Eldon copper price high dont impact ta win lar. They are copper wire producer moving into more downstream business to leverage om higher margin coming from it. Previously tawin are merely a supplier to their taiwanese boss but now with new management (few years old team) they're moving into more profitable business lar. Waiting for their Q1 result to see where they stand then.
I still like Tawin fundamentally, but technically, my software gave me a short term sell signal 2 weeks ago and long term sell signal last week. I just share what I know. Also, it gapped down 3 consecutive days. It does not look good. To be prudent, I still think it is a better idea for us to sell now and buy back later. Sell high and buy low.
goody99, i like the TAWIN fundamentally too. after RI, tawin will rich of cash to expand EV market. EV is future trend, so, my fund is ready to top up RI, my share will be triple after June. wait and see :} will win big at the end of 2021.
HONG KONG/SHANGHAI/LONDON (April 26): Copper climbed to the highest in almost a decade, as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high, as commodities advance toward the highs of the last super cycle. Metals are benefiting as the world’s largest economies announce programs to build back greener from the coronavirus shock. The US recovery is accelerating and President Joe Biden’s US$2.25 trillion infrastructure plan will highlight sectors like electric cars, driving further gains in commodities critical to the green-energy transition. That’s coming alongside a continued economic boom in China, where a push to reduce emissions is filtering through to supply cuts for some metals just as demand is picking up. “The super part of the copper super cycle is happening right now,” Max Layton, managing director for commodities research at Citigroup Global Markets, said by phone. “The bullish outlook is decarbonization-led, and I’m totally onboard with that for the next three to four years, but the super part of this cycle is actually more related to the scale of global stimulus.”
Copper — a bellwether for the global economy — rose as much as 2.1% to US$9,750 a ton in London, the highest since 2011. The metal has gained 25% on the London Metal Exchange this year.
Iron ore in Singapore jumped to the highest since contracts launched in 2013, while Chinese steel futures reached fresh highs
Most of you guys don't understand how right issue works. It will naturally dilute the price of the share and market will adjust accordingly. So if you want to invest in Tawin long term, best time to ep is after ri adjustments on 10 May. Let the price adjust and then after that you will get bottom catch. I plan to ep post ri date.
@peace 99, appreciate if u could share us ur knowledge on RI. I am interest to buy, but many ppl said is risky to buy before 10-May, advise to buy after 10-May.
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goody99
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Posted by goody99 > 2021-04-26 12:17 | Report Abuse
For those who still keep this stock, I suggest another option. Sell high now and buy low later. Glove stock may be a better choice right now.