it will go up to 40. just buy and hold and let operator do his job. forget about recession. forget about covid19. this is one of the greatest bull in the makimg. klci year end at 1900
Brothers, apparently oil price is a fake global discussion point. When you know the cost of oil at least need to maintain USD40-50 level then all producers only can survive. Then why the price is USD20-30?
This is only short term and is a ransom holding by relevant party(ies) for more rooms to discuss.
Don't forget, when economy trending slow, there is normally all parties to maintain relative lower production and dont forget the global storage tanks actually will have maximum capacity one. Is not can built over night one. You can just go and see Dialog Pengerang storage facility using how long to build.
And dont forgot if economy (economic crisis) globally run down (recap i am mentioning economy not financial crisis ya) then based on history, will accompany by war either big scale or small scale.
And end of the day, oil price will recover very very soon. This will cover back some fundamental to Malaysian economy.
And of cos, benefit capital development expenditure to malaysia economy.
Eden case, i dont think their existing business will be attractive enough.
But ECRL is different story, they have 400 and above acres just beside ECRL KPC2 station. This is a huge huge huge huge huge business for them. Thats is the point attract me to bet on this share.
of cos, i done some homework where does this located to reduce my risk.
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....
Investing_Bursa
2,487 posts
Posted by Investing_Bursa > 2020-04-06 15:41 | Report Abuse
now no more below 15....slowly but surely trending up