Perhaps now the sentiment will be too pessimistic. If it somehow goes to sub RM1.10-levels, I might consider re-entering. Stock market always moody and swings wildly and overreacts.
Must understand, many workers need take leave to see their family in bangladesh/pakistan/nepal.
Best time to take leave is when their scheduling their yearly majntenance. So management just simply prefer if they gonna be away, better be the time when our production line is down due to technical servicing.
This is something to show to shareholders. So worst is over this Q4 all workers are back working die die lio
These guys have no idea. JF Apex just saja saja can reduce future expectations by so much. Two months ago they recommend everyone to buy at RM1.70! Listen to IB sure make you pokai. Act independent of their stupid recommendations.
Those who had caught the falling knife hopefully you are not deeply cut and bleeding. Anyway, there is a gap down and the gap will be closed eventually sooner or later. You need holding power. My comment is still kiv and wait until it consolidate, i think it will drop further to below 1.30 before consolidation. No clear sign of reversal yet. If you want to enter at this level, buy little bit, dun buy a lotto bet. For me I will wait even if I miss this chance if things reverse suddenly.
NAV 0.82, Qtr eps 1.33, if annualized it based on 0 growth rate, its value is about 42 cents, if put in optimal growth rate, its value is around 64 cents. Add in nav around 1.46, but usually you need to discount the asset value as reported. If with very good growth rate, its value is around 1.85 before discounted. Personal evaluation as a guidance for those lost cats in this counter as a reference.
but one thing is clear la. the ceo is a very honest man and transparent to the shareholders which is very rare in bursa. just focus on doing the business and not playing little tricks to con shareholders. if u have business, u will know its not sunny everyday.
This kind of management is very rare and their business model is superior also (a bit old fashion business, neet to go automation) . Currency fluctuation is only a temporary setback and cannot be taken into fundamental consideration. i look at the cash flow its still damn good.
Just sing red red wine..., goes to my head, Makes me forget that I still need you so Red, red wine, it's up to you All I can do, I've done Memories won't go Memories won't go
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....
nikicheong
2,530 posts
Posted by nikicheong > 2017-11-24 08:47 | Report Abuse
Perhaps now the sentiment will be too pessimistic. If it somehow goes to sub RM1.10-levels, I might consider re-entering. Stock market always moody and swings wildly and overreacts.