CAREFULL GUYS LATER OUR IDIOT MAHATHIR MIGHT EXPOSE THIS PRESBHD SCANDALS.. THIS IDIOT MAHATHIR IS ON REVENGE NOW.. HIS MOST HATED ENEMIES, HE IS ATTACKING THEM NOW
not enough cash to excecute SKIN project,only less than 10m cash in hand,right issue is inevitable.2nd and 3rd largest shareholder(KWAP and AIA) is dumping big amount of shares,more than 80m shares waiting for offload,how to rebound?
I am not sure what have caused PresBhd plunged so much but the reason is definitely not right issue is coming. PresBhd just secured RM869mil + RM109mil financing for SKIN project and announced on 26th Sept'18. Thus, PresBhd does not need to do right issue. On last 4th July'18, PresBhd's CEO met the Council of Eminent Persons (CEP) and presented the progress of SKIN project. After the meeting, he told reporters that CEP didn't terminate SKIN and the project would proceed as stated in contract. I don't see any wrong in PresBhd's fundamental as of now. The reason of recent price plunge may just due to excessive panic (hope so).
So many flaw in this report. 1st PRESBHD is never a bluechip. 2nd Reference to target price from IB. Its better to ignore completely or divide it by 5. 3rd PRESBHD is fundamentally a bad company. Poor FCF, deteriorating margin and profit etc
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3930 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
johnny cash
6,400 posts
Posted by johnny cash > 2018-10-23 00:44 | Report Abuse
CAREFULL GUYS LATER OUR IDIOT MAHATHIR MIGHT EXPOSE THIS PRESBHD SCANDALS.. THIS IDIOT MAHATHIR IS ON REVENGE NOW.. HIS MOST HATED ENEMIES, HE IS ATTACKING THEM NOW