decrease price to attract more consumers to buy Proton. Good move. Expected to see more productions in DRBH, hence increase production in woven products
I believe the strenght of Ringgit is effecting the stock price. Most trade is done in USD. This will effect margins/earnings as lower RM will be collected. About two thirds of their revenue is derived from overseas market. Not so much of Proton want to decrease price of 30%. Proton is not a major customer for OCNCASH, there would be an effect but not significant.
FROM WHAT I HAD NOTICED SINCE THE FALL OF KLCI LOTS OF INVESTORS STAYED SIDE LINED AHEAD OF GE 14, THUS THIS HAVE MADE OCNCASH PRICE GOING DOWN TOO MUCH WHEREAS THE COMPANY ARE MAKING PROFITS YEAR AFTER YEARS!FOR THOSE WHO HAVE BOUGHT AT MUCH HIGHER PRICES N STILL HOLDING OCN SHARES, TIME WILL PREVAIL ITS VALUE PRICE AND THE PRICE WILL S H O O T UP AFTER GE-14....THERE ARE MANY OTHER GOOD COUNTERS DROP TOO! STAY STRONG ALWAYS...N GOD BLESS!
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....
chickenputih
261 posts
Posted by chickenputih > 2018-01-12 15:07 | Report Abuse
waiting for breakout .. put this in your watchlist .. :D