All eyes on ECRL. By now, all negative factors had been factored in... Once ECRL (esp with increased % for local participation) is revived, that will be a major catalyst.
NGWAIKUAN So how, I need to cut loss or continue to hold? Pls advice
Ans:AZRB is a fundamental stock meant for mid and long term investment.It is doing well with its core business.If your holding power is weak ,sell off, it will not perform when the overall market sentiment is bad as now.
I said again, AZRB's coming EPS is to show much improvement. The last few quarters were very much impacted by weakening of Indonesian Rupiah vs USD. The forex loss has been very large, but this situation was ended since Oct-Dec'18 quarter. Without the negative impact from huge forex loss, AZRB's normalised (and much higher) earnings will boost its stock price.
first let's see whether azrb can hold steadily at 375 cause many times it touch and came down. No power to hold if this time around it can hold maybe it's a good news. Let's see
hopefully strengthening of rupiah vs usd, cpo price improve, resumption of ECRL if happens will boon well for azrb. later boss jump ship to bersatu. lagi dahysat.
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....
suresh16
118 posts
Posted by suresh16 > 2019-01-30 20:22 | Report Abuse
ummpph