Observe the transaction today; other steel bloodbath kena throw kaw2, only YKGI is stable. And there's 240 & 250 which can be so easily pushed but no one pushing.
Meaning in March YKGI will be hoseh. Finger crossed.
I am also wondering why the price stagnant not moving higher if the QR is good. Insider normally will buy alot & has pushed the price by now. Something is not right
For the quarter under review, the Group recorded a pre-tax losses of RM0.6 million as compared to a pre-tax profit of RM2.61 million in the previous quarter. The result was impacted due to Reclassification Expenses during the period concern. Without the Reclassification Expenses, the Group would register a pre-tax profit of RM1.32 million. The occurrence of 3rd wave Covid-19 Pandemic in Malaysia and subsequently reimposed of CMCO affected the business operation which resulted in lower turnover and profitability. 15 Prospects The recent news on the roll-out of vaccine in Malaysia has provided a platform for the recovery of the economy. The recent rise in the prices of the steel products and other commodity items is a possible indication of better business environment in the coming months.
Bought at 235 today. I dont think market is looking for this quarter. I have seen cases where company report losses but nothing happened in the next trading. Yesterday engtex reported 5.5m profit but gap down and drop 7%. The operator is still holding big lots in YKGI, i doubt they will let it drop far. Any drop is just opportunity to collect.
but one thing for sure, this year will be a good recovery year for steel company since gov apply anti dumping and average selling price for the flatsteel has been rising
its a matter of sales volume to pick up for better rev and profit
They bought very big lots between 0.25-0.3. The last minute drop from 0.32 to 0.26 on that day was low volume drop due to falling KLCI. Their losses will be huge if they dump. Monday show will be interesting.
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....
SiggyWiggy
63 posts
Posted by SiggyWiggy > 2021-02-26 15:05 | Report Abuse
This counter will catch up to Hiaptek once QR is released. It's inevitable