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at the moment Finance counter will be travelling a rough road ahead due to 1) Less earnings on interest, 2) More local personal and property loans to defaults as not many eligible for the 6mths deferment programs 3) besides Hin Leong, more international companies slowly submerged, Hin Leong is just the tip of an iceberg 4) if bank heding on the wrong sectors, they are in trouble on leveraging....
last qr drop 24% seeing the price drop from 4.00 to 3.10. when next 2 qr got opr cut, loan default plus 500m impairment. the qr result will easily drop 30% q to q. price 3.50 can easily hit below 3.00
start average down at a good dip price not at a high price since I saw people average down maybank from 11.00 until pokai liao. another story average genting from 9.00 until no more bullet