderating to the greatest extent since the worst of the initial outbreak of the pandemic in April 2020.
In a statement today, IHS Markit said the country's manufacturing sector lost considerable momentum at the end of the second quarter of 2021 (2Q21) as Covid-19 infections led to the reintroduction of stricter containment measures to curb the spread of the pandemic.
"Business confidence hit the lowest reading on record,” IHS Markit said.
malaysia in MCO, construction is not allowed to operating. Who want to buy steel ? aduih...think logic la. everyone now rushing to buy technology and software company like D&O, Revenue, Genetec, Kobay, Hightec and so on. Investors are looking at value investing or future technology or long term play technology. Steel is just steel and play when commodities price up and down. but only happen when country with no MCO then can play la. now totally can't. is over for steel.
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....
Posted by emsvsi > 2021-07-01 12:32 | Report Abuse
Dear Mr Koon Yew Yin,
Investors may or may not be in a dilemma and steel price rise may or may not be a short term affair, but what is for certain is in 6 months time Genting's business performance will be much better
The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...
1971 Genting Highlands Opens
2021 50 Years of History and Growth
2009 Global Financial Crisis
2020 Covid-19 Pandemic
2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox
2010 Resorts World Sentosa (SG) opens
2021 Resorts World Las Vegas (US) opens
2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2022 RM ????
History always repeats itself
Years of downtrend will be replaced with years of uptrend
All are welcome to GENTING (3182) the numbawan top pick sure win Recovery + Value + Growth stock in the Year of the Golden Ox