Cityman, I hope it remains your favourite. Volume quite high yet share price moves little, people do not see value in this stock, I wonder why. Do not get me wrong, we are not here to marry the shares but to make money but nice to have shares that fly once in a while, wishful thinking I agree but we hope market or some predator recognizes value in it, all the best to shareholders, new and long suffering like me!
spot on underbigtree. Moving beyond that, what purpose will the RM8million be used for? Revving up or capex for their other activities I guess since distribution as dividends may be too little.
Lets hope so. The market cap is still low. Stock is closely held by directors. Renewable energy from Palm Oil is also something that they do. Water piping supply business for 2 years is so grossly underestimated, they won an open tender. Government wants to save on costs, reduce excess, provide clean and uninterrupted water for its people, Sarawak is allocating large sums for water refitting etc. They have their own factory which they own build and operate so no relying on outside sources for materials. I can't make this counter move up but I have held it for a while and maybe, the potential will soon be realized but within 2 years, the order for pipes will see a huge increase in TO and no doubt profits. Who else is there to supply these pipes when they won an open tender? Please DYOR
Thanks Unicorn, I read this and I agree, too diversified but water piping, open tender win,good prospects no? Any peers to compare, most are steel pipes which is def a no no now. Company should show some figures, expected amount of orders, projections, be optimistic. I also agree with moneykj, wait for results but results will not reflect order yet I think, only what was stated in the Edge Article and BTW, if they get an order, why not inform shareholders via Bursa
Fire services going down; Property expected to give a one-time big earnings; Renewable is inconsistent because of palm oil & kernel price; Pipe is still too small to give an impact. When one segment goes up, another segment goes down. In the end no total breakthrough.
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....
1128
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Posted by 1128 > 2019-01-16 09:15 | Report Abuse
Go go go