One of the reason why not many institutional investors are not interested in this counter is because it is relatively new, only 19 QRs. One short of 5 years. The other reason is because they were regarded as Penny stock before the 3 in 1 consolidation. The actual rationale behind the exercise. from reliable source, the fund are moving in now.
@Knownfact, I personally don't think its previous penny stock position was the main reason why it didn't attract institutional investors. You can see that many penny stocks have been goreng up & down constantly, but Ptrans was always not under the radar of big players, which seems very strange to me. Also, 5 years is a relatively long period of time for many counters, so Ptrans is not that "new". I think the business model may probably be the issue (i.e. bus stations cannot make big money is the stereotype). Ptrans has released some much good news over the years (new terminals, advertisement income etc) yet failed to attract big players. What's more important, they made a profit even during the pandemic, however, in spite of this, it didn't manage to push the price up much. I wonder why.
I think this one same with hibiscs, even oil price up it still in low price. Sometime u just feel that they are some holder just can't stand the price up, they just throw only, the lower price they throw more, u know lah right what happen .
bus station or transportation counter is not a big category. Not like finance, tech, plantation, glove or o&g. It stand alone and very hard to draw attention from big investors. Hence it is lack of pushing factor that can it under spotlight.
Thrs a good chance for this ctr to continue replucating its business models on other terminals and increasing its profit. But thats not very certain for now. Still entering gradually, building up position. No hurry cuz when it happens, thr is much room for growth :)
Actually if you look to Penta, gtronic etc. They all grow from small to today size, if this counter continue it's expansion path, it just a matter of time. It's management good and also take care of small shareholder too example dividend.
And management is work hard at expansion, first is meru terminal, then is kampar, and after that kuantan, now Kedah, u see these all in short span of time only.
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tksw sifu... 1lotman is bus ticket collector... only know to collect... dunno how to sell... quarterly collect dividend is good enough for 1lotman... 1lotman like dividend... yummy yummy... 1lotman lovin' it
Nice observation! Looks like chance of up is high. Btw, reread public invest 19june 2020 report, it concluded the mining profit is 3 mil per year, around 6%. Think Ptrans will deliver on this venture too.
Thanks Peace99. My simple profit expectation for FY21 is 52m.(4 x last Q profit 13m). That will be 23.8%(10/42) increase yoy. I don't know about others but I'm very happy with that
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tksw
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Posted by tksw > 2021-02-25 15:08 | Report Abuse
jilkak, who go buy up station 840 tikets?