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Eng Teknologi Privatisation - Quarterly Financial Analysis

Chin Kok Tan
Publish date: Wed, 21 Sep 2011, 09:16 PM
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CK>> Dropped to a very attractive level now, share price closed at 2.11 today, which provide 18.5% potential gain once privatisation exercise is completed. Definitely a good buy with no doubt. Time to accumulate more.









CK>> Q2 2011 quarterly results released on Aug 2011 was quite disappointed. A big dropped in net profit. No dividend was declared by the management if compared to previous year quarter, perhaps was due to pending on privatisation exercise. If dividend was declared, takeover price will be adjusted accordingly, more troublesome.
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1 person likes this. Showing 2 of 2 comments

mikenkh

I do feel the same. Price and time-frame wise it is attractive. In view of the uncertainy and worsening financial climate, is there a possibility of the deal being aborted?

2011-09-22 11:49

Tan Chin Kok

Yep, possible too... Nothing is impossible here :)

2011-09-22 16:59

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