Market does not only move in 1 direction. Selling on news is normal and that does not determine its future price (in days to come). The RM1.16B project has definitely changed the fundamentals of the company which will be reflected sooner or later.
It's funny to see how financially uneducated some 'investors' are. They do not even understand how PE works.
I don't why everyone thinks that IT project profit margin is above 40 to 50% but the fact is it will way lower and with project this size there will be alot of delays and it will impact the bottom line.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JohnFarmer458
1,797 posts
Posted by JohnFarmer458 > 2021-02-01 23:10 | Report Abuse
Great sharing, Iris pre covid profit after tax in 2019 is already 40mil a year
if add together with NIIS definitely worth more than RM1