Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Perstima is a consumer of tin as an input for its products. In the face rising tin price now in the 25k USD, it's tough for the company to make money; the stock price is likely to keep sliding with no end in sight.
If one looks at the chart, the current price of around RM3.5 is the average floor price for the last 10 years. The stock is hanging precariously on this critical line; any breaches below this line will spell a very negative trajectory
Hopefully, the management will continue to pay out dividends from the pile of cash reserves despite poor financial performance; that might help shore up the current stock price
