VALUATION ALSO CHEAP
Single digit PE
NTA RM 2.72
Current asset 1,364 mil, current liability 981 mil

It is a good results.
1) Record high qtr revenue in few years
2) Profit before tax also improved

vs last year Qtr
----------------------
PBT (mil) 35.3 vs 33.9 UP 4 %
Share price(RM) 0.685 vs 1.61 DOWN 57 %

vs immediate preceeding Qtr
--------------------------------------
PBT (mil) 21.0 vs 10.9 UP 92 %
Share price(RM) 0.685 vs 0.95 DOWN 28 %

I think 1.8 sen EPS within expectation (at least not loss) at share price of RM1.29, last year corresponding qtr when EPS was 3.6 sen, share price was RM2.70.

Lembaga Tabung Haji & KWAP have slowly increase shareholdings in this counter but must have holding power to wait oil price form bottom and rebound. This may take some time.

IF PRICE CAN CLOSE AT THIS LEVEL, IT IS A REVERSAL SIGNAL FROM A SERIOUSLY OVERSOLD POSITION. WITH A POTENTIAL ACQUISITION OF A PROFITABLE BUSINESS AS THE STORY, PRICE SHOULD CONTINUE TO REBOUND FOR AT LEAST 2 MORE DAYS (IF TODAY IS THE PIVOT REVERSAL POINT)

IF THIS BUYING ACTION CONTINUES, CHART WILL SHOW REVERSAL CANDLE

LOOKS LIKE WANT TO MOVE. THIS NET CASH RICH COMPANY ALSO OWN A VALUABLE ASSET - 4G LTE NETWORK (HAS A VERY BRIGHT FUTURE). PE IS AT A LOW LEVEL, IF DEDUCT CASH/ SHR, PE WILL BE LOWER. AND PAYS DECENT DIVIDEND EVERY YEAR. FROM 2 SEN LAST YEAR TO 4 SEN IN 2014. VERY SAFE INVESTMENT WITH EXPLOSIVE FUTURE.

JUST HAPPEN TO VISIT IOI CITY MALL IN PUTRAJAYA TODAY AND FOUND THREE CHAIN RESTAURANTS THAT BRAHIM IS RUMOURED TO BUY - PANCAKE INTERNATIONAL, DUBU DUBU KOREAN RESTAURANT (AVERAGE BUSINESS), CHICKEN RICE SHOP (GOOD BUSINESS). THESE RESTAURANTS SHD BE MAKING PROFITS.

Based on news from The Edge, Brahims is rumuored to be in negotiation to buy some chain restaurants which include Chicken Rice Shop, which are profitable based on their recent accounts. This move is to reduce dependency on in flight catering. Due to oversold technical readings, hopefully rebound will start from here.