this stock is a super steady stock in Malaysia... before covid, 0.935 - 0.940... during covid, 0.935 - 0.940... after covid, 0.935 - 0.940... STEADY !!! tiap tiap hari makan hup seng biscuits also cant push the price up...
steady ok, this is like FD you know, if you need money you take out buy some shares that you like, if you sell you put back to FD. Don't be surprise when FD give you good returns too
Earnings should be pretty good. Never went to their shareholder meeting. But usually this company performs well during economic recession. Price target: RM1.20 long term hold
I apologise for recommending Hupseng. But I won't sell yet.
Absolutely disagree with Hong Leong analyst. CPO price shouldn't be a major factor in earnings moving forward. FCPO is already peaking and we are likely to see further downsides. Also, the rise in cost of raw materials especially packaging materials is experiencing rapid contraction thanks to oil volatility. Lockdown measures have highly affected the business as consumers spendings also contract and their staple product shows a decrease in revenue. I think this is a non-recurring loss and we will see a return to the mean soon.
Margin eroded as selling price increase is unable to catch up with the raw materials price rally of flour, sugar & Non diary creamer over last 6 months.
Net cash plummeted to unattractive level as dividends were maintained though earnings plunged. Consequently dividend was cut 25% in the latest quarter. Target price is cut by 25% to 70sen.
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....
fortunefire
1,519 posts
Posted by fortunefire > 2021-04-13 21:04 | Report Abuse
Buy unit trust better. ROI higher than this stock.