see what happened after bro H and bones recommend this stock? it drops... now maybe they are planning to do dead cat bounce to trap more ppl in b4 disposing again.
Take note....do not enter....this counter is famous of CON. Normally one to two day show...then go down...happen many time just to lure new babe kill them self....
This counter is a hell yo. Don't ever come here. Why I said so? Because the price and queue only played by the operator n someone. The q sell the q buy. They cancel sell buy they push higher price. They sold when high. Trap retailers. Trust me.
The positive result (still small though) recorded in 1Q19 was mainly from the better performance of its gas division which saw a higher demand for its maintenance service for the O&G industries. Management believes that this trend will continue and is hopeful that division will be able to post profit for FY19. Concrete division on the other hand is still recording losses but at a smaller amount. For the company to achieve a PAT of RM1mil for this FY would already be a very good achievement.
The group balance sheet is not that bad with net gearing of only 13%. The company’s main issue is still on its ability to deliver profit to its shareholders. The company had only managed to deliver 1 full year profit to its shareholders (in FY13) for the past 10 years. It would actually make more sense for the company to close its business and liquidated its assets which currently has an NTA of RM0.65 per share (more than double its current share price).
If you are looking to diversify your portfolio outside of Big Industries (due to earnings uncertainties), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.2x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.
The co has lots of valuable land bank in strategical areas of east Malaysia. The oni concern is the on-going legal suit arising from 2013 Bintulu land sales that may incur rm0.7m compensation. But the land value should hv hugely appreciated right now, a blessing in disguise.
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....
_OptimusPrime_
599 posts
Posted by _OptimusPrime_ > 2016-05-19 19:46 | Report Abuse
everytime he publish midnite. and the next day the stock will be in active page gap up.
after i exposed him, his "power" less liao, but still got desperate syndicate pay him.