Gold stock like Poh Kong & Tomei can earn decent profit margin as long as the gold price is above USD2100 per ounce. It is slightly above USD2400 now. Latest QR is 15cent. Undervalued.
Gold price will continue uptrend ahead of US interest cut. Weak USD also make Tomei import gold cost CHEAPER, boosting its RM denominated profit margin ahead.
ISM manufacturing measure shows activity disappointed in August Activity in U.S. factories was slower than expected in August, the Institute for Supply Management reported Tuesday.
The ISM manufacturing index came in at 47.2% for the month, up 0.4 percentage points from the July reading but below the Dow Jones consensus forecast for 47.9%. The gauge measures the percentage of companies reporting expansion, so anything below 50% represents contraction.
7139 NICE, 2 years can mine 1200kg.. 1200kg = RM420JUTA , says profit around 300m lo.. now market cap is 200... if PE x15 means RM3... hosehlah!!!! SEATBEAT KASI ON WOI!!!!
The latest FED' rate policy - lower for longer - will keep the gold price going up for a long, long time ! This new policy will support gold or gold related stocks. 😍😍😍
Chow tai fook ( famous gold retailers in China+Hong Kong) share price hit bottom mid September 2024 n rebounding up..... today up 10%... super bullish.... China + Hong Kong economy will improve further due to Bazooka stimulus from China government ). Malaysia economy will certainly improve further due to highest foreign direct investment Top of the list among ASEAN countries...2nd is Singapore... and decelerating of corruption cases....
Tomei Consolidated Holds Steady with Promising Upside Potential Technical Analysis As of October 2, 2024, Tomei Consolidated’s stock price remains steady at RM1.860, the same as its entry price. The stock has held its position without significant movement, suggesting a stable outlook as it prepares for potential upward momentum.
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....
DonovanTingQY
93 posts
Posted by DonovanTingQY > 2 months ago | Report Abuse
Follow rich asian investors?
https://www.bloomberg.com/news/articles/2024-07-30/rich-asian-investors-are-hot-on-gold-despite-prices-offsetting-jewelry-market