Although Orion promised a turnaround in FYE2019, a lot of things are just plans, or simply said, talk only. Eg, 'is looking', 'plans to', 'is currently', 'to market', 'is identifying', 'strategy is', 'the targeted', 'is bidding'. As for their individual projects, I find it hard to quantify the value and period. For me, those projects seems small time. Conclusion, exited.
From technical point of view, I feel that this is the third round of washing. The goreng from 2015-end is too strong. 2017 second round small wash. Feel that this is the third round wash. Can tipu makan but don't be serious.
This Orion too much hyped in the media d.. Like this -> https://www.thestar.com.my/business/business-news/2019/01/14/orion-ixl-fintech-giant-in-the-making/ Too much hoo-haa before anything real comes. Feel like desperately to get your attention. As compared to IFCAMSC last time, before the boom QR on 19 Aug 2014, it gets no coverage at all. Just everyday quietly shooting until boom QR. If not UMA news people will hardly notice it. Feel more secretive and mysterious. As for Orion, I feel that it is too open and easy. Gem is not born this way.
@UnicornP: thank you for sharing. There is no convincing ground at this stage that they could deliver the profit guarantee of 7.5m/yr or the 15m cumulative. If the last RI price of 17 sen reflects the 'value' of ASAP as part of their operations, then it would make financial sense that the PP price this round should be more than 17 sen since the acquisition of additional 10% of Sukaniaga would unlock greater value beyond that of ASAP for Orion as a whole. If the profit guarantee had been delivered, raising the funds for the acquisition could have been fulfilled without extensive PP which has a dilutive effect on shareholders too.
UnicornP From technical point of view, I feel that this is the third round of washing. The goreng from 2015-end is too strong. 2017 second round small wash. Feel that this is the third round wash. Can tipu makan but don't be serious. 18/01/2019 17:30 _______________________________________________
I can't see any concrete point of technical analysis or stock behavior study from your statement.
Thank you again for sharing stock ideas with me! I hope one day we could just bump into each other in a stock then it will be fantastic! BTW I'm constantly scanning for the best potential stocks in Bursa to my liking, but unfortunately your recommendations are still not up to my choice. Good luck my friend.
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....
UnicornP
2,856 posts
Posted by UnicornP > 2019-01-18 16:04 | Report Abuse
Rephrase:
"Next quarter earnings will be artificially 'explosive' due to delay of earnings recognition in current quarter."
haha