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poh Kong share price doesn't afraid of FMCO, but Federal reserve*s decisions on interest rate. Fed say will raise interest rate in coming years yesterday. so gold price drop 50usd.
now us economy too hot, need to cool down, so Fed want to raise interest rate, USD become stronger, ppl will hold more USD rather than gold. so gold price drop. and Poh Kong will follow with a drop even profit from sales.
not so soon increase la...as usual ppl panic sell or listen to one side news gold price down so sell la...for gold counters, most of retailers always compare with gold price not the company fundamental itself..
lol i probably sold it at 89sen to people like jimmy. 1.40? sure. but foolish to ignore that it will drop first. lol buy jewellery online...another one trying to defend when it cannot be defended. next QR report will tell...