I took this weekend to conduct research for those company plunged more than 80% within 3 years. One of them is Sasbadi.
I identify three main reasons to invest in this company.
The margin of safety is quite high. The margin of safety (safety margin) is the difference between the intrinsic value of a stock and its market price. In this case, I will use accounting book value instead of intrinsic value to fair to my student. The NTA is around 37 cents and now the company traded at the price of RM0.175 (16/12/2019). Risk of reward. Target price of RM0.3cents with recoverable of profit with the current price of RM0.175. Cut loss point at 0.16. You are having a good return on the risk of rewards ratio.
Date |
Duration Contract |
Value Awarded (RM) |
4-Dec-18 |
3 December 2018 to 2 December 2021 |
892,680.00 |
18-Sep-18 |
13 September 2018 to 31 December 2020 |
990,050.00 |
7-Mar-19 |
5 March 2019 to 4 March 2022 |
746,460.00 |
28-Mar-19 |
26 March 2019 to 25 March 2022 |
826,140.00 |
9-Aug-19 |
5 August 2019 to 4 August 2020 |
371,723.80 |
30-Aug-19 |
29 August 2019 to 28 August 2022 |
335,720.00 |
24-Sep-19 |
23 September 2019 to 22 September 2022 |
444,540.00 |
6-Nov-19 |
25 October 2019 to 24 October 2020 |
392,000.00 |
|
Total |
4,999,313.80 |
Lastly, invest at your own risk. This articles merely my own sharing without suggesting buy or sell.
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