NYLEX a chemical demand stock and move with ANCOM and also make movement for other chemical stocks.
If you see the stock was 0.780-0.800 range now trading with 1.200 range means almost grown up 50% in the cents difference. in future demand of chemical market is more and gaining the market depth also will be getting good range like ancom came from 1.400 range to 3.00 range.
1.450-1.550 range in next 1-2 months frame nylex have good potential to grow.
nylex petrochemicals distribution and supply is rising.
Nylex (Malaysia) Berhad, an investment holding company, manufactures, markets, and distributes petrochemicals and industrial chemical products.
About the company REWARDS PE ratio (10.5x) is below the MY market (15.7x)
Became profitable this year
so if ratio come in good side for this year looking to follow the same for next one.
NYLEX today high 1.26 , as ancom also taking it 49.7% stakes so can rise more chances . manipulation will come but better trade in small small gains and make better returns
Omicron Prompts New Covid-19 Restrictions Top U.S. health official warns the variant is likely to strain hospitals in the coming weeks; European nations implement restrictions
The Netherlands on Sunday entered a lockdown, with all nonessential shops, bars and restaurants closed until mid-January.
Dear Members on 19-11-2021 said NYLEX will again up in good range , so its have shifted to 22 cents up ,next resistance is 1.450 then 1.530 , coming up to show new high in next year also.
After the acquisition by Ancom it seems there's nothing left for Nylex. So far it's still silent on what's up next for Nylex... How to know whether it's still safe to keep Nylex shares?
It was already announced in 2020 that after Ancom Logistics is sold to S5, Nylex would buy AncomL's remaining (small) businesses. Perhaps more synergistic acquisitions planned after that? But that RTO deal is still pending after 1.5 years
An MSCI gauge of Southeast Asian, or Asean, equities fell less than 2% this week and rose to an 18-month high relative to the Asia benchmark, which slumped almost 5%.
“Asean is now less vulnerable than in the past as current account balances have improved and valuations on equities, bonds and currencies are less demanding,” UBS Group AG strategists including Niall MacLeod wrote in a note Thursday. “Markets are in a much better position relative to 2013.”
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....
ZoeZoe
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Posted by ZoeZoe > 2021-10-11 21:13 | Report Abuse
but all this assumption will only be favourable if ANCOM price goes up! If it drops it is all GG!