Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Today agm announced potential railway project worth hundreds of millions ringgit under negotiation. Once secured,believe their share price will go north very drastically.
Guess this is related to a big project that could have been awarded that worth hundreds of millions ringgit. If true then 2mrow comcorp share price will go north definitely.
Capital reduction is to set-off the accumulated losses, so in the future if Company make profit can distribute dividends back to shareholders lar...If a Company got accumulated losses cannot give back dividends. Number of shares still same. Good case study for those in regularization plan haha
Many railway tenders also coming soon for them to tender, so if the restructuring is successful actually quite good prospect also. It's heavily linked to UMNO as well. Can put in the watchlist for now, wait for the price to stabilised a bit then only consider taking position.
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....
JadeSchira
544 posts
Posted by JadeSchira > 2020-02-25 22:33 | Report Abuse
Tomorrow up