Its a waiting game. Management has logged in higher raw material price for a longer period (higher than year 2018). Drop in paper pulps & waster paper is yet to reflect in the account.
A very good and solid business, with good cash in hand + limited debt, but turned into loss making + nearing 400M debt company. With such track record, but still hoping its to turn around, is like betting on 4D or Toto or Damacai, the winning rate is very very very slim 。。。。 The management team is still the SAME few people, and this is family business 。。。。
Covid-19 make economy slown down fundamental company will metamorphism and company with high debt will the time to collapse.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
cutie compact, royal gold all tissue sold out until out of stock in major hypermarket... while other losing business for this stock making more order and business, expect better earning next quarter
Downgrade NTPM to 0.12. The only things that grow is the revenue, profit go the other way. Toilet paper hoarding is not happening here cause we got bidet
Be careful on this counter . Borrowing hit ceiling, but still paying quite good dividend. Dividend not justified with profit and borrowing. Unless u have insider news, if not should avoid.
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....
enigmatic ¯\_(ツ)_/¯
919 posts
Posted by enigmatic ¯\_(ツ)_/¯ > 2019-12-21 13:15 | Report Abuse
as I have mentioned before, the management is a hell one of a kind.
they can turn a business selling essential items to such a deplorable state.