Maybe the price drop factored in the less than expected QR, but i still thinks long term wise this is a good stock to keep...the QR is not too bad actually, with increase in revenue...can only expect better QRs in future...holding
The declined in profit was attributed to a substantial amount of sales recorded by STB at a very comptetitive margin . The deterioration of the profit was also due to the increase in the labour cost and lower foreign exchange income due to unfavourable foreign exchange rate.
Gap down la overpriced. Always got excuse to record tis kind of profit. Now pandemic almost in the midle, stil canot show excelent result. Who stil hold is realy waterfish
Compared to many other counters reported more than 50% reduction income or making a huge losses, you should hold this counter and wish they are doing better business in the next quarter :>
I hope they can improve their finance portion.. let the exchange rate moving flexible rather than park the fix rate .... Now look like USD weak than RM..
MK1234.. your comments are reasonable. Any new products need some time to get the new business... good progress on the sales turn over and take note that they are not selling something related to Covid 19 products Their present customers in Europe and US are also reasonably established.
next qte can only be better...revenue are getting better and profit will come...in addition they got new FDA approved in July so that should contribute for next quarter results...
Volatility of stock is normal and sometimes it goes down... no worries as long as the company with good fundamentals and debt free. When they improved their results by next few QR, it will reflect in their stock prices :>
tiknuhc.. this company is dealing with all types of cables ... not related to Covid or vaccines.. go to the company website and pick up the information. Nursing related cables should be the key products to bring them higher profit. July 20 got approval for their new products from FDA... to help patients with cardiovascular disease.. do your homework before investing more ya :>>
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....
bigearl
150 posts
Posted by bigearl > 2020-11-25 10:38 | Report Abuse
Not sure. I heard is something to do with Forex. Not sure what it is either.