Nobody knows when it can be contained.
If worldwide travel ban or lockdown successful contains the virus, then low point may be reached or not too far away.
But if the pandemic become more serious lead to prolong recession, then it may fall further.

Having said that, it shouldn't be more than a year or a year plus, as vaccine may be available by that time.

At the moment, you don't think of a stock drop to all time low or not.
The lowest record keeps on being washed away next day.

The main criteria is the company can survive through this storm or not.
Look at company cashflow, whether it has ample cashflow ability to withstand at least 3 to 6 months with deteoriate economy condition.

Personally, don't think O&G is the first to recover, as O&G is facing output issue + economy recession.

I prefer consumer stocks, as it faced only 1 problem aka economy recession, as compared to O&G 2 problems as above.

With massive stimulus package across the globe on the pipeline, those money is targeted to be spent by consumer on consumerable items.

Likely more to drop, with current sentiment.

Adopt DCA and interval purchase should be the strategy.
Purchase in one shot or two is highly not recommended in current market, as we never know the bottom until it is too late.

If missing out the bottom due to DCA and interval purchase strategy, also never mind, as less profit is always better than loss.

This phenomena is everywhere now, not limited to mentioned stock.

But needs to take consider of payable and liabilities and those cash is needed to pay those. So need to count the net cash position, instead of pure bank balance.
Also, perpetual securities may also needs to be taken into consideration.

You need to take into account of it has Irredeemable Convertible Preference Shares int consideration.
And with financial market tumbling across, there is a risk of need of write off in term of fair value losses on its investment side in their future Q earning report.
Investment income may also suffer some dip.

PE or whatever data in the past is no longer suitable to be used when economy takes a big turn.

Having said that, it is really a solid stock, being following quite long since it was Rm7~8.

Always like that...

Up time, 2000 can be achieved or target for the year.
Down time 800 can be achieved.

It is just matter when only.

Data centre related stocks.

I guess 5G related may be next bull theme after situation normalises.

USD 2 trillion + unlimited QE money will be running around the financial market, looking something to buy.

How can the logic should be down?

For current moment, side effect is stock market up....

This QE trick has been there since 2008 crisis and it works for the last 10 years or so.

It depends Fed maneuver in between. Right amount right moment, then side effect is minimised, while stablise the financial market.

US market sentiment is quite bullish over the last few trading section, and pretty stable over the trading session.

Seems like DJ has found the bottom at 19K level.

The 2 trillion and unlimited QE have done its magic.

Nowadays, Asian bourses generally follows real time futures market, instead of DJ overnight up or down.

Already known by market that almost all companies' profitability will be affected across, except a few niche one and medical related companies.

As said, the most fear by stock market is unknown and unpredictable issues, not something already known or expected.

Already known or expected - mostly is price into the share price already.

How share price moving forwards is about how future unfolding in the next few months, not about something already happened or is happening right now.

It is not random.

Strong company with strong cashflow will survive through the storm, and able to recover.

Poor fundamental and poor cashflow company may fall during crisis and never recover.

That's why it is important to selective in stock investment.

Whenever there is a crisis, it is a process ditching the poor and remain the better one.

Want to make money in stock market, then need to select the better one. As even bought the better one at higher price, it is likelyhood it may recover one day when situation back to normal.

Stock market is forward looking mechanism.

It doesn't look what had happened or is happening.
It is looking 3 to 6 month ahead issue.

When data of pandemic show sign of relief, then a big selldown market previously is having a strong rebound.
But still need to beware those company that may not able to cope or may have trouble due to cashflow to sail through this storm.

While if pandemic issue become unexpected or worsen then the market may tumble back down.
So it is always looking forward mechanism.

The pandemic may cause lot of trouble to economy, but it won't last forever.
While currently, the 2 trillion USD and unlimited QE are doing its work in the market.

Please check your broker firm trading limit.

I knew some impose a default limit of max 500 lots per order for retailers. While some may differ.
or
price keyed in is out of trading limit.

There are many reasons why an order is rejected, typically to prevent fat finger mistake.

Currently, KLSE adopts 30% upper and lower limit based on opening price for the day. Those below RM1.00, 30 cents is the range.

Sgx adopts circuit breaker method based on 10% range, a 5 mins cooling off period is triggered if it hit the limit. Price may continue to up and down further afterwards, as compared KLSE no further up or down after hitting 30% for the day.

Using other platform, not facing the hassle of limit as mentioned.

Yes, for "free service", mostly broker only offer 15 min delay data, if want to have realtime, normally need to subscribe at a fee.
Data may be delay, but order is submitted in real time and being matched real time.
So, personally, for those foreign stocks, already have set a price willing to buy and key in to match or Q, Matches or not is realtime though.

Sometimes, look at other free official platform with delay 2-3 mins one, and then key in the order, depended on which bourses.

This post has been edited by cherroy: Apr 15 2020, 03:40 PM

The % is quite low if there is no extra-ordinary news or event occuring.

The Covid issue is more and less baked into the market already.

Market fear the most of uncertainty and unknown, typically early March, total in dark, how Covid issue would be unfolding, and unknown how various gov will react, and unknown how impact the economy.

Once the massive stimulus injected with more and less Covid issue being known, market rebound from the bottom, likely flattish for sometimes.

Once market has better clear picture, normally it calms down.


This post has been edited by cherroy: Apr 16 2020, 02:56 PM