Market expectation is now so high now that the result must be justified with the movement of price, if the drop in revenue/result is operational matter, then people will quickly suspect more worse will come. No chance will be given.
If results keep going up like gadang & airasia, price will also keep going up.
Look at Lii Hen, surprisingly good result in 31/3/2016, price shoot up from RM2.50+ to RM3.40. When the result of 30/6/2016 not as good as expected, price drop back from RM3.40 to now RM3.00++
the raw fact is , iron/steel industry was destroy by Chinese massive over production ,and then dumping of steel in the world market . Recently this appeared to have receded. Look like iron and steel industry could have come alive again.
Hi moneysifu, i just saw the heavy selling at 0.695 will finnaly throw at lower price if not buyer at that stage. Stay sideline wait part 3 and buy at lower. Wait the dust cleared until t4. Hehe
zinc price in the world market has gone down in the past few days to 2314.50 and this figure is still dropping. steel companies may still.be in the doldrums. Investors may end up holding stocks with high NTA but stock price may not reach that amount.
Even the price of steel does not go up, it is nothing to do with CRC companies, the major positive events now are Anti-Dumping Duties for CRC products & freedom to import much cheaper but yet better quality HRC from oversea.
If have time, may be can look into Mycron's holding company, Melewar Industrial Group Bhd, not mean to recommend to buy, but just to know more on the background of Mycron.
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....
moneySIFU
5,862 posts
Posted by moneySIFU > 2016-09-07 23:43 | Report Abuse
Market expectation is now so high now that the result must be justified with the movement of price, if the drop in revenue/result is operational matter, then people will quickly suspect more worse will come. No chance will be given.