Pull back to 1.35 is just technical correction and profit taking.Although I have sold almost all my holding of nearly 40000units I would advise others to hold on to yours for a while until some smart guys realize the underlying intrinsic value
This is one of the best performer stock related to oil and gas for year 2014. At current price level, it's really value for money....in terms of potential dividend yield. Consistent profits earner in the last 10 years.
Lose money like hell for this counter. Have to learn from my mistakes and not to trust blindly all those articles recommending this counter as "Hidden Gem". Oil & Gas is down and CPO price is also down. Capex will be cut and APB will suffer from this. Besides, this counter is not actively trade. Hardly any buyer or seller.
APB had benefited from forex gain in the current quarters. These exceptional gain amount to RM8 million helped to boost the company's earnings but they may not recur in the future.
If the exceptional gains noted above are excluded, its latest quarters' EPS would drop from 8.21sen to 0.99en.
Things are brewing for this counter. Business outlook is improving. Possible resume dividend payout ( 4-8 sen, 7-15% yield). Big fund (DBS bank, Bank of Singapore) accumulate since oil crisis, limited floating share in the market. Easily push back to 0.80.
Abstract from latest annual report 1) Notwithstanding the challenges, some positive signs emerged towards the later part of the financial year. There are more enquiries and the Group participation in tenders has also been increasing
2) We can expect a lag of at least one to two years before this translates into higher capital expenditure to expand production capacities. Moreover, the present excess capacity overhang has gradually been absorbed by increasing demand
3) . The prolonged downturn of the fabrication industry may have taken a toll on many players and some may struggle to pull through, forcing the industry to go through a consolidation which would result in a smaller playing field and a shrunk overall fabricating capacity. This would be a positive and present renewed opportunities for the surviving operators, like our Group.
4) The Group’s financial position remains healthy with a net cash position of RM61 million or net cash per share of 55 sen as at 30 September 2019.
Since many newbie still dunno this hidden gem counter, so low chances to lose in this Co..just be patient wait, once big shark finish collect, time to limit up as the share base only 112k lots...minis boss controlling stake, market float less than 50k lot
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....
Yan kin Tsong
168 posts
Posted by Yan kin Tsong > 2014-06-24 17:50 | Report Abuse
is time to hit liao