The credibility of management is to be wanted. They never appreciate the trust from us. There are many potential counter outside. No need to remain hoping from this...
whenever a company did plant expansion after the next 2 years, share price usually go up after the depreciation. Just a simple biz sense that a company doing well will only do expansion. This is how I used to invest in Malaysia stock market. I bought "Kawan" counter using the same technique and it come true.
You're right about the expansion. But depending on the leadership .
Former sales personal complaining that ex MD had been turning down orders , on excused low margin etc
Resulted sales person can't achieve KPI kena sacked, while he keep on acquiring cheaply in market after disposing his Johortin. Keeping revenue low and Failed to achieve his own KPI but take high salary and bonus. Old school tactics.
Finally asked to resign by the Independent directors.Last Q result was still under his tenure. Even clients and suppliers glad he was Out. Firecrackers during CNY!
Boss say hired Donkey also can perform better after realizing they put a rat inside the "Rice Tong" for so long.
Company will easily do well once the revenue kick in. Healthy cash flow, repay 18m+term loan.
Tomypak Holdings surged and touched the RM0.615 resistance level. With its RSI indicator pointing upwards, coupled with stronger trading volume, we see a good chance of it experiencing a technical breakout and head towards the short-term target price of RM0.65, followed by RM0.67. The downside support is marked at RM0.58. Traders are advised to exit on a breach to avoid further losses.
I believe tomypax performance will improved further in quarters to come. It’s product used to package food products n confectionaries . Emico etc more people working from home .
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....
mh87
3,966 posts
Posted by mh87 > 2021-02-26 17:13 | Report Abuse
I think Director or shareholder will support share price later..
Now price below 60sen.. Quite low as compared to some other packaging stocks..
Just need to wait packaging theme play to see the momentum..