$Lion-OCBC Sec HSTECH S$ (HST.SG)$ Below 50 is likely and te...
Below 50 is likely and test all time low as the situation in China is very bad. Most Chinese are tightening their belts because the huge drop in property prices. Mosr experienced 30% to 70% drop in property value and they cannot sell as they would need to top up cash. China cannot depend on internal consumption as people are unwilling to spend. Nevertheless, current prices are under value. The issue is we don't know how long it will remain under value.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
DividendKopi : yah. Strange right how the market can be. So many good stocks so low
sociable Dingo_8604 : Been reaching new 52 week all time lows after going below 0.6
makemoonies : if it goes to 50, can it also go to 40?
Just keep buying : of course not lowest/bottom yet as China economy is very bad now, they're tasting their own medicine, huge debt international property company goes bankruptcy one by one.
心急吃不了热豆腐 : Might stop to 0.5465 today..
Munge :
Munge : Seems like it is going to be a long way for its recovery