Market is like casino.....BIG or Small If Wuhan virus continue - market continue down. When Wuhan virus over or when they have found a way to resolve the problem, Market will rebound very fast.
since Oka is not a speculative counter, it is okay to hold onto it. Those speculative counters highly promoted by the promoters every day, will be like a bottomless pit.
wahd, selling price depend on market. If everyone same product maker increase price then able to divert customer else OKA absorb the cost to attract the customer but lower profit margin (deduct 2 or 3 %).
In future Penang and Kulim new airport require a lot of OKA building material. Currently you can find a lot of OKA building material in Penang airport new car park area.
We are currently in low interest rate environment which benefits property developers and contractors. They pay less loan interest to the banks, so they have more spare cash either to pay raw material suppliers such as OKA on time or buy more raw materials from those suppliers for future property development. Just my two cents. Entered my position at 0.67.
the company has set aside a certain amount of money for dividend payment. So no need to worry. Must understand the fact that number of shares have increased bcos of the bonus issue. So don't compare about the sen, but the amount of money you received.
Penang airport expansion and Kulim airport projects could last for many years. If you don't believe me, go to Penang airport, you could find a lot of OKA building materials on the floor.
Possible for uptrend continuation. OKA is riding on its current uptrend. Improving MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.770 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.790 and RM0.820.
Should the FBM KLCI stay afloat the 1,400 psychological level, Leong said there could be recovery extending towards the 1,455 level over the near term.
KLCI 1455 pts coming next week ?
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SHQuah
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Posted by SHQuah > 2020-01-29 13:14 | Report Abuse
I expect next quarter result announce In February should be very good and dividend % higher than last year.