lot oil related alam, velesto, hibics, dayang are crazy up more than 10% since oil price was keep rebounding 10% this few days!! When whole world reopen economic activities, i believe oil price should back to 40 even 50 usd steadily!! No more 10++ usd anymore!!
Monday drop buy more, pack by pack since now is the bottom and recovering stage and getting more shale companies shut down and more countries join to cut production!! Never has current price in next month when getting more countries re-open!!
Can sifu out there enlighten a bit..why Hexza 1yr only produce 9m litres Ethanol can go limit up yesterday while Knm 1 yr currently produced 73m litres Ethanol yet the share price like dead???
Knm didnt take this oppurtunity to promote their ethanol factory at thailand to the media.many investors consider knm as oil & gas stock follow bursa category.
apparently based on past one month trend, KNM follow oil price.
when the oil price crash, it drop from 0.18 to 0.125 (-44%) last month.
when oil price rebound, it rebound from 0.125 to 0.145 (+16%) this month, shall the oil price sustain or gradually increase, it shall goes back to 0.18 level.
Oil rebounded strongly but KNM remains limp....the ethanol and borsig stories are stale now....no new projects announcements...this stock simply lacking stimulus now.
Oil prices continued to rise in the morning of Asian trading hours on Wednesday after surging on Tuesday as they got a boost from optimism around ongoing production cuts and a recovery in demand as economies reopen.
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....
chimchim
196 posts
Posted by chimchim > 2020-04-30 13:08 | Report Abuse
Qtr report haven't come out already talk about Rm3 meh? The report sure hammered this counter back to sub 0.1