Hap Seng Consolidated Bhd
I was struggling with what to write for this week.
Chinese New Year is coming, so my first thought was a read on SSEC and CNY. Going through the charts, I noted that SSEC broke through its previous low and on its way to its next level that I have estimated earlier in So Biden and Xi finally met at San Francisco.... CNY also corrected as I have expected and further its decline after the correction.
I then considered JPY and Nikkei. But when I checked on these 2, Nikkei was only ecently updated. JPY on the other hand corrected after my entry Nikkei & JPY divergence, it nevertheless went on continuation after this correction and the original objective still valid.
How about KLSE and MYR? My readings on On the road to radicalization under the leadership of Anwar Ibrahim still valid.
So what should I do now? I ever contemplated of and entry with no update, or even skip blogging this week. Afterall, I need to prepare for Chinese New Year, which is only a week's away.
Then I remember Hap Seng Consolidated Bhd. It is a Malaysian company, what is so special about this Malaysian Entity?
This entity has a diverse range of businesses, including plantation, properties, credit finance, automotive, trading and building material. Business wise, I find this company interesting, its 5 types of businesses while loosely connected, are independent and diverse between necessity to luxury. It is quite robust as a business entity.
However, question still remains: why the interest?
Well, a friend asked me some time ago if his company's stock worth buying. I did a brief read then but did not take any action thereafter.
So probably this is a good time to give an official update.
Fig 1. Hap Seng Consolidated Bhd weekly chart
Labels: Hap Seng
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