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this analysis is valid only if the country is stable and well managed. If you factor in our GDP, jobless rate and the mismanagement of the country, this may go downward all the way..
i have been accumulating 5 years ago and on many occassions average down. But recently decided to cut loss. Sometimes it is not about the industry, but about the capability of the management. This episode is the last straw. So far there are retailers pushing the price, but when a company fundamentals is poor, it will remain at the same place.
well, i think one should be far sighted. This latest incident is the last straw that breaks the camel back. The fact is, this incident shows poor and substandard management, which long term share holders have observed for some time.
Even with prolonged lockdown, it's will be a half hearted lockdown. Even when the daily infection rate hit 10K, the government will not have the guts to call for lockdown similar to mco 1.0. We have seen the pattern and how they loosen the SOP despite daily increase of cases
