It wont have limit up. This business is also quite competitive. What will happen is probably profit taking. See how much selling there was at 1.15-1.16, I think it may drop back to 1.10 or lower before heading up again. Good news is the company is acquiring premises to increase its production footprint but results will only be seen after the factories are built and possibly show results in two or more quarters
agree with bowman. though lkl price is not rising crazily like other health sector but their balance sheet is very good and their business future is really promising. It is a company to invest now, you can play both short and long term for this company. Again trade based on your goal guys. Cheers
LKL broke resistance above 1.10, so can only go higher now, let see. yes it can be long term as remember, due to Covid, all governments now knows the importance of spending money on health & wellbeing of the rakyat.....which they will also demand for it. Good move by LKL in expanding. Any growing company is good to keep. And it may not be RM1 company any more after this year I think.
tiuhai i am not sure what you smoking man no chance to 2.0 tomorrow even if it limit up today as for share above rm1 max it can go a day is 30% up and down as per bursa regulation. hopefully can break 1.2 barrier today so that it can keep up its momentum.
i will not buy this stock at 1.5 lol and never will at any price because this company is just bad(cant even produce a decent profit margin in covid season)and way overpriced ( just read my previous comments why it's overpriced). It rises up today due to private placement. Those who say LKL balance sheet is strong need to read twice. The reason why they opt for private placement instead of borrowings because LKL is already in so much debt and lacks cash.
Did you know that private placement is often done when a company has bad fundamentals? LKL is one of them.
LKL will be in a bad position in less than 2 years time when vacinne is fully available across the globe and demand for gloves and healthcare equipment will fall like bricks. And that is also the time when LKL will have fully built their new production facilities. Do you think, at that time, LKL can fully utilize their production facilities at an optimal level without costing them a lot ?
Topglove, hartalega, kossan supermx have strong fundamentals to weather what i have said above in less than 2 years time.
Most of the people here are traders who look for quick profits. I am an investor. I invest for the mid-long term. I dont get excited by a 8-10% return in one day and shouting limit up in the comment section together with HOPE analysis.
It's weird when TG, kossan, supermx and harta are making real profits while LKL only makes small profit is following the rally. LKL is a real big bubble for sure with a PE of 92.
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....
Tiuhai
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Posted by Tiuhai > 2020-10-13 14:58 | Report Abuse
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