we can't be digging wells for the water all through our life. hang on, dig a little deeper, all signs and indications are there, there is water down there, dig a little deeper.
What a WEEK! 55****+ in earnings thanks to Great Eastern, YTL & today, Japan Power Fastening! The 8th best week of my 30 years in the market as well as the BEST JUNE in those 30 years!!!(1994-2024) A bonus is that I had thought I had SOLD all my CMSB earlier this year but today's dividend credit made me aware that I still had 1 lot left...a nice thing to have with the price hitting 52-week highs!🤗
2 weeks ago
I consider myself very lucky to have felt the veteran tingling sense & obey the urge to sell my last lot @ the $1.49 open this morning & thus secure 980 days of trading profit successively... Adios, for at least a few months, my darling Cahya Mata!
1 month ago'
OUT of my last shares @ THE PEAK!!!! Proving that my JTiasa sale at ITS peak was no fluke!😊
The company has faced some sell down recently, however, the prospect for her to climb much higher in the future is without doubt based on her strong fundamentals with robust development in Sarawak state.
The Group is cautiously optimistic of the prospects for 2024, aside from the following challenges barring any other unforeseen circumstances:
• RM:USD exchange rate movements; and • The outcome of the ongoing arbitration for Cahya Mata Phosphates Industries Sdn Bhd.
Cement demand is expected to pick up in second half of the year driven by infrastructure projects. While wider economic volatility may persist in the light of inflationary pressures and supply chain disruptions due to global geopolitical uncertainties.
The Group will continue with its pursuit of operational, logistics and distribution efficiencies.
We will continue to remain resilient and focus on realising our full growth potential, leveraging on our healthy balance sheet and diverse portfolio of businesses.
it doesn't look good presently. only an amicable settlement assisted by politics will help cmsb to minimise their losses. who knows when will they turn a profit at the phosphate plant. locals seem to take things for grant compared to outsider like Press Metal who somehow can make huge profits.
state corporations like SESCO must amicably solve the problem with CMSB, not become rivals under the same umbrella, overall this will spur Sarawak s growth
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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....
XXXvalue
457 posts
Posted by XXXvalue > 2024-07-22 09:22 | Report Abuse
IB win for the day