Hi Tressele/Charlie, can I get your opinion of this counter 0112-Mikromb? Kena hit almost 30% paper loss...”sad”...so now need to hold it & buy more at low price or just cut loss? TQ
By the way,not talking bad about this company,maybe it’s good or not.But just advising investors to have their independent thinking when making decision,not following buy call and sell call by those ‘sifus’
Review of Group Performance For the current financial quarter under review, the Group posted revenues of RM32.89 million as compared to its preceding year’s corresponding quarter ended 30 September 2017 of RM30.18 million. Despite the increase in revenues, profit before tax (“PBT”) during the current quarter dropped to RM2.43 million, representing a decrease of RM0.4 million from its preceding year’s corresponding quarter ended 30 September 2017 of RM2.83 million.
Overall the decrease in the PBT despite an increase in revenue, were mainly attributed to the increase in staff costs following the hire of additional staff and increase in finance costs.
As at 30 September 2018, the Group’s order book, contracts secured and tenders are as follows:- (i) order book balance is approximately RM262 million; (ii) total value of contracts secured is approximately RM49 million; and (iii) approximately RM214 million worth of tenders still pending. The Board of Directors is of the opinion that the Group’s financial performance for the current year to be satisfactory.
Already have new projects, then KAB hired new staff lah! Its business is growing. MD told at the AGM/EGM recently, KAB will do well even in the recession time.
market sentiment not good , confident level very low , because many of us ( maybe not u) already got hurt , so overreact is quite normal, buy and hold strategic maybe have to do some changes .......
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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....
tressele
1,498 posts
Posted by tressele > 2018-09-28 10:41 | Report Abuse
yuppp. let see if it can really breaks 30c. Where are you Larry?