Looking forward bright future while our ringgit plunge to new low 3.63 in the morning. Frontkn 4Q results should have very impressive profit growth hitting 10 millions.
Based on Taiwan subsidiary 4Q impressive turnover growth, they can contributed about $4.35 millions to mother bottomline, compared to 3Q contribution was $3.82 millions. Msia side should maintain moderate growth and contribute $4.2 millions, plus singapore side $1.1 millions and Philippines $0.5 millions. So conclusion Frontkn 4Q earning can easily surpassed the 10 millions mark.
We can noticed Frontkn heavy invested overseas business have become a super growth engine for the bottomline when our ringgit suffer big blow. Moreover the taiwan semiconductor related business and Philippines side are both benefit from US market strong growth and a strong USD enviroment.
Anyway we have to wait the warrants burst first..The germany boss dun need raise cash from equity market because frontkn is became a net cash company. If you buy the growth story of fronktn,you should go for the mother.
I also want top up all my fund but the rule of discipline prohibit me for doing it. I still reserve 20% fund, no matter high I am when get dig into frontkn figures. I will chase high again when share prices managed to surpass $0.20 or when dip again to buy low. Remember one thing to last longer in market is to keep reserve to prepare for black swan incident.
We still have chances to accumulating bargain prices when the main street still unwakened by the company strong fundamental and bright future on earning growth.
Lembaga Tabung Haji(LTH) has been paring down their stake in Frontkn since they ceased to be the major shareholder in May2014 after their holdings below 5%.
Taiwan subsidiary going to announce their Jan14 monthly turnover and the details results of 4Q which will including the gross & net profit. Taiwan listing companies practice is first to publish the monthly revenue and follow by the more details quarter results.
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....
PCinvestor
114 posts
Posted by PCinvestor > 2015-01-28 11:41 | Report Abuse
now who buy warrant sure die die die . luchas chan