BK has been on a share buyback binge again of late. Combined with high CPO prices that it reaps from its main sub KLK, I think that in the near term, it's looking very bullish.
Profits bobbing up & down. Prospects vague. Nothing much to shout about. I think the purchase of Chemical Co a few quarters ago at an exhorbitant price is coming home to roost. It is haunting this co and will do so for a long time.
Let's hope that the Co will either retain them as treasury shares or cancel them. It needs to neutralise as many shares as possible so as to bump up its EPS.
I applaud the continual share buyback measures but I hope it does not over do it until it has no more left in the coffers to pay handsome dividends.
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....
calvintaneng
56,538 posts
Posted by calvintaneng > 2024-02-24 17:21 |
Post removed.Why?