Just hold on for a bit more, book closing is next week for FY2020. Revenue and profit will both beat last year, and expected net profit similar to FY2018. I don't think this counter will dip below RM0.25 again. No reason to, it's fair value is between RM0.35 and RM0.55
Coincidentally, there is a potential golden cross forming up, it will be accelerated by the price rally next week, when it happens this counter get another boost.
This week is last call to board the GFM rocket, it will launch soon!
@LaoTzeAhSir Unfortunately Malay boardroom companies like this tend to neglect shareholders and PR, focusing too much on just core business. This must change if they want to have any chance to go to Main Market.
But fundamental wise, I think the company has massive potential to dominate FM service in the future especially with their RM1bil orderbook (which I hope is still intact after the pandemic). But GFM board really must learn to reward public shareholders, and engage in PR consistently, and they must be aware of its positive impact on their company.
Currently the price is still suppressed by: 1. Lack of consistent news and PR engagements to maintain publicity 2. Being an ACE market listing, which has too many shady counters 3. Intra-day trading not available 4. Very very low dividend yield 5. No share buyback, or any other shareholder reward programme besides the meagre dividend 6. QR lacks clarity sometimes, there are few expenses/items that seem not clear (e.g. intangible asset), but not clarified properly, and there is also no clear direction/ future prospect to get investors excited. 7. Warrant and ESOS pricing seems tone deaf to the stock market, when they have not made good enough efforts to keep their counter at the price.
If they actually address these problem, GFM easily is a RM1 counter.
@maya1301 I pity you, I think only you no life keep commenting here consistently from last year... People have life and other investments, not all the time so free to sit on a trading forum and comment ;) Hahahaha
Finally QR is out. Congratulation to all patiently waiting for the QR. With profit above my expectation with unexpected over rm3.15mil. Total EPS 1.69sen @18sen. PE 10.65. more room to go up. Correct?
LaoTzeAhSir most useless and zero benefit to loyal shareholder listed company ever. congrats N . Ruslan. shame on you. for your failed company 16/02/2021 8:36 AM
Great QR! Hit it out the ballpark, just slightly more than my prediction 30m revenue, 3m profit (10% margin). Higher net profit and margin than last 2 years despite pandemic and lower revenue, back to all green QRs. With so many volatility out there, this company is showing resilience.
Tomorrow is a day to enjoy after a very long wait and betting on fundamentals. Congratulations everyone!
The first hurdle is 20sen since last QR from Dec 2020 until now the latest QR out still unable to break. See how it move first. 2020 profit exceeded 2018 and no reason it cannot break 20sen resistant unless someone control the price dont let it go up yet. Correct?
Tq Ular Sawa, Tq Triple H Your constructive comments are very much appreciated. For the haters, i dunno la if u cut loss before then just reenter at lower la for profit making company.
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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....
DreamKeeper
1,243 posts
Posted by DreamKeeper > 2021-02-12 23:44 | Report Abuse
No movement at all