ASB, a stock that is still very cheap. Latest Revenue 276.8m, net profit 17.324m , excellent potential for growth. Strong sales in travel and tourism. Buy and keep. Very cheap.
The last Qtr result : revenue RM 90.655m . The LARGEST REVENUE EVER for the past 10 years ! Net profit = RM 8.6m which is very impressive for the last qtr.
TheGroupachievedarevenueofRM90.7millionforthecurrentquarterended31December2016(“Q42016”)whichwashighercomparedtotherevenueinthepreviousquarterended30September2016(“Q32016”)ofRM62.1million,anincreaseofRM28.6millionor46.0%.Duringthequarterunderreview,theGrouppostedahigherotheroperatingincomeofRM17.4millioncomparedtoRM3.1millioninQ32016.ThiswasmainlycontributedbyafairvaluegainassessedonICT'sventureinvestmentportfolioinQ42016andagainininsuranceclaimarisingfromafireincidentinArosa.OperatingexpenseshoweverincreasedinQ42016comparedtoQ32016byRM7.3millionmainlyduetoincreaseinexpensesofHotels&ResortsandICTdivisions.Withthehigherrevenueandincreaseinotheroperatingincomeoffsetbytheincreaseinoperatingexpenses,theGrouprecordedahigherprofitbeforetaxofRM16.3millioninthe current quarter under review compared to a profit of RM1.9 million in the preceding quarter.
ASB are going through recovery on revenue. Last quarter recorded 90mil compare 70mil in 2015. NTA 0.68. Share par value 0.30. Worth to buy n keep longer term. Good luck all.
my fren bought ASB at RM 14.30 in aaanthony in 1997 kena force selling holding 1 month at RM 1.00 owe aaanthony almost 400k.ASB bukan amanah saham bumiputera,ini ASB ialah ahmad sebi bakar.he is the director and also hold Kumpulan powernet
Tlxian: I sold vivo & asb go into biohldg simple as son price stay high which will force mum break 0.3 for sure in short term:) so far holding bjland n rsawit will keep top up wf my profit to lower down the breakeven n shorter the time of take profit if can:)
Tlxian : 0 holding on scbuild but will revisit...I choose small type share mainly go for higher % play..of cos I invest rm1 above share b4 even rm10 above also I invested too:)
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....
sticky
13 posts
Posted by sticky > 2017-03-14 03:32 | Report Abuse
tp 0.40 is too far. tp0.20 is reasonable