Dun forget, their purchase should be based on market copper price so when copper price increase, their purchase cost should be increased too... I still think their efficiency level should be the concern...
Based on last QR, the balance sheet shows high level of inventory accumulated before the copper price went up... The inventory should be sold during this and the next 2 quarters, so these "low cost high value inventory" shud bring huge gain for the company. The recent purchase shud be sold after clearing these batch of inventory..
Bonus n free war issue is done. Next will be good news on launching of property development in klang n strong qr results. all said, the stock is now looked cheap.
There are still people waiting for cheap stock last minute before shooting sky high. Today is only the first day as the entitlement date is 14th Nov. Don't forget the coming strong QR as well. Jag has been moving up steadily in the past few weeks instead of goreng style. Very reliable counter.
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Posted by ezobear > 2017-10-30 20:34 | Report Abuse
Wow ... Datuk datin had given the green light to unleash the dragon