Wow, profits have crashed. This is a big problem now. Luckily I got out two weeks ago at RM1.71. Good luck to those still holding. Remember, sell when fundamentals change. Have the fundamentals changed? You need to figure that out by yourself...
Niki....70-80% of the time, market TA is efficient and reflecting changes in FA in ADVANCED.
During end of June, I was also optimistic with HEVEA, bought since TA signal presented around RM 1.38-1.44....profit taken RM 1.60-1.72
Yes, TA alone can't give us a clue what will the FA be in 2-3 years later.
But if there's any bad development with its FA, big buyers, insiders, institutional investors will know better and earlier than us retailers, thus selling in advance and reflected in TA.
Personally I agree and buy into the FA discussion made by you guys here earlier as well...I did my own FA studies too.
But eventually when things are not happening in our favour and there are signs of alarm in TA, I just have to admit "defeat" and secure profits while still can
To me Hevea is too sensitive to FX rates. So I sold out as I felt the chances of Ringgit strengthening was great. I won't be surprised we see a drop to RM1.20 region by middle of next week, if not tomorrow itself.
Just wait until you see the jokers at HLIB downgrading their forecasts and TP.
"due mainly to the planned annual preventive maintenance at the particleboard sector, shortage of foreign workers faced by RTA sector and a lower USD exchange rate during the reporting quarter. " Management use the period of shortage rubber log to do the annual preventive maintenance. This Qtr result is break my glasses, but i believe it will change better on the coming Qtr.
choochen, read LiiHen report. It incorporates the latest USD MYR in their future outlook. It does NOT look good. Use some common sense. Ringgit is recovering to its fair value at RM3.80-RM4.00.
hevea pls wake up.. government giving incentive to company to upgrade to automation the labour issue will be never end... pls dont blame on labour issue again especially your next QR
din know a few tens of Bangla can make such a big different to hevea profit. guess they did not embrance automation fast enough, please burn ur equipment and clam insurance to upgrade
The board should be having some value added rather than seeing the labour issue continue worsen. Should do some restructuring, at management and board too!
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....
nich0las
2,787 posts
Posted by nich0las > 2017-11-21 17:02 | Report Abuse
godhand, genius. hehe..