Highlights

[PALETTE]: Opportunity for Palette Multimedia?

Author: HoselGoh   |   Latest post: Tue, 14 Nov 2017, 09:10 PM

 

Opportunity for Palette Multimedia?

Author:   |    Publish date:


After the news of Mr. Wong selling his stakes of Palette Multimedia on yesterday adopted as link below, investor rushed to dump the shares like no tomorrow. In fact, I feel that very funny, all sort of comments we can hear off about the company. Some say the company is “Goreng Stocks” and worst some say will bankruptcy and back to 5cents. Is seems ridiculous, right?

Firstly, let us do some homework since the price under correction mode.

1.     Do the fundamental of the company deteriorate?

2.     Someone in the management like the Managing Director or Financial Controller left the company?

3.     Contract termination?

Based on the current announcement from Bursa, the answer is NO. Obviously now, the investors is irrational and offer a great bargain for fundamentalist. It is a great discount from peak 0.515. If not I don’t think have opportunity to buy at low.

 

Same Situation happen on Frontken dated 10/23/2017

I remembered there is once like this situation happen towards Frontken on 7th August 2017, the share price plunge from 42 cents to 27 cents. That time many investors also selling like no tomorrow. However, someone do benefit from the plunge who are willing to buy at discount and the price now is at historical high again. Thanks for selling to us at a discount!

 

Tonight, let us discuss about future prospect and their project awarded in hand. The company is engaged in technology healthcare business and offers high growth based on current financial performance. I already summarize the contract in hand as below. The company is transparency with their project in hand and not sure how many company can do that like them?

 

 Based on the project in hand, we can make some projection that the earnings would be good for the company this year. Highlighted in yellow already recognize in the profit of the year.

To make the story short, let us see the prospect below:

Summary

It is a normal for an investor like Mr W to take profits when he feel comfortable to sell it. As an investors like us, we need to be rational and do our own homework to make judgement whether the valuation of stocks is undervalue or overvalue. If not, we hard exercise own judgement whether to sell or buy a stocks.

 

Once again, I hope everyone are joyful, good tiding, healthy, prosperous!

 

Link:

http://www.theedgemarkets.com/article/myeg-md-wong-thean-soon-says-not-looking-acquire-mui

 

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Labels: PALETTE

Related Stocks

Chart Stock Name Last Change Volume 
PALETTE 0.335 -0.005 (1.47%) 11,730,200 

  Be the first to like this.
 
JN88 Once you writing article and mention about opportunity then i know time to ending soon.
14/11/2017 21:16
HoselGoh I always hunt those stocks in bargain since offered with discount. Make sure you do your own homework.
14/11/2017 21:21
JN88 Cash free company?? Net cash how much?
14/11/2017 21:25
JN88 Frontken when drop to 0.125 that time...Holding 80 million cash and Taiwan division keep going up due to Smart phone.
14/11/2017 21:26
vimediac when this kind of article is out.... trade carefully
i assume there is no FA OR TA to speak of before wong come.
after he left, why you need to talk about FA / TA .
14/11/2017 21:27
JN88 ONLY DA......DREAM ANALYSIS.
14/11/2017 21:28
dxbman Fully agreed with HoselGoh. Total value of contract awarded since March 2017 is 50m. 7.8m revenue was booked on 1Q18 with net profit of 3m. Revenue for 2Q18 is projected to be higher at 12m with forecast income of 4.5m.

EPS for two quarters of 2018 is around 2.11 cents annualized to 4.22 cents. Based on total share issued of 361m, PER for 2018 is 8.4 at current price of 0.355. Very cheap.
14/11/2017 21:32
JN88 Revenue for 2Q18 is projected to be higher at 12m with forecast income of 4.5m.

FORECAST?????? NEVER add analysis with FORECAST.

Value of company should be come from last 5 years and next 5 years.

This counter still need 5 years or at least 8 quarter to prove it value.
14/11/2017 21:37
spiderman49 bo cao cccccccccccc
14/11/2017 21:59
Sunshine it went up from 6 cts bec of wong and that bangali in announcement here. so it drop when wong out.. reasonable right?
14/11/2017 22:45
HoselGoh JN88 your method is suitable for solid and stable business. I'm a high risk taker and I prefer high growth stocks. If I had to wait for 5 years, I think I will miss out a lot of opportunity. Hope you will success in your investing method.
Dxbman you already cover my answer for valuation which I though to write in next article and there is no need anymore. Well research. Thank you.
14/11/2017 22:45
Sapphire tomolo uma ask y big drop...hehe...
14/11/2017 23:24
Alex Foo u want to talk about fundamental...i read their QR, that's the most concise QR i ever read. No info on sales, no trace of russia record, no nothing.

Amazing faith needed to invest in palette.

Try google i-media russia palette, search result = 0
14/11/2017 23:36
Oreo Oreo http://www.unitedcresthealthcare.com/about/
14/11/2017 23:48
Oreo Oreo used russian search engine ,YANDEX
14/11/2017 23:48
Oreo Oreo not sure if it's related or not
14/11/2017 23:51
HoselGoh Yup this is the link. The reasons that I am buying Palette. Thanks Oreo Oreo.
15/11/2017 00:00
speakup Great article.... written by a great spin doctor :-)
15/11/2017 07:37
DayTradeZearth Thanks for the tips. Easiest Trade of my life.
Strong Support at 0.355, Tp at 0.395. Ez scalp Ez life.
15/11/2017 18:30


 

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