sohai... the country so boros like its leaders... thats why all in shit when oil price go down... never diversify economy... make oil as fulcrum of the economy... dumb leaders...
There's an opportunity here. Apparently, some analysts/investors have lumped Muhibah into "Oil & Gas". Yes, it is indeed involved in quite a number of O&G projects... for O&G companies. Muhibah is more of "Construction".
This counter is worth following and investing in. But at the moment, it's futile and foolish to go against the market. Better to wait for the turmoil to end, and for Muhibah to build a new price base first rather than trying to guess on its bottom.
muhibbah is more to construction, ship building n crane manufacturing... n they are into LNG Jetty construction etc.. they do depend on Petronas for some projects... overall, if malaysia go to recession, all companies will be affected... i am stuck with some zelan shares n not entered muhibbah since they paid out dividen months ago..
Tp is very subjective. No one can really predict. But this counter the net asset per share only 1.50 which is the fair value. Can refer to quarter report
Tonite US market open will see another 3% drop in oil price......and might trigger a massive sell off in Dow jones, then wat will happen to our market on Monday??? Booby trap!! Beware!!!
I'm putting aside things like TP etc. Crude oil price too. I think it's the right time to look at the technical charts and make buying decisions based on these. What's the bottom? Who really knows. All that we read and hear now are just opinions and guesses.
Until Muhibah finds a new base and consolidates, it's too risky to put in money right now. If we are lucky, it might rebound next week. If not... then we suffer until it finds a bottom wherever that might be. Protection of capital takes supreme priority in market turmoil like now. Much better to have unused cash at the sidelines while we wait for things to become clearer than to have `cheap' counters that get cheaper.
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....
gohlai
469 posts
Posted by gohlai > 2014-12-12 03:38 | Report Abuse
okok ...tomorrow in your dreams Rm2...hehe