Yes, when price below 0.25, daily trading easily above 50 million, but now only 30 million, that's why 6.3 million queue to sell at 0.275 consider big block.
The company is now trading at a PE of 14.55 with EV/EBITDA of only 5.98. Its growth has been impressive, with 5 years Revenue growth rate of 17.67% mainly "skewed" upwards by the 62.55% growth in revenue as at the last financial year. At the last financial interim revenue grew by 93.11%.
It is also cash rich with cash and short term investments at RM63.9 Million. Total debt on the other hand is only RM37.5 Million. Debt Equity ratio at 18.15% the company is lightly geared and hence will not be affected much even if interest rates were to rise.
In general the company is riding on the improvement in the semiconductor and electronics manufacturing sectors which are great sectors to be in right now.
Being a penny stock there are loads of punters who go in and out and also late comers who bought at the top.
Hence once this is over the share is expect to consolidate and rise as its next quarterly results announcement in May is expected to be good. One should consider accumulation at this stage when there is weakness as fundamentally the company is good.
alphajack>> What I can see is it will definitely hit 30-32 cents within a week or two from now..before results la..to breach 35 cents all depends on results. Gd luck all. 04/05/2015 01:05
perwaja kinsteel vsolar luster and smtrack all losing money one naik........???????today add another some for 0.26.....my peti ais full of share liao....today add in soluntions,ygl,iris,....and awc....full liao all down except soluntions...
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....
angct1028
466 posts
Posted by angct1028 > 2015-05-05 00:27 | Report Abuse
0.30...