Huh? Why talk about FLB reaching RM3 in 2016? That's over. For those of us who bought above RM2, being value investor, held it, it's a lost regardless.
RM2.20 above kinda price was the time when KYY(and the Taiwanese director) was in FLB. After KYY and one of the Taiwanese director sold their shares, the remaining directors did try to buy back but the range is pretty tight.
Any run up above RM2, FLB will be behind the other exports, unfortunately. Others move first, FLB later. Unless another big shot investor comes in to buy huge bulks of FLB
It did reach RM3 and beyond! Even it is already history! So never underestimate a stock's potential. It can reach there again. Every dog has its days! There are a lot of comfort holding this stock at the current price and feel safe. There are many dead ducks in there and many lost money on this stocks before and some with paper losses. These however would not make the stock less attractive. I am just a freshie in this stock, less than 1 week old. My 2 Sen worth of opinion. Hahaha! Good luck to all!
Well, look at past 5 years price history. The ONLY time it went up anywhere near RM3 was when KYY was holding 5% of it.Thus, preventing othet investors from buying it cheaper.
He pulled the same stunt with CSC Steel.Look at what happened to Csc Steel after reduced profits this QR, how the price shot up after KYY bought it and start promoting.
Go thru the good times AND bad times of FLB thru the months and years, then baru talk. Current price is ok to collect, just dont be misled by the KYY engineered high price.
Haiseh, big difference. Liihen got report reduced profits that cause it to drop 20 cents the very next day? Which further caused panic sell? No what. Did Liihen have a director selling his holding causing the price to stagnant? Every QR good profits, every quarter give dividend. Price up up up. Retrace also a bit only. Without KYY there also the price will remain high, profits good mah.
The top furniture stocks all doing well - Latitude, Liihen, Poh Huat(slower but one of cold eye's pick)
FLB you all thinking RM3, where is the catalyst?
Anyway,now FLB no more KYY, should be no more sharp drop even if reduced profits in future
Raider, my last sentence I got say mah : "Anyway,now FLB no more KYY, should be no more sharp drop even if reduced profits in future"
I dont blame FLBHD mgt, they slow2 steady type. Its KYY buat kacau that make small timers rugi.
For Liihen, cos very QR profit nice2, the investor not worried, it will rise again, quite quickly. Anyway, I dont buy Liihen above RM2.70 one. So, how big the sell down also, I still in profit, hahha.
Imagine CSC Steel last QR was around RM1.50 to RM1.60. KYY sapu until above RM2. I geram cannot buy cheaper, so no buy lor. Then this QR CSC Steel profits drop, terus drop 20 cents. Now KYY got new target, aiyoo
Anything with KYY, need at least 20 cents buffer leh
Revenues continue to grow in 2016 by 11.47% over 2015 from RM180,733,000 to RM201,476,000. Gross profit reduced due to implementation of minimum wages by the government from 1st July 2016. The business is labour intensive and the company has close to 1,000 staffs. However, over the years,revenue grew from RM132,803,000 in 2012 to RM201,476,000 in 2016. An increase of 51.7% whereas the gross profit grew from RM30,586,000 to RM53,258,000, an increase of 74.12%
Hahaha!I bought all those value stocks, all made money! Never get it wrong! Only value investors prevail in the market! Those listen to stories (rumours), so many already perished! Pitiful !! :)
I can but I wouldn't. I am practitioner of Dynamic Investing. cos cheap stuffs no good, good stuffs not cheap.
shareinvestor88 > Mar 6, 2017 11:52 PM | Report Abuse
Dear stovkmammy can name some undervalued stocks ?
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