I play 反向投资, 本小利大,比别人早进场。。这是我的投资之道。。。dun sll in..drop 10% top up..drop again 10% top up again..when the knife reach on floor....all in and pick it up when sentiment come back....
Bank negara will control and set ringgit on 3.80... wait and see...oil and ringgit malaysia is husband and wife...oil up ringgit will back to rm3.30..is juz a cyclinal...lunch time.
Coastal proves that share market price do not always goes up with improvement of profits or fundamental of company. Have a look at the EPS and NTA over last 5-10 years, and compared it with the share price. Not everything is absolute, in share market. Profit growth does not guarantee share price up.
I dunno, but based on their past performance i conclude that management team are working hard to ensure net profit margin sit above 20%, increasing revenue, more is p/e damn low compared to peer. alam p/e is 7.71 while coastal only 6.17. They also have hard cash RM300++M (but cant beat jibby RM2,6bil hard cash) in bank LOL. seems that the management know how to do good business which i like. but for invest, ur money u decide.
Mr Ng Chin Heng,“Crude oil is continued trading at bearish mode due to a glut of oil in global market mainly caused by the booming shale oil in US and slowdown of global economic growth,” he said.
“Recent lifting of economic sanctions on oil-rich Iran may slow down the recovery of oil price. However, we believe the lifting of sanction on Iran could benefit the Coastal group given that some of our customers had good working relationship with Iranian oil and gas companies in the past.
“Iran’s inability to get access to new technologies forced it to cancel many projects to explore new fields. In view of this, post-sanction Iran could create more opportunities for the OSV market.”
The management already foresees the crumbling of oil price, but they see more opportunity to secure more contract.
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....
Sapphire
1,765 posts
Posted by Sapphire > 2015-08-04 11:28 | Report Abuse
So happy....buy a bunch of share...aversge 2.44 nice number...