My View

JERASIA (8931) - Syndicate play or genuine?

Adam Khoo
Publish date: Fri, 21 Oct 2016, 09:57 AM
Sharing my view.

As you can see from the weekly chart, the share price has been pushed up before in Jun 2015.

On Oct 19, the price has been pushed from RM0.515 to RM0.675 in just one trading day.

But before Oct 19, there are many days with zero volume, what is this indicate?

Looking at the timing, the next quarterly result will be announced by somewhere around Nov 28.

Since the price has been pushed up by 33%, any entry by now involve very high risk.  

One have to do a serious math on risks vs rewards ratio.

JERASIA profit margin is only 1.5% vs PADINI 8.2 ~ 10.6% for past 2 financial years.

Notice the profit dropped from RM10,085,000 at March 2015 to RM2,694,000 at March 2016.

By looking at the revenue & profit, one can see PADINI is simply a different category of player.

Related Stocks
Market Buzz
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment