Disappointing result. If adjusting back the unrealized forex loss 2.56mill, net profit is 7.88mil which is 10% growth vs. corresponding qtr last year. With the adjustment, eps=1.4 cts/qtr only. How to justify for my TP RM2.70. Sigh.....
Lot of people just look at the summary table of the qtr result. It shows consecutive 6 qtrs of negative growth. It is very scary, at no time we should hold this kind of counter. But if we adjust back the forex loss this qtr, it is turning around with 10% growth in net profit.
I am not able to read correctly the trajectory of JHM. Bought at 2.08 today believing that is the catalyst for further upward. But got trapped instead.
many people let go this week..next week they chase price again...just set stop limit at 1.84 la...then let it dingdong....if go below stop loss then buy cheaper
JHM's fall is due to its underperformed QR announced last month. The market was expecting an exciting result(Q3) after MCO and also an extra earning from its long-talked about of its new orders and expansion. The announced Q3 result disappointed all resulting people losing confident on its growth prospect, thus exiting JHM.
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....
amateurJR
2,366 posts
Posted by amateurJR > 2020-11-26 14:25 | Report Abuse
below expectation