Balvinder Singh's comment on DRBHCOM

Balvinder Singh's comment on DRBHCOM. All Comments

Balvinder Singh

6 Like · Reply

Proton month on month vehicle sales drop by 37.15%. Owing to chip shortage. The dip tracks 20% decline in TIV.

2nd quarter results will be bad with Full MCO and factories not operating.

ICU still almost full. FMCO might be extended as cases not falling as much as hoped.

3 years · translate ·

Light Shine

Your analysis is quite good but in share market you need to consider a few rules. 1.Buy on bad news. 2.what is support level? 3. What is the world talking about-recovery. If you don't think deeper, then u will end up saying market is irrational. But the last rule, nobody knows when the price will up or down. You can only predict.

2 Like · 3 years · translate

Muhammad Rahmat

Buy stock look at future and not current situation. With the vaccination rate accelerating, we will back to normal soon.

2 Like · 3 years · translate

Dave Dhillon

yes agree with u...

1 Like · 3 years · translate

Yanekee Yan

yup agreed too

1 Like · 3 years · translate

Balvinder Singh

Based on PM announcement yesterday, I feel FMCO will be extended another 2 weeks.

1) Number of ICU cases still going up. Will take a while to free up the beds.
2) It will be a challenge to achieve 10% fully vaccination by 28 June.

1 Like · 3 years · translate

Balvinder Singh

Now the price seems to have adjusted for the drop in May Sales and the FMCO. Monitor, might go down a bit more and if buyers start to go in, can buy. I have keyed in Buy order at 1.67 will monitor and adjust. If got selling pressure, change to lower price and buy if buyers come in, just buy at higher price.