dont nid scare if wanna hold long term. I hv been holding since 0.6x . Skpres always up down up down. From 0.8x drop to 0.6x .From 1.5 drop to 1.0x. This counter cant trade short term( my 2cents) My friend bought warrant last year n his money burnt to ashes at last
Skpres not affect by strengthening ringgit. They didnt appreciate from weaker ringgit last time. The problem now is increasing of raw material (oil price increase)
EPF doesn't need to announce as they ceased being a substantial shareholder some weeks back but they still have a lot to move prices. Lets assume they're trading under the radar. Monitor the market depth closely and a clearer picture comes into view.
KWAP remains substantial shareholder, but KWSP no more. 22 Nov 2017 SKP RESOURCES BHD Notice of Person Ceasing (Section 139 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD
already peaked...technology stock is same like other cyclical / other theme play sector....tech stock usually boom when global economy in top position where all corporate earnings are boom boost by low interest rate & propelled by consumer purchase power..those tech stock which produce services FAANG(Fb,Apple,Amazon,Netflix & Google) & others like Youtube were catalyst of tech stock boom & not to forget sudden spike of crypto currency like Btc,Eth,Jg etc were testimony of TECH BOOM....
You must forget how suddenly Tesla & SpaceX bcome a global brand,does Musk suddenly get billions of dollar financing for his crazy stuff(electric car charge from your house,autonomous rocket that can bring ppl around the world like aeroplane that can travel from US to SG in 2-4hours,bricks that can generate electricity )?...How suddenly Marvel can produce dozens of films & many new technology arising 2-3years backward...
all this exists from boom of something our old investor/traders have seen before as TECH BUBBLE...Brace yourself as tech were the last cycle of bull clock,next we will meet energy & utility cycle...if you have profit in SKPRES lock it like what I do... =)
they r oso contract manufacturer apart fr plastic part eg odm. if u r oredi in red, no point selling at great loss. It will rebound in less than 3 mths. but if that is ur only budget and need the $, then no choice.
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....
stumart
64 posts
Posted by stumart > 2018-01-15 11:00 | Report Abuse
im out.come back later