reentered today at RM1.03 after leaving the counter at 1.05 around half year ago. decided to buy this counter as it is more "grounded" and fundamentally undervalue while people are focusing on MCEMENT and HUMEIND.
Taib family issue should have been overplayed and doesn't actually affect the fundamental of the company
@BurungPipit overlooked the meaning of your message just now and just got read the news from FB. it doesn't affect fundamental of of company and if anyone intentionally lower the company price today is a disrecpectful act and I believe nobody would intentionally do that, maybe some fears in retailers but I think it has been well absorbed at 1.02 already morning just now
@sivapakiam311056 who get the company shares doesn't matter as they are not the one to run or make decision for the company, NAIM on the otherhand have to problem to rise up to 5% intraday today albeit the same news.
by the way @sivapakiam311056 I see you have been so loyal with this counter (only commenting on this specific subforum for many years already) looks like you are very certain with how much the actual value of the company :-)
1 concern is that gov no longer give priority to the company, nevertheless, they also already take away it's cement monopoly at Sarawak, the news is half year ago and already priced in I believe. what else important now is the management of the company and profitability of the business onward.
very keen to see next QR as cement business is good now
@ocbc meh, SCIB negative PE and still above NTA despite price already waterfall lmao see how small and bad fundamental that company want to replace CMSB?
Don't even able to read the market sentiment objectively ..... after buying just dreaming, continue to dream lah, it's free ... after all 80% of the people like you, no surprise .......
what I see is Taib family issue already factored in the price for quite some time already, his leave today is also not a surprise, I agree market sentiment don't like the news, but then back to business, QR is just around the corner, let's just wait and see
forget about sentiment thing that come and go, MCEMENT result just released and break new records. consider both MCEMENT and HUMEIND already got rally previously, there are risk of profit taking there. proven by HUMEIND these 2 days.
so investors, if you are interested with good fundamental cement company, where else you can go? CMSB here are still doing cheap sales due to temporary sentiment issues
good QR, cement sector doing good profit. QR will be even more superb if phosphate sector aslo start making profit.
btw notice some biased comments of QR by certain news reporter by comparing this year full year result with last year result, it is not proper comparison because last year result involved major one off gain. this year is doing very fine overrally at PE 9 (still less than 10). very good PE for established company with 1B market cap like this
QR also reported contingent liability of Rm342 million to SESCO. Also reported segment loss of Rm57 on phosphate operations. It's very costly to leave the phosphate operations suspended n not to come to some settlement with SESCO.
it is the first and only phosphate business in Malaysia right? (correct me if I am wrong) operation of the business is imminent? cannot be abondoned and keep aside like that forever due to court case?
Painfully sold all cmsb today after holding for 4 years. Very disappointing result. Phosphate division loss widening with zero revenue. Legal proceeding with SESCO poses great risk and financial burden for the group as CMSB s holding 72% share in CMPI. Profit of 50 million from cement segment offset by 50 million loss from phosphate segment. CMSB needed new major shareholder with Norges support. Until a new major shareholder comes in with at least 20% stake and revamp management, it is better to stay at sideline and observe this counter.
sold all cut loss at RM1 after a week reentering this counter, cement sectors are not uptrending despite good result. didn't liked the uncertainty with phosphate sector, decided to revamp my holdings instead. will reenter again given better opportunity like @furionstormrage do
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....
dinghai
108 posts
Posted by dinghai > 2024-02-01 23:18 | Report Abuse
That means not long enough...