Profit drop is due to quality issue - reject means labour and materials burnt , so next Q need to focus. This co. Is auto run , no need CEO which have been rubbish by above guys so well. Look at his credentials no manufacturing track record more like goreng kaki. So don’t expect him to do much. Maybe Singapore bosses can relook , goreng one person running the show another . All existing contracts is carried forward, not source from CEO.
16 months make $730k with a capital of $75 million and dare to make press release. My son need to put in Fixed deposit and sleep at home and can make more money that the whole board of Dnonce. What Singapore brain is this?
Simple analysis the price was steady at 40 cents than the fumble( check all the announcement, it was due to forces beyond control of substantial shareholder , nothing due to operation. Now other major shareholders come in to take up. So go back original or higher as earlier bouts to take control was way higher. Thus you buy now you are acquiring at super discount
NTA 47 cents. Look at announcement , change in substantial shareholder through disposal when there was a crash( looks like margin accounts force sale). From experience l will snap up at this price. Today up 13% l will get Santa Claus gift at this time of the year.