from the announcement made by PM on 5 June, the newer price list only out in subsequent week, so actually the impact of sales rebate only taking place in 2nd half of June.
So actually the push up of sales due to PENJANA is just taking pace in 2nd half of June, with such a surge in sales for whole month of June really surprise to all.
Can imagine the full month impact starting from July onwards, the sales figure may highly likely to overtake June figures.
X50 would be out in Aug/Sept, believe there is another boost by the time. Looking for it.
Price shooting always start from slow to fast. Slowly and steady up now is a good sign, at least it's still at a preliminary stage prior to big up.
The chart looks good on up trend now. 2h of 2020 just started there is still plenty of room for this counter to go further, which is benefit from penjana and post-mco.
Why is the target price (TP) for this stock all over the place? None of them seem to agree what DRBHCOM should be valued at. AmInvest - RM2.49 (26/6) Kenanga - RM1.30 (26/6) Public Bank - RM2.18 (26/6)
Time yet to come. Guess sept - Nov will be the time for this stock when x50 out and expected 3rd quarter financial results would be fantastic compare to first half. By the time only everyone will start to notice and talk. Now everyone still focus on glove and IT stock. Now is good time to buy and park here before it shooting.
Everyone is looking at glove and IT counter now. Once the heat is over the funds will eventually switch to other sector, Automotive sector is worth to look at start from now before too late.
40k is impossible, but i estimated 60k-70k cuz its impossible to more expensive than hrv. people will choose hrv instead of x50. but i still wont buy x50, cuz u look the quality of x70 is so bad compare to my 2018 crv.
surprisingly you said that, my friend surrounding me all were saying X70 worth buy as they gave good quality with such pricing Can see many X70 on the road too. Abt 30k diff compare to CRV, so cant expect it as good as CRV.
IB gets more realistic car sales lor without ehailing?
After all klci and s&p hit resistance d.. will be downtrending first. Earnings also coming out soon. Should be bloody cause car sales less than 7% in q2 i think. Thats why gov immediately place tax breaks fyi..
Bear market will start once the stimulus euphoria fades, all left with bag holders d... Good time to see if we are over exposed to a sector and rebalance our portfolio.
If you dont have foreign stocks exposure. European stocks looks promising :p
Who is still holding? As I said earlier triangle break out soon and it did. Resistance 1.85 also break and now towards next resistances. 2.00 soon is coming, it's party time.
Hopefully AGM bring some good news and another boost. Good luck and cheers
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soonli
129 posts
Posted by soonli > 2020-07-03 15:04 | Report Abuse
I believe just starting, more to come.
from the announcement made by PM on 5 June, the newer price list only out in subsequent week, so actually the impact of sales rebate only taking place in 2nd half of June.
So actually the push up of sales due to PENJANA is just taking pace in 2nd half of June, with such a surge in sales for whole month of June really surprise to all.
Can imagine the full month impact starting from July onwards, the sales figure may highly likely to overtake June figures.
X50 would be out in Aug/Sept, believe there is another boost by the time. Looking for it.