I think the company is operating well, even the revenue deceased. The NTA has increased as they invest the money on the new factory in indonesia.I will hold.
As what report revealed is, loss on disposal of PPE for 1.6mil & sales reduction in indo caused huge net loss. However, you can see the year to year revenue is increasing from other new country like china & thailand, further they dare to invest in purchasing 7mil of PPE, mean that they are expending. What do you think their future? will be know la.
This is a classic pattern of a mid to long term value stock...I wish it will drop another RM 0.0 2 or RM0.03 sen...what an opportunity to accumulate...company seems to be managed well...transparent....good reason to be transparent...they are confident of much better performance in future,,,every substantial share holder is holding tight to their shares...shares available is about 14% to 15% only...I am sure institutional buyers will be waiting for this counter to migrate to main board...there is a possibility of private placement to enable this stock to be more liquid...besides it is also a good company of M&A as its number of shares are limited..
better site tight with your money and keep warm. over next two to three weeks, oil prices will continue to bump off the ground and down if things dont look favourable.
Average Growth Rate : EPS=338%, Net Margin=12.1%, Operating Margin=12.1%, Tangible Book Value Per Share=3.4%, ROE=5.1%, ROA=6.7%, ROC=3.4%. All are +ive. Not bad.
Ocncash is doing serious business, directors trying their best to do the job. But so far company facing some minor difficulty in China, competitive industry make the company revenue cease at current level. For the share price, it has been trading at low volume for some time, and recent days it started to increase little bit, fair price should be around 0.36-0.38( previous level before the drop). The share price drop today, but low volume. What we can do is just waiting directors to push the price up.
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Posted by Chentrader > 2014-11-25 21:07 | Report Abuse
I think the company is operating well, even the revenue deceased. The NTA has increased as they invest the money on the new factory in indonesia.I will hold.