Confident statement in their recent press release. Excerpt as below.
Looking ahead, Mr Loy said MN Holdings is optimistic with the current FY24 performance as a few of the data center projects awarded to the Company will be completed, allowing the Group to recognised substantial earnings contribution from these projects. “As at 30 June, MN Holdings order book stands at RM337.67 million. These secured contracts are expected to positively impact the Group's earnings over the next two to three financial years, barring any unforeseen circumstances,” he added.
@kfliau, I'm no expert either, but personally I'd hold for a while if you're already in.
1) strong orderbook (how much really translates? I don't know). Plus the management seems to be confident in their guidance for the next 2-3 years. Side note, director has been buying back shares recently?
2) P/E - well that's a factor of growth, isn't it?. If the company continues with strong EPS as per previous quarter, it would be what? 36 sen at 10PE? (looking at forward PE, of course - as you know, stock prices reflect forward earnings - take tech companies for example - of course tech multiples can be astronomical and cannot be compared). Therefore, let's see whether the orderbook translates.
I agree with @trader808 in terms of having a criteria, but if one is in the stock, surely there are some good things you see in it, not only negative right? And if you're an investor, surely you would give it some time before you totally change your opinion, wouldn't you?
3) technically, it is still hovering above the uptrend line. Ideally, this would be the base or even rebound point, but only time will tell.
Yes, trader808 is right, ultimately, it's about earnings. Let's hope for the coming quarters to show positive growth.
To end, thanks again trader808, appreciate your lengthy write up and let's hope this stock delivers.
@trader808, thanks for the tuition as well. Do you happen to own this stock or rather, still have this stock in your portfolio? And does it fit into the criteria that you mentioned above? Perhaps then I can infer the next steps.
Gundabhai is right, nobody has a crystal ball. It’s all opinions.
Fundamentally, I think AAX is not overvalued. Plus, placement at 1.55. With a 10-15% premium on that, it should have a higher base of 1.70-1.80? Who knows? Plus, not many shares out there…easily cornered.
Technically, it does seem like the stock needs to correct. How far does it go, nobody knows. If you’re long term, you shouldn’t panic. On contra, then be cautious, as always.
Cloud hanging over its head is what’s the restructuring gonna look like? Just laying out all to consider.
although fundamentally, I do think it is overvalued, but technically, I must concede that such a long tailed hammer doesn't look nice (indicates a reversal) after such an uptrend. The stock needs a break I believe. I could be wrong...good luck
Those buying with a 1 year view and above, buy now ! For those fearing bankruptcy, what are you doing commenting here? Close shop and go back to the shell you crawled out of. Unless you’re a scavenger or operator trying to buy cheap with your scare tactics.
At top of the market, people buy like lions, when prices have declined 50% scared to buy. Where’s the logic? This is the time to take a deep breath and buy! Don’t listen to these doomsday preppers, they want you to sell to them. At these prices, I’ve been buying QES and will continue to buy more if it stays here. Around these prices, don’t think twice la. Aiyo !
@anthony, well, after a more than decent quarter, an investor would hope for a new base. Therefore, if you take two steps forward, you’d hope for half or one step back. But to take two steps back? anyway, who knows…let’s see
A single swallow doesn't make a summer...so one good QR doesn't prove anything...MI has to consistently bang out good results to convince investors/funds...the price will start moving with one or two more big results...