I am not surprised he sold at all. Chee Wah has been stuck at 40 sen for many years. If he thinks weak RM won't last, he might want to cash out. Selling now will make him 200% richer than he was few months ago. I think it makes a lot of sense to exit
You have a point, but I like to put myself in the director's shoe. It don't make sense for him to sell now: -First level thinking - Director has earned enough to exit now. -Second level thinking - Cheewah's revenue is seasonal, with Q1 and Q3 being weakest. However Q1 is already equivalent of previous year's earning, imagine the further upside in Q2++? Plus after so many years, Cheewah finally turnaround in 2014. Isn't it a little too early to cash out?
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Posted by MMCP > 2015-11-26 13:17 | Report Abuse