Mieco gap down & drop everyday, better don't buy as we don't know what happen to the company. Better watch out for quarterly report that will be release by end of this month then only make decision.
It is overall market sentiment and weakening of our dollars note against our friends. 522 counters down so what you expect. Contra is risky at this point of time.
If you look at the quarter report (2014-12-31), the EPS is 7.07 which is highest positive EPS among all quarters. This is because of the earning from land disposal. If you deduct away the land disposal profit, the EPS is actually negative. I think probably this is the reason why MIECO stock price is not climb up as good as other stock in similar field.
some of you is right here. I met the management myself..sorry to say Mieco is way inferior to Hevea and Homeriz if you understand how they operate their business..I dunno who the heck went and goreng it so much recently but apparently they mst be dumping it now while retailers and rushing in to support..pls do not get trapped.read the annual report and dont buy lemons.. This company only deserve a price of 60-65c at most..be careful.
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....
Alex Chan
3,915 posts
Posted by Alex Chan > 2015-08-04 16:31 | Report Abuse
ikan bilis kena slaughter