"Superlon may rise higher after posting a long white candle and leaving an upside gap. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.97 level, with an exit set below the MYR1.85 threshold. Towards the upside, the immediate resistance level is seen at the MYR2.50 level. This is followed by the MYR2.70 level." -RHB Retail Research, 22 June 2017
according to one of the research house report, in term of cost breakdown raw materials take up 70% with 30% from overheads, these raw material to a certain extent influenced by the crude oil price, when oil price is high, their gross profit margin is not so good, which mean when oil price is low, higher gross profit margin, wait for 1 or 2 more quarters if the bottom line continue to improve, then rocket liao kikiki
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2017-06-17 00:07 | Report Abuse
the only prob is low volume
hopefully wen Q4 is good, vol wil increase