Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , MARKET NEVER SLEEP MONEY NEVER SLEEP just BUY BOTTOM LOW PRICES WITH CASH COMPANY . This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheapers stocks market will GORENG lows price stock at BOTTOM.
That why u can get so cheap MMC, Ceo and director first time of Mmc bought some shares couple days ago that mean to show that the company still in good health, next month should declare div 3-4 sen!!!
yea but too bad i cut already wait and see how dont think the economy will turn around so fast. MMC business is so badly affected and thier debts is massive !
Bro nelson , im not concern about market bottom or not but look at world market its still weak with COVID 19 and many country lockdown thier port business sure badly affected, in a word all thier business is badly hit this round. engineering MRT 1 mth no progress, smart tunnel , ports, airport i believe malakoff still ok but most of them will be badly hit. its my guess la. with our country bad economy plus hit by covid 19 goverment seems very dry how are they going to spend in coming 1 or 2 years. Oil price is super cheap too. malaysia is triple whammer Political issue, Covid 19 and Oil price imagine how bad it is.
if u can really hold on for long term yes it should be ok they are not going to bankrupt but the QR looks ugly for sure and will eat into thier cash reserve too, this is scary part
Bro I think the same maybe worse than 1997 and 2008 but good news is alots of countries pump a lot of money into the economy and prints tons of money into the financial markets just like 2008-9 market come back very fast ( v-shape) but nobody can 100% sure it's a gamble that life!!! If Mmc goes back under 50 can collect slowly I advise but don't blame me, I personally think this company got future, Ports never die it's part of country economy!!!
yes bro i never say mmc will die just that at this time many uncertainties, there is reason why they pump in money like mad but remember malaysia is not USA EUROPE CHINA, they up klci does not follow even up it is the strongest company to run first not all counter will fly only those fundamentally strong will move follow by others
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2020-03-19 10:19 | Report Abuse
waaa...support terus parking @ 46
so big gap from 50