Be patient. A newly-listed company in the ACE market less than a year old. The company needs some time to strategize and synergize its distribution network and optimizing its capital resources to generate exponential growth earnings under challenging economic times. Recent moves by the company requires a certain amount of 'gestation' time before profitable returns can be reaped.
Ask ourselves, why do we buy into KTC securities in the first place? Do we trust its business model and the company's vision and management? KTC's emergence is an iconic symbol of a success story of persevering victory over many years of challenging and competitive corporate struggles before it is finally taken to be listed in the market. I strongly believe and trust that, given due space of time, KTC will steadily grow and perform. (TBC)
We refer to the Company’s announcement dated 1 August 2016 wherein the Company had announced that its wholly-owned subsidiary, Kim Teck Cheong (Borneo) Sdn Bhd (“KTC Borneo”) was appointed as the distributor of Procter & Gamble (Malaysia) Sdn Bhd (“P&G”)in Sarawak with effect from 1 October 2016.
For information purposes, KTC Borneo and P&G had previously entered into a distribution agreement on 17 September 2015 wherein KTC Borneo was appointed as a distributor of P&G for its products in Sabah with effect from 1 July 2015 until 30 June 2017.
To give effect to the above, KTC Borneo and P&G had on 30 September 2016 entered into a supplemental distribution agreement to expand the distribution territories to include Sarawak and Brunei (“Supplemental Distribution Agreement”).
The Supplemental Distribution Agreement is entered into in the ordinary course of business of KTC Consolidated and does not require any approval.
KTC is on expanding mode. Management is trying hard to get distribution licence to generate more revenue and income. Basically it has monopolised distribution channel at East Malaysia. With commitment from management (established for 30++ years) and more distribution licence coming, ktc is among the future star that we should keep a close eye on.
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....
Machho
412 posts
Posted by Machho > 2016-09-03 23:30 | Report Abuse
I alrdy sold all my 110 lots