eastern & oriental berhad report is out. looks like recovery on the way. international borders reopening in Mar will boost the price?
extracted from eastern and oriental report: The hospitality segment recorded revenue of RM16.6 million for the financial period ended 31 December 2021 as compared to RM13.2 million. This marked an increase of RM3.4 million or 25.8%. The increase in revenue was mainly due to higher revenue generated as the interstate travel ban have been lifted for local tourists.
avillion report is out. showing same situation as e&o; showing recovery. let's wait for Shang's report which is estimated to be released by tomorrow :)
Hi Meo, to answer your question, ABRDN is adjusting their portfolio back in few months ago, they disposed some share from Shangri and buy Kossan stock. you can check Kossan announcement back in Jan-Feb. ABRDN will continue be the main share holder for Shangri as we can see it has stopped the disposal. Perhap ABRDN see greater return from Kossan stock which look like it is. Anyway, i will keep holding Shangri. When will the stock price go up? i dont know but the chance for this stock to continue move downward is limited.
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orang gila
22 posts
Posted by orang gila > 2021-02-24 07:55 | Report Abuse
look beyond 2021 and start positioning for an earnings recovery in 2022