Posted by indexnoobie123 > 2020-08-10 23:19 | Report Abuse

Confident then buy , else sell. Keep kbkb won't earn a dime

Posted by DickyMe > 2020-08-10 23:20 | Report Abuse

This is rubbish stock!

Posted by onionchong > 2020-08-10 23:26 | Report Abuse

Agreed with tvz32. Increasing gold price means higher raw material cost for the company, hence squeezing their profit margin. If they're able to pass the cost to consumer, then increase in their product price will lead to lower demand, and in turn reduce their sales & profit. So the increase in gold price has no practical benefit for the company. Insiders know this, that's why they keep disposing shares.

Posted by onionchong > 2020-08-10 23:34 | Report Abuse

And in this economy, how many ppl can afford to spend on luxury items?

Posted by Jeffyap > 2020-08-10 23:46 | Report Abuse

People who buy Poh Kong because of the increase of gold price is quite funny, they are the operator which purchase gold and make it at jewellery to sell.
Look at the directors, because of you guys goreng, they have been selling more than 25 millions share to the open market to retailers. Run before it's too late.

Posted by Kevin Tam > 2020-08-10 23:50 | Report Abuse

TVz, a fan of glove counters comes in here every day to give negative comments? If those Poh Kong n Tomei have inventory of last Sept to Dec , their cost per ounce was USD1470-1500 ...Even sales have dropped 25-33% in May to July , their profit margin is much higher if they r selling existing stocks... So, those said investing n speculating Poh Kong is irrational, then those still buying Harta , Supermax n Careplus after their share prices already up 3-20folds, r 3 times more crazy n don’t understand value investment...:)

Posted by tvz32 > 2020-08-11 01:23 | Report Abuse

Ok la then i use another commodity as a comparison, let’s use oil. When oil price is rallying, do you buy the stock of an oil producer like Hibiscus or an oil refinery like Hengyuan which needs to purchase raw materials at high cost? Poh kong is like Hengyuan in my example but unlike petrol, gold is not a necessity and people can just choose not to buy when price is high

Posted by chopstick > 2020-08-11 02:00 | Report Abuse

https://www.cnbc.com/2020/08/10/gold-prices-amid-coronavirus-pandemic-and-us-elections.html

Posted by chopstick > 2020-08-11 02:20 | Report Abuse

not only gold counter, infact the whole bursa counters, once up directors selling is normal , moreover some counter even go higher after directors had sold. that's is the name of the game. (I piah ke A yar)


Posted by Jeffyap > Aug 10, 2020 11:46 PM | Report Abuse

People who buy Poh Kong because of the increase of gold price is quite funny, they are the operator which purchase gold and make it at jewellery to sell.
Look at the directors, because of you guys goreng, they have been selling more than 25 millions share to the open market to retailers. Run before it's too late.

Posted by chtan33 > 2020-08-11 06:06 | Report Abuse

gold jewellers do not enjoy the kind of sales & profit that gloves makers are making... unless they could convert the low cost inventory into sales at current gold price...

Posted by mf > 2020-08-11 08:35 | Report Abuse

Gold 2,021.50 -8.80

Posted by str4der > 2020-08-11 09:08 | Report Abuse

time to collect

Posted by jackie_chan1542 > 2020-08-11 09:25 | Report Abuse

everyone selling their gold?

Posted by goreng_kaki > 2020-08-11 09:26 | Report Abuse

only bodoh will buy from director, haha

Posted by LuckyBertuah > 2020-08-11 09:31 | Report Abuse

i cry kaw2 today...thinking to hold for many years or cut loss...cut & pain

Posted by LuckyBertuah > 2020-08-11 09:34 | Report Abuse

off everything...may be pohkong will be my last stock..the end of my trader life..so sad

Posted by monreyes > 2020-08-11 10:02 | Report Abuse

why suddenly it is stupid to buy gold related stock when gold price is high...same goes to oil n others

Posted by RoyalExpert > 2020-08-11 10:18 | Report Abuse

LuckyBertuah, don't worry.. people panic selling is normal. Gold prices is still going up now, in fact more financial expert from USA report that gold will go up to even 4,000 soon. Hold on your shares first and when it rise up, your tears will be non stop laughing!

Posted by alkanphel > 2020-08-11 10:20 | Report Abuse

The stock market is a device for transferring money from the impatient to the patient. - Buffet

Posted by cath0025 > 2020-08-11 10:22 | Report Abuse

how come gold price maintain but stock drop too much? buy 1.69 see what happen now..

Posted by Learnnew > 2020-08-11 10:28 | Report Abuse

Director disposed ka? Mau jual kedai emas to all of us. Hahaha

Posted by Kevin Tam > 2020-08-11 10:29 | Report Abuse

Chtan, U really think U guys understand glove counters very well? Harta n Supermax n Careplus should be classified as overvalued coz careplus has up more than 20-25 folds from January n Supermax has gone up 13 folds from January average price of 1.55.... Harta always with PE36-38 at last year n gone up about 250-280% from January.... Even Supermax posted net profit of 12-13 times of average quarterly profit of 30 mil... Pls keep in mind, Top 4 glove counters n comfort n careplus only can have wonderful profit in their 2020 year end n 2021 year end .... For logical thinking , Supermax n Kossan only can use PE 19-20 (of financial year 2020 or 21) to calculate fair share prices ... For more established n technology advance Topglove n Harta , maybe using PE24-25 to be rational but those analysts of investment banks using PE of 28-30 to calculate fair TP of Harta n Topglove n using PE of 24-25 of peak profit to calculate fair value of Kossan n Supermax... what will happen to profit of top 4 n comfort n careplus in year 2022-2023 ??

Posted by monreyes > 2020-08-11 10:36 | Report Abuse

gold will remain forever but not covid

Posted by rr88 > 2020-08-11 10:50 | Report Abuse

Speculative plug is off abruptly. Head & shoulder in progress. Next stop 0.85. Ultimate stop 0.50. Had you bought at the very top of this speculation 1.80, you will lose 1.30 a piece or 72%. If you cut loss now you would only lose 37%.

Posted by Kevin Tam > 2020-08-11 11:11 | Report Abuse

rr88, how about technical analysis for Harta, Topglove n Careplus ? Look good ? Give some views ...:)

Posted by tehO > 2020-08-11 11:27 | Report Abuse

Gold price up from $1700 to $2000 in the last two weeks! Big announcement soon!

Posted by JohnFook > 2020-08-11 11:43 | Report Abuse

Shareholders disposed huge amt. In plain words sharks has left....bilis trapped.....fundamentally jewelery shop profit will drop when gold price too high.....

Posted by kuring2 > 2020-08-11 11:46 | Report Abuse

Aiyaa... limit down today?

Posted by saifulhaffizi > 2020-08-11 11:54 | Report Abuse

time to cut loss

Posted by tehO > 2020-08-11 11:55 | Report Abuse

Gold price up translate into gain in inventory, profit up. Gold price up, service fee also up! Profit up again ...

Posted by moneytr33 > 2020-08-11 11:57 | Report Abuse

what is best price to avg down? i already avg down 2 times and it is still dropping like downpour this morning

Posted by Ean Wee Soon > 2020-08-11 11:58 | Report Abuse

Next support on 0.9 .. I cut loss and bye bye Rm 6.8k.. Cry with no tear

Posted by Invest89 > 2020-08-11 11:59 | Report Abuse

You may continue to avg down every few cents...

Posted by gozilla88 > 2020-08-11 12:02 | Report Abuse

now is good timing buy pohkong. tp 2.00

Posted by Sanjana_gayu > 2020-08-11 12:08 | Report Abuse

Im still holding poh kong even in loss. I target TP 1.7

Posted by LuckyBertuah > 2020-08-11 12:11 | Report Abuse

i all in every cents i have...i put all my luck to pohkong

Posted by LuckyBertuah > 2020-08-11 12:27 | Report Abuse

mining gold--> little drop, Poh Kong big drop....LUCK come around & change pohkong back to at least it NTA value!!

Posted by Iamnotasifu > 2020-08-11 12:43 | Report Abuse

As long as Gold price is more than 2000, we still have hope in Gold related counter.

The covid is not under control yet, imagine it will go to 30m cases in few more months time...

Posted by sd99 > 2020-08-11 13:02 | Report Abuse

cut lost first...now focus on O&G & Glove related to make back :)

Posted by sd99 > 2020-08-11 13:02 | Report Abuse

Sapura got something brewing....crazy spike up today after years of sleeping!

Posted by Shawalrich87 > 2020-08-11 13:08 | Report Abuse

Should I cut loss now or wait stock price to rebound

Posted by sd99 > 2020-08-11 13:17 | Report Abuse

i don't think rebound will be anytime soon.. directors disposed...GOLD price drifting lower as USD steadies..plus goreng kaki back to GLOVE & now O&G since oil price up they will push those crony counters up before elections...

this is just my feel based on observation and pattern.

those have faith and holding power can hold - maybe will rise up again as analyst are predicting GOLD to reach new peaks and goreng kaki might be back..

Posted by Shawalrich87 > 2020-08-11 13:46 | Report Abuse

Tq sd99

Posted by limkokthye > 2020-08-11 14:17 | Report Abuse

cut loss, gold price drop lo

Posted by tehO > 2020-08-11 14:22 | Report Abuse

Gold price sudah naik dari $1700 ke $2000 in past weeks! Drop skit sahaja tu nanti rebound $4000!

10 Aug 2020: The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes
https://www.cnbc.com/2020/08/10/gold-prices-amid-coronavirus-pandemic-and-us-elections.html

Posted by WongCapital > 2020-08-11 15:04 | Report Abuse

No rebound. Poh kong limit down. Tomorrow will be worse

Posted by thenewbie > 2020-08-11 15:18 | Report Abuse

gold price further drop nearly 30 points ...

https://goldprice.org/

better cut loss.. or tomorrow 0.8

Posted by matrix88 > 2020-08-11 15:18 | Report Abuse

I have no choice to cut loss as the gold price performance is getting weak and weak....bought at RM1.60 and disposed at RM1.10 today....

Posted by tvz32 > 2020-08-11 15:21 | Report Abuse

I have tried to warn everybody here. Even if you believe in gold as a hedge, go and buy gold mining stocks, gold etf, gold bars and coins. Not a gold shop stock that will benefit minimally.

Posted by Sebastian Power > 2020-08-11 15:23 | Report Abuse

Yeoman sudah lari, 50cents mari