Oldchinaman pls comment overall this week MSM performance..And what u expect for next week as Hari Raya coming...logic think is sugar..hope u share something....tq ya
The short term players have almost cleared all the shares for the past month. And the friday surge brought in some new short term players. With big volume of 193million shares done, and the share price up 9c. The daily movement is good.
For the future of this company, the raw sugar price plunged from USD13c to USD 10c per pound (27%). Theoretically, the company can save about RM350 million per year. The price of fuel and bank interest rates also lowered . This will save millions of RM. Morever, 4 new renowned independent non-executives were appointed on 08/05/2020. I think all this is positive.
Some resources have said that some big boys are going to take over the company. If this is true, then the share price will shoot up to RM2 to 3 quickly and without fear. Otherwise, the share price will fluctuate in the coming months. In the 1st quarter, there will be a loss. (the results will be anounnced end of this month or next month) From the second quarter onwards, I believe it will make profits but we have to be patient as the share price will not shoot up immediately. It will fluctuate. So I believe in the long term, the company will make money and the share price will be positive.
Due to all respect to oldchinaman,im not agree that MSM will report Lost..I hv follow patiently MSM qr by qr & as that time the price is to high & i dont hv big capital to brought.LUCKY! But if u all read on last QR,the mngmnt is very optimistic that coming QR will be turn to profit. And during MCO,u can read that news reporting MSM profit might be delay due to Covid19. BUT the mngmt clearly stated that MCO is not affecting their production. Im hope, believe & pray this coming QR will be at least little profit. For MSM counter im invest..Im closely monitor after i saw 2 big transaction (38mil vol) for two days on 6 & 7 april 2020 and i trade 1 week after that... Hope the best!!
gopiwira, i bought 200,000 s @ rm 1.70 last year april and i accumulated 2,103,000 shares from 19.3.20 to 21.4.20 price range 25.5c to 61.83c total i hv 2,303,000 share @ average cost 47.7c
Master Oldchinaman I will adopt this strategy. Must be able to average down to be in business. If not, when can we recover our hard gained money. Tq again
apolloang. same name all under cimb, should be rank 16, but the annual report 2019 shareholders list was as at 31.3.2020. and most of the shares i bought was after 1st april 20, so my name is not in the top 30
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....
Cloudboy
456 posts
Posted by Cloudboy > 2020-05-15 12:24 | Report Abuse
Pump and dump....BEWARE !!