The fair value for this counter is 0.79. Now it is at 0.58. It is already in a discounted price. In Addition, the Net Tangible Asset MA is 0.42. Meaning that if they sell off the whole company, it is still worth 0.48 per share as on now. 0.58 - 0.48 = 0.10 , worst case scenario, you might lose 0.10 only.
read the Invest Malaysia 2018 dated 23-24 Jan 2018. dont see any impact on its order book for next 3 years coming from cancelled infra projects like MRT 3, HSR, ECRL
i think all these while econ is going through open tender to get those project. also econ 1 of the competent substructure contractor. so no need worry much. now is oversold. will rebound anytime soon.
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....
goodjoe
486 posts
Posted by goodjoe > 2018-05-23 16:51 | Report Abuse
yes, i think econpile is a good buy now.