Patrick Grove has successfully completed so many huge projects world-wide. If Eric Tan were to complete one or two projects like what his sifu has done, will be good enough.
Let's look forward to Eric Tan' s future days in CATCHA.
俗话说 : 名师出高徒 !
I dont think so, INSTAHOME is one of the failure project. Burn money and dont have any result, and at last sell to someone to hide the failure. The funny thing is the news still say that the boss are very good in selling company. if your company is profitable, who sell the chicken which lay golden egg... funny funny...
LearnFromMistake,. Not everyone will see eye to eye.
As long as one could sell any project (s) with profits and for the best interest of the company, especially that is not a core business ,then one should go ahead and do it. Why not?
Malaysian end-to-end rentals specialist Instahome has ceased operations two years after launch, with the company's website no longer active.
Rumours are circling that the business struggled to secure extra funding in 2022 despite a strong executive team including CEO Eric Tan, iProperty group co-founder Leon Kong and CTO Kambiz Khanlari.
Instahome was backed by investors Catcha Group during its launch in October 2020, with a business model focused on end-to-end rental transactions including searching, referencing and booking. The platform also incentivised prompt rental payments from tenants with rewards, as well as helping with moving services and home maintenance.
Many ppls believe their stories and buy at high price 50sen above. Now all suffer big big loss. Now still got ppls ask us dun worry.... hahaha.... wait drop back to 30sen to sell ??
WHAT???? i didnt know nowadays rubbish also can collect fee???? joke of the year
Michael Kwok
U see i right.usually 1-2 days people read will sell.please follow me ot join me with fee.please read... 1/9/23 4.24pm Sell call catcha 52.5 Tp 45 cents below 19/8/23 6.47pm
chon99, Dun simply said that Catcha will rebound to above 50sen soon or later. How soon or How late ? 1 day, 1 week , 1 month or 1 year or even 10 year ?
CATCHA NOW TRADED AT P/E =391x at current price. Already overvalued many many times 😍😍
If i the owner, i will cash out now. Wait the price drop to 20sen first.
Wintogether, Let's be fair. Give chance to Eric Tan to perform and to prove his worth.
Actually, CATCHA performs much better than some other companies during the 2 quarters of the current year if you care to find out. I can't tell those companies' names here because it is equally unfair for me to do so.
Your PE ratio of 391 is highly ballooned and unwarranted. From where you got the figure. ? Through your own imagination ?
I repeat , please do not give too much pressure on CATCHA and its management. Let them have the chances to perform.
CATCHA's PE Ratio should be improved with more earnings in the future.
It is only a few months from the beginning of the company which was being regularised . So it takes time to materialize whatever planes in the pipeline.
I never hear people promoting this stock is very good when back 2months ago right issues nobody want to take up only when the owner goreng up the owner like to thank you for making their bank acc fater
Exactly! Catcha was push up after the Rights was under subscribed for the owners to offload. Rights was 23.5¢, at 47¢ they already double their money. That's why speakup sold off all at 50¢
For most retailers their money is sweat money don't listen to much to the promoter take it as a pinch of salt our market is uptrend now theme play in property n construction better upside than holding on a stock that has been play
Management guided a full year PBT of RM10mil for this year, assuming RM8mil of profit after tax.
The earnings for 1H2023 was RM1mil, which means 2H2023 should be RM7mil with the FULL contribution of imedia and recent acquisition of new co and NCI.
Assuming the trend to continue to 1H2024, earnings for 1H2024 is assumed to be RM7mil as well (which is quite prudent considering there will be more acquisition and no more corporate finance fee on the injection next year).
In this case, forward 1 year earnings (2H2023 and 1H2024) will be RM7mil+RM7mil = RM14mil
Based on current market cap of RM151mil, forward 1-year P/E is just 10.8x based on my prudent forecast.
ZorosInvestFund, Well said and noted with thanks. We should also remember that iMedia was acquired not long ago. The profit made from iMedia would be partly offseted (reduced) by CATCHA'S expenses such as administrative expenses and/or other expenses.
That's the reason why CATCHA would have to do more acquisitions/mergers to increase its profitability to a satisfactory level.
Let's do some maths. We just take management guidande of RM10mil PBT this year, and after excluding those one-off corporate expenses (it was recorded at some RM5 mil in 1H2023), we can derive a PBT of RM15mil or PAT of RM12mil in FY2024. Given enlarged share capital of 350mil now, its estimated EPS would be 3.43sen. Let's take PE valuation of 15x (mirror with MYEG), we could justify its fair value of RM0.51. Again, if you look from balance sheet strength (which is not meaningfull in tech stock), it PB is 3.46x (NA of RM0.13 vs market price of RM0.45), which to me, still "ok". In conclude, current share price is rather "fair" and potentail upside be beyond FY2024 where its profit could be growing another 50% toward RM20mil, then its valuation could jump toward RM0.86! (potentail more than 90% gain from current value of RM0.45)
calvintaneng, Long story make it short. You download so many nosensical stories, for what? For own record lah ! Who want to read those illusive grandfather's stories.
I find it a joke for someone claiming credit for seeing Catcha breaking 50 sen. Just days earlier he is telling everyone to dump Catcha. How quick he changed his mind & U-turned, I suspect it is his primitive tools he uses. It is different for @chon99 who had days earlier said Catcha will climb back to 50 sen level & he is spot on. It would be great to learn his trading tricks if @chon99 cares to teach...
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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....
LearnFromMistake
352 posts
Posted by LearnFromMistake > 2023-09-01 14:53 | Report Abuse
Patrick Grove has successfully completed so many huge projects world-wide. If Eric Tan were to complete one or two projects like what his sifu has done, will be good enough.
Let's look forward to Eric Tan' s future days in CATCHA.
俗话说 : 名师出高徒 !
I dont think so, INSTAHOME is one of the failure project. Burn money and dont have any result, and at last sell to someone to hide the failure. The funny thing is the news still say that the boss are very good in selling company. if your company is profitable, who sell the chicken which lay golden egg... funny funny...