Texchem Resources’ 9M22 core earnings of MYR27.5m (+234% YoY) were broadly in line, on improved performance from its polymer engineering and food divisions, and a remarkable turnaround for its restaurant division, supported by healthy 9M22 FCF yield of 8.6%. With the expectation of a stronger 4Q, current 7.2x FY23F P/E valuation and P/CF of c.5x are compelling, given TEX’s position to benefit from business transformation and sustainable earnings recovery.
The sharp drop was due to the recent QR. Yes, profit increased but the detailed numbers made investors knee-jerk sell when they didn’t realise those numbers are due to expansion, purchase of Sushi King private equity and dividend paid
management problem Tim hoh wan is a good case study. Tim hoh wan got killed from dim sum size reduction and using pasar malam drum chilli.
Used to eat Tim Hoh wan very often until I saw my dim sum suddenly become smaller and the chilli became pasar malam chilli so restaurant entered my blacklist. Restaurant died very soon after this happening event
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....
VTrade
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Posted by VTrade > 2022-10-25 14:24 | Report Abuse
Drin kopi