MAGNI. very good stock. increasing profit for the past 5yrs. outstanding shares 162.73M & float below 30%. at p/e 10 this counter still consider looks cheap.
Superb annual report.with macro analysis of its target market.shows that the management know what they're doing.Huge increase in raw material inventory indicates an expected increase in sales.New production facility in vietnam(largest export market),clean balance sheet,healthy cash flows. All of this in my opinion justifies its PE ratio because the probability that superlon can meet that expectation is high.
Share Buy Back Statement in relation to the Proposed Renewal of Authority to Superlon Holdings Berhad to purchase up to ten percent (10%) of its own shares in the total number of issued shares in the Company
If you analyze unadjusted chart, back on mar 24 when it broke strong resistance 2.60 successfully, price further move up to 3.65 on apr 11 in less than 3 weeks. Historical market patterns may repeat itself.. :)
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....
zaimi
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Posted by zaimi > 2017-08-18 22:07 | Report Abuse
Thanks KWAP for your continuous support in this counter