Good or bad QR results does not matter. It’s a controlled counter, price will move in the direction pointed by major shareholders. Expects warrant to open below 10sen. Take profits whenever possible. Good luck everyone, harap jgn kena cakar.
Agree with @patron broiler companies will be profitable next 2 quarters at least. However in the case of CAB we’re at the mercy of the largest shareholder (family holding > 50%). They will dictate the price. Only way to play this counter is follow trend by big player, don’t be greedy and bear in mind fundamental analysis may not work for this counter. Lock in profit whenever able.
Counters like CAB are low volume to dormant because majority shareholders are not interested in share price. All trades are tightly controlled. If you make money be wise. Don’t be forced to act against your interests.
Warrant exercise price is 63 not 62. Annualising EPS using the best quarter is overstating. Bursa counters doesn’t seem to care much about PE. QL PE is >40. OSK <5 It’s all about goreng. NGNG no goreng no go, after goreng become musical chair.
Usually on 1st trading day of warrants many will dump esp when warrants are free/bonus. Conversion cost is quite high at 63 sen. Mother shares will drop as well. Just remember this is not a blue chip nor hot counter but more like pump & dump.