only thing i can think of is spillover effect from rapeseed oil drop.. Those selling probably feel may impact cooking oil margin as rapeseed oil dropping kaw kaw leading the way.
No research house covers this stock and gives any target price. If I remember correctly, a few years back, there was once the company suddenly took out a few hundreds millions loan and then the money went to receivables. Ever since then, I dared not consider this company for investment. It’s not clear where they do the oil packing based on the property list in annual report.
fair value loss on derivatives financial instruments RM 79 mil. Management need to explain what is this about and is this a misjudgment causing such huge losses?
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wisdomtot
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Posted by wisdomtot > 2023-03-23 12:43 | Report Abuse
past 10 quarters, 6 times the EPS > 10 cents. Yet, market still not convinced. Something amiss?