Posted by fearandgreed58 > 2021-03-25 19:14 | Report Abuse

Euro Holdings closed at RM4.99. Amazing for this counter which has no cash, (10,715). Net profit RM5.6m in 4Q end Dec 31, 2021. Saw 10m shares crossed at RM5.03, or 13c higher. Dont understand why bonus shares plan can push share price higher. Anyone with any idea how long the goreng can jalan> Just look at its recent announcement about its prospects following the issuance of the quarterly results. Next Year Prospect -The emergence of the Covid-19 outbreak has brought significant economic uncertainties in Malaysia and international markets that Euro operates. The outbreak had resulted in travel restriction, lockdown and other precautionary measures imposed in various countries that delayed commencement of work and deliveries of products to customers. Management will continue to monitor the situation and respond proactively to mitigate the impact on the Group’s financial performance and financial position. In view of the challenges ahead, Manufacturing Division will continue to improve operational efficiency as to sustain its market share. The Covid-19 vaccination programme that governments of various countries will be implementing shall give the much needed boost to the Manufacturing Division. The programme would open up countries borders and provide the impetus for exports growth. To this end the Groupwill be focusing on growth markets within the Asean and Asia regions. In regard to Property Division, Damai Vista Project is expected to handover in second quarter of 2021. The Division will adopt suitable marketing strategies to promote the sale of the project