Sell along the rise if we are in profit. Period of export stocks will over soon. If you are frank enough, you'll admit this kind of export stocks such as chinwel are only mediocre cyclicle companies. All the insiders of this companies knew the fact that what they are enjoying now will not end forever hence do not be their victims and get slaughtered. Look at wider picture and place your bet in the next sectors in rotation i.e plantation/o&g n you will do well.
Stock market reacts 6 months ahead of news hence the fall of export stocks will be coming really soon <> 6 months ahead the real effect of RM strengthening. At this current situation, do not ever believe all the technicians and chartists as they will be trying to exploit us the retailers for them to clear their positions. If you like a company in this industry, mieco is safer bet due to its lower exposure in export and much cheaper in term of valuation.
everyday in the market there is risk.....don't want risk? how about Fixed Deposits for you? why you always react...why not pro-act? you see some concept players throwing like no tomorrow....your tails also cannot be seen already?
muscle > Jan 30, 2016 06:32 PM | Report Abuse
No need to teach so much.. They r stil naive m stuborn.. Let them fall into rosmah scam
those who think ringgit could further strengthen , is being far-fetched,The country is broke,or near there , now govt. trying to squeeze some money out from foreign labors, isn't this very clear sign of desperate situation.l .
The global markets faced much uncertainty in the year under review as major economies struggled to find their footing. The deepening financial crisis in Greece and poor performance in France and Italy stalled the expected Eurozone recovery, while China’s manufacturing slowdown pointed to slower growth pace worldwide. On top of this, sentiment was further dampened by the plunging crude oil price since December 2014. Malaysia, being an oil producing country, saw the Ringgit weaken considerably against major global currencies, exacerbated by domestic concerns. Amidst this backdrop, Chin Well persevered in carrying out our growth plans in order to sustain long-term growth. To this end, the Group noted two significant developments. Firstly, the Group successfully acquired the balance of 40% interest in Chin Well Fasteners (Vietnam) Co. Ltd (CW Vietnam) by purchasing the entire share capital of Asia Angel Holdings Limited (Asia Angel), which owns the 40% stake. This move enables the Group to fully-consolidate the earnings from the high-growth CW Vietnam, which serves the Do-It-Yourself (DIY) fastener segment. Secondly, the Group made a strategic decision to venture into the production of downstream wire products so as to expand its product range and target new local and foreign customers. We believe that these developments have not only benefitted the Group in the financial year under review, but have also set us on a positive path going forw
=========
people don't buy Chinwell for US$ ringgit play.... people buy CW for its good management and business plans.
Despite the Eurozone crisis, the region remained as the Group’s largest revenue contributor at RM279.9 million or 55.7% of total sales, as the lower demand in bulk fasteners was cushioned by increasing inroads into the DIY sector. The secondlargest market, Malaysia, raked in RM110.2 million or 21.9% to group revenue, while other countries contributed the remaining 22.4% or RM112.3 million. ======
Shaken, shaken & sure will continue to be shaken. Ringgit goes from strength to strength. No sign of easing. Export theme play is now effectively over.
Icon8888, long time no new write up? Weeks ago when I woke up the first thing I would do was visiting i3, and enjoying what you have penned. Look forward to reading your next articles. Regards,
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....
VenFx
14,784 posts
Posted by VenFx > 2016-01-30 14:19 | Report Abuse
Let the dust settle first, to get a clearer picture.