every time when price is up, everyone wishes the price to drop so can buy lower. But when price really drop, everybody starts selling instead of buying, lol.
There was a fire at its main factory in Vietnam early yesterday morning. two blocks were gone. a production line and a warehouse were destroyed by fire.
very strange, in 2010 the fire was at Finished Goods warehouse and yesterday the fire also at Finished Goods warehouse. Both fires also happened at around 3am when nobody was around.
latest news from insider, my friend in Vietnam just confirm that the main production line in Binh Duong province is in a serious matter, both the spray line and finished good store is totally damage by fire. Incident happened at yesterday morning 3am.
total already 4 times this company being burn in Vietnam, should any insurance company will take the risk for cover all these losses for the company??? if yes, doubt the premium will be very high..
I remember selling all my Liihen shares at RM1.75 for exactly the same reason. One of its 7 factories had being burned down sometime during April 2014. Well Liihen went on to make even more money that quarter and successive quarters and is now RM5.74 today. Should I sell??? You kidding right. Pohuat's directors say that the premises, equipment and stocks are insured. That is good enough for me.
for this counter, the main catalyst is the share split. Now awaiting approval from Bursa. Once approved, they will call for EGM. After that the share split. So for now, we wait...
one of two factory burn, 50% production cut, customer go to buy from other supplier, they need 3-6 months to back to operation. after operation need find back customer.
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....
erkongseng
3,192 posts
Posted by erkongseng > 2015-08-19 17:26 | Report Abuse
慢慢来比较穩,rm 2.65 哈哈!