To me, the trend is still not known. This M3 is a cornered share, it can go up if someone jsut want to goreng, even if pending result is bad. Being a small mkt cap stock -- less than 40mil, ones doesn't need much cash to create havoc in the stock price anyway. Don't be surprised if the Q result is disappointing. I think the company's marketing team / strategy could be lousy.
M3's problem lies with the products & marketing strategy. Other than the much talked about i3 suite, it also has quite some other products. Unfortunately, non of the products are known to many. Either the boss is old fashioned / unable to keep pace with the market trend, or he simply doens't know how to develop a marketable product in the market. He opened the M3 shoppe, sell GPS, even has a product for the remisiers / broker houses, but all products have failed. Mati kudasai!. I hope it would not become another counter falls under GN3. The possibly turnaround the company is to pressure the big boss to quit as MD. An uninspired MD without vision for the company. If you are a shareholder, attend the meeting & vote NO to him. It doesn't matter wehther you have enqough votes to kick him out, but at least to shame him.
If Q4 loss 8m, that's is very2 bad...It has never been that bad before. Someone could probably lodge a complaint to SC or Bursa maybe, for wrong publicity in the media recently. The GM has been giving talks and interviews (which sometimes I think the company could have paid for the slots), talking how good their products are & how rosy the expectations are going to be.
No wonder how the GM gave talks or interviews the price still break new low. They only want to distribute the shares because of realising the QR is very bad..
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....
jincheah
540 posts
Posted by jincheah > 2018-08-16 12:02 | Report Abuse
ESP wan come out liao ~~~~