How is this downtrend business? Everyone needs oil to move around and be productive. Even if oil rigs reduced, existing ones need maintenance and support. This is not goreng stock. Hold till the end of the year, I assure you'll be rewarded
In stock market there's no fundamental to talk about, a strong fundamental co their share performance is the worse and small timer investors normally lose money..
Superpanda trying very hard to get people to sell and run away from this counter...bravo clap clap clap....however some part of me really do wish you would shut the F up already...
Bumi Armada Bhd reported a net loss of RM223.97 million for 1QFY20 against a net profit of RM62.21 million last year, as it recognised non-cash impairments of RM314.4 million following the oil-price crash in the quarter that pushed Brent to 30-year lows. Quarterly revenue, however, increased 12.4% to RM552.62 million from RM49 30/05/2020 10:55 AM
Hello Panda it does not matter lah....penny stocks qr bad also once retailers start goreng oso can still gap up....as mentioned by @haribaik no need everyday come tell us Perdana is doomed we are all grown ups and end of the day its our money it is not your money or your papa money or your mama money...ok...
Can try hengyuan 4324 .Hengyuan now is better than other o n g company ,because that only focus on the refining . The profit depends on crack spread, when the crude oil price decrease ,the cost will decrease and increase the crack spread profit but demand will decrease and the sale of volume also decrease. When the crude oil price increase, crack spread will be narrow but the demand will increase, demand increase and the sales of volume will increase , so overall increase the profit. History will come back from Rm2 to RM19.
OnG counters will start flying as the economy has begin to move people are going back to work which will trigger oil consumption as it will be back to normal as such now is the time to start accumulating OnG counter stocks in order to benefit once it uptrends.
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Westeros
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Posted by Westeros > 2020-05-28 11:20 | Report Abuse
Well really does not matter when my holding price is at 0.1 hahahahahaha