QUOTE(tehoice @ Apr 16 2020, 02:00 PM)
hahaha my thought too.
let's do a simple analysis since we are on KLCI index now.
During the 3rd quarter last year, Sept 2019 results announced in Nov 2019
and the 4th quarter last year, Dec 2019 results announced in Feb 2020.
They still shown a kinda good results and a lot of window dressing especially 4th quarter announcements in Feb 2020.
Then after that, market plunged to its low in March 2020 and now mid April 2020 it has recovered a little (like a mini bull market, or a bull trap to me).
So the full effect of the covid19 crisis which happens beginning of this year up till now, or even into May/June/July for it to somewhat recover.
The poor results 1st quarter and 2nd quarter of this year hasn't been announced yet and we will only see the results being announced in May 2020 and August 2020.
My take is, we haven't seen the lowest until such announcements been announced.
Let's take a look at some of the companies, no operations during the MCO period and certainly will take a hit, but share price is still going up, so who is working hard on pushing on the prices?
QUOTE(tehoice @ Apr 16 2020, 02:01 PM)
And I'm hopeful that all the small newbie retailer won't be trapped by then
QUOTE(stormseeker92 @ Apr 16 2020, 02:05 PM)
I personally think it's a matter of market confidence from investors. Since malaysia is not hit hard, with our actually working healthcare, the only downside is companies are forced to halt operations, BUT some can be allowed to open as usual albeit upon approval from government. That makes it very unlikely that malaysia will go lower or even close to recession due to the proactive actions of government and their ruling allowing some non-essential businesses to operate.
Compared to western countries, where the impact is more severe (higher cases/higher deaths) plus pay gap between the rich and poor which is very wide compared to Malaysia. Probably investors are still confident in Malaysia's capabilities to recover faster compared to other countries.
Most of the stock market depends on uncertainty (Malaysia has less than other countries) and investor confidence (we handled this pandemic pretty swiftly and efficiently).
Anyone can correct me if I am wrong, but this is my 1 cent. (should be 2 cents but MYR getting weaker)
For me, as long as the market is operating. There will lose and gain counter.
Even it’s pandemic, counter related to ewallet, healthcare will earn a lot. As well as consumers counter like nestle and others. Their earning may be bad for this q, but it won’t be long. And their price should not be sky high for now.
REITs, should be dropping as no business. Bank also because loan is not making it.
However, all those counter seems like against the nature law. Lol.
One can earn in any condition as long as the market is running.
Like in SA, my energy seeing +20% but others who enter long ago isn’t gain the same as I.
Same in bursa. Just that bursa is weird but for now. They are gain by counter. Not sector.