May be because PP. Guan Chong has also proposed a private placement to issue new shares of up to 10% of the existing share capital, or about 47.8 million new shares, potentially raising up to RM146.21 million at an illustrative issue price of RM3.06.
Good results normaly after announced will drop due to profir locked it by earlier buyers. If future prospects deem brigther, share price will rise after broking houses revised future earnings accordingly
I can tell u all.. This management is good to control costs and expenses. Koko Budi is net loss company. The COS is higher and remain few years time plus revenue can't move up. Perhaps, the marketing of GCB is the best, so even the materials of cocoa price is keep increase last few years but they still can earn net good profit. I not buy this counter. Just wait after PP.
Usually there will be corrections after good reports are released for this counter. But today's drastic drop is a bit worrying. Has the company's profit has reached the top?
I believe the price condemn by the private placement, which will dilute the value ...damn ...feel bad on this as the bad news dominate the positive one :(
Hit my TP3.60, I’m not selling yet. Waiting for opportunity to buy if drop further. Long term strategy as my average price is 2.00. Now based on PE 10 revised my TP to 4.00. Cocoa and usd still stable + cocoa demand increasing. Relax
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....
RobinHood95
178 posts
Posted by RobinHood95 > 2019-02-18 14:49 | Report Abuse
Fly fly up the to sky~!