@williamtkb : Coming QR should be super good. Maybe have 1B profit. Just they never give cash dividend. If propose 10cents cash dividend, will above 30c
Result for Q ended 31/3/2021 will show losses from the Mark to Market accounting on their portfolio investment ...however their cost of original investment costing RM207M is expected to remain intact come Q ended 30 June 2021 but there will be a huge losses on their quoted investment esp on Focus, based on mark to market accounting, expected to exceed RM700M if the share stays at 9cts...
Expect Fintec to revert their financial accounting on their investment portfolio, to be on Equity Basis and that will put the company of firmer footing in respect to their Q Reporting , without the wild swing on their quoted investment portfolio. But they will have to take a hit based on the valuation of their portfolio investment on their balance sheet, which will reduce their NTA from 40cts plus too around appro 15cts plus....
Evaluate for yourself & made your own call on Fintec...
The possibility of dropping below 0.04 is minimum; this counter is safe only if you have holding power. MCO with permissible economic activity will not be the same as MCO 1.
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....
OpporturnityHunter
2,219 posts
Posted by OpporturnityHunter > 2021-05-04 11:24 | Report Abuse
this is an impotentia counter. once fall, will never ever stand straight and raise again. will not give your any happiness. just sell