Do not underestimate Covid-19 crisis. Aggregate expenditure hardly to improve with downturn of spending due to restricted movement. KNM's ethanol plant in Thailand are mainly produced for transportation fuel and for internal used. Recurring income definitely affected as Thailand total production>consumption, production wouldn't operate in full capacity in near term. A part of Asia segment, Europe segment will be smashed harder with Covid-19 outbreak and lock down.
Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , MARKET NEVER SLEEP MONEY NEVER SLEEP just BUY BOTTOM LOW PRICES WITH CASH COMPANY . This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheapers stocks market will GORENG lows price stock at BOTTOM.
MARKET NEVER SLEEP MONEY NEVER SLEEP just BUY BOTTOM LOW PRICES WITH CASH COMPANY . This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheapers stocks market will GORENG lows price stock at BOTTOM.
MARKET NEVER SLEEP MONEY NEVER SLEEP just BUY BOTTOM LOW PRICES WITH CASH COMPANY . This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheapers stocks market will GORENG lows price stock at BOTTOM.
- Largest plants will be affected in Germany (Borsig) due to corona virus - Second largest plants is affected in Italy due to corona virus - What we are hoping ethanol plant will produce more sanitizer in which ethanol will be in a high demand. Unfortunately, the ethanol price has slumped around from THB 19.50 to THB 15.54. While the raw material to produce ethanol is remain unchanged. - Oil and gas - Slow production due to corona virus. - Oil and gas sector - will be a negative impact due to low demand.
This time KNM will face a lot changes, no wonder General Lee also disposed off some tickets.
* US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic. * The White House projected that the US could see 100,000 to 240,000 deaths from COVID-19, the illness caused by the coronavirus. * The losses came on the heels of the worst-ever first quarter for the Dow Jones industrial average. * Read more on Business Insider.
US stocks fell Wednesday after President Donald Trump issued a dire new warning about pain ahead due to the coronavirus pandemic. Trump told Americans to brace for a "very, very painful two weeks" during a press briefing Tuesday evening, adding "this is going to be three weeks like we've never seen before." The White House is now projecting that the US could see between 100,000 and 240,000 deaths from the coronavirus pandemic, peaking over the next two weeks. Right now, the US has 189,000 confirmed cases of COVID-19, currently the largest outbreak in the world. As of April 1, 4,000 have died of coronavirus in the US.
Here's where major US indexes stood at the 4 p.m. ET market close on Wednesday: * S&P 500: 2,470.50, down 4.4% * Dow Jones industrial average: 20,943.51, down 4.4% (974 points) * Nasdaq composite: 7,360.58, down 4.4%
Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. The losses came after the Dow Jones industrial average posted its worst-ever quarterly performance on Tuesday, slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March.
Even dow jones drop another 1,000 points KNM will never back below 0.09,if this stock resist to go down further after dow jones heavy drop for 2 days,only way is moving higher.My 2 cents
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....
super_newbie
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Posted by super_newbie > 2020-03-31 22:02 | Report Abuse
Do not underestimate Covid-19 crisis. Aggregate expenditure hardly to improve with downturn of spending due to restricted movement. KNM's ethanol plant in Thailand are mainly produced for transportation fuel and for internal used. Recurring income definitely affected as Thailand total production>consumption, production wouldn't operate in full capacity in near term. A part of Asia segment, Europe segment will be smashed harder with Covid-19 outbreak and lock down.