Malaysia market no face to hide.Better Mabel be Finance Minister.Under LGE,stock market down(the worst in ASEAN),ringgit down(among the worst in ASEAN),economy(among the worst in ASEAN).Chinese support him many no face,no face.
I may say it may made a small profit for the 3rd quarter 0-5 million due to an even smaller impairment charge and above 10 million profit for last quarter.Its won't sell all the ship and made big impairment.If there continue to get projects before the 4 th quarter then(let say 200-300 millions then) next year(year 2020) first quarter will be starting from 15 millions and above.
this type of stock you just need to buy and hold it.. current TA no momentum as many dont see of its turnaround point compare to armada (eventhough armada gearing is far higher)
based on work order and company asset exercise (disposal and upgrade), Q1FY20 confirm will turn to profit while Q3 and Q4 will continue loss as informed
but with the increase in revenue for next 2 qtrs, it might surprise us with profit, we never know
its a very low risk to accumulate at this price but higher risk to buy later (when TA buy call).... imagine one good news out, for 9c stock, it so easy to up 30% in a day trade
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....
Mabel
24,281 posts
Posted by Mabel > 2019-10-06 21:42 | Report Abuse
As of today, my performing stocks in KLSE are
Technology (7 companies)
Plantation (4 companies)
Energy (9 companies)
Telco (3 companies).
REITs (Top 7 REITs)
Automobiles (2 companies)
My stocks in Nasdaq involves Technology company and giving margin averaging between 15% to 20%