yep, i read yesterday that 6 per cent of SMEs in China are about to go bankrupt. 50 per cent are can last 2 months before going bankrupt.
Energy use in China normally by end of feb is between double and triple what it is during chinese new year.
but thus year it has flatlined.
Car sales in china down 92 per cent.
Companies in the US are withdrawing there guidance.
etc
etc.
China was already at 300% debt to GDP. Japan was at 250%
The qtr to the end of Dec saw the Japanese economy contract by 6%. before coronavirus was a thing.
the list goes on and on.
The market will drop significantly by end of 2020
no doubt, there will be some up ticks, but now is not the time to buy into companies with zero revenue IMO.
It is s good time to convert things into cash. IMO.
FBR Charts and Technical Analysis, page-259
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Last
4.9¢ |
Change
0.002(4.26%) |
Mkt cap ! $218.2M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.5¢ | 4.9¢ | $2.797M | 64.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2662853 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 149306 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FBR (ASX) Chart |