3.00 against USD? Haha...slow slow wait la. USD got 3 - 5 time chances to increase interest between this year, ringgit jz 1 time only this year to increase.
When everyone said ringgit up ,that means time to buy in this counter !why ?? Rm up bc of oil & election ! By end of this year let see wether still got this kind of song or not .Oil may drop sharply bc US & RUS increase their production .RM back to 3.00 that can only see in the history book .
If oil futures keeps heading North mankind will have only abt 50 years to live on Earth. They have only 50 years because at the current rate of usage everybody will be fighting for the last few barrels in that time. Oil prices don't stay that low for so many years for no reason.....cheaper or free energy sources are already looming at the horizon....waiting to be released....to save mankind from extinction.
Yes huahtai98, cant wait for elon musk to release his toys. Election is one of the reason the market is bullish, i wont be suprised to see fgv drop back to 1.5 after that and ringgit back to Rm 4 vs usd. For longterm investor, this is a good counter, for short term you better go elsewhere.
The weakness in share price is due to the strengtheing of the ringgit against US dollar contributing to current weak predicament.
What investors need to distinguish is whether current "problem" is a temporary problem or a permanent problem that will diminish the return the company generates for its investors.
Jon, my average 3.5...I sold out 4.07 and 3.94.....never bought back even after fire... Not holding any..as it kept getting cheaper daily. . Might consider entering 2.80
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....
Chris Chow
8 posts
Posted by Chris Chow > 2018-01-26 11:35 | Report Abuse
Please sell your units. I want to collect and already Q at RM3.20, hehehe