This is a fundamentally strong counter and i am not worried at all with the price drop today. In fact, i will continue to sapu from the frightened soon to be ex-shareholders.
Their latest QR have increased my confidence towards this counter. Revenue remained acceptable and increased by approx 10%. Profit before tax margin increased to 15% from 11%. Low interest expenses, with extremely healthy debt and interest servicing ratio. Cash and bank balances went up by more than 65%. Total bank borrowings remained manageable and is even lesser than their available cash and bank balances. Gearing remained super healthy at 0.13x. Healthy cash surplus from their business operations which they can then use it for their investment and financing activities, thereafter for their future cash build up.
Strong counter which i am waiting for further pullback to accumulate.
Wishing all my friends a Happy and Prosperous New Year 2016. May the brand new year augurs well for the world with peace, happiness, luck, prosperity and good health. Huat ahh!
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....
YOLOOOO
1,676 posts
Posted by YOLOOOO > 2015-12-30 10:24 | Report Abuse
drop little bit then want cabut, how to earn big money?