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hello bai.. trump's tariffs is on semiconductor chips laa.. China market is huge. Their demand is high. Sensex index jumped today. while HKEX dives.
China produces their own chips. They have their own AI. They have High speed rail as long as 13,000km while US has rail accident more than 10 times in 6 months.
Trump didnt finish school, kay! And he is not as bright as he thinks he is.
k y Wan.. I dont understand what you are saying
Peng.. Thats not how it works.. You always loose money when you spend your money on infrastructure.. BUT look at the macro aspect of economy. China made travel faster. New towns, factories and a whole lot more were built. Big cities can get their labour / manpower easily. China debt to GDP ratio is 75%, that we know. We also know they have huge reserves. Everybody goes to China to make and sell things e.g. Tesla, BMW, VW, Iphone and etc.
Dont believe what Western media tells you. USAID paid majority of international reporting agency to launch smear campaign on China.
The Russians learn to speak Mandarin, 'kay? What does that tells you?
Remmy, that probably true. But this is more likely that someone or broker who manipulate this stocks is building up his/her inventory.
K y Wan, when we sell our products to other countries, we have this what we call LC (Letter of Credit) or BG (Bank Guarantee). Customer will apply for LC to any commercial bank. Bank will release payment to us once we provide bill of Laden (Shipping Agent / Air Freight will provide this) to show our product or new equipment are ready to Ship Out.
There are cases where our local companies don't do this. That's because their customer is a huge customer. But they can use LC whenever they want. And their customer doesnt want any disturbance in their supply chain. They can understand this.
It raises my eyebrows though, in SFP Tech quarterly & annually financial report fail to mention how long they take to pay and collect their debts as required by MFRS Para A7 requirements.
Recently, Hong Lai Guan & Ooi Chong Soon disposed huge number of shares during closing period. These two guys are friends. They know each other well. Worked in the same company prior SFPTECH. Hong Lai Guan is the guy who concerns me. He has some experience or did share buyout and became a major shareholder in one of his previous employment.