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.
Ling, average down further? You plot the graph the counter is declining. now with economy back at full strength the number of road accidents going to increase and this will eat away at their profitability. Think about it carefully
After the epidemic, the reasons given by management were market development and the economy returning to normal operations, which affected profits. However, before the epidemic, the market had always been open and operating normally, but it did not affect profits. Don't understand why?
My guess is before pandemic, there are many businesses and hence more insurance taken up. After pandemic, many small & medium companies closed down and affect profitability. Now economy still on recovery and development stage and yet to become like pre-pandemic, therefore the profitability still lower than before. Anyway, this counter is for those can hold very long term like 10 years or more. Want fast money go other places...
at first thought wanna keep for 1 or 2 mth until Dividend announced then only realized div only happen in Feb so sell at 12.06. as usual, the price fly after sold. good luck to all those still holding and i hope it will fly back to previous peak price.
Ling, got chance de... A good stock will always back to its original value.. Need time (probably 3 more good QR result) .. On the mean time, earn some dividend first..
