Short term wise, I don't think the share price will jump too much. Cause expecting Q2 will be bad.
If u had red through the management discussion and analysis, they had mentioned their business had affected during MCO. http://www.cck.com.my/en/mda
"Despite being an essential industry and required to continue operations during the pandemic, the Group’s business has been affected particularly as our corporate clients, our restaurant customers and other food businesses experience sluggish or even no demand.
The Group had planned to open 2 supermarkets in the second quarter of 2020, one in Kuching and one in Kota Kinabalu. However, with the growing uncertainties, the Group will now proceed with the planned projects once the situation has stabilised."
However, if u plan to keep for long term, it shouldn't be a problem.
Volume suddenly surging prior to closing on Thursday.. Good result? Suppose during MCO, all kedai runcit sales flying high, people no intent to go crowd retailer.
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....
thesteward
6,782 posts
Posted by thesteward > 2020-07-02 20:57 | Report Abuse
CCk should be moving soon . Cab have moved loads . CCk FA much better