Want to collect cheap also not easy. New factor 5 times bigger than the existing in Pulau Indah will start operation in 3rd Qtr 2016. Production volume will increase gradually. Good growth stock.
I just add little at RM3.45 in this morning. The factory will be estimated to start or renting their store for freeze on 4rd quater , probably will after September,hope the share price will hit RM4 soon.
Yes,it is growth stock,I had been top up many times for this stock since year 2014. It is situated at deep blue industry which is "Halal Food". As an example for Malaysia, Malaysia is moving to become Muslim country because the rapid growing of population of muslims. I can see the non halal restaurants are struggle and need to close shop because chinese population grow too low to fullfill their business One bursa example is OVERSEA which is doing non halal food restaurant business are keeping making losses.This scenario is happening a lot at other countries. Only to survive, i will keep invest on the company which is able to earn those muslim money.
Chong. Agreed. An illiquid counter some more PER is above 20x. It seems not cheap and not many are willing to join the bandwagon. It's still worth it cause supported with the expansion factory and stable consumer business.
PER 20x is just an indicator of past performance. Share price were obviously over hyped if no factory expansion. When you stand on higher ground, you would see future PER at much lower multiple. New factory 5 times bigger than the existing one will give investors a lot of imagination.
High PER. Earnings reduction due to lower contribution from forex gain. Top line remains robust. Plus point is new plant has not started contributing the extra revenue and profit.
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Posted by Up_down > 2016-06-08 17:21 | Report Abuse
It seems won't drop further. will accumulate slowly and invest for longer term.