i wondering why there is no COS but admin and general expenses included. MYEG provides services and they included operating expenses instead of COS. Does Ucrest doing the same nature? so there are no COS? However previous QR all shown COS. Its interesting.
zero cost of sales. either this is a conman company or the next and better than amazon company. either worth zero or worth rm1 billion. definitely not this current price. either run or all in. this is once in a life time opportunity to be fabulously poor or rich.
It is a good QR for those who understand the new business model these kind of tech companies are embarking upon. Bad QR for those who only can understand old traditional models.
Based on 6 consequtive qtrs of steady growth and continued growth ahead i assign a CURRENT intrinsic value of pe 15 or ard 60 sen. AT CURRENT PRICE OF 23.5 SEN THE STOCK IS GROSSLY UNDERVALUED. I am not saying it shd be shooting up next week which is unlikely under current market condition. Give it time.....and it will overshoot this intrinsic value for you to take profit....and remember to buy back below 60 sen later....for the next higher intrinsic value. GIVE IT TIME....GUYS.
And don't worry guys....Mr Eg is still the captain with a majority stake....and he is by no means a dumb captain in this line....he knows his stuff well. And always remember..... 人不为己天诛地灭。
As far as I concern, this counter fundamental is good, but after being goreng till name become infamous already. So management decide to change new name so that victims will forget the past and buy back the share. Worth to buy or not, let's see the next QR. Buying now like catching the knife, it might hurt you or .....
Definitely will going up. But now is not the time yet since market not good..can slowly pick up when price drop. With market now dont buy when green. Buy when red...
stop asking why cost of sales is 0. Go read more on the tech business that UCREST is doing. Bunch of katak bawah tempurung. Whoever thinks this is con stock, DONT BUY IT. SIMPLE AS ABC. Bising banyak banyak doesnt help at all
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....
Ting Kungsing
154 posts
Posted by Ting Kungsing > 2018-10-27 00:31 | Report Abuse
Whatever, it is depend on you as no one know where is bottom line. i will collect and hold until next year 1st QR. then only see how to do