maya1301521%!!! Gap up ooo Gap up ooo Gap up HaHaHa
28/11/2018 18:14
jasontan1177wah selling chichken rice so many years ...finally got profit ah ?
Director very excited or not ? hehe
29/11/2018 10:19
Yu_and_MeeThis type of share, after consolidation will drop further. Please don't touch except for real expert.
04/12/2018 05:51
nissanleafshare rationalisation exercise very good to reduce traded price gap of 15% per block.. best still, 3rd national car project coming and GFB has more than 20 parts in their radar
07/12/2018 05:53
flybyHi nissanleaf, I do not understand when you say 'to reduce traded price gap of 15% per block'. Would appreciate if you could explain. Thanks
07/12/2018 08:10
CrapTreeit will turn to 2.5 sen again.... cb counter.....
early in the morning drop 5 sen liao....
12/12/2018 11:24
chermileayam..where r u...pls advise....your dream come true lor....tuju langit
12/12/2018 11:28
DepecheFinally... the new chapter... let's see how it fares.
commonsenseIf you can look pass all the corporate announcement of new ventures and corporate exercises (share consolidation and free bonus warrants) and look at the company's fundamental, Globaltec is still a loss making company since at least FY2013 which is the year after the merger of AutoV, AIC Corp and Jotech Holding. It was surprising to see that the company turn straight away to loss making in 2013 given that prior to the merger of the 3 companies, they actually made a combine profit of RM37.6mil PAT in 2011.
I am not sure what went wrong in just 6 months after the merger. They still managed to make profit in the quarter after the merger but was not as high as before at only RM2.2mil PAT. Then it just got bad in 3Q13 when they posted their first time loses as a new company. Can anyone provide some clarity on this?
I think it is better for those that are interested to wait for them to post a more sustainable profit before you invest into the company. If not, at least wait for a clearer picture on the development of the Tanjung Enim field which is supposed to be the company future growth catalyst according to management.
The last development that i heard off was the completion of the exploratory/test drilling in the Muralim block last week by Nuenergy. I think they are still testing to see how much recoverable gas reserve are in the tested well. There is also another well that they are currently testing but is yet to be completed. This is still not certain in term of recoverability. There could be gases in the 2 wells but might not be financially viable to extract. Hence why i think you should wait for the development of the well testing first before investing in this company.
For those already invested, you need to be prepare to face some market volatility in the short term. Maybe those invested could provide clarity on what are the other catalysts for the company besides the Nuenergy venture.
If you are looking to diversify your portfolio a bit (at least until the result of the Nuenergy test is out), i would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.8x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.
