they planning to build new factory and warehouse to expand their storage capacity by this year , and will also do capex by fy2018 , i saw annual report write lag-on effect in selling price adjustment, XD who got attend agm by end of this month pls help me to ask management they need how long to adjust their selling prices when face higher operating costs and increase in resin prices
normally selling price adjustment will take 1 to 2 quarters. so assuming that is the norm, then this upcoming QR we should be seeing some better performance
@HowAh take it easy , i think this counter is for mid long term ...... if compare to tguan , scientex or slp this company is quite conservative , but steady growth .
this counter free net cash + 8 cent dividend also got 5.6% ...... recently crude oil price going low and rm to usd is more strength compare to last 2 quater , it will effect resin prices
so the material cost will cost down + management will do the selling price adjustment
i predict upcoming 1 to 2 quater the profit margin will going higher
I did not sell when price spiked up to 2x as that time was hopeful with price to be even higher due to a great quarter report. Anyways, due to company management appears to be serious in what they do, i shall continue to be hopeful....
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....
Cockcroach
624 posts
Posted by Cockcroach > 2017-04-28 18:04 | Report Abuse
Insiders are buying. Quarter report out only next month but they are buying in now.
The 2 cents dividend for May report is a great cushion