The Q result is a surprise. This is the worse Q result since it listing. If base on 2011 bad result, the share price is about RM0.20. Luckily only bought about 10 lots. Let see what is the share price.
Pls pay more attention on their core business : cargo transport business.and their main clients.....Warehousing , forwarding, properties are all their side income business and should not take into much considerations. .It is very difficult for Tiong Nam to go back to their hey days where their main clients were from the electronic manufacturing sector eg:Aiwa, Seagate, UE etc, during the early and late 90's..Three main factors tht play the main role in these company :- 1) cost of fuel and maintainance 2) staff overheads 3) currencies exchanges ( purchases of spare parts for lorries , caterpillar, low- loader etc maintaince )..
Oops ...continue from abv....Let's not forget tht Tiong Nam was reputation to have the most number of lorry cargo fleet in the early 90's and was the first local lorry transport company tht get listed in KLSE stock exchange..No one would ever imagine tht a lorry company would get IPO during tht era..
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....
ramada
3,955 posts
Posted by ramada > 2019-05-31 18:05 | Report Abuse
In AGM this year, they had mentioned that they were hit badly by a logistic company of Singapore. Plus increasingly intense competition in local.