@Maxpower, That was my thought as well. Furthermore, their property venture is mostly in Kedah as they JV with state government to build commercial lot. I was wondering what is the demand like for commercial property in Kedah?
@Phoebe The area which they plan to develop shop lots is newer area of Sg Petani, more atas taman if you will. (think Seremban 2) Nearby there already got franchises like Starbucks,Uniqlo etc.
To be fair, their 190mil net cash position makes the whole property venture less worrying in relation to the profits they make from plastics and F&B segments.
Will see what’s the upcoming QR like before making decision.
I think it’s not unrealistic to achieve 2b revenue given the current revenue trajectory, esp they’re slowing penetrating deeper into the European and US market.
first time entering TGUAN at 1.75 (9am open price, 22 august 2024). downtrending old school important business that is still profitable (PE below 10) and not sunsetting in foreseeable future. more cash than total liabilities. nice NTA discount. fulfilling well my main criterias for value trading, thanks for the downtrend to provide a good opportunity to entry this counter that previously traded at fair or above fair value at discounted value. and thanks for the recent QR report that attract my attention to this counter that I ignored for long
Perhaps they’ve changed dividend payout to twice yearly. All in all, I’m satisfied with this QR, not expecting for growth next QR as management team said during AGM, just don’t give us deep plunge in top and bottom line will do.
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....
speakup
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Posted by speakup > 2024-07-22 14:49 | Report Abuse
Drop 3 sen only dah panik