Don't quite understand how Bursa counters move. Recent quarterly results release for some other counters who make 20-30/50-70 mil all made their share prices surge with very lofty valuations.
From the look of it, this company can easily make profit over 1 bil this year and the share price fell. How many other mid-size companies are there in Bursa that can make profits over 1 bil in a year. A strange market.
@Lukesharewalker one way to capitalize retained earnings is to give bonus shares and I don't discount that possibilities. Btw at this level it is a good buy irrespective of what the manipulators want to do
Lotte Chemical Titan Price target: RM5.00 remains. We believe that the worst is over for Malaysia in terms of political uncertainty. As well as the capitulation of the oil market
Don't understand why shorties wanna short a co. that will make 1 bil profit this FY maybe the price will surge closer to the dividend date which is next year but from now to then only operators play that is why an interim dividend is important to give some confidence to investors and curb unnecessary manipulation
The spread of the Delta variant and extreme weather contributed to a larger-than-expected slowdown in China’s economy in July, figures released Monday showed. Indicators of industrial, consumption and investment activity all showed growth retreating faster than expected and decelerating from June’s yearly growth rates.
Source: WSJ | Commodities
The data are a concern for commodity traders because China is the world’s largest importer of oil and a huge consumer of other raw materials such as copper. Weakness in China’s economy can quickly spread around the world, analysts say, particularly when travel patterns and supply chains are being disrupted as they are now due to the coronavirus.
2. Stronger US dollar increases costs of commodities for foreign buyers,
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....
Lukesharewalker
6,525 posts
Posted by Lukesharewalker > 2021-08-09 21:31 | Report Abuse
Oil just went below usd70. No danger of high cost of materials