"Saudi Arabia and Iran are less likely to cooperate with the other to support prices. Consequently, oil prices may plummet even lower," said Giorgio Cafiero, CEO of Gulf State Analytics, a geopolitical risk consultancy"
Why expensive? In which aspect? :) Business is growing, cash flow is solid, heathy balance sheet + beneficiary of usd Not expensive if we look at pe and enterprise value :) Based on my greenhorn calculation, it is worth at least rm3. Of course provided they are able to deliver improving quarter results consistently
But its interesting to note that...the USD strengthening against major currencies would have a reciprocal effect on RM-USD...both indirectly (Fuel contribution to Malaysia GDP) and directly as per above.
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....
tksw
12,841 posts
Posted by tksw > 2016-01-04 17:33 | Report Abuse
Lamborghini sifu, today I sold some FLB, buy back a little oso. tomolo continue buy back if big drop.