With your strong support in this forum together with other investors' support (those not in forum yet) , may we wish that the share would rebound to a higher level not long after.
chon99 I wish to reiterate that I will keep the PT Resources for some times . I believe it will rebound to a higher level sooner or later. Let you all carry on with your comments. I will come back later Thank you everyone. Slow n Steady much better, because it's a defensive consumer products. Patience needed:-)
At the price of below RM0.50, PT Resources is a penny stock too cheap to ignore .
I would say PT Resources is undervalued especially with it earning capabilities . If we look at its last quarter report carefully, it makes around RM7.50 Millions that means about RM2. 50 Million per month, not many penny stocks can achieve such results.
I have no worries, even though I bought at an average price of over RM0. 43
If next quarter can maintain such profit or even better, I think it price would not remain at this level.
chon99 I have no worries, even though I bought at an average price of over RM0. 43 If next quarter can maintain such profit or even better, I think it price would not remain at this level
Prediction around #500M: Sales; Net Margin: #6.6%; #25/30M Net Profit. Just a prediction on numbers Only; market is Irrational!?
If we look at the PROSPECT of the PT Resources in the quarter report for three months (from May to July 2022), the Group itself is optimistic on the long term growth for the demand of its products both domestically and internationally.
On the international market, the Group will look for "further increase supply " to 'China' and 'Middle East' in view of easing of global COVID19 on export -import requirements.
This is a part extract of (May -Jul 2022) quarter report. Please study the detailed financial report yourself to have a better idea as an investor.
Unless due to unforseen circumstances, I foresee that its coming quarter results should even be better.
,(Now you see why I have so much confidence in PT Resources)
(Again, this is not a buy or sell call. Just for your reference only)
Hope the Budget 2023 Malaysia's emphasis on food security has a widespread positive effects on all food and beverages sectors inclusive of lower liners.
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....
chon99
1,510 posts
Posted by chon99 > 2022-10-12 12:54 | Report Abuse
Thank you everyone here.
With your strong support in this forum together with other investors' support (those not in forum yet) , may we wish that the share would rebound to a higher level not long after.
Cheers !