One should look at the 1 year charts to have better understanding of the movement of price.
Summary : bigger companies tend to have prices traded at 52w High and testing the resistance with smaller peers shown tremendous recovery of 30% ++ from recent correction.
Steel counter 4 good trend worldwide 1. steel price up generally 2. raw material price down- iron ore price down 3. demand up- recovery from covid pandermic 4. production curb-low carbon policy from china
glove counter 4 trend 1. glove price asp start dropping generally 2. raw material maintain or slightly up 3. demand down- increase vaccination rate 4. production ramp up - china, thailand increase production
PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob. The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).
"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11). “Interstate travel is only allowed for those who are fully vaccinated. “The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added. Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...
10000 unit x $0.385 = $3850 can get $150, can get 3.89% return. Now $10000 for FD only can $390 pa. Am my calculation wrong? It already fair return if $3850 can get 3.89%.
The steel sector is cyclical so we have to compare steel company performance over the steel cycle. From 2009 to 2022, Leader achieved an average ROE of 2%. You may think that this is terrible until you find out that over the same period, the mean ROE of the Bursa steel companies average negative 1%. So to do well in a tough sector looks go. But is this the best stock?
Revaluation of properties will good to share price or just good for NTAB only? It was increased 83 cents for NTAB, but share price not increase much....
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
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Posted by milosh > 2021-06-13 09:45 | Report Abuse
https://klse.i3investor.com/blogs/milosh/2021-06-13-story-h1566194328-STEEL_hype_by_KYY_and_OTB.jsp