The gold market is "very strong and could hit $3,500 in two years," according to Barry Dawes of Martin Place Securities.
Garth Bregman of BNP Paribas Wealth Management said he doesn't see "any catalyst" for gold to stop its rise in the short term, though there could be some consolidation around $2,000.
Long-term low interest rates and a tight gold market are factors that could continue to drive the rally in the precious metal.
Even gold price gone up to USD2100-2200 in next 6-9 months, Poh Kong n Tomei should worth RM1.25 n RM1.35 n above even though many investors realised they will sell their gold inventory n investment grade gold bars slower than USD1800-1960 period ... MCO period having small losses is normal, only immature investor will look at the small losses of Poh Kong of last quarter... Property counters have been facing gluts n many property companies have been delivering below average results in last 2 years plus property prices still at expensive level or near its peak prices ... Some property counters attractive at this price level but many investors feel worried about the sales of properties in this year n next year...
Will it translate to more jewellery sales? Why PohKong sales last QR down?
Kevin Tam Even gold price gone up to USD2100-2200 in next 6-9 months, Poh Kong n Tomei should worth RM1.25 n RM1.35 n above even though many investors realised they will sell their gold inventory n investment grade gold bars slower than USD1800-1960 period ... MCO period having small losses is normal, only immature investor will look at the small losses of Poh Kong of last quarter... Property counters have been facing gluts n many property companies have been delivering below average results in last 2 years plus property prices still at expensive level or near its peak prices ... Some property counters attractive at this price level but many investors feel worried about the sales of properties in this year n next year... 23/08/2020 11:55 AM
BUSINESS22 Aug 2020 Not the time to buy jewellery as prices will likely come down UNLIKE what many may perceive, a rise in gold price is actually a reflection of the poor state of affairs in the underlying economy.
Poh Kong will not bankrupt but sales will be slow while gold prices at above USD1940-1960 ; if they start to sell Swiss gold bars as habib n Tomei then can have another source of income ...
Tomorrow us federal reserve will do his speech. Hopefully have good news for gold
Powell’s speech on Thursday will likely be the next major dollar driver, with investors watching to see if he signals that the U.S. central bank will shift its inflation target to an average. This would allow inflation to rise higher than previously before the Fed raises rates, making up for decades of benign price increases.
“I think we could get some pullback in foreign currencies and dollar strength if Powell doesn’t really, really strongly come out and say we’re doing inflation average targeting,” Nelson said.
Poh kong won't bankrupt easily coz most of us do not how poh kong actually works, even all the outlet closed also won't bankrupt coz they have their own production factory, they still can sell their products to local or oversea gold retailers.
Only see one quarter result to decide your short term or medium term investment? Then why so many retail investors chasing glove counters even glove counters have gone up more than 300%-800% while quarterly profit can’t catch up with the fierce jump of share prices.....
Shawalrich87, 32-33 years old person teaching ppl how to invest n how to use fundamental analysis to invest ? What counters are U investing in within these 6-8 months??
How many years as equity analyst n which research house ? U making losses in Poh Kong, most probably your average cost per share is at high side n don’t criticise AmBank research to give neutral stand for glove counters, many savvy investors started to feel top 4 glove counters n careplus n comfort already too expensive n those research houses like Affin Hwang , Kenanga, Cimb then latest Citi research giving extra high target prices to the top 4 may mean the investment banks have purpose to push up the top 4 glove counters, some of them also encouraging retail investors to play their call warrants which are high risk especially when the top 4 dropping back to middle June price level then many retail investors got burned by call warrants...
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....
property
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Posted by property > 2020-08-23 08:17 | Report Abuse
Property also high price like Gold USD 1940+ why property counters not RM 1.01 like PohKong or Tomei RM 1.17?