Finally, Hong Leong Industries Bhd (HLI) has dropped below RM 10.00 a share, after being traded above RM 10.00 levels throughout the entire year 2018. As shown below, HLI’s current stock price is 26.8% below RM 12.22, its peak that was recorded on 25 May 2018.
Source: Google Finance
Often, I am more enthusiastic to know a price fall in a good stock as compared to a price hike. This is because it may potentially be a good opportunity to buy and accumulate shares of good companies at bargain prices.
Before doing so, it is wise to perform a due diligence to ensure the qualities of a stock in terms of its fundamentals have remained intact. Here, I would check its fundamentals and evaluate its investment potentials based on current stock price of RM 8.95 a share.
Here are 9 key things to know about HLI...