layhong is a counter to keep mid-long term... if do trading/speculating is really not suitable.. when everyone start to panic sell? all the investor will start smiling... please continue to sell more..
JV is still on-going, please don't spread withdrawal rumour.
Share on big sales now could be due to investors are disappointed with below: 1. LHB is confident of delivering a significant rise in performance for the FY19. - turnout out only 2mil profit for Q1FY19. 2. A new JV plant with NHF, which is expected to commence operations by 2018. - Operation yet to begin 3. Ongoing ringgit devaluation- impact on machineries and the chicken feed.
According to Lay Hong’s 2016 annual report, due to the soft consumer sentiment, the group had reviewed its business plans and went on a cost reduction exercise and closed two non-performing G-Mart stores. It now has 16 stores in Sabah.
All pointed to one direction, therefore going down is anticipated.
lizz JV is still on-going, please don't spread withdrawal rumour. Share on big sales now could be due to investors are disappointed with below: 1. LHB is confident of delivering a significant rise in performance for the FY19. - turnout out only 2mil profit for Q1FY19. 2. A new JV plant with NHF, which is expected to commence operations by 2018. - Operation yet to begin 3. Ongoing ringgit devaluation- impact on machineries and the chicken feed. 18/10/2018 12:16
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....
OMGOMG
153 posts
Posted by OMGOMG > 2018-10-17 19:40 | Report Abuse
Better invest for mid term to long term. Trading / speculating is never easy for layhong