malaysia operation profit up more than 3 folds compare to last year veitnam operation revenue up 25% but profit just up marginally around 12% compare 2 last year.from the latest financial results, the management highlights the increasing competitions in veitnam maybe the depreciation ringgit helps 2 put down the cost of production in malaysia alots. very interesting 2 see how the malaysia operation perform in coming quarter. still stick with my 2016 prediction rm800,000.00 revenue and 12% net profit margin around 100sen eps per 2016 excluding foreign exchange fluctuation.
Sokong also for share split & bonus. Panamay no bonus but declare good dividend, annually more than 150 sen. Latitude much cash but distribute peanuts to shareholders only 12 sen. Keep building up cash reserves like Oriental & SPB, but keeping for whom??
below was my comments last week...................
catalist pongdan/pingdan, by theory, with good results, the price will goes up.............. but if the stock is manipulated by speculators, when good results were announced, the price will drop.......why, bcoz they will try to sell as much as possible as they have about 10mil shares to sell......so please wait and see next week how many fools going to enjoy their losses. 26/11/2015 16:19
With impending Dec FED interest rate increasing, 1MDB still a very dark cloud over the country & oil prices weakening, the ringgit will just sink further. So protect yourself by picking up shares of company doing export business.
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....
Alex Chan
3,915 posts
Posted by Alex Chan > 2015-11-27 14:34 | Report Abuse
Overbought. Tomorrow profit taking