Most retail shareholders already let go their tickets .....n tickets are now in the Master-mind collectionen box !!Prices spike up drastically is to creat " Fear "........just to deter potential buyers keep buying !! I believe what 小强 said : " Some one/ or group want to collect all the tickets n ...........!!
haha cpo price for Nov 2016 to Dec 2016 higher than Aug 2016 to Oct 2016... if the result for this quarter good, confirm can continue hold unless result or cpo price drop.
The recent "Fear-Index " is hovering around 2.13 ---2.21 Rm !! Today the prices spike up 17.5% n closed @ 2.77 Rm ,another high Fear-index deterring buyers !! Observation n analysis ---- Not to worry......"The hidden shadow n accomplice " / or cool-mind collectors will continue n reinforce the buying spree !!Merry Chrismas ........!!
For the quarter under review, revenue for the Group in crease d by 91. 59 % f rom RM 48.49 million to RM 9 2. 90 million as compared with preceding year corresponding quarter . The in crease was mainly attributed to the in crease in selling price and sales volume .
Earning not as good as lsat quarter. But balance sheet is stronger. QoQ, total liability dropped 19% from 101M to 82M, and net asset increased from 99M to 102M. NTA increased from 2.46 to 2.53. Next 2 quarters result will be much better than prior year, due to low base. Andd CPO is also looking good. Keep for another 2 quarters.
On outlook, the group said it remains “cautiously optimistic” on the prospects of the palm-based business and will continue to focus on cost and operating efficiency as current palm oil prices remain resilient.
“The current palm oil prices remain resilient bolstered by concerns of low stock levels. The board is cautiously optimistic on the prospects of the palm-based business and the management will continue to focus on the cost and operating efficiency of the group for the remaining period of this financial year,” it said.
The higher palm kernel oil goes, the more likely it will drop. By then Tecguan will report a loss. Tecguan business model is just like Shell Refinery. It can make few quarter of good profit followed by a big loss.
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....
Calvin882
1,562 posts
Posted by Calvin882 > 2016-12-20 12:56 | Report Abuse
Volume is not high but why suddenly increased drastically?