risk I have no idea where the price is going I only 100% know that the demand for the products will be less in the near term there is no reason to buy the shares China are building and planning huge capacities far in excess of their own requirements. Means exported to get forex exchange purposes people with heads in sand always quote huge capital outlay. huge capital outlay not issues. skill is an issue. those who buy are betting that Malays who are the workers are the MOST SKILLED in the world. Of course this is true otherwise you will NOT buy.....
already US discovered that China skilled workers cannot be replaced at all.
China is a state economy. They build factories for employment and forex exchange purposes. Even at breakeven or small loss, they will sell their products already No one can compete with them. Trump was right to take some action.
I don’t think anyone can be a successful prophet or weather forecaster trying predicting share price. Longer term, only consistent growth of the business can cushion impact of risk.
I already said it will drop to RM7.50; this seeming "support" at RM7.50 also doesn't look like it is going to last long, especially when EPF keep hammering down with disposals of 1 million or 3.9 million shares almost on daily basis.
Lotte Chemical building another petrochemical plant in indonesia. The market is already on an oversupply mode and more coming online. This is just great.
Good news for KLSE and Malaysia's economy with budget 2020... Like that our KLSE will spike up to break above 1,800 points ~ 2,000 points after budget i.e year 2000, 2021 and etcs
Wow, US cuts interest rate again, like that Malaysia will follow soon ! Lower interest rate is good for stock market and all other sector to become bullish and prosperous !
It won't be delisted just because the profit has declined half compared to corresponding quarter. However, judging from the challenging environment of petrochemicals, most probably it is overpriced for now.
Posted by enigmatic ¯\_(ツ)_/¯ > Nov 13, 2019 2:39 PM | Report Abuse Not too bad. Profit substantially down, but net cash generated is rather okay. With big boys EPF & ASB gobbling, price won't drop too much, I presume.
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RainT
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Posted by RainT > 2019-09-24 11:37 | Report Abuse
@jaya
8.50, not so fast la
at least until next quarter result to see the turnaround effect