Intrinsic value is 80sen above. I seldom comment on new IPO but this one is special. It has great potential. Fundamental is there. Compare it with Sinkung which is listed a day later and you'll know.
Farm price 40 cents 80 cents just too much.if market very bullish 60 cents range. Let see early june year 24 then consider.no rushing. 16/5/24 8.22am Farm price
Besides the wholesale and distribution of fresh vegetables, Farm Price also operates a retail store in Ulu Tiram, Johor, selling fresh vegetables, food and beverage products, and other groceries directly to end-consumers
the company has regional distribution centres across the northern, central and southern regions of Peninsular Malaysia, along with a centralised distribution centre in Johor serving both the Malaysian and Singapore markets
Farm price is going to expand its Senai Centralised Distribution Centre with an additional built-up area of approximately 84,790 sq ft, notably increasing cold room capacity from 29,669 pallets to around 40,000 pallets annually upon completion
and also expanding its value-added processing areas to capitalise on the growing demand for its pre-packaged and fresh-cut vegetables, which boast higher margins. Buy and hold it for long run 😊
if sustainable in the range of 38-42 will be good technically..... i think 40 range is a good range at the moment.... market maker might push a little but downwards .... that will be a good chance to fish low if this happened ....
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....
Zachzach
1,259 posts
Posted by Zachzach > 2024-05-14 18:19 | Report Abuse
Wow