The 4th QR published on 30AUG. The annual profit is RM186M versus RM32.6M a year ago. Net asset per share is RM2.57 only. Acid test - 2:1 (after taken out the inventories).
Looking at the chart, it maybe already at its final leg and may not breach the previous high. Anyway, this is from my own technical perspective. Anything could turn out. cheers.
Don't enter msia stock, there is potential market slow down. Klse below 1000point only enter. Now usd-myr going towards 5.00. danger level of inflation
You are referring to blue chip stocks/index constituents. Coastal Contract won't be affected by the index. Not every stock/company moves based on FBMKLCI
A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”
I am 99% sure that Koon Yew Yin still holds Coastal in his proxy. This fox has interest in O&G-adjacent companies.
Play of the Quarter 1. Short Hengyuan/Petron Malaysia any refinery companies 2. Buy more Hibiscus (high correlation coefficient with crude oil prices) 3. Hold on O&G-adjacent plays (Coastal Contracts, Deleum, Uzma)
Good luck
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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....
s3phiroth
357 posts
Posted by s3phiroth > 2022-08-31 20:03 | Report Abuse
Limit down tomorrow!