As joker has pointed out, the top line drop is due to the poor palm oil prices during the quarter period which inspite of it, they still managed to turn in a better bottom line. Pretty well managed
And with recovering palm oil prices during this quarter, it's a decent bet that they will improve on both top and bottom line in the next result. No reason to sell
There is no doubt the irrational market fail to take into account of the turnaround by TecGuan as well as the existing trailing PE of only ~8x. Taking a calculation of trailing PE is highly conservative. Taking only lesser revenue at surface value is premature. There is no knowing if the FCPO will rebound in 2016 but despite the lackluster palm oil price, it still sustain well shows the company is able to weather the storm. It is not a pure palm oil play as it has exposure to cocoa too. Additionally, TecGuan is an East Malaysia counter, with the Sarawak elections in 2016, all factors point to upwards movement to immediate TP of RM2.10 followed by RM2.40. Thanks.
This share will surely break rm2 is long term.. I will just top up more if the usd remain high and palm oil price up.. Current fall is an opportunity for me to accumulate more.. I am not a contra player so I am not worry at all
I am holding 50 lots now at the average price of 1.55.. Anything below my average price I will grab it.. As long as fundamental intact, I will continue to hold it till next quarter result.. I don gamble in share market to play those goreng share.. I rather take longer time but safer bet
Will write teck guan later. The title will be "within Expectation"
Are people disheartened by 5.5 sen EPS ? I am sure somebody noticed that there wes RM1.3 mil net forex loss, right ? If u add that back to profit (because it won't happen again next quarter), the EPS should be about 7 sen, right ?
sifu come to comfort us :) I just holding little and my entry low (around 1.5). Believe this counter will go up soon. Like Jtiasa, recently go up to 1.30. Next year Sarawak election + El Nino. What to worry? Waiting your article.
Forex loss due to myr drop very fast last few months. If minus off (due to myr to usd very stable (4.2-4.3)) plus palm oil price improve, believe next quarter will deliver a better result (Don't forget demand from China improve - CNY near)
Seem like riding on the Spanish Mad Cow ( T.G. ) ..,riders were trash out ,or tickets were siphon off by super suction...!Quite scary .......... !! Awaiting the upcoming market action...,take care !
fellow sifus, why there is no correlation at all between CPO price with its profit? Since the business is integrated from plantation to process to sales, its profit should move in tandem with CPO price? The higher CPO price is, the higher its profit is? Please correct me if i am wrong.
it also based on market sentiment and if big boys pushing it.. but before that, they must collect, then release good news for retailers like us to buy....
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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....
kennethcheah
505 posts
Posted by kennethcheah > 2015-12-22 06:58 | Report Abuse
Agree with u, joker!
怎么拿Tecguan 与Johotin来做比较呢。
Tecguan operating margin increased!!