Indeed! With such pandemic and such results. Strong management n recent aggressive expansion. They spent a lot on future growth n with Bank Negara liquidity easing auger well their future growth. With existing low pe n other valuation looks attractive. I will nibble. But remember it is not a speculative but a slow n hope steady stock.
the packaging manufacturing business will get better valuation if it is listed separately from the property business, but i don't think scientx management will do the ioicorp/ioipg , sime/simeprop separately listing exercise
(i) a bonus issue of up to 1,033,729,744 new ordinary shares in Scientex (“Scientex Shares” or “Shares”) (“Bonus Shares”) on the basis of two Bonus Shares for every one existing Scientex Share held on an entitlement date to be determined and announced by the Board at a later date (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and
(ii) an issuance of up to 103,372,974 free warrants in Scientex (“Warrants”) on the basis of one Warrant for every five existing Scientex Shares held on the same Entitlement Date as the Proposed Bonus Issue of Shares.
this is really another Top Glove in the making with strong CAGR.... dont miss the boat, we just need more investment GURU to come in and do more promotion
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....
tealeaf
196 posts
Posted by tealeaf > 2020-06-23 19:50 | Report Abuse
very good q result....