Just started only. Chart looks like mother going to 1.20 and 1.50, Son 1.00 and 1.30 long term. Show some results and bull will follow. Fundamental must follow.
This is blue chip in making. If what the business community in port is correct, may win large oversea contract and hit $2.00 value in long term. Wait for quarter result.
Slowly showing momentum. My personal view is simply focus on fundamental.
Last quarter was starting point. Good revenue. If really hits $100mil contract profit maybe $10mil. P/E 8x ringgit is 240mil market cap. Price $2.00. Double or triple contract value then do your own maths. Better wait for next quarter result. Hope not too late.
Easier play: switch to Wellcall and pick-up the dividend. RM1.88 still undervalued. Should be over RM2.00 next week. Ex-dividend on Tuesday. Entitlement on Thursday.
Port business is cartell not so easy to go in. Once in will take time to build also. Give it another 3 months will see the result. I put TP 1.70 base on reported port volume of 3million input/output a month, 30% of the business which is known only 3 licenses on port, will be 1million by tonnage, which could be 1.5 million profit a month if they have invested tens of millions of equipment. This is very conservative yet not easy to achieve due to heavy capital investment. Few months result is already miracle.
Short term retreat may find support at chartist support 1.25, 1.15 and 1.05. If believes in business its time to add some for long term portfolio. My personal 5 sen.
This company if work hard will be able to serve more customers. Now is only one customer already 1.50. If sign up with big boys like Noble, Bunge or others, to serve them even if just 1% fee is very big potential already. I think TP may goes up 2.00 anytime soon. Maybe 2.50 by year end.
Tips kawan dalam port. Anak usaha bisnis dah melonjat 500%. Sya tunggu Jun-Aug laporan. Kalau betul saham naik $2.80.
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Posted by Mat85speda > 2015-02-16 11:43 | Report Abuse
Sleeping again. Alamak tunggu ang pao belum dapat.