CMSB drops probably due to management guided that the performance of OM Materials is going to be weak for FY2019 due to weakening selling prices for FeSi. OM Materials' contribution has been quite substantial in FY18, thus if OM Materials is to perform weaker, it will impact CMSB's FY19 earning performance. AmInvest analyst has cut the profit forecast in FY19 due to the reason mentioned above.
OM Materials may just showed slight gain or even loss in Q2. I suppose that's why CMSB's stock price keeps sliding. In spite of the negative factor on OM, CMSB's stock price now is kind of attractive...tempting.
good to buy now @ $2.30 to $2.35 as the price is all time low @ the lowest in 52 weeks price. this stock will rebound very soon once the KLCI Index is rebound to 1,600 points. Tks
Oversold today. Bought some. Hope the drop today is not due to insiders know coming Q2 earnings is poor. I personally think that Q2 earnings will see improvement QoQ albeit lower YoY. This is due to Q1 is seasonally weakest quarter.
Thanks BullRun_93, hope u make some money too from CMSB. Its stock price rebounded this morning. If u refer to announcements, the major shareholder has been buying CMSB stocks from end May19 till yesterday. This doesn't mean everything but it at least shows a positive sign that things may not be so bad as what market has thought for CMSB. Having said that, take note that its associate, i.e. OM Materials, performance will be poor in quarters to come due to declining FeSi selling price.
Posted by BullRun_93 > Aug 26, 2019 11:04 PM | Report Abuse
@value88 I think you are absolutely right! :)
Posted by BullRun_93 > Aug 27, 2019 9:21 AM | Report Abuse
@value88 you're a pro investor i see value in you! Your timing is PERFECT! :D
@KAQ4468 I don't know @value88 lah bro! Yes I'm newly registered yesterday but that doesn't proof I'm his fake account right?. But on serious note his call is perfect timing don't you agree too? :)
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value88
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Posted by value88 > 2019-07-29 16:25 | Report Abuse
CMSB drops probably due to management guided that the performance of OM Materials is going to be weak for FY2019 due to weakening selling prices for FeSi. OM Materials' contribution has been quite substantial in FY18, thus if OM Materials is to perform weaker, it will impact CMSB's FY19 earning performance.
AmInvest analyst has cut the profit forecast in FY19 due to the reason mentioned above.