Even Maybank IB Retail Research used P/BV instead of P/E.

Even if you don't use P/Es, you can figure out if the stock is overvalued or not.

The best trader in a country does not check P/Es even for large stocks.

Some top traders do not check P/Es at all even for large stocks.

When I trade penny stocks,I never refer to their P/Es as it's worthless.

You should know that even good analysts have difficulty forecasting penny stocks QRs.

VenFx, you may be a semi analyst working at home, but what you have done is worthless.

net margin of 5%? It can not be reliable!
P/E of 8? You think the price does not depend on its own past prices? Do you know high growth companies have higher P/Es?

Immediate hurdle for Anzo at 26 sen, says AllianceDBS Research
http://www.klsescreener.com/v2/news/view/245225

Maybank IB Retail Research

Anzo’s wholly-owned subsidiary Harvest Court Construction S/B was appointed as the main contractor for the work of revitalization of Hot Spring, Selayang, Batu Caves, Selangor. The project, which is worth MYR10.2m, is expected to be completed by 9 Jan 2019. Note that this is a related party transaction.

With this job win, the group has secured MYR119m worth of jobs YTD, which is equivalent to 9.6x FY3/17 revenue. In May, the group was also appointed as the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development (contract value: MYR109.3m).

It appears that Anzo is aggressively building up its pipeline. Recently, it has entered into a collaboration agreement (CA) to develop a 2.87 acres land at Petaling Jaya into a car showroom center with four blocks of office tower. It also entered into another CA to develop an e-commerce fulfilment hub. In Apr, the group also received a letter of intent from KL Northgate for the development of Paragon@KL Northgate which has an estimated contract value of MYR1.2b.

With a construction order book of MYR311.3m, the CAs and LOI mentioned above, Anzo is set to build a stronger footing for FY3/18. Note that the group has finally returned to black in 4QFY3/17 after 16 consecutive quarters of losses.

Valuation wise, the stock is trading at 1.8x P/BV, higher than its 3-year historical average P/BV of 1.4x. Note that warrants are not included in BV/sh computation as they are out-of-the-money. Despite the rich valuation, interest on the stock should improve going forward as Anzo is poised for a turnaround.
14/06/2017 11:54

For penny stocks it is better to use the price to sales ratio.

Tai KT and VenFx are the same type of people who do not read between the lines.

Check more penny stocks. Most of the peny stocks will be overpriced if you apply your method to determine their prices.

I believe my performance is much better than yours.

Very mediocre analysts cannot make much money in trading stocks.

You brought up an irrelevant P/E. The stock price depends on own past prices. The P/E can not change dramatically. You are like a very mediocre analyst.

Luckily, the construction sector has been booming this year, so Anzo's sales will be boosted by that. It's not like kgroup at all. I subscribed to RI at 0.20. I did not buy the stock at 0.30.

After the RI, kgroup's netprofit was negative.

Small, mid-cap stocks poised to continue growth trajectory | http://www.klsescreener.com/v2/news/view/248921

I don't think they want the stock price to stay on this low price level. They will try to make every effort to push the stock price up legally.

Prime Minister Datuk Seri Najib Razak’s son, Mohd Nazifuddin Najib, emerged as a director of Harvest Court Industries Bhd in 2011.

Regarding a construction contract worth up to RM1.21 billion to develop “Paragon@KL Northgate” in Selayang, Chai owns 24.5% of KL Northgate Sdn Bhd.

I will not buy the stock at a high price, say, RM 0.50, but I'm willing to buy the stock on this price level.

I bought the stock at 0.155. It's not just my strategy to buy the stock again at 0.145.

I will buy the stock more if the price drops. The cuurent price is very safe to buy at. I have nothing to worry about Anzo.

I bought drb and oil stocks when very few people were interested in them. I have already sold them after getting enough profit.

adamant, i'm still very optimistic about the stock. I'm a type of person who wants to buy stocks when few people are interested in buying them.

One thing I'm sure about is that even if I lose money for investing in Anzo, I will not write any negative things here.

Even if I lose USD 20,000 for Anzo, it does matter mach. That's a small loss. I made much more proft this year. Haha

Why is the stock oversold now? That's because the stock priced in rights issue several times, at least 4 times. The stock need to "price out" rights issue at least 3 times. Many people here mislead investors for rights issue over a month. The stock price will move back to over RM 0.20 soon.

On July 2013 Anzo gained enough funding through rights issue. The subscription price was RM 0.25. The entitlement date was 30 July 2013. The stock price was RM 0.23 on 3 September 2013.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=9342

Now the stock price is RM 0.145 with recent many good announcements and the last good QR.
The subscription price was RM 0.20. The stock is too oversold. The stock price should at least RM 0.20.

Tai KT, you focus on particular things, but fail to connect them, so you always fail to see a big picture. That's my impression. None of your arguments show the stock price should stay below RM 0.2

The stock price stayed above RM 0.2 most of the time during the last 5 years. It can stay above RM 0.2 with very bad fundamentals.In the last QR its revenue increased from RM1,691,000 to RM 7,581,000. The stock price does not drop further from the very low price even if the next QR is bad, so it's very safe to buy the stock on thisprice level.

Chai is a managing director of XOX as well. He has been sucessfully managing Anzo and XOX recently. Check the last QR of XOX as well.

Pmaster, just read what you wrote.

Just wait until you hear good news about Anzo. Downside risk is very limited. There are lots of people here who mislead investors. They think they are doing the right thing. Their brains were severely damaged.

http://www.theedgemarkets.com/article/prolexus-rights-share-issue-price-fixed-rm1-apiece

Regarding rights issue, Prolexus subscription price was RM 1.00, but the stock price never fell below 1.34. You can see the above article.

Anzo subscription price was 0.20. But the current stock price is 0.145, so those who subscribed to Prolexus rights issue got profit, while those who subscribed to Anzo rights issue got loss.

The stock price is close to the lowest during the last 5 years. Everything has been priced in.

Don't sell the stock until you hear good news about Anzo! Good news will boost the stock price greatly.

The stock price was RM 0.26 on 7 June.
The stock price dropped 44.2% from 7 June to 23 June.

Too oversold.

The stock has no problem going up to RM 0.17 in a day.

I don't think it will hit RM 5.60 within 3 month, but after hitting 5.04 = 5.6*0.9,
the stock price is likely to be bounded in a range.

Dufu
http://www.theedgemarkets.com/article/dufu-may-move-higher-says-rhb-retail-research

This is a construction stock. You can expect some announcements near future. If we hear good news, the stock price has no problem moving up to RM 0.26 soon.

George Kent

23/06/2017 TP 5.60 +1.64 (41.41%) BUY HLG
https://klse.i3investor.com/servlets/ptg/3204.jsp

Check Dufu.

The downside risk will be very limited after news shares for rights issue were listed today.
Start buying the stock next week!

Pmaster, Congratulations! Worst forecast in this forum

Anything can happen temporarily. But it will not last for a long time.

Don't sell the stock at the current low price. It's just temporal.

Exports remain as main driver of growth for the rest of 2017 | http://www.klsescreener.com/v2/news/view/248337

If the short-term trend is oversold, and the long-term term trend is overbought, i may say differently. But long-term and short term trends are both oversold. Im almost 100% sure the stock price will much higher in 2 months.

Ryotan11, at least i showed you why the stock price is likely to move up above RM 0.30 in two month. He did not show you why the stock price will be around RM 0.15 in two months. Your forecast lies between us. Thats all.

Ryotan11, he is a type of person who cannot see the forest for the trees. Im a type of a person who sees an overall picture carefully. He is more focused on particular things.

Anzo and kgroup are very different in terms of their fundamentals.