this is a very good speculative counter if you can buy at low n all of sudden someone will push up the price 10% n you can pocket the profit. then wait patiently for it to come down n repeat the cycle again.... very interesting counter
Stock jobber , of coz cooperate with owner and buy from market . I think this is normal right ? Market so weak as yet can hold sob well consider strong
“MYTV owes TM over RM60mil for services rendered and the former was reminded several times to pay up before the shut-down action was taken,” said an industry executive who requested anonymity.
Since the company's listing in 2008, it had only managed to post 3 positive quarterly results with the last being a small profit of RM1.2 mil in 4Q16. After the disposal of their wimax business to TM, the company has decided to focus on developing their digital services in the hope of bringing the company to a more sustainable profitability. The CEO is targeting FY20 for the company to breakeven.
For those that are interested in the company due to the potential turnaround story, it is better to wait and see if the FY20 target is actually achievable. I have my doubts on this given the company tendency in the past to change the target timeline. Most of the time they will just push the breakeven target years even further. If FY19 quarterly results losses are wider than this year, you can be sure that the FY20 target has little probability to succeed.
For those already invested, you need to be prepare to face some volatility given that FY 19 would still be a loss making year for the company. It is wiser for you to diversify some of your portfolio to other profitable companies in order to mitigate the potential short term price volatility. Not sure the RM300mil market cap is sustainable for a company that keeps posting negative results every quarter.
For those looking to diversify their portfolio outside of the telco or tech industry, i would recommend them to look at MBMR.
The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
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....
tomwah
1,599 posts
Posted by tomwah > 2018-10-02 14:02 | Report Abuse
very soon