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The Red Sea crisis has caused freight rates to skyrocket. Who are the winners and losers among Asia Enterprises?
The Red Sea crisis has caused a sharp rise in logistics costs in Asia, boosting the performance of shipping companies, while companies dependent on exports have faced higher logistics costs.
UMC: Quarterly rpt on consolidated results for the financial period ended 31/07/2024
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Foreign Investors Offloaded Nearly RM770m in Net Equities Last Week — MIDF
Malaysia's Care Economy To Hit USD25.5 Billion, Says Deputy Economy Minister
Hartalega's 1Q Profit Expected To Be Significant
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JjTern : My take on it is that the stock is not traded as much as other stock is, lacks volume and interest.
Even if the financial report is good, there are tons of stock listed in bursa that are getting more attention than this stock.
So if you believe in this stock, you will hold on to it.
Don't let the long wait be a factor for you to determine to hold or sell. Not all stock are like Apple that is actively traded every second the price is changing. Every stock have it's own risk and characteristics, high PE stocks are expensive to get in and the spread are not so volatile, on the other hand low PE stock are cheap to buy, and the spread can be very volatile (the company might collapse or the company might be the next Apple).
Not every stock once listed will perform up up and away, share holders sentiment and trust might fade also.
So, if you bought the stock back then, I'm sure you have your reasons for buying it. Ask yourself if you still believe in it.
JustDoIt OP JjTern : Super well-said and can’t agree anymore. Your explanation is simply excellent.
I plan to hold for longer period, I buy this stock more on invest instead of trading. What make me not so happy is that it shows downtrend for quite awhile, however, like what you said, I still some faiths on it, so will continue to hold and see how it goes.