This is to catch those selling off their shares early in the morning and hoping to buy back cheaper and making a profit. They do this daily to try to make a contra gain. Sometimes, they may get trapped by their own folly.
1Q20 core net profit fell below our/consensus expectations on lower-than-expected sales volume during the MCO. Consumer down-trading will continue in light of lower disposable income in the near-term. High illicit share of 69% may also persist as Government enforcement efforts are redeployed to controlling the COVID-19 outbreak. Our FY20-FY22 earnings estimates are cut by 19%-30% to derive a lower DCF-TF of MYR13.50 (-MYR4.00) based on unchanged 8.6% WACC and 1% LT growth.
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....
EngineeringProfit
20,595 posts
Posted by EngineeringProfit > 2020-05-28 10:05 | Report Abuse
I see. So bat also can fly lah. Not only Superman