branding also played a very crucial part for a successful company....how do you all thinks about superlon? And anyone know any listed company shared the same line of business as superlon? i cant find it ==
If MYR strengthen it will reduce material cost but it will also reduce sales as their product is more expensive. The price of butadeine did drop but not much as the drop is back to early January level. Price estimate: https://fred.stlouisfed.org/series/WPU07110224
Hopefully got good QR but we will only know in a few days.
The results is okay, expected to be the almost the same as the last QR. Revenue increased alot but the profit before tax almost the same, probably due to material cost and the type of products they sold.
And if you read the price target after the last QR profit of 4.5mil was RM 2.36, i believe it's already discounted price at RM 2.03. But just not too happy with the RM0.01 dividend.
Barring any unforeseen circumstances and based on the present trend of demand, the Board expects the Group to achieve satisfactory results for the financial year ending 30 April 2018. In line with our expansion plan in Vietnam, construction of the new factory in Vietnam is in progress.
The share price can go either way tomorrow. The revenue actually increase yoy but profit down yoy but up qoq. And i seriously believe the QR isn't that bad for the price of RM2.03 as i think its already priced in. I think it's already oversold and the price may actually go up tomorrow. But i may be wrong.
checked back the chart against results, the disappointment results in prev quarter caused the price to drop to 2.1x levels, recent drop to below 2.10 was mainly due to people are afraid this qr (ended 31-Oct) could be worse than July's. But turned out it improved QoQ, by a small margin, i suspect share price should trade back up to 2.1-2.2...
@sleang i agree too. I think it will go up to RM2.10 because i believe its oversold but i may be wrong. I think the QR isn't too bad.
@ zaimi Definitely won't follow IQgroup because the revenue actually increased to RM30mil and the profit increase qoq. Compared to IQgroup which reported a loss and i think the management of IQgroup actually hinted they were doing very well.
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....
RocketRider
211 posts
Posted by RocketRider > 2017-11-30 16:40 | Report Abuse
Should be around December