how u calculate..if u expect mother 2.45, why supermax back to 4-5 cent...actually at at now(2.51) fair value for CM 0.11 to 0.14cent...if mother 2.45 fair value at 0.08 to 0.11... we expect if mother going up 2.65, fair value CM at 0.15 to 0.20...
we expect ringgit moving at level 3.20 to 3.30 until year end 2013... so, good for rubber/Glove sector...outlook for malaysia still weakness based on budget 2014..high debt, increasing inflation, downgrade credit rating...else.. blue chip moving up bcoz foreign buying..but not too long...klci still at 1800 or new high 1820 to 1850...down back below 1750.... fundamental for glove still good, better buy supermax than hibiscus,no fundamental..
RM now drop at 3.183 compared dollar...tomorrow down again at 3.200+++ so, supermax will continue up...better buy today...buyer CM at 0.16-0.165 (support price)...
How you see USD going in a month time from now? Is US increasing debt ceiling good for USD? How about the the scaling back of bond purchase by US with current partial government shut down, still possible to commence as early as November ? How will this affect USD again?
I thought previously , underlying gained due to the strength of USD ? No ?
Worse still, what if US defaulted in they payment? USD good?
If you think underlying ain't doing any better within this time frame, why risk staying around?
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....
zack_liza
1,560 posts
Posted by zack_liza > 2013-09-19 16:42 | Report Abuse
rubber down bcoz ringgit strengthen...tomorrow will rebound back...no worry...