If I am not mistaken, the Thailand plant will start operations this year, 2022. Maybe that is why Quarterly report said, "Barring unforeseen circumstances and assuming global pandemic of Covid-19 does not worsen, the Directors anticipate the Group?s performance for the financial year 2022 to perform better."
Price down because of supply chain disruption caused by Covid (chips and others) & Russia Special Operations in Ukraine effecting felt division. Cars and air-cond has many parts, if 1 part no stock, entire air-cond and car cannot be made. This will cause a dip in demand for felts as total required parts for production will be less. Heard demand from automotive segment severely effected. We will have to wait for next QR.
Good time to accumulate. Once issues have been resolved, and they will be resolved sooner or later, price will go up.
These are my thoughts......anyone have other opinion?
Hopeless Oceancash. Company buyback lol and operators add volume among themselves to create volume. Otherwise, this counter is dead like Topglove, Supermax, Careplus, Hartelega etc. These counters inclusive if Oceancash in 2000 were darling counters. But now are neglecting counters by operators & IBs
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....