@tkl88 There's a reason for the target price, yes surely they also wanted to buy lower but I think you're very underestimating the effect of Covid to the airtravel.

in 2 years, I can guarantee not all air passage way is opened, opening borders during pandemic is a serious thing and most countries are now busy focusing on local issues, AA might not even be green yet by then.

Even before the pandemic, AA has been on a downtrend because they were underperforming and drifting around RM1.70, now you expect +500% to 1000% in 2 years? you mean like RM2.5-RM5 price in two years? what are you smoking?

If you say 5-10 years, then I can still assume that is logical, if it was a good investment, Mr Warren Buffet, the most successful investor who loves airlines would have bought some.

I'm also planning to buy, but at a much lower price and I don't have imaginary expectation like yours, the company could go bankrupt and I could lose all my money, I'm a realist and I will buy a small portion equal to the risk-reward in long term. This stock is quite a gamble, without any 3rd party to come and save AA, its doomed.

Just look at the price target, the latest price target is around 2.15 to 2.36 , last quarter they put target price 2.8 still people didn't buy, now this new price target might not also last long, the downtrend will continue.

PE ratio now 20, coming quarters will drag the pe ratio even higher if price remains around the current price.

I believe there's no need to rush and buy yet, just wait and accumulate slowly on the way down.

I see improvement, the losses are being mitigated. POS says by 2021-2022 they will finish their transformation plan and turn profitable again. But its a better than expected result already, I'm sure we'll be seeing green sooner than expected!

Patients people, its progress that we want, and its progress that we get.

Wow, I know it was going to be a bad quarter, but from the average of 2.500-3000 Million revenue down to 118 Million revenue, that is really a huge blow. 95% drop!

Expenses for AirAsia even after cutting cost stands at 800-1000 Million.

So if the next quarter if AA can't come out with at least 1.5B revenue, I don't think its going to be green.

And by the looks of it, as long as all international borders are closed, especially in the Asia region, there's no way for AA to break-even, or reach 1.5B revenue

No help is coming at all, if banks, government and whales are to help, they first wanna see AA lick their shoes first, right now they don't think AA is offering any good deals for them yet, and they know AA will not recover any time sooner, especially not in 2020 or 2021.

I'm going to place a lower order for AA before holding any, maybe below 0.40 cent. Those who are in green or minimal loss right now, I advise you to cut loss while you can.

@Truly keep doing your job, we all know that you scare people so that you can buy cheaper, if I don't wanna buy a stock, i won't waste time everyday come scare people, simple logic, no need brain also can see.

Friends, don't worry about the price, what's the most important is we see changes being taken to overturn the table.

1) Mail delivery making losses - they increased the rate by more than double. Ofcourse people are using more email rather than letters for bills, but this is a big rate jump, I'm sure it can cover the losses in this segment that they have been making before.

2) Logistic, Aviation and International making losses. Total amount of revenue from this segment is 31%. This is a bad news since many operations have come to get halted due to Covid, but this is not a permanent damage. Unlike air travel, products chain need to go on sooner than people can travel. It will recover before you can book your flight overseas.

3) Courier, is a very promising segment that has a lot of potential and probably makes up for about 50% of the revenue now. Since Covid, POS has experienced a double increase in the amount of parcel they receive, they have also actively improve a lot of things to dominate the sector like more automations in their warehouses, more transportation, bigger network and most importantly, increase in rates. And Poslaju actually have the best rate and most accessible for everyone.

There's a lot of sellers that open account with gdex, J&T and many other courier names but the rates are ridiculous and some areas these couriers cant send. This is not the problem with POS, thus they will remain dominant in this sector and will always be first choice for online sellers.

Think about it, POS have the network, they're accessible, recognized and easy. Their biggest problem is their cheap rate. But now they've changed the rate, so the worst is over. Whatever problems they're having with covid, will pass away, but the increase in parcel will probably be permanent as people get more used to buying online more than ever. Nothing to lose, won't go bankrupt also as its a government-backed company and have more than 3 Billion worth of asset. and the current market cap? 688Million, sooo undervalued.

Buy now, and wait patiently, I'm planning to hold long term, get dividend and watch it recover to new all time high slowly over the years. Some part of me wishes for it to hit RM0.7 also so that I could buy more, but there's already someone doing the scare people job for me, everyday post say price will keep dropping, well thank you for helping me collect cheaper.

See you guys at the top guys, those with weak hearts, don't buy this stock.

I'm a tenant in Central I-City Shopping mall. I own a 1005 sq ft shop there.

Here's my opinion about this stock -

1) The Mall is about 80% occupied, while the 20% might not get any tenant for a few years due to Covid which makes businesses feel not confident to open one. So 20% loss of income there.

2) They gave rental rebates to us (thank you). But that means lower revenue for them Q2.

3) They don't have any property left to sell currently, hence the low revenue.

4) Office tower is opening in probably a few months later but its work-at-home now, so its unlikely they can get any returns sooner.

5) The management is struggling with many problems, and I have to say they're quite chaotic.

6) The mall have experienced low visitors count, usually sunday saturday no parking, now still can find.

7) One of their biggest revenue generator beside property sell is the Theme Park. After a long time they didn't open, now there's even less visitor than ever before.

8) Q2 will be devastating, negative income for sure. This damage could persist for one or two years before iBhd could recover and reap their rewards.

9) Hotel will probably need 2 more years to complete, and if international flight is still a problem, then the hotel will be in deep trouble because most tourist in i-city are foreigners.

10) This might be penny stock, but price per unit doesn't matter, what matter is the market cap and pe ratio. Currently the market cap and pe ratio of iBhd isn't attractive.

I believe this is a good stock, but not at the moment. It is good for long-term

Short term revenue already dropped for 5 quarter consecutively. and will probably continue on.

Buying below 0.15 all the way down to 0.1 slowly would be a good move.

In long term, Golden Triangle of Selangor, with its prime location, if iBhd keep making strategic projects they could be as close as Sunway.

No need to buy now, chill and wait. The global market is overstretch by the way, when they do a big pullback, malaysian stocks will get hit also regardless of how good is the stock.

Just like when covid first comes, even glove go down eventho people should be buying them.

Make good decision friends.

seeing price this high up, even the Japanese boss is starting to sell his stock, and these people are still buying. Really gamble without knowledge

Padini been going on a downtrend for many weeks, so today it bounced back up to 2.30, this bounce is expected after a long downtrend.

But you don't see any big players buying in big amount yet. They all know they can get a better price below RM2 when Q2 comes out soon.

Let's be patient and collect it when it gets much lower.

So many say buy but doesn't even understand simple balance sheet.

AirAsia went into PN17 in just one quarter, usually other companies takes year to bankrupt till PN17.

Now how many months already, still no banks willing to help, government also dont want, because they know even if give loan AA might need even more or cant pay back at all.

AA say can survive if get loan because they predict things will 100% get better soon, but you see there's 2nd wave, then what if there's 3rd and 4th wave also. International flights gonna take forever before it is open again, domestic wont be enough to cover the losses.

There is still a looong way of pain ahead of Airasia, Bursa already give 1 year time for AA before they going to delist it, so if you wanna buy and gamble, better buy at lower price, at least 0.50c and lower

Think about it, if you're the loan giver, wouldnt you want to wait for a clear road for AA before you give loan so that you get all your money back?

Its best that we avoid AA for a while, buy again when hit 0.50 and lower, dont be surprised if it even goes 0.30-0.40cent

I'm trying to understand why texchem fly today, yet I can't see anything. weird, simply blindly goreng.

From what I understand is

AirAsia is in dire situation, and so Rafidah is trying to intimidate the government by telling them that if AirAsia falls, it'll does a big damage to the Malaysian economy as well.

Banks doesn't want to give any loans, so now AirAsia try to play with government again to bail them out.

Will the government respond positively? we don't know that, we've seen the government spend money on MAS, but never on AA.

Is this a call to buy? I don't think so, its no good news, simply intimidation.

I believe we're still going to touch 0.5 and below between Q2-Q3

The article is very informative. Thank you @finplan

Let me give an example of another tech company - Gpacket.

It doesn't make any profit for many years as well, but investors see progress, see products, see effort.

So investors are willing to put money in despite losses, the market cap is RM500 million, that is a very big amount for a company that doesn't make profit, but because there's a consistency in progress, dedication, that's why investors stays.

For Fintec, the market cap is small, RM100 Mil + , so its easy to move it limit up or limit down. As for why the market cap is small, its because no serious investor are willing to invest long term in this stock. If this was a great tech stock, even if no profit, people are willing to buy till market cap RM500 Million like Gpacket.

I did some research about this stock, here's my opinion.

This company is an investment company which mainly invest in many tech-companies. Based on the company name, summary and business goals. It all seems like a perfect company to invest, it is proven that technology companies usually makes the most profit among all others.

It is normal if they don't make profit for 5-10 years or even more, because people are willing to invest and hold. Just like apple, amazon, microsoft, and many other tech companies that took many years of lost before their products becomes a sensation and make huge profit. It takes a long effort before the tech are marketed and becomes profitable.

BUT

After spending few hours into Fintec annual reports, subsidiaries, and their products and service.

I got to say this company doesn't have a bright future. Take one of its biggest sub-company, NetX, the main product of NetX is GemSpot. Have you downloaded the app and seen how awful it is? It is suppose to be like FoodPanda but its nowhere like that, its been out for 2 years yet it takes 1 year for the admin to even reply a review.

I've looked into all of the tech companies under Fintec, Its all very hallow and like dummy companies, pretending to do work but actually it not, their main profit investors money, as long as they can keep this "we all can be rich" act, people will keep pumping money and they will keep spending for themselves.

Tech is all about diciplined, dedication to their work, and most importantly progress, and there's no progress in their products for many years.

My conclusion, this is a dummy company, along with all its subsidiaries. If you're in profit, get out now, and if you're thinking of buying, dont.

Sorry for those who sold yesterday, today up 18%

@BullRUN2021 My friend, I'm a long term investor, so I don't glue myself to the chart everyday and keep following this forum, regardless of short term impact, I'm in for the long run.

I have just a small portion in this stock, because tech stock could worth nothing, or worth at least ten times. In picking tech stock its best in looking for their development progress, and i see that gpacket is one of the most persistent, unlike NetX with its rubbish app.

Just put a small amount here and leave it, by the time a great news come out, we won't be missing the limit up.

I've been a short term trader for 3 years, i've made 300% returns thinking i can guess and time the market well, close here, open there, scrap the profit, until some trades, i lose almost all, like gamble.

Then i've been long term trader for another 2 years, hold stocks for more than a year. now also still hold, I'm about 240% up now on my portfolio, if plus dividend, i think almost 300%. A slow one, but safer.

90% of investors lose money in stock market rather than gain, the profit they enjoy is just for a while until a pullback/bear market comes, they lose it all because they try to be smart and move here and there.

My advise is to invest fundamentally, the easiest example is in bluechips like Maybank, but I know its boring and you'll probably just get 200% return in 10 years, so go find fundamentally strong companies that are undervalued and invest in them regardless of how many try to scare you.

These people that comes in and predict low prices without valid reason, we would be dumb if we believe them, they simply come everyday to scare cause they wanna buy low.

To be honest I've begun collecting since today at RM2.05 in a small portion, will keep on buying in bigger quantities as it slowly goes down to RM1.50

Trying to time the market is a tricky thing, its proven that buying slowly on the way down is the best method. No one can predict when it will bounce, nor how deep it will go, but one can know that the company won't go bankrupt and will strife higher in the long term.

Regardless of how cheap we can buy this stock right now, All I know that in 10 years time, dividends might have paid for my capital, and the price might be RM10 or higher by that time.

Nah, things are bad for Padini, but it won't go bankrupt.

Covid is hurting all apparel stock businesses, but if you walk in any shopping mall, padini still have the most customers compared to other apparel brands. So if there's some apparel company that would go bankrupt its definitely not Padini.

Infact if the others go bankrupt, its good news for Padini, less competition.

We all love Padini, admit it, but we want the right price to enter.

If you really can't wait, then buy at RM2.0, long term you still win.

But to optimize the profit, better buy at RM1.5 and maybe lower if there's chance.

Those analyst and many big sharks are stucked holding this stocks, so they will always say Padini is oversold, don't trust them, not until balance sheet and quarter report prove otherwise.

Relax, its uncertainty, hence why the selling in Muhibbah.

Once we get a real access to the business damage and recovery road, we'll bounce back. Investors hate uncertainty, that leads to selling aggressively until oversold.

By the time you panicked and sell also, its probably already the dip. So its better you hold.

We're already oversold and I'm buying more. Muhibbah have strong cash balance, good dividends even in rough times and i sure believe they'll recover.

This stock is for patient investors. This is a one of the top tech stocks in Malaysia, they might not have a profitable service offered yet but I can clearly see that there's discipline and persistent from them.

This alone is enough to keep the investors to keep pumping money despite them not making any profit for many years, because this is what happens with Apple, Amazon, Tesla, they keep making losses until they manage to finally conquer something. Then the price shoots up more than a hundred times.

If you're looking for short term profit, like in a few days or months, you can get out of here.

just as warren buffet says, if you're not willing to hold a stock 10-20 years, don't buy it.

Don't touch this stock, not until it goes below analyst target price. Its a big gamble, if no savior comes, you get all your money liquidated. If savior comes, might survive

POS themselves said they will not be profitable until at least 2021-2022 and this is said during 2019. and analyst put price target 1.55-1.7

Now analyst are predicting end of year will break-even, means first quarter next year will be profitable.

Doesnt that sound like POS will be profitable faster than predicted?

So target price 1.55-1.7 should still be valid. Buy the dip! This is a good business for long term, plus they pay good dividends too

Give 2-3 years to POS and I think the price is likely to be back to RM5, that is 5x return from now! Buy and hold long term! Dont miss this!

Some people miss their buys because wait too long, now theyre trying to scare away others, lol. There's only upwards from here on, I've made a lot of points last few weeks, there's more signal to buy than to sell. Don't be scared holding POS, just look at Gdex with 90 pe ratio, thats how much people are willing to pay for courier company.

Weakening MYR against RMB, this makes cost of products increases for Padini.

99% of Padini outlets are in shopping mall. And they were closed for more than a month, and might still have to pay for rentals, salary and other expenses.

They note that Raya sales were record low, much lower than 2019. Same as chinese new year sales also.

Analyst are really underestimating the damage done to Padini by forecasting only 11% drop in sales for this year. That is like saying there is still more than 90% customers crowding the store all year round.

Analyst also believe Padini would do well with their online stores. Im afraid they know nothing of e-commerce world and how hard it is to drive traffic to their website. Mr DIY opened their online stores for about a year now, yet less than 5% of sales are generated from their online store. Plus apparel is best sold offline as you need to try to get the perfect size.

I'm sure we all believe that in long term Padini would do well, but that might take 1-3 years to recover back. So until then, we still have a long way down.

I'm expecting PE ratio of 10x at RM1.50 or maybe worst.

Stay calm, a lot of investors are looking for quick returns. Muhibbah on the other hand is very uncertain right now, especially with airport traffic in record low and disruption on energy & contruction business. It is no wonder muhibbah price is currently this low. But usually all this bad news has leads to the stock being oversold, undervalued.

But don't look at short term, look at 1-2 years later. Muhibbah has always paid its investor a hefty amount of dividend consistently, that shows they care for their investors. And I really love their cash balance, low debt, and business strategy, they're consistently growing at a safe pace.

No matter how much loss you're having by holding this stock, don't sell it, because it will bounce, might be later than we expect but still it will bounce and get back to real value above RM2, while you wait, enjoy the dividends.

Don't worry, the worst is over, starting from now its all about recovery in POS. Whatever dips you can find, you should buy it.

UMW are a BUY.

1) Toyota is one of the best selling cars, UMW doesn't need to do the marketing, just look at Toyota Japan, even during Covid, do you see the price dropping? No, it is steady, toyota is a very steady brand.

2) Perodua, the best selling cars and UMW is the biggest shareholder. We all agreed during this economic uncertain times, the only car that we won't doubt that would still be selling is perodua, it is now and always will be the cheapest and affordable car for Malaysian.

3) Check out the transaction by the big boys, there's more buying than there is selling. They all know this is a bluechip and there's nothing to worry about it in long term.

4) My father in law works as a service advisor in Toyota service center. These past few years as Toyota sales were dropping, their staff hasn't gotten a bonus, management changed, the new management is very strict and pushed the staffs. This might be bad for the workers, but for investors we're seeing transformation under pressure, at the end of this UMW will be back to its former glory and keep making more profit.

Im sorry for those who got scared and sold, especially because yongch scare you. I already told you many fundamental reason why we should be buying and not selling. Its still low right now, as long as price is below 1.55 is it still cheap. Buy and hold guys!

I'll give you simple math as of why POS is here to stay.

e-commerce is booming, and we're talking bout small sellers, starting business, and what courier do they use? its poslaju, because all the other couriers cant send to rural areas, need open account, hard to find their outlets, and pricier than poslaju. Poslaju is will always be the number one choice, regardless of what people say, Poslaju is overwhelmed by the amount of parcel they receive, is that bad for business? ofc not, they got demand, and they're spending a lot to keep up with this demand. And when its time for them to reap out their reward and collect the profit, all investor will want a piece of this stock, by then you might be too late. This is the time to buy it, not sell it, long term nothing to worry, e-commerce will keep growing, and Poslaju will always dominate

KWSP could have dispose in a big amount if they think its hopeless, but instead they do it in small amount slowly, to scare away small investors, by the time they buy back, you can expect its 10x more than what they dispose.

I dont mind seeing the price drop everyday, i get to add more and more, currently sitting on 10,000 unit, i can go up to 100,000 unit if it keeps dropping, really nothing to worry about, they have been making losses for almost 2 years not because business is doing really bad, but mostly because they're heavily invested in their transformation plan to an even better profit.

Go ahead and sell more, im eager to buy more, when pos fly again, then you'll definitely regret it for not holding or selling.

In my oppinion, Muhibbah is a long term investment. Here's what I think.

1) It is currently very undervalued. Even its subsidiary company - favelle favco have a larger market cap.

2) All bad news have been priced in, everyone already know this year going to be bad, this is certainly is discounted price.

3) Cambodia have one of the least cases of covid in the world, it'll be just a matter of time before tourist flocks the airport again, hopefully by 2021.

4) Muhibbah dividend track record is very promosing, they often reward their investors, we don't have to worry if we hold this stock for a long time.

6) This company has one of the biggest cash balance, it will help soften the blow by covid, and definitely they won't go bankrupt.

7) 400M+ market cap is definitely small for a successful company like Muhibbah.

8) Muhibbah is business record looks very strategic, always doing good decisions, like acquiring favelle favco. The airports might look like a bad decision, but who would have thought a pandemic would come, plus it will still be a profitable investment as they'll keep on generating profit till 2040 at least.

9) Analyst keeps their price between 1.15-1.35 in their latest research even after acknowledging the airport revenue problem.

My conclusion. This is a bluechip that is oversold, a stock that you can hold forever and sleep in peace. My advice, buy and hold.

In my opinion.

Even dummies would know that Q2, and in fact the whole year would be terrible in terms of revenue and profit. And so it would be wise to think that all the bad news are already priced in.

This company is accused to being political, but so far there's no proven allegation yet, it is simply accusation and it will go away.

look back at the trading price since 2008, its always around around an average of RM0.70 and has never even once posted a loss, its always profitable even a little. And the revenue and profit is way better nowadays than 2008, yet it is trading far away from its average.

There's plenty of points as of why to buy this stock, I'll make it simple.

1) Company has never made a loss.
2) Real estate company is always uncertain because it depends on projects, but every now and then, there's always a project and there will be always more.
3) Whenever there's a project/contract announced, price will spike up, so when is the best time to buy? when there's no project yet, like right now.
4) It is currently trading at 0.28, way far away from 0.70 average.
5) Pe ratio 2.8
6) Healthy cash balance, more cash than debt, even if no project for more than a year this company won't go bankrupt.
7) Market cap under 100M, small cap like this, if people start buying, you can expect 30% increase in a single day.

I invest in this company for long term, when people become irrationally fearful, run without any solid reason, that's the best time to buy this stock at a superb discount price. I'm not looking for any returns this year, but give it 1-2 years, I bet this stock will be at 1.0 and above eventually.

I'm running an e-commerce and physical store brand for 10 years, here's something i noticed.

1) Poslaju and Gdex is the only big courier name that is tradeable in Bursa.

2) When Lazada and Zalora launced, Gdex was their courier, but due to bad performance, Lazada stopped using Gdex, Zalora too eventually stopped manking Gdex their primary courier.

3) It was between Poslaju, Gdex and Citi-Link back then. But now there is about 10 big names.

4) After 3-4 years passed, Gdex passed its glory days (when partnering with Lazada, Zalora). Now you see their quarterly report, getting bad.

5) Gdex unlike Poslaju, doesn't have many accessible office for normal people to courier their products. Gdex is more about contracts and registered account, its not public-friendly, and thus it doesn't get the full advantage of covid19/e-commerce boom.

6) Currently a more reliable courier company is J&T, accessible to normal people and backed up by china, well you know how china does business, it'll succeed.

7) But we know there's little room for couriers, who will dominate the scene? its usually 2-3 courier companies only for one whole country.

8) Maybe Gdex can be top 3, but not with the current playstyle.

9) Poslaju on the other hand, have outlets everywhere, accessible for everyone, certainly will remain number one for a very long time or even forever.

Poslaju is undergoing transformation plan, they changed rate, uses more technology, cut expenses and many others that will be completed by 2021, until then they wont be profitable, its what they said. And this is announced by the end of 2019. And analyst put price target at 1.55 because of that.

Now covid19 comes, e-commerce boom, gold business boom, poslaju benefits from that. Maybe more losses from their aviation and mail service but surely can be soften or offset by the benefits. But analyst say target price 0.9 now.

What has changed? is covid effecting POS that bad? nope, its either nuetral or positively effecting POS. so price target of 0.9 actually doesn't make any sense, its suppose to stay at 1.55 or above it. But people get tricked, now POS price is stucked lower.

But what happens when pos start becoming profitable again when 2021 transformation plan complete? Gdex is currently on 92 pe ratio. Seriously, its like you guys are willing to pay 9x times the normal price

If poslaju were to get back to normal profit, and be at 92 pe ratio, the price would be more than 20. Right now? 0.89 cent only.

For all Gdex investors, you're in the wrong boat. You can take or ignore my advice, but I've gone to every courier office every week and keep track of them because of our e-commerce business. And I know POS is way undervalued right now, and Gdex is way overvalued.

Oh yeah, look at the market cap. Gdex 2Billion, and POS at 700Million, doesn't make sense my friend, think fundamentally, do your research, don't trade by emotion or you'll lose it all.

People say poslaju is bad, delivery very late, and these comments mostly pop up during covid, why? because they get more than twice the number of parcel. I've been dealing with courier company for more than 10 years, and I have never seen a courier company gets more positive review than negative. All courier company are bad when they get too many parcel to deliver.

Since poslaju is the number one courier, we hear about poslaju the most, it gets viral more easily, and so it scares investor, but they all know courier company is one of the best investment, so what they do?

they all run to Gdex, see the pe ratio for Gdex right now, 92! 9x times than normal, this is like a glove counter already, thats how desperate people are looking for courier company right now.

Imagine when pos becomes profitable again, they would come and pump it till who knows how high, 5? 10? 20?

And believe me, Gdex isnt leading in logistic by any means, there's a lot of other competitors at the same level as Gdex right now, because Gdex is only account-friendly, not for every customer.

I dont see anything to lose by investing in POS, hidden gem for long term, i'll hold till its back to former glory

if someone really think this stock is hopeless, they would leave one comment at most and leave the scene. But yongch keep coming back everyday to scare investors, so its obvious he gain something from this, the lower the stock drop, the more he collects, its simple old text book trick, like what analyst like to do, scare people for them n their friends to buy low. yongch doesnt even provide a solid evidence to back up his thoughts.

buy this stock, and wait for Q2 rssult, and hold till mid 2021. you wont regret it, POS has never been this low, this is once in a lifetime opportunity, and everyone knows logistic is one of the best industry to invest in right now

As someone who have been a poslaju customer, my business sends more than 100 parcel everyday. This is my opinion.

Bad Indicator -
1) International delivery and mail delivery will continue to cause a big loss to POS during covid.

2) Rising competition, like J&T, Gdex, and more than 5 other big names.

Good indicator -
1) But parcel delivery and Ar Rahnu(gold business) will make better profit during covid.

2) POS has increases rate for almost all of their services, this is a good move to mitigate the losses.

3) e-commerce are booming more than expected, based on many reports, the amount of parcels increased more than twice. Every logistic company are overload currently. All of the couriers are getting whacked by bad reviews due to this that leads to late deliveries.

4) POS already invested in automated sorting and will keep doing so in more and more warehouse. They even added more warehouse.

5) POS is already undergoing transformation plan that will reduce expenses drastically, use more logistic technology, and increase profit, that will complete in 2021.

Lastly, before Covid19 comes, analyst already know POS going to make losses, even POS says so that they wont be profitable until at least 2021. And they put target price at around 1.55 because of that.

Now Covid19 already come, analyst put POS on 0.9 target price instead. What has changed? is covid19 effecting POS that negatively? No, its either nuetral, or positively effect POS, so the target price should still be 1.55 or more.

0.9 is way undervalued for POS when the business isn't negatively effected + the transformation plan that will complete in 2021.

Don't be tricked, now is time to collect, not sell. Once POS is back to profitable and keep making money, even getting back to 5.0 in long term isn't a dream.

Its good to be optimistic, but I wonder how many people are willing to hold their ground in short term (1-2 years). PoHuat already warns.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture...

Once PE ratio isn't this attractive and dividend got cut, i wonder how many will run and price will likely test the bottom again.

Its good to be optimistic, but I wonder how many people are willing to hold their ground in short term (1-2 years). PoHuat already warns.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture...

Once PE ratio isn't this attractive and dividend got cut, i wonder how many will run and price will likely test the bottom again.

Its good to be optimistic, but I wonder how many people are willing to hold their ground in short term (1-2 years). PoHuat already warns.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture-exporter-poh-huat-warns-of-bigger-covid-19-hit-in-second-half

Once PE ratio isn't this attractive and dividend got cut, i wonder how many will run and price will likely test the bottom again.

Perhaps in long term furniture sector will do well, but for this year it could be very uncertain. PoHuat already warns, so expect it will be rough. I'll wait for pohuat to go back to 1.0 and below.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture-exporter-poh-huat-warns-of-bigger-covid-19-hit-in-second-half

I agree with investor9999, Q2 is going to be rough as the biggest revenue sector(restaurants) for texchem gets hit the most, industrial gain isn't going to cover the losses, its just a matter of time before it hits around 0.40 again.

I would like to share my thoughts, seeing the low market value and its a tech company which usually holds big potential, i did some quick research.

The main service/product from this company is GEMSPOT, try downloading it, and read the reviews too.

I find that this app isnt anything new, its way behind from its competitors, and a lot of negative reviews that tell you how bad it is.

Most/half of the positive reviews are fake, like "good app, very friendly".

Even when this app is their main product, it took them almost a year to reply each review (not many, just around 300 review after a year+ of launch), this shows a bad management.

If anyone believe that this app is going to overtake grab/food panda, be my guest, because all i see is bad track records, there's no hope for it.

For new investors, dont let the 0.010 price per unit fool you, it doesnt mean a thing, they also have announced to combine every 50 shares to 1 unit. Not really a good news either, i see more potential of sliding down after this move is taken.

This company have been here for like how long, 10 years? yet no achievement, didnt invent anything new, when copy also did not work. Tech is a fast paced business, if you lag a bit, you'll never catch up, and netx seems very behind.

so based on my opinion, i suggest you all avoid this stock.

I think the biggest concern is when the contract expires next year, and if the government gives the renewed contract to other pharmacy, gg for this stock. So its a big risk

Btw, 0.94 seems to be a resistance based on graph, so getting out somewhere close to that might be a good move

I agree with investor9999 points, i have 90% returns right now from Texchem, thats good enough, im getting out. Q2 is going to be rough, globally.

Thanks for the recommendation by calvin also.

Ok thanks, i guess i'll just hold what I got. Food division will get hit hard, we'll see if the other division can cover the losses or not. Profit margin is my biggest concern, for a company that is consistent is making sales for more than 10 years, the operating margin is so awful, making more than a billion each year yet cant squeeze profit, on the other hand they're not making much loss also. The reason this stock is in my portfolio is for the industrial division that benefits from this situation, i got no worry bout food division getting back to normal revenue. So this stock is worth a small chunk of the portfolio to hold long term. Plus i do think its undervalued, no way you can find a company with 1b+ revenue with market cap 50m-70m, little to lose here.

I have to say, good recommendation on this on Calvin. I thought of collecting another 10k at 0.40 but it seems that it might be too late now.

Now what I want to know is, whats the news that made this stock surge so much today? if there's a concrete news, I might buy more.

So far I find none, just speculations

I'm an owner of a shop brand in many shopping mall. When covid19 hits we had to close all of our shops for quite a long time, I barely made it thanks to the support from my online business, which i started building long before i had a shop in shopping mall.

I was interested to invest in Padini, but knowing the damage that had been done due to Covid. In my opinion, don't buy it yet, not until it goes below 2. This is a popular stocks, and so there's a lot of people buying without analyzing the damage properly.

This is my points -

1) Padini ranked #2,303 in Malaysia site ranking. Let's compare it with Zalora, the biggest online fashion market in Malaysia, which stood at rank #70 in Malaysian site ranking. This means that Padini isn't that popular online. So don't expect the sales to be anywhere near sales generated from physical stores.

2) Recovery takes a long time, Covid is suspected to persist for many years, and this new norm include shoppers UNABLE TO TRY OUTFITS due to hygiene and safety (Covid). They can't crowd the store anymore, and shoppers at the mall are always less than 80% from normal crowd.

3) Padini are heavily invested in physical stores, regardless of their sales, they have to pay the rentals, staff salary and other expenses that kept rolling.

4) For two or three quarters Padini is expected to suffer losses instead of profit. Revenue are expected to drop around 50%.

5) Even with higher cash balance, assets, it is offset by large ongoing fixed expenses.

6) If there is a second wave of Covid, Padini is among the most susceptible to it.

7) Currently global market rally have been overstretch, this include malaysian market, if a pullbacks happen, Padini have a good chance to get pulled down as well.

8) Padini is investing in online business now as a desperate attempt to recover, but as someone who's been in online business for a long time, it would require a long time before Padini could get to top #1000 site in malaysia and not anytime soon.

Based on my opinion, Padini fair value should be around 1.5 - 2.0