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Yes... It definitely will increase their total accessories/ assets value, but will this really boost up their income during MCO period? Think logically, people are struggling for living cost nowadays and will many of them intend to buy gold accessories currently? Adding that their retail shops were closed during the MCO period also. This coming QR will be definitely BAD for sure.
last quarter gold price up from 1500+ to 1700+. Profit drop a lot due to MCO. May to Jul gold price 1700+ to 2000+ n Better business compare MCO. Just forecast earning year to year n price already double up. just wait n c next quarter report.
bro chan wake up la...i explained before right...company will only make money if they sell it to buyer not keep in inventory and siok sendiri...its like buying a house at rm700k and after few yrs value is rm 1mil, you havent sell it but you think you have rm1mil...this is siok sendiri. reality is ppl cant afford or buy rm1mil better find new ones cheaper or wait for auction or wait for ppl sell below market...
Want goreng gold better play gold etf or gold futures la,this kind of pohkong is only retailer,they make profit only they sell it but not keeping in store.you want goreng go buy gold call futures better,high profit also