Posted by Steven Tey > 2013-05-31 12:22 | Report Abuse

Most analysts are just blind or just pure ignorant.

From a very low base of having incurring losses for many years (from the day they took over Sanyo and subsequently changed the name to i-berhad) and suddenly to turned in some meagree profit which on the surface, seems a quantum leap but in reality, was miserable.

The shares in the company is so tightly held and very illiquid and hence, easily manipulated. From fundamental point of view, there is no justification to warrant such a steep price spike.

Surprisingly it has not attracted a UMM query from the SC.

What is the mean of the company financing their 40% stake in the upcoming shopping mall development should be the question analysts supposed to ask.

In short, pass success does not guarantee future success and bearing in mind this company has been toiling with all sorts of development concept on the same piece of land for the last 2 decades and only started to see some light at the end of the tunnel and analsyts should not just blindly make recommendation on this company.

The founder of Sony once said this " Company can only make whatever profit that the public allows the Company to make" and when you are talking about a company without CSR, it is difficult to see how this company is going to make it if it is without the help of Selangor State Government which has gone overboard