Haha that's the only concern of buying into this share, that's why I stay away a while until audit report is out in view that they changed auditors due to Auditor is suspended by Bursa. Nevertheless I am just being cautious, this Company XDL has been in Bursa for many years without issues.
The only big problem is their peers in the same Jinjiang Fujian province went for sudden bankruptcy in the past few years, big names went burst are XingQuan, Maxwell, and Msports, all are doing the same business. Based on my search, there are 5000 to 6000 apparel makers in the JinJiang province thou, so 3 bankruptcy seems not so serious.
Again no risk no big gain, it is really up to investor risk appetite. At the moment, I go for Lambo first because i prefer something i saw in Malaysia, ie the Lambo delivery drivers hahahaha
Buddies, if BURSA found out fake audit report, this is illegal crime case and not simply just terminate the auditors and recruit new auditors and close the case without any declaration. If fake or misconduct did happen, there will be announcement and penalty by BURSA. We can not just guess the reason behind without evidence or solid proof. My opinion is people lack of confidence against company from China, but still willing to buy in 0.055, sell at 0.060 in big volume and gain 9.01% of profits with just a click and blow some rumours to make you worry and sell cheap at 0.055.
You may check how many Q to buy at 0.055, are they possible want to win fast money and sold out 0.06, then will wait for another round of collection.
Dear, 0.005 profit already 9.09% profits, that's why you need to hold tight and do not easily believe here or there...why lots of lorries is waiting to sapu 0.055? If you don't sell, they won't get it and surely will push up the price...
XDL no need to venture into PPE business, no need to waste money to setup new production, no need to waste lots of effort if XDL really just a blank company and just need to hire some new auditors to beautify it's fundamental report.
All investment got risks, is up to you to decide, cheers!
Sifu Rocket has spoken. Though the news is not new. Many fake financial report out there in bursa history. If this XDL has genuine business, then surely investors have confidence to sail through this storm. I choose to believe and hope no end up Holland ship together
Paling takut news keluar, tak keluar news blh naik lagi... News ini sudah cakap lama pun tak naik tapi turun lagi. Xdl keluar news Nak orang beli saham dia nanti turun lagi...
Well said Rocket. Nak cabut then cabut la. Nak stay then stay. Kalau go to Holland then go Holland la. We are ready to take risk. No need to be reminded for China konman again. We shall not blame Bursa or any PM or government. Trade at our own risk. Habis cerita
America perlukan byk lagi PPE sebab 2nd wave covid sudah jadi, akan beli dgn China sebab harga berpatutan......China sendiri kena 2nd wave covid, pasaran di China bukan main main lor.....belum jln production, order sudah masuk penuh.....Sesiapa yang takut boleh cabut cepat cepat, esok 0.06 sempat cabut lagi....jgn simpan ticket ini jika takut jatuh sampai 0.02 nanti sebab tak percaya XDL....konek punya....
This stock has nothing to do with fundamentals but operator has been selling down while supporting to get a better price. However the lowest support is at 0.055 This stock can go either way but looks like it won’t go bust. Upside potential is good but don’t know why operator is holding on for so long
Most retail traders do not have big volume here, they planted in small volumes here also at many other counters. But few other may have quit high volumes, jump in solely based on high quality fundemental, then the painful part is price stagnation over long period, up to 6 months!. Gloves maker counter should winning the Oscars award performance of the year.
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....
Newbn00b
315 posts
Posted by Newbn00b > 2020-06-15 11:19 | Report Abuse
Why Malaysia PM has to do with XDL share price?