Posted by icepumpkin > 2020-06-02 15:28 | Report Abuse

blue chip look moving up

Posted by Jasonlcs > 2020-06-02 15:39 | Report Abuse

i doubt today will close in green

Posted by 一卖 就涨 > 2020-06-02 15:43 | Report Abuse

bought at lowest point today still ok, bought at higher price need to worry liao

Posted by Jasonlcs > 2020-06-02 15:44 | Report Abuse

@reezdragon85 we comment here about stock market, you may disagree with my opinion, but should not doing insult or personal attack.

Posted by sammmy > 2020-06-02 15:54 | Report Abuse

Don’t worry. Strong support at 30cent. Just a normal correction. As long as you are not buying with margin. Just stay calm and hold tight.

Posted by sufian572 > 2020-06-02 15:57 | Report Abuse

Bursa issued restriction to healthcare related counters.
That's all. That's why most of them in red today. I believed that the current red is temporary.at least for today.
As long as QR is not announced yet, I have big balls to hold and even top up more.

Posted by FactsandTruths > 2020-06-02 16:05 | Report Abuse

Comparing yesterday's increase and today's drop actually is not as worrisome. As many mentioned as well, is just correction or traders are diversifying. Regardless, look forward to the upcoming QR which is much being anticipated by many as its believed this pandemic most of the other sectors have had not been generating good revenues except healthcare and some other sectors.

@Jason you kept mentioning "personal attack" in fact no one has been doing it except you for pin pointing the counter gonna plunge this and that instead of valid and genuine discussions which are very much welcomed. Or else you can really just move on to another counter which you think its worth investing as you say, move on.

Posted by Stockhunter88 > 2020-06-02 16:06 | Report Abuse

sufian572, what kind of restriction announced by bursa on healthcare counter?

Posted by Jasonlcs > 2020-06-02 16:12 | Report Abuse

@FactsandTruths i'll stay here, waiting to collect below 0.300

Posted by icepumpkin > 2020-06-02 16:27 | Report Abuse

430pm show start

Posted by Happy_lucky > 2020-06-02 16:30 | Report Abuse

Can try hengyuan 4324 .Hengyuan now is better than other o n g company ,because that only focus on the refining . The profit depends on crack spread, when the crude oil price decrease ,the cost will decrease and increase the crack spread profit but demand will decrease and the sale of volume also decrease. When the crude oil price increase, crack spread will be narrow but the demand will increase, demand increase and the sales of volume will increase , so overall increase the profit. History will come back from Rm2 to RM19. Super undervalue. Can limit up due to only 300 millions share. last chanse to get cheap price.

Posted by btuscy > 2020-06-02 16:34 | Report Abuse

@jasonlcs if u want to collect below .3 just do it quietly, i know u butthurt miss boat.

Posted by btuscy > 2020-06-02 16:35 | Report Abuse

Dear all, please hold and dont feed clown/sharks cheap2

Posted by pamie > 2020-06-02 16:36 | Report Abuse

Unexpected closing below 30c today. This afternoon, the support seems around 31c. Fuh.

Having considered last night so many anticipate that this morning will be gap up again continue from yesterday.

Posted by Tripaka > 2020-06-02 16:36 | Report Abuse

Want to buy? Wait for tomorrow. See the flow..

Posted by icepumpkin > 2020-06-02 16:36 | Report Abuse

last chance to buy below 30c

Posted by lollipopkan > 2020-06-02 16:37 | Report Abuse

Today slight correction, its okay.

You lose hard if you chase high.

Posted by btuscy > 2020-06-02 16:38 | Report Abuse

0.295, counter now trying to break 0.3 again, same like yesterday whereby people did not even expect it to break 0.28,

Posted by Jasonlcs > 2020-06-02 16:42 | Report Abuse

@btuscy i would say today will close below 0.300
tomorrow buy queue at 0.255

Posted by btuscy > 2020-06-02 16:47 | Report Abuse

Cannot do anything at the moment, just see the trend and tomorrow only decide what to do, too volatile at the moment

Posted by jkfost > 2020-06-02 16:56 | Report Abuse

from my point of view, covid related counter overheat already. i move to OnG counter now. find the right theme my friends

Posted by persie > 2020-06-02 16:56 | Report Abuse

Today has happen a slightly pullback and profit taking. Tomorrow will be a rebound. Sure..

Posted by lollipopkan > 2020-06-02 16:57 | Report Abuse

OnG counters are not overheated?

Posted by imvu > 2020-06-02 16:57 | Report Abuse

besok gap up?

Posted by c9313h > 2020-06-02 16:58 | Report Abuse

Hold first...

Posted by sufian572 > 2020-06-02 17:00 | Report Abuse

esok harga akan berada dalam bollinger band.
maybe will play around current price, with swing down maybe about 5cents.
anyway you can let it go first and buy in deep.
but i advice just hold it tight.

Posted by Jasonlcs > 2020-06-02 17:03 | Report Abuse

I believe tomorrow afternoon will rebound.
I'll join you guys at 0.230, together we rebound and take profit =)

Posted by icepumpkin > 2020-06-02 17:22 | Report Abuse

hold. it will fly again.

Posted by williamtkb > 2020-06-02 17:29 | Report Abuse

Today for profit taking. Tomorrow will push back to 35cents.

Posted by FactsandTruths > 2020-06-02 17:53 | Report Abuse

Yup analyze and understand the current situation, today more to profit taking then transit to blue chip counters. Regardless, set your own target/planning it’ll rebound just the matter of time. This counter is still relatively low in comparisons and more to go.

Posted by FactsandTruths > 2020-06-02 17:56 | Report Abuse

And also compared to yesterday’s increase the drop today is still considerably okay in a sense.

Posted by Belisto Skrang > 2020-06-02 18:36 | Report Abuse

BCM acquired 25% shares in Foodict maker.

Posted by icepumpkin > 2020-06-02 18:36 | Report Abuse

Yday suddenly increase because hlt limit up. People dnt know what share to buy so came herr and buy lol. Hahaha.

Posted by Belisto Skrang > 2020-06-02 18:37 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055469

Posted by geary > 2020-06-02 18:39 | Report Abuse

Belisto Skrang BCM acquired 25% shares in Foodict maker.
02/06/2020 6:36 PM
Good news...Defensive consumers products...!!!

Posted by Boringguy > 2020-06-02 19:04 | Report Abuse

Huh Good news ?? is terminate right...

Posted by Gala Kat > 2020-06-02 19:08 | Report Abuse

Good luck to those sitting up high ..

Posted by sufian572 > 2020-06-02 19:16 | Report Abuse

it's not a good news actually. the agreement was terminated.
bcm planned to diversified its business to dairy products, but seems it could not happened.
I personally suggest you have to letgo bcm for a while and come back when the sentiment is ok

Posted by sufian572 > 2020-06-02 19:21 | Report Abuse

Actually the price fell quite significance. more than half from the spike yesterday.
predict tomorrow will have another sell pressure. thats why i strongly suggest let it go for a while.
but it will up to you.if you have holding power,it doesnt matter. if you are kind of like fifo,you should find the opportunity

Posted by persie > 2020-06-02 19:22 | Report Abuse

The deal is not done means the money is still in the picket. Nothing happen to the company. Remember for tomorrow rebound. If you cannot tahan you can sell at 0.29 or 0.30 or you will happy run to 0.33 - 0.35

Posted by jack90 > 2020-06-02 19:23 | Report Abuse

Consumer products will be the next focus, AA, Genting, Karex, BCM and Solid Auto.

Posted by HumbleFund > 2020-06-02 19:23 | Report Abuse

According to the link it means BCM suppose to acquire Foodict but agreement was terminated due to cut-off date alrdy.

This is what it meant right?

Posted by persie > 2020-06-02 19:24 | Report Abuse

Since the company is in good balance sheet so no worry about that.. Happy rebounding for at least tomorrow...

Posted by geary > 2020-06-02 19:30 | Report Abuse

Boringguy Huh Good news ?? is terminate right
Ya...termination of previously proposed...no effect on EPS n book value anyway...they have the cash flows...look for better business opportunities...!!!

Posted by HumbleFund > 2020-06-02 19:34 | Report Abuse

Thanks @geary ...yalo no effect i guess, is just suppose to acquired but didnt get it. If i think they acquire got more potential for future la but now they have more cash on hand

Posted by geary > 2020-06-02 19:36 | Report Abuse

sufian572 it's not a good news actually. the agreement was terminated.
bcm planned to diversified its business to dairy products, but seems it could not happened.
I personally suggest you have to letgo bcm for a while and come back when the sentiment is ok
Present business model good...That's to say management are prudent allocating free cash flows for Capex on sustainable growth business...business efficiency above average...!!!

Posted by geary > 2020-06-02 19:42 | Report Abuse

HumbleFund Thanks @geary ...yalo no effect i guess, is just suppose to acquired but didnt get it. If i think they acquire got more potential for future la but now they have more cash on hand
Hahaha...you prefer what special dividend...bonus...or they use our cash flow for business expansion...but what type of businesses they intend to buy...that can create more cash flow from operations...all you want lah...hehehe...!!!

Posted by FactsandTruths > 2020-06-02 20:08 | Report Abuse

I believe and understand today’s market is rather disappointed due to the facts that the market is actually looking at the much anticipated conclusions of MCO hence, more towards blue chip counters like Genting. In addition today’s deteriorated share price of healthcare not only BCM, it’s peers such as LKL, careplus and also the big players glove makers so don’t be panic and emotional which leads you to be irrational and lose judgments with such mentioned termination news. Agree with what as mentioned by some of you, also we try analyzing from a point of business owner view is it rational to acquire such business at this moment or rather keep the cash in pocket (dividends,bonus) and perhaps it’s a blessing in disguise for the termination. It might has something to do with yesterday’s closed deal trading and it could also be some shares restructuring reason being possibly there’s an upcoming plan ahead for example Careplus joint venture weeks ago? It’s just my assumption though but trying to point out that if is all planned meaning they are trying to make better use of the funds instead of acquiring Foodict. Business owners must react well and adapted to every different circumstances being thrown at them. Strong FA and business model of BCM we have discussed countlessly which is doing good and putting those aside, it’s more into psychological war under such volatile market. Regardless what, it’s all just my thoughts and opinions by putting myself into their shoes as business owner. Good luck guys

Posted by FactsandTruths > 2020-06-02 20:14 | Report Abuse

One more additional point with their strong net cash flows they stand better chance for any potential M&A under this circumstances. Once again, just my thoughts and opinions.

Posted by geary > 2020-06-02 20:19 | Report Abuse

Hahaha...Risk n Reward equal to business challenge...to take this challenge n forge ahead...stock isn't a piece of paper... it's a business opportunity that will reward you n break you...So analyse business growth potential...be prudent...with your capital allocation... Upswing...on the way...!!!