I think have to wait till the company next earning announcement.... RM weakening should have positive impact to the company's profit as its customer mainly from Europe... if the turnover of the company is confirm by its profit, IQ price should go up.... if this coming announcement show negative performance than the price will go back to where it start......
buy in since RHB start coverage on this counter. as it's market are mainly Europe, Japan & US weaker RM should benefit the company (in terms of profit from foreign exchange) and based on RHB the company turnover look promising. But I wouldnt be in for long term will as there are better stock than this.... lol
Yes. !Q has made 8 cents already. There might be a change of fortune for IQ.
However, iq price has run up too fast for such a short time.
Another interesting stock is TAWIN
Like IQ - TAWIN has been in the doldrums at below 50 cents. TAWIN also has NTA of over RM1.00. For the last 2 quarters TAWIN has made 5.5 cents. Will it be another IQ?
Calvin Tawin borrowing isn relatively high at70mil at this moment and they are relying on copper as their main raw materiel weakening RM may not be good for them and depend on copper price this will determine they profit margin...
1) So Weakening of Ringgit against RMB is good. 2) Copper price is in downtrend. Also good. Since cost is lower. 3) TAWIN Profit is up for last 2 quarters (Combined 5.5 cents at 6 months.) 4) TAWIN NTA gone back above RM1.00 already.
I bought IQ Group because at 30 cents due to 2 reasons. 1) IQ Has High NTA over RM1.00. 2) LED Light being the future of lightings then.
Calvin u really did a good analysis on Tawin as I didnt really study Tawin (don I have no knowledge on copper price) will definitely look at it as it look promising from your analysis. Hope to find another good company to invest in. Happy investing :)
i had bought this share 7 years ago, starting from rm 1.10 a share and drop to nearly rm 0.30 ,i keep buying and able to average it now become my biggest portfolio. this is a good company and good management. i may join this coming AGM (26-09-14) in pinang,who else intend to 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....
master_raikun8
56 posts
Posted by master_raikun8 > 2014-02-06 16:30 | Report Abuse
come on IQ! shoot up to 1.4!