dompeilee I bought this at a high price of 1.05 in August '17 & was punished when it plunged in '18 & '19 because I was careless & didn't check on the company's huge debt levels.
Fortunately I made amends & sold most of that old stock off at 1.0883 on Jan 7th.
NEW YORK (Feb 4): U.S. stocks surged on Tuesday and the S&P 500 and Nasdaq were on pace to unwind losses from last week, as fears of a heavy economic impact from the coronavirus epidemic tapered off, after China's central bank intervened for the second day.
China coronavirus getting serious and very severe, down the road coming months will see China economy impacted and contractions. Palm oil prices will see heavy low and lower
Refer to the quarterly report, palm oil still in profit 60 millions in Q4 vs 52.8 millions in Q3. Timber loss widen to 28 millions from 17.4mils the previous quarter.
Date of change 02 Mar 2020 Name TAN SRI DATO' SRI MOHAMAD FUZI BIN HARUN Age 60 Gender Male Nationality Malaysia Designation Independent Director Directorate Independent and Non Executive Type of change Appointment
Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,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 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. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Q3 FY20: Timber division suppose to post a very bad result, as the super low log production. The oil palm division may also afcing a lot of challenge as low FFB production worsen by the low CPO price.....
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....
wilsonchan87
332 posts
Posted by wilsonchan87 > 2020-01-31 14:21 | Report Abuse
Hv to wait time to topup