I made 3 rounds in SP Setia and are not even buying at current price ever since I switched holdings into glove related stocks at the onset of Covid-19 and increase cash fortress to prepare for bear market. Equities risk premium and volatility way too elevated in view of Covid-19 and plunging global oil prices.
Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.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 RM10 drop to RM5, 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 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks market will goreng lows price stock at bottom.
Even at 0.80, those buying must be prepared to invest for the long run and able to “stomach” the high possibility of Rights Issue for property sector !
Hi, I received SMS saying Dividend will be credited to you acc but until now haven't receive. I have been calling Tricor but no answer as well. Anyone of you facing same problem?
SP Setia 1st quarter profit drops 62%.Next quarter profit will worsen and drop at least 80%.Property stocks is very badly impacted by MCO and economic recession
No more dividend declare this year to save cash for high debt finance cost RM55million quarterly (RM220million yearly). EPF keeps disposing SP Setia as its cash balance keeps decreasing
If any company wants to extend announcement 1st quarter financial result until 30 June,the company needs to apply first for approval from Bursa Malaysia Securities Berhad
i noticed those in high number of projects and yet with lots of inventory.. will take the heat.. , look at mahsing (uj and epf dumping heavily) also suffer the same faith at the moment.. spsetia (epf acquire until apr and then start dump all the way)...
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....
RainT
8,448 posts
Posted by RainT > 2020-03-09 12:28 | Report Abuse
mega sales today