u must hv bot in 2019, paid rm1 dividend... so, yr loss is not as bad as it looks.... still bad..!
that is true.
while a minority has handsome gains, the majority is suffering in silence... big or small caps.
take UMW... rm5 stock is now 2.45.... the lucky ones like me cashed out in early june at 3.0x when the tax waiver was announced.. lasted 2 days only.
developer shares are among the worst...mighty spsetia rm4 now is 77sen.
klci is up there solely due to a few counters, particularly topglove,harta... take these 2 away, it is a shit picture.
it did make the consensus TP of rm10+.
way overbought, it will retrace... at 8.50, i will buy.
well, that's assuming the gloves still in play, profits keep coming.
if not, there is nothing else that will keep it high.
one thing to watch closely is the banks... with this moratorium thingy, expected NPLs, their results will not be good at all.
question is if any will show real bad results, how it will infect the rest.
The bank one I have is Maybank, but it does not belong to me - it's my wife who puts in there for dividends. Small amount only.
I would say 95% of the current amount of shares are from mine. I did want to get some RCE Cap shares, but will hold on for the moment since financial sector shares are in shit position now.....