Bought 0.525 Sold 0.57 (Yesterday) After sold I purposely visit my friend Hyper Market and talk to his purchaser. She said Egg's price increase for the past few weeks and going to increase further. So today buy back @ 0.54
Today is KLCI market correction. All egg stocks going down. CAB & CCK also go down but LAYHONG most active egg stock. Most active going down.. Ha.. Ha...
Well with foreign currency up chicken eat more expensive dried corn so more expensive egg is produced unless all Malaysian people tanam jagung then stock will rocket
Well with foreign currency up chicken eat more expensive dried corn so more expensive egg is produced unless all Malaysian people tanam jagung then stock will rocket
Most companies reporting declined profits. It's not due to poor management. It's due to trade wars between dumb and plum causing dollars shooting up. There will come a time when producers will reduce chicken supplies. It's most profitable to sell fewer volumes of eggs and processed chicken products at higher prices than selling more chicken at controlled prices where feed costs per chicken going higher and higher squeezing profit margins. Wakakaka.
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....
shpg22
2,984 posts
Posted by shpg22 > 2018-08-30 11:29 | Report Abuse
Downgrade fair price to 0.32. STRONG SELL