I would like to reiterate that the fundemantals of the Co remain good but the same cannot be said of the political situation but it is still a buy call for this stock as it will be more affected by external conditions rather than internal
if look at the ASP for PP is dropping to Feb'21 level, and the direct material Naptha is in increasing trend, not sure the share reflect ahead the financial headwind on 1Q21? hope it doesnt break 2.76...
@royong82 1 Qtr 2021 results were out ardy mah and recorded record profit of 400 mil plus the next qtr results is for March to June 30 and is expected to be announced end of July 2021 and is expected to have another record
No worries investing in company like this...just take the price range as trending from 3 - 4, wud be most satisfying. U can still make a comfortable sum even if u adopt a trading strategy approach.
Ok...It is 2Q21. PP price for Apr21 to June21 is relatively low compare to March21. Will expect unfavorable to finance. Hope company continue improve the mfg cost.
Lctitan...can be considered as pretty stable lately. Perhaps u all can consider taking a look at another potentially stable company with a rather healthy balance sheet all this while i.e. QES... an upcoming semi-conductor gem
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....
Live2Win
486 posts
Posted by Live2Win > 2021-06-04 17:13 | Report Abuse
3.50 - 4.00 ...reachable soon. Just be patient everybody.