Yesterday, the Bursa market was in a sea of red, with more than 1,000 declining counters. Steel counters led the overall decline and this counter was not spared too. Let's see how this counter can perform under this depressed market condition.
Buy a share on their weakness, now commodities at high price, and yet the co still make make profit even tho is lesser , impossible when commodities back to the normal price and the profit is attractive only buy in , just like glove, everyone noe the asp is gonna up ,but we must think for future, do u think commodities will keep going up? I dont think so
Market is weak, but this counter has demonstrated resilience to buck the general trend, supported by 2 positive catalysts: impending transfer to main-board listing and a sudden drop of copper(raw material) prices, after Chinese crackdown on commodity prices in the past week.
Interesting to see how it fares in the coming weeks.
Managing director Tung Eng Hai (pic) also revealed that Southern Cable was in the process of expanding its production capacity to support its growth by building a new production facility adjacent to its existing facility in Kuala Ketil, Kedah.
KUALA LUMPUR: Cable and wire manufacturer Southern Cable Group Bhd has reaffirmed its aim for a transfer to the Main Market of Bursa Malaysia Securities Bhd by the fourth quarter of 2021.
In a statement, the company said it secured shareholders’ approval for the proposed amendments to the company’s constitution yesterday, paving the way for the transfer of its listing status subject to approvals from the Securities Commission and Bursa Securities.
Managing director Tung Eng Hai (pic) also revealed that Southern Cable was in the process of expanding its production capacity to support its growth by building a new production facility adjacent to its existing facility in Kuala Ketil, Kedah. — Bernama
I am still holding it. Waiting to average down my holding cost.
Market is bad currently due to a variety of negative factors such as political uncertainty, EMCO and higher Covid cases reported.
It is full of cheap bargains at Bursa these days. Be it steel, technology, glove, etc. Bargain hunters can take time to pick and choose what to buy for the next mkt upswing.
History has shown that any short-term major price correction is usually a good buying opportunity to sell on a rebound. Mkt usually rewards participants for bold (buy) actions taken during an abnormally depressed mkt condition.
To invest, we should monitor the daily trading vol, our political developments, on-going Covid cases and vaccination progress,
As long as it is a good company, stay invested and collect if its within your capacity. Else just leave it aside. Good company is value investing and you wont unlock your value so soon. It takes time.
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....
John1234
2,020 posts
Posted by John1234 > 2021-05-18 08:41 | Report Abuse
Yesterday, the Bursa market was in a sea of red, with more than 1,000 declining counters. Steel counters led the overall decline and this counter was not spared too. Let's see how this counter can perform under this depressed market condition.