combine resources and no need to compete with quotation..there are lots of things can be streamline. Now Straits has vessels opearting almost in the whole malaysia..huhu
I am impressed by the new management team. They grew the business aggressively over the last one year through acquisitions and partnerships. They carried out private placement, issued new shares and right issues to fund the acquisitions. They expand outside their core business and go beyond Malaysia.. what a busy year.
Straits is not cheap even with RM 8 million profit guarantee from the acquisitions this year.
Good prospect, but my main concern right now is the PE already very high at 56%, or EPS only only 1.78%, which is very damn low..huhu. Current price at 27c might already in over-bought position,
Need to wait for the next QR with high EPS to reduce the PE, than the current price above 27c is justifiable.
already made huge profit from this stock. Time to watch very closely for any sign of u-turn.
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....
Ron90
4,118 posts
Posted by Ron90 > 2019-03-15 11:37 | Report Abuse
combine resources and no need to compete with quotation..there are lots of things can be streamline. Now Straits has vessels opearting almost in the whole malaysia..huhu