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A bit too late to enter now. Next target is RM0.71.
If you can buy and hold, there is a long term potential for RM1.00 ++ even up to RM1.50. But in 3 to 5 years' time.
I bought at RM0.56
Yes. My estimate is that still has some ways to go. RM 1.20. But it will take time. Food counters are good for long term and defensive. Afer all food will never go out of style.
My principle.
Establish my target price. Establish my target SELL price.
SELL at my target SELL price or when fundaments change, whichever comes first.
No. Buy in cost. After I bought in, no more chance to average down. Sold all at 43.5 because 1) my target was a 60% upside but I cashed out because I feel that it has peaked for the moment. Better to cash out and put the $$ to another counter because the fundamentals does not look promising anymore.
Steel is s tough, competitive business requiring heavy capex. I was lucky. I got in at 0.28. Just cashed out at 0.435. My target was 0.45. Oh well. I am happy.
