im a strong supporter of tomei, but i dont expect any significant gain in the short term, it will probably take months maybe even year to get to its fair value, next QR will be affected by FMCO so impossible to inspire people to buy, price of gold also can not expect will go up significantly, the company listing proposal will also take more time... just hold & buy more on weakness
TOMEI CONSOLIDATED BERHAD ("TOMEI" OR "COMPANY") - PROPOSED LISTING OF YI XING GOLDSMITH SDN BHD ("YXG"), GEMAS PRECIOUS METALS INDUSTRIES SDN BHD ("GPM"), EMAS ASSAYER SDN BHD ("EASB") AND GPM REFINERY SDN BHD ("GRSB"), ALL OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF TOMEI, ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("PROPOSED LISTING EXERCISE")
Once listing Approved. Tomei share will immediately go up.
Neoh is wrong.Many wedding delay.If 2020 and 2021 wedding all deduct 50 percent;then per year 100k(due to MCO and economy).Not much restaurant abd hotels welcome large scale wedding.Hear 20-30 table only due to SOP.Some-more many wedding cancel due to 2 years of weddings.
alpha: yes but tomei is not gold etf, they make profits from sales ... high gold price will increase profit margins but still their bottom line comes from sales, if gold is at 5000usd but they dont sell single ring they dont make any money. same if gold price is low but people will go crazy and buy lot of gold, they make profits. I am a long time supporter of tomei, but thanks to their fundamentals, for me its not just a gold proxy, for that i buy directly gold etf ...
for me tomei is now about weddings backlog so many people must buy at least gold rings, another factor was deepavali. I saw personally their shop full these days
Some people like to brag when they are right some just take their victory in stride. I guess u have to brag if u are touting investment advisory services
Tomei's QR is excellent! With MCO still can make money. I think many of us underestimate their manufacturing arm which makes jewellery for others and export.
for 30years, Gold is the only standard used for hedging against financial disaster---But since 2020 we have BitCoin, DogCoin, Small & Big Coin, Blue, yellow Coin, all competing with Gold--- Only OldTimer fund Manager invest in Gold while the rest (40--50years Old Fund Manager) favour more exotic Options
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....
milosh
377 posts
Posted by milosh > 2021-09-20 16:10 | Report Abuse
these days there is also liquidity problem, so any bigger buyer/seller moves the price a lot