Gas Malaysia is cyclical business, same like other oil stocks! Normally the market will not give high valuation on this sort of cyclical business. Once you in profits, must know how to cash out, else will get trap for long!
Go and look at the global market now… as well as your oil and gas price! All downtrend! Did I lie to you all? Out of good merits, I share this unselfishly!
Gas Malaysia Bhd recorded a third-quarter net profit of RM95.66 million, up 53.4% from RM62.36 million a year earlier, on higher gross profit, finance income and contributions from joint-venture companies.
Quarterly revenue increased 34.8% to RM1.86 billion from RM1.38 billion on higher average natural gas selling prices, in tandem with global market prices, mitigated by lower volume of natural gas sold during the quarter.
Checking in here again, top up again in last friday. waiting for the final dividend announcement. Hopefully there is 10sen in final dividend. this stock is so undervalue now
The high price of gas goes down very fast. Q2 MRP drops from 58 to 48. The following quarter will be 42. Coupled with lower volume of gas sold, the support for the price will quickly turn weak.
This year CAPEX over 200 mil. Initially thought the retained earning in 2022 will be paid out as dividend in 2023 but looks like those cash are to be spent for CAPEX. Safe and boring stock with some risk of going down 10% following the moving trend of the gas price.
Hahahahahaha this guy attaaack go spam every counter saying the same thing. the chart looks ugly, may drop to 2.87 dont bother chase the div, it will drop further once dividend out. LOL RUN.
Recent price up has trigger me to sell all my GASMSIA today at 3.60 with 22% capital gain, it took me a long consideration because this stock really stable with high dividend. been holding it for 2 years. My biggest capital gain in this year. Reason to sold, i found a better dividend stock with potentially capital gain too. GASMSIA is still a good stock to hold.
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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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-09-05 13:58 | Report Abuse
Liar