this stock looks expensive now. Low PE ratio has included one time gain from sale/acquisition of land. Unlikely to go back to 25.00 in short or med term
Hard to dispose in short time period if you hold a big quantity. Trading vol is low. It used to be a quiet counter but why after land acquisition news it moves up so fast. Agree that it is worth much more than 4 but at 25 or so it was too expensive. So sold all at almost its peak without hesitation. If wait for the buyer to take, it will be time consuming and price kept dropping another day. Just gave in to the buyer even though it also took some time to sell all at my target price before x div. Bye bye aji
Dragonpick Let Petronm stablise for the time being and you will see the hidden super powerful reward it will bring later on the back of its :
1. Healthy and debt free B/S; 2. Strong net cashflow; 3. Steady biz growth; 4. Higher dividend payout; 5. Attractive P/E < 10; 6. Opening more retailing petrol stations; 7. Prudent and quality management team; 8. On the radar of Public Invest and RHB Invest. 23/02/2018 13:38
Revenue growth slighly in malaysia & others asia region, but flat on middle east( compare with 9 month end 2016). Operation profit from domestic and industry is lesser than last years (compare with 9 month end 2016). the higher eps is mainly contribute from financial income & lesser tax.
The land acquisition expected to complete by 31 July 2019. (why so long?), is just a land, still need time to build factory...
The flat revenue in middle east still flat, expect better next years?
consumer stocks is the new religion... the answer to your prayer... go for it. Be it F, A, N or D. Dow Jones and Donald Trump proof.... may be PRU and trade war proof too.
Price has come back again the last few days. But what is so special if only this quarter result improves. Bear in mind last year's result has taken into account the one time gain from land sale. They have plenty more assets to sell?
y-o-y 10% growth for PAT and 6% for revenue, not too bad, of course previously the PE and dividend were artificially inflated due to the land sale, but I think the prospective yield of ~ 2.5% reasonable for a steady company like AJI. Hold.
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....
Mohd Fahmi Bin Jaes
29,627 posts
Posted by Mohd Fahmi Bin Jaes > 2018-01-29 19:21 | Report Abuse
No happend. Not trend