Find it hard to understand where the steel bar demand comes from given the limited construction activities in respect of workers at site coupled with the fact construction activities may be halted in the event number of C19 cases increase among workers. Quarantine and pcr testing will need to be carried out before any activities can commence. Steel price may go up due to material shortage but there must be demand in the first place. The current situation is rather daisy....
On 26.7.2021, you said, "During lockdown all factories including Hiap Teck and all other steel companies and all construction companies must remain close. As a result, all steel companies and construction companies will definitely lose money because they have to pay their permanent staff, office maintenance, depreciation of assets, bank loan, etc."
you further added,"All investors should have some common sense to know this fact and quickly sell all their stock holdings like what I did a few weeks ago"
Then on 27.7.2021 you said "Investors with some common sense should know that Hiap Teck will surely report reduced profit or losses in the next few quarters due to the extended period of lockdown."
On 6.8.2021 you changed your mind and start promoting aggressively despite the fact that the price of Hiap teck has remained around 50 sen level during that period.
Uncle KYY, those are your words not mine. They are so contradictory. Please note the MCO is still on and political uncertainty is at its height.All these do not matter now when you have bought at around 50 sen and hope other people join you to push up the price??
We know you suddenly love steel stock now,are you sure you are now happy with MCO and political uncertainty??
Posted by stockwin > Aug 14, 2021 1:58 PM | Report Abuse
On 6.8.2021 you changed your mind and start promoting aggressively despite the fact that the price of Hiap teck has remained around 50 sen level during that period.
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He should take time to look at his own postings which had reflected badly on his judgement & advises. How could a so called seasonal investor behaved like that... flip flopping over just less than a month.
All his ego & his past achievement has clouded his judgement. Being successful in past does not guaranteed that his will be successful in future.
Be humble & graceful... anyhow long term value investment still the key investment strategy for those young one.
The outcome according to my Uncle, will astonished everyone in Malaysia. It’s between 2 people only actually vying for PM post. The problem is can one of them trust the other one? One of them have to relent to allow another one to become PM. This prediction is according to my Uncle sixth sense. Sorry can’t reveal the two names above. Stay tune...
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....
AllanOng
1 posts
Posted by AllanOng > 2021-08-14 11:04 | Report Abuse
Find it hard to understand where the steel bar demand comes from given the limited construction activities in respect of workers at site coupled with the fact construction activities may be halted in the event number of C19 cases increase among workers. Quarantine and pcr testing will need to be carried out before any activities can commence. Steel price may go up due to material shortage but there must be demand in the first place. The current situation is rather daisy....