A lot of ppl still do not realize the beauty of this counter. Currently company has zero debt and full of cash, based on previous experience, the management prefer to distribute out the cash to the shareholder instead of keeping in bank. Since selling cars do not require lots of capital expenses , company do not need to keep the cash with them for too many. The Mercedes cars sales is good until next year, which the possible of special dividend may carry on till next year. It is like a cash generating cow......what a under value company......
assuming the whole year EPS is 6.9sen + 21.6sen + 10 sen + 9 sen . That will be ~47sen EPS for the whole year. With the minimum PE of 10, the share price should be RM4.70.
What happened . ......can hit a high of 3.64.....i.e..from yesterday closing of 3.44 which means 0.20cents profits . ......same time retreat back to 3.44 level . .....which means whoever buy today at any wavelength all get caught . .......quite odd and funny !
big player trying to dump the contra player away, this should continue for next few day ( after T+3 ) counted on earning release day. Everyone is hioping the price up after good earning, and contra it, but big player don't play this way.....
we have to hold for another few days...just like Sam Engineering...:(
This counter control by big sharks .......with rotational played.......press down the price to buy at low price and sell at higher price to earn profits !
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3309 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
uchitech008
580 posts
Posted by uchitech008 > 2015-07-15 10:06 | Report Abuse
CCB is going to give green packet to those supporters.