newbie92.
gan is merely a shareholder.
how hard is it for you to differentiate between a "director" and a "shareholder"?

that Singapore fella Gan Thian Chin which selling like no tomorrow is NO director or play any part in the management team.
he is just a shareholder. the difference is that he is holding a huge percentage of company share.
other company that he held before including JKGLAND & TA.

he is known for disposing share like this pattern before.
For JKGLAND (known as KELADI Maju back then), he also keep disposing the share from 2013 up till 13 Feb 2014 when he ceased to be a substantial shareholder.

he just bought in CSCSTEL share since 2011, so might be time for him to off load at breakeven price. (SGD and MYR conversion rate is not that favourable)
those who have the opportunity to buy cheap should thank him.

another limit up for tomorrow would be RM1.40.
looking at their share being listed tomorrow and today strong closing limit up.

there are chances that they would continue push up tomorrow,
but might employ a slower pace, try not to draw too much attention.

Bursa is watching, when they crossing the line, UMA would be issued.

that's the show.

if you follow this counter closely, you will see the previous Q lower net profit is due to increase in "impairment for doubtful debts", which is a one off issue.
the revenue, however, increased.

so due to the lower Q net profit, price drop to as low as RM0.69.
this is where the ESOS kicks in.

There is a capital repayment of RM0,075 per share before 4 to 1 share consodilation.
That means each share holder get back RM0.075 per share in cash.

Giving a very fair PE of 8.
TP RM1.72

Will stay stagnant around RM1 level for today as limit up is RM1.08.
The show shall continue tomorrow.

With a EPS of RM0.054.
Annualized EPS of RM0.216.

Yielding a PE of a MERE 3.6 !!
Its like buying a gem with the price of a hotdog.

Even giving a fair PE of 8, it would worth RM1.73.

the EPS should be adjusted lower to factor in the bonus issue.
which means the fair price is even lower.

Should just assume the fair value of this company as RM0.786 based on a very simple estimation.

How to get such value?
This is based on the assumption that the profit is stable throughout the year and not further deteriorate.

Earning in Q1.
RM0.0131 x 4 = RM0.0524
Let's give it a 15 PE.
RM0.0524 x 15 = RM0.786.

Previously the fair value would be RM3.54 based on RM0.059 previous Q earnings and 15 PE.
We can see how bad the situation turned out to be in this quarter.

In view of the NTA of RM0.98.
In any case it should not trade above its NTA of RM0.98.
Good thing that its a cash rich company.