KLSE (MYR): PPB (4065)
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Last Price
13.62
Today's Change
+0.12 (0.89%)
Day's Change
13.46 - 13.64
Trading Volume
630,100
2024-11-22
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prince4
1,459 posts
Posted by prince4 > 2020-03-16 10:42 | Report Abuse
Covid-19 make economy slown down fundamental company will metamorphism and company with high debt will the time to collapse.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold.
market stock RM50 drop to RM25,followed RM25 drop to RM10, followed RM10 drop to RM5,RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom.
High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks market will goreng lows price stock at bottom..