I believe in prospect of company. buaya or no buaya only price drop people said. when limit up people said buaya start collecting. that is very common topic in Share market.
THIS is How buaya scare u, WHAT nonsence, the claim on Fire Insurance or effective tax, Even if 1 Time claim also, IT WILL still come on the Balance sheet, bottom line THIS is their NP make over qoq over 6777.63%, u can”t say oh because they got 1 Time pay that why u have a huge increase on the qr, Can u say ,oh the company is lucky to just Won 1 big contract....WHAT a childish opinion From TONG, really not acceptable, if Want buy cheap just say...any AGREE With THIS ting tong?
before the Q1 is out everyone can guess without putting effort to provide detail analysis. The party guess correctly will claim "I told you so". This is really like flipping a coin. Those that did not manage to buy the stock in lower price earleir and those that had take profit of course all will want the share price to go down. The moment they buy back the share they will sing the other way round.
Muda's share price fell sharply today because of an incomplete analysis by Tong Kooi Ong published in the Edge over the weekend. He wrote that Muda's pre-tax profit showed a slight decline from rm43.3 million in 2016 to rm 42.1 million in 2017 if extraordinary items were excluded which anyway were already clearly shown in the Q4 results announcement. What he didn't highlight was most important......what happened to Muda in Q4 as compared to Q3. Q4 was a major turning point for Muda as it accomplished the upward revision of selling prices to customers, experienced lower input costs of waste paper, and saw a significant 28% increase in sales due to strong demand....resulting in its Q4 pre-tax profit rocketing up to rm 36 million versus only rm4 million in Q3. But there was an extraordinary gain of rm 8 million in Q4. So, deducting that, the normalised Q4 pre tax profit was rm 28 million, which is still a whopping 600% increase over Q3's rm 4 million. The director's commentary on prospects in their Q4 report stated that they expect higher demand for the group's products and also mentioned about the coming on stream of their capacity expansion in Melaka and Johor and completion of phase 1 of expansion of a paper machine all of which, qoute, " is timely for the expected increase in demand for paper packaging products and industrial paper." What happened in Q4 was a critical turning point for Muda and this was not highlighted by Tong Kooi Ong. It is important therefore for investors to be careful not to just simply rely on a single person's analysis which may not be complete or balanced, thus causing investors to lose money unnecessary.
"i no believe what tong kooi ong say because i work inside muda"
This is the most dangerous statement. Unless you are in accountant or higher management, your knowledge about the company financial is as good as the janitor.
Tong has orna in his portfolio so when muda price drop, orna will follow as orna is in the downstream and muda has both upstream and downstream. How can orna be good if muda is not performing. ORNA also source their raw material from Muda.
Tong's article seemed to imply that the market overlooked the non recurring items in the Q4 results which is ridiculous. The market is not that stupid..... the non recurring items were clearly highlighted in the Q4 report and any analyst can see through that easily.
The industry works on a cost pass -through formula. So paper roll price fluctuation will be neutralised. The most important factor will be sales volume increases due to market demand and capacity expansions.
KUALA LUMPUR: The Securities Commission Malaysia (SC) has warned investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.
The SC's warning came about 3.000 p.m.this afternoon and it is a very good move by the authorities to protect investors from false and misleading information spread over various media. So it is important for investors to critically distinguish between facts and fallacies and don't simply rely on any reports as they sometimes may be unbalanced or incomplete. Ensure that whatever reports you read are really based on facts and not just pure speculation. But there are also some reports that are very factual and genuine and it's important to distinguish very carefully.
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....
telephone
185 posts
Posted by telephone > 2018-03-14 18:58 | Report Abuse
Time to cabut, buaya strategy.