I don't understand why fund managers/traders in Malaysia only favour selected stocks, always those familiar names in the "Movers" list, sigh ... No other better stocks meh?
But for SKPRes, it is a very good company, or at least shown to be a good company in the past. Share price undervalued (I have written about this a few times) because the major shareholder still disposing his shares.
Thanks kcchong. But I am rather puzzled by the disposal by the major shareholders. It the share is under-valued, the company should be initiating share-buy backs. Also, why cant they wait for the prices to go higher before selling.
inwest88, only the major shareholders know exactly why he keeps on disposing the shares. If I have so much stake in the company like him, I may want to dispose some to give to my children, buy a couple of villas in Queenstown, NZ, buy a few bungalows for my children, my mistresses etc etc. And I can also diversify my investment, use the proceeds to buy Kumpulan Fima, Pintaras Jaya, Haio, GAB, or invest in some startup companies to help entrepreneurship etc etc.
The company is already distributing good dividend, which is more tangible to shareholders than share buyback. The company also need cash for capital expenses for future growth.
Posted by kcchongnz > Jul 11, 2013 01:31 PM | Report Abuse .....The company also need cash for capital expenses for future growth.
goes hand in hand with what he is saying in the annual report. I think their growth has reached a plateau and he and his team will be looking for expansion just as the orders will come in.
expecting dyson's growth in China to sustain SKPres for a good while!
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....
KAHFIEHLAI
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Posted by KAHFIEHLAI > 2013-07-10 20:51 | Report Abuse
i c, what about CSL??? better than skpress..hahahaha