any one has bad news as to why its price has been dropping badly although earlier the CEO has announced that the Co. has joined venture withUS Co,. to manufacture precision parts for US military amd their revenue and profit for 1st and 2nd Qtr 2018 shd be double digit growth.
Recent news push up the price, but seeing the valuation now, it is still high to enter. Wonder how long it can sustain given such high valuation. Good fundamental, but it is not the timing to enter now. Hold tight to existing holders. Bear with it.
the most concern i have to this company is their MD. How come they give wrong information to the Edge( they should double check the news before its publication).
Attention 817065 : Please verify your source : Their CEO also announced recently that they intend to pay 60% of their profits as dividends from next year. Better to hold as long term investment. 09/12/2017 12:31
@Chengheng Lee, it is not cacat, just that the share valuation has been so high that the intrinsic value of the share should not be that. That's why drop lor. But seeing good earnings growth from its new contracts, the share price will pick up, but not now. maybe, in three months onward. I think its next coming QR in Feb will be around like the one in Nov unless the new commissioning machine came in earlier. still, to see the result, it will be in this quarter of 2018 onward. I think its FV is around 50cent.
If this stock is not going to move up bcos it is overvalued now, then I shd sell first (even at loss) to play other counters to make some gains now and then come back later instead of the opportunity loss in holding to it. Any advice, pls
it will boost up!! of coz it wont spike up right now, look at the chart, its definitely not a uptrend sign, there are so many uptrend stock right now, if you a big shark will you cash in to tecfast right now?
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Chengheng Lee
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Posted by Chengheng Lee > 2017-12-19 07:57 | Report Abuse
Getting worst