I'm looking good for Hevea future prospect & business, but I'm not very comfortable for 4Q result which to be released by end of this month. Let's see how the result first to decide next action.
But the sales & profits have been going down continuously for the last 3 Quarters, the current price is justified with its financial performance.
Unless someone want to privatise the company, the cash level in the account is useless. Can see but can't touch.
hng33 Global panic selloff consecutively will follow by panic buyback next. hevea have fundamental backup, especially is net cash company, 40% in current share price is supported by cash hoard level. 06/02/2018 13:44
From the date of release of 3Q17 result until to-date, Hevea already bought back 540,000 shares with average cost of RM1.251, which represented 48% of total 1,122,000 treasury shares. Does it mean that the Board is in view the share price is undervalued? Or they have spare cash but dunno what to use it? Or bcoz they are very confident with business prospects?
When EPF buys, it drops. When EPF sells, it will goes up! Mark my words. EPF always lose money in stock investment. It needs to do window dressing every year.
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....
goreng_kaki
1,909 posts
Posted by goreng_kaki > 2018-02-05 16:14 | Report Abuse
oversold, can consider buy some play play gamble rebound