In respect of the significant increase in other income in current financial quarter by 407%, it was mainly due to the fair value adjustment on the investment held by the Group. The market value of quoted shares held by the investment holding division closed high as at 30 June 2020 as compared to immediate preceding quarter 31 March 2020, thus it resulted in fair value gain on investment held in current financial quarter ended 30 June 2020.
The Group recorded profit after tax of RM2 million and RM3.6 million in current financial quarter and period respectively as compared to loss after tax of RM3.8 million and RM9.3 million in previous corresponding financial quarter and period. The improved performance for the current financial period mainly contributed from the improved revenue as well as benefitted from uptrend of commodities and precious metals price which improved margins was reported in the financial period ended 30 June 2020.
Wow.. Quarterly Report showing strong earnings. Fund managers definitely must be impressed and will surely pick on this company now. Need to be quick before they do!
Texcycle is trading at 44sen with PER of 22x, NTA 41.5sen. JAG has been under the radar for too long, New NTA is 34.5sen, avg EPS of 10.5sen. If we apply the same PER then JAG should be fairly priced at RM2.31?? This is scandalous!!! Even the candlestick implies that this share is oversold!! Walaoweiii!!! This is Limit Up material maaaaaaah
GemenchehLawyer if you use the same PER for Texcycle which is 22x, then you multiply JAG average EPS for these two quarters which is 10.5sen as that seems to be the closest estimate to anything resembling EPS.
This co better go to sell karung guni, dont sell share. Lousy operator. Tex cycle which is double the price of Jag, today at top volume position 303, whereas Jag is 514. Very much lagging behind.
faced with 2 possibilities with this counter. either explosive if it flies or permanent coma. but it seems the latter is more likely because they don't even bother to announce their q2 result eventhough it turned out good.
copper price now is the same level as 2018 which is quite a good sign. If you have the power to hold, this counter would be quite a stock to invest. This is just my opinion. I might be wrong, time will only tell
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....
zes5zz
1 posts
Posted by zes5zz > 2020-08-24 15:51 | Report Abuse
Q report??BUY??i want to add some more of this ah.....