cutloss, take profit from this stock....use that money invest in airasia 100% sure profit, now price 90cent, sure fly to rm2 at least if domestic travel allowed by gov. first come first serve, fast join when price less than rm1
If everyone cooperates, invest longer, price will be back to previous high in no time. Jgn ke sana ke sini... merata rata! Pandan muka kena MCO kat sini these few days! Hahahah!
Opec need to make announcement on 4th March 2021 Meeting whether to increase supply or remain the current policies. But Russia want to ramp up production due to shortage in their side also. But Saudi and a few Arab Nation still want to wait because they believe the current situation is temporary. So dont know what going to happen. US are in shortage at the moment and they unable to resume production very fast.
So if OPEC and Russia decided to increase their production (plus US resuming production post winter disruption), BRENT price may fall back to the previous level. And if that being the case, it may be risky for us to go in O&G counters.
Valgrovest, I wouldnt go as far as far previous level. Every airline and cruise ship stock has rebounded in these few days (eg. Airasia). US plan to have most vaccination done by July and so are the other countries including Malaysia. Globally, people are optimistic to travel again and there will be a huge oil demand by the end of the year (prompted no new virus). In my opinion is the EV market could be the biggest threat to the oil and gas industry. However Tesla, XPev, Nio stocks have drop significantly these few days (could be market correction). I agree that there is risk but the reward seems to outweigh it atm.
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....
Macgyver11
2,492 posts
Posted by Macgyver11 > 2021-02-23 13:39 | Report Abuse
I see there's some significant sign that qtr going to be Profitable.