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Eric Chit

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Joined Sep 2019

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Mid term wait for next qr
1 week · translate
Qr sudah keluar! Cantik Nye...
2 weeks · translate
Technical Outlook

Technically, share price has staged a gradual recovery, bottoming out since mid March 2020. After the recent two-day pullback, price has formed a hammer candle to rebound off the daily EMA20 level. For now, we monitor for a potential flag formation breakout above RM1.53 for price to attempting to re-test the RM1.64- RM1.70 targets with long term target at RM1.82.
2 weeks · translate
Recovering demand for paper packaging

Demand for corrugated packaging has been on the rise for packaging of essential products such as groceries, food & beverage, healthcare products and e-commerce transportation. We like Muda Holdings as one of the largest integrated paper mill and corrugated packaging manufacturers in Malaysia.

At RM1.53, Muda Holdings trades at PE of 11.4x which is below its historical one standard deviation average of 15.7x; implying potential upside in our view. 
2 weeks · translate
1.51, haha...
2 weeks · translate
Waiting for qr
2 weeks · translate
Tomorrow fly or not to fly?
1 month · translate
Additional information on recently announced appointment as the authorised general distributor of Sansure Biotech Inc. to promote and publicize the Covid-19 Nucleic Acid detection kits and instruments in Malaysia
1 month · translate
Most of investors still panic sell
1 month · translate
The above Story is very interesting & MEMORABLE WITH MANY INTERESTING COMMENTS BY MANY
 
THE PURPOSE OF BUYING NYLEX THEN WAS THE CRASH OF OIL PRICES THAT BOOSTED ITS PROFITS
THIS ROUND OIL HAS CRASHED AGAIN
BUT ANOTHER POWERFUL BOOSTER IS FROM ITS 5 MILLION LITRES OF 99.5% PURE ETHANOL = SO PRECIOUS AND VALUABLE AS SANITIZER TO FIGHT AGAINST COVID 19
SO NOW WE HAVE DOUBLE BOOSTER FOR NYLEX LIKE NEVER BEFORE!!
 
Nylex is now 79 sen
Target price is Rm1.50 to Rm1.80
Very possible
1 month · translate
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