AGM soon, and see you guys there. Old man like me attend AGM for free gift^^.
It's tough for Mflour in 2nd quarter live bird price on Friday drop back to RM4.10. The chicken consume market force is not there this year even during Ramadan fasting month.
Take some calculated risk, worthy to buy / hold some Mflour. Nobody knows what's going to happen tomorrow in stocks Investment but I think upside surprised is coming
Hey dude, as I said old man like me used to attend AGM for free gift. With my 1,000 unit share, Im still can take part in AGM what. Cap ros tepung 1 packet, jumbo sausage 1 packet.
We are here to make money, for me there is no right timing when to sell or buy. When Im worried about the impact of live bird price, I choose to sell. I own rule is I wont ride with the sinking boat. I strongly believe 2nd quarter mflour poultry sector atleast loss 20mil. If you do enough research, you surely will agreed with my statement.
Between yesterday live bird price drop to RM 3.50. You can believe or you may choose to ignore.
Steve Ooi, in view of the current soybean price at 10 years low, do you think it is more than enough to offset the low bird price? Do note "Feedmeal accounts for almost 70% of the cost of production of the poultry division. Feedmeal comprises mainly corn and soybean."
If things are going on like now --> Dow rebounds, USD weaken, Wheat & Soybean depreciate, management's ultra positive outlook. Then Mflour should be top investment stock this year.
If Trump and China continue to fight until next year Nov, USD1=MYR5 is a possibility. At that time Mflour jialat lo coz have to use a lot of RM to buy US raw materials.
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....
UnicornP
2,848 posts
Posted by UnicornP > 2019-05-10 15:25 | Report Abuse
Who panic sold? The market is going up already.