The show just start today, why so hurry to take profit, hold it tight :) I believe PECCA will pick up as it has good fundamental (cash rich with good dividend ~5%) to support the rise of it share price.
Post 3QFY18 briefing, we are positive on the group’s outlook. The lower margin in 3QFY18 was an exceptional case due to combination of labour shortage and exceptional demand orders, which the management has sorted out. Sales demand is expected to remain robust for upcoming 4QFY18 on Raya sales campaign and “zerorisation” of GST effective 1 Jun 2018. Management also indicated potential acquisition exercise for RM70m and assured to be value accretive to shareholders. Furthermore, management is also committed a final dividend distribution of at least 3 sen/share by 4QFY18. Maintain BUY recommendation with unchanged TP: RM1.35.
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....
Invest_168
549 posts
Posted by Invest_168 > 2018-08-13 17:05 | Report Abuse
Deeply undervalue stock as most of them rebound and it still lag behind...buy early and keep before it surge higher and higher... :)