Parkson8888 Every qtr loss 4.92? How to play stock? 13/03/2018 04:05 Please, be patient and be relax, offers are on the road, pick the best offers when the dust is clear, you should be able to see it clearly. Don't play as it blows up the dust.
Q1 2018 result will not be good as selling price for cement remain low. Only got handful cement players in Malaysia but keeping fighting on price. Cement is a commodity after all.
With so many quarters of losses, drop in revenue and no sign of turnaround, it should have been traded below its book value of 3.26. Given 20% discount to its book value thus arriving at a fair price of 2.60. If losses still persist, more discount expected.
Based on the expectation of slowing down in construction sector as a result of new gov policy, expect the demand for cement to be seriously impacted. LAFMSIA losses is expected to be intensified. Fair value is further reduced to 1.95 @ 0.6x P/B @ 40% discount to book.
the only way to go is to cut down the production cost in order to reduce losses. price is subject to market force and is unlikely to improve in near term
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