Before you invest blindly, please read the yearly annual report, learn about the company service and products. You'd find that most of the profit for muhibbah is from oil and gas construction, Cambodia airport concession and many more involving constructions.
During the highest unemployment period since more than a decade ago, do you think this is the period for more constructions?
how about airport? did you read the news that Cambodia sees 99% drop in foreign tourist?
How long do you think this damage will last? We never know, but statistically it shows that it usually take more than 2 years for the economy to recover.
So if you plan to invest, you'd better be prepared to hold for 2 years at least if it goes sideways, or drop more than 50% from current level.
Chances for this stock to go back to RM2 in short/mid term is almost impossible.
Be smart, mitigate the risk. I advise slowly buying it on the way down, not up.
@RainT - MUHIBAH owns around 58% of FAVCO. The current value is about RM300m. Also, PB ratio for MUHIBAH is around 0.4x. So maybe other part of it's business like the airport concessions need to be impaired
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....
RainT
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Posted by RainT > 2020-06-15 14:58 | Report Abuse
sudah naik banyak berbanding bulan March dulu lo