In the recent report, KAF discounted the valuation by 60%. Even the cash component shrunk by the same percentage.That is simply illogical that RM44m went poof. Back in April 2019, they valued KAF at RM0.75.
Looks like TRC overcame its recent resistance at 36sen and now it is clear skies up to 42.5sen. 43.5sen also coincides with the 38% retracement of the downturn that started in Apr2019. Clearing this, 56sen is the next target.
TRC is going against the flow today with a 71% buy rate as of 9:50am. Something looks to be brewing. I noticed the same pattern last Friday when it recovered after the sell off.
This TRC is cheap in term of valuation, but poor at company management. If you have extra cash, you can park some of fund here. In 2-3 years of time, shall enjoy 50% of upside capital gain
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....
james70
327 posts
Posted by james70 > 2020-05-20 18:34 | Report Abuse
In the recent report, KAF discounted the valuation by 60%. Even the cash component shrunk by the same percentage.That is simply illogical that RM44m went poof. Back in April 2019, they valued KAF at RM0.75.