I think many are waiting for the QR. Nothing to goreng for straits, it's a slow and steady turnaround story that nobody knows about except shareholders.
win3, my first TP is 0.24. after break that level, will reevaluate. Why 0.24? Simple: fundamentally nothing has changed for Straits. If it was trading at 0.24 before covid, it should go back to that level slowly. Most fundamentally good companies are already trading at near pre-MCO levels.
After that my next TP would probably be around 0.3. That's because straits won the port management contract and will start to see an additional revenue stream improve their business. You can take a look at their financials. The new management is doing a good job.
Terence,hi,my first tp 0.2 and 0.26,i very confidence it can fly,but need more time, more patience.... Now I thinking want buy warrant or not..............
for me TP is always 0.24. Just couldn't break the 0.18 resistance. Today break 0.18, continue to go up to next resistance lah... 0.20 psychological resistance, after that technical resistance is 0.24.
When straits go up 100%, let this be proof that we were here even when nobody else believed. let everyone chase high, we collected while everyone was going crazy over speculation counters.
i prefer warrant, since loong time ago..when this counter still very much unkonown to invetors, becoz its warrant always In-The-Money..
this quarter will start to show the impact of IMO 2020, where Straits one of the biggest beneficiaries, and compounded with the fall of singapore giant bunkering company.. hop mother can teach 30 cents.
in just 7 QR, new boss had achieved Revenue from just 36 million, jumped to 203m (500%), and most probably it will fly to 230 million (600% ) just in 2 years time!.. Profits also had jump from 634k only to 2 million (300%).
I strongly believe this QR revenue over 230 million and profit at least 2.5 milion, that would give EPS 3.8 cents. Price could move 27 cents !!. If maintain 2 million pun, price would be at 22 cents
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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....
SmoothDriving
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Posted by SmoothDriving > 2020-05-22 10:15 | Report Abuse
Logistic play, Gdex top volume & share gone up more than 25%