Last qtr 6m earnings half coming from non operating income
for operating income cable average contribute around 1-1.5m quarterly, and then jelly biz is receiving increment order for the last 2 qtrs. if sustain can cntribute 1-1.5m too.
if you want to be good in investing, must able to analyze. it would not 100% correct but it gives you idea to trade
"The decrerase of revenue in current quarter were mainly due to decrease in the supply of fiber optic cables, trading of industrial materials and engineering services work"
From the AR, fiber optic cables biz no longer their priority because of high cost. Opcom is currently betting heavy in thixotropic compounds business and it is growing robustly. Conclusion, if you buy Opcom, you're indirectly buying Unigel company.
Revenue shrink, no new contract , recent job 11m for whole year also gobean melalak , no immediate prospect , gel business very small sales , better get out fast and back in when awarded big contract. Game over. Thriven very good result. No wonder Bod n owner cash out . Systech qter result is good , Not too late to take position kikiki
After PH Govt Election Victory price surged due to Datuk Mukhriz being Tun Dr M son.
But from this QTR it shows that price has run ahead of its fundamental.
That was why Insiders and Director Choah Kwang Hwa has sold at 90.5 sen
From here we know that Insiders action do tell us ahead of time whether a stock is overvalued or undervalue.
So the barometer of following Directors buy when they see potential ahead or sell because they think price is already overvalued is quite correct.
Now will Opcom still do well?
Yes. For these reasons:
1. Tun Dr M still favors IT and Internet of all things. So fiber optic sales will only increase
2. Sabah and Sarawak still got vast lands unreached by HSBB. And the market is huge
3. The Digital Economy is still growing. So Opcom sale of Fiber Optics remain bullish.
Although price has run ahead....sales will play catchup.
And apart from Opcom i think ECS ICT should also do well.
If future commerce will move to ecommerce, books will move to ebooks, slow mail will be emails, even lelong has moved to e-lelongs. Many traditional auctioners are going to lose their jobs as auctions go on line.
In this scenario stocks like Parkson will face sunset just as Toy R S has gone bankrupt.
Ya la Calvin. I know la you bot very low, becos I'm here and the one bot it in Jan sold after the election. But I must admit that bot this kind of counter need little bit patient and luck. If not Ph won till now the price shouldn't hv reached current price.
Now I support your Binapuri for long long term see can hit jackpot or not. May be you give up on this tortoise redy, no?
Panda, traders must love counter like Pesona. You shouldn't miss current price at multi years low. Goreng king counter mid and short term. FA will be better and better when start to fry...Haha.
Evergreen I still wait at below 0.52 to buy back. After dropped back to 0.55 as per my calculation, eventually will drop back to 0.52 before go higher. I'm not black heart but this is TA and experience.
@moneykj, cross sharing would benefits us all, im that type of person. i have my own selection rule and yet to do research on pesona. i have fully invested at dayang, evergreen and kgb, holding a bit here and looking for technical rebound at skp.
as for this counter, i'd been through their past 2 quarters report where it shows improvement on cable and gel biz, started to buy at 70c and earn some pocket money at 80c. confident for the prospect of the sector (ICT growth) and good support at moving average, i re-entered at 84c.
i did noticed insider selling as said by calvin but i just ignore that since volume not much and not even bring the price down.
now its clear that its prev earnings where operating profit around 3m (another 3m is on asset value) is one time high and not its average profit for the fiscal year, forward earnings will be a challenge
calvin might be +ve on it but i can tell coming monday could be hard to predict
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....
jit008
17 posts
Posted by jit008 > 2018-08-21 17:04 | Report Abuse
dream on!!