price continue downtrend and this is how funny bursa works.. sentiment comes first.. here oil and refinery is bearish sector.. and its weird bcoz in US market major oil counter and refinery is on uptrend
this is totally different with tech and semicon counter, bursa price go above the sky higher than taiwan/china big boy eventhough msia company only a small supplier
market is always right and this is the game in bursa
but i always believe o&g sentiment will sure coming back with the roll of vaccines and reduce covid cases in couple months time... when sentiment happen, funds will start buying oil counter and rest of retailers will follow
when the time arrives, those collecting now will cherish big profit
crack spread margin continue increase, gasoline retail price been months uptrend together with stronger RM than USD, all brings more more profits to refinery
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....
JohnFarmer458
1,797 posts
Posted by JohnFarmer458 > 2021-01-26 16:07 | Report Abuse
Hengyuan QR out soon?