Market capital is number of share multiple with share price not same with gold inventory is book value. So don't confuse . For example you bought McDonald's share not to buy they frying machine , you buy because they generate plenty of revenue translate into good dividend yield and genuine capital appreciation and growth over time from 10 stores to million store around the world , same goes to poh Kong .. poh Kong incurred loss how to compensate investors plus their store closing .

@Alien1102, they buy back share to prevent they loss market capital and they won't mind to spend million ringgit after make plenty profit from 30 cent bought and sales at 180 cent, 6 fold profit.. I think tommorow ikan bilis will come in , director will at sideline to grasp their profit at the high maybe at 130cent. This stock not back by fundamental , gold expensive not one afford to buy at reccesion , store making loss.. so how to justify the high price of stock price ... Gold in store not translate into revenue( stuck) , overhead costs everyday still need to pay( rent, utility and payroll). So where their got money to pay, by making profit out stock market as jewelry business not good. Company incur loss of million till end year as weak consumer sentiment and high number of unemployment rate still high above 5%.

I think shark buy stock that behind reason why stock price up again.. either Hong Kong group or epf.. in second intraday shown consistent uptrend.. hope their earning is post strong quarter result..

Did you notice in second intraday market session , chart shown suspicious trend as compare to the first intraday session..it mean director that push the share price up to save their company capital from burst into less than 10 cents.director have ample money to burn while ikan bilis doesn't have.they don't mind to burn million ringgit to allure new victim buy this stock as they can cover back when sale at the high price.look at poh Kong no want line up to buy jewelry and they making loss million of ringgit.to cover up they loss they trading their share in the public , by spark interest to buy in then sell stock ... From 180 cent down to 78 cent, suppose today down to 40 cent. Director buyback ... Same cycle will happen here

This counter up because director buyback because they want to save company capital from down to low 10 cent. Don't be trapped again .. don't buy learn from other mistakes. Once director sold out (dispose) immediately share price plummet to 30% ..

Drop this counter, you will loss most of your capital.. many people here loss more than 30%-70% some loss more than 5k.

When the coming quarter ?

Tq dawchok, in long term looks flourish,the potential buyer for mpi's product will be Tesla for use in electrical vehicle as well botch's electronic component.

I got confused the prospect of this stock, please enlight about the pro and the contra..in long term, is the business will flourish or not ?

Tq sd99

Should I cut loss now or wait stock price to rebound

Gold up +1.38% or +$usd27.80 to trading at 2045.80 and still heading up break resistance level 2050 and subsequent resistance level 2080..I bet tomorrow will hit new high price gold future at usd2100. Just have faith.. can't wait to see gold price stock rally ...

Analyst forecast gold would be trade at usd 2500 at the end of this year, so hold your stock. This just profit taking and break before share price hit rm2.00 in this week in line with the expectation gold future will break usd2100. Fundamental investor vs daily investors use different approach.. safe be fundamental investors as they look for long term.. gold have cool down time...but gold price indicate strongly on uptrend after profit taking now head to usd2100 resistance level. Buy low , sale high, if you stick to trading plan for cut loss and profit margin..

Tq. I will hold stock

Gold at as 1/08/2020 at 5.19pm , gold trade at usd $1971.20, showing continuous uptrend and no sight of lossing momentum on gold prices. How when market open ,stock will rise back by strong gold price and strong demand on gold.

Ok tq so gold inventory price rm1.93, where research paper or financial statement.. do you think price can go up to rm1.93. Rjwealth ?