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Really don't understand, everytime gold price increase will bring up tomei & pohkong. They just sell gold jewelry they don't produce gold. Gold price increase will lower thier revenue, nobody willing buy expensive jewelry!! . Even their boss also disposed share d. Good luck for those buy @ high price.
depends on how many gold they have in their stocks. simple as gold price up, company's NTA go up as well. Gold is one of most valuable asset. muack. Gold will never let you down.
If gold never let u down why don't u invest gold instead? Lol. Try look at 10years chart, after years of gold price increase (appreciation of NTA) did it boost up the share price? Gentle reminder, pandemic is in the critical stage, make a smart move. Muack
I did keep gold bars for many years. haha haha. I sold one last year end to buy two houses in KL. Muack. this is how I increase my NTA. Gold will never let you down. trust me.
@Louis
The increasement of gold price will increase the volume of amount of sales, thus, the revenue will be greater, secondly, the inventories of value will increases also meaning they will having extra profit. No matter how the gold price fluctuating, either up or down, there still a market and peoples still buying.
lol. can enlighten me how increase in price will increase volume of sales. gold price increase is pure valuation of inventory. ask urself. now gold price high, will u go jewelry shop to buy gold or not. simple. increase revenue and profit is not cuz of sales volume. pure re-valuation.
The investors buying Tomei n Poh kong due to gold inventory in the companies ,not simply goreng blindly ; u dont understand the logic dont mean the uptrend of last Aug n few days ago just simply goreng .... Klse doesnt have any gold mining company make investors have limited choice ... U cant compare with 4-5 years ago of Poh Kong n Tomei share price to determine current price is overvalued due to higher profit since 6-9 months ago ..
Inventory mostly hedged ;) nett gain is minor, just larger margin... Like petrol station make more money at higher feul price, bank earn more at higher interest rate
Why all puiih?? Be confident la.. Someone say this counter not simply goreng one. Last year Aug gold price increase, share limit up the next day drop like hell, even that also not simply goreng one.
@mahza
Advice you, Don't follow the usual patterns, US dollar decreased and gold's price up, it is not going that way d, gold price used to be opposite way with Oil price, but since Trump's presidency, these 2 commodities moving the same way, both up n down at the same time. Just sharing with you my 2 cents worth
that's a small war. i dont think it's bcoz of that. likely bcoz of decreasing u.s treasury yields. Hence investors jump on the gold bandwagon. Now u.s10y yield at support level. So expect yields to rebound as inflation looms.