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It will continue to drop until both ringgit stabilises and palm oil price subsides to a more stable level. Both ringgit and palm oil fluctuating like mad makes it hard for a dairy company to hedge long term. This also means their next qr will be down in terms of profit but revenue maintain slow and steady as dairy is considered recession staple. Consider this for long term 10 year dividend position. If u want for short term then I suggest another counter
exactly.
this is company serves well for strategic investing whereby investors who seek stability and sustainability should start accumulating the shares.
the free float is merely 10% and probably less.
the classic long term definition.
it's not for those seek to receive high returns in short time lo.
but trading you can make profits as long as price fluctuates.
