QUOTE(B@rt @ Sep 9 2020, 01:03 PM)
Maybe if TG gives a SUPER nice dividend can bounce back? Anyway I think TG is not doing enough PR to save its share price. If they want to turn it around they have to engage a PR agency to feed the press with their good news everyday in order to change local retailers sentiment. At the moment the local retailers like myself are leaving the stock market due to the following reasons:
- moratorium money leaving the market
- foreign funds leaving since 2-3 months ago
- poor market sentiment due to worsening economy and unemployment rise
- blue chip stocks like bank stocks impacted due to expected credit loss after moratorium, OPR cuts
- vaccine news : when got good vaccine news gloves go down and drag the market down. bad vaccine news market go down because of fears and this drags down gloves.
- US tech stocks go down causing Asian stocks to follow.
- unstable government and questionable acts, eg 1MDB case settlement, LGE issue
- local Covid-19 cases rising
Any other reasons I missed?
Maybe you're right. What I'm saying is - announcing profit increase won't move the needle. - moratorium money leaving the market
- foreign funds leaving since 2-3 months ago
- poor market sentiment due to worsening economy and unemployment rise
- blue chip stocks like bank stocks impacted due to expected credit loss after moratorium, OPR cuts
- vaccine news : when got good vaccine news gloves go down and drag the market down. bad vaccine news market go down because of fears and this drags down gloves.
- US tech stocks go down causing Asian stocks to follow.
- unstable government and questionable acts, eg 1MDB case settlement, LGE issue
- local Covid-19 cases rising
Any other reasons I missed?
I agree with you, retailers are going out. Need more catalyst in the short-medium term.
Sep 9 2020, 02:06 PM

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