Very good QoQ, however YoY only improve slightly. In all honesty i had expected double whammy improvements to nylex profit margin due to 2 factor. The strenghtening MYR-USD and the increase in price of crude oil. Need to read again the report. Hope market will rerate the share price accordingly.
I believe market shall start to gv nylex a better evaluations due to two main factors... strengthening of ringgit and better crude oil prices.. look at its peers in industry like luxchem, samchem and petchem... alr start moving....
Have to agree with tcs888. Monkey you need to understand that our KLCI index is mostly made up of bank and consumer stocks.. Easily manipulated to make our market look good. Overall, most mid and small caps are still going down. Hence, market is still consider bad especially to those that do no have have huge capital to invest in blue chips. Today itself only 300 stocks are up and the majority of share is either down or unchanged. Out of the 300 shares a quarter of it have an increment of only 0.5 cents.. So yes market is still bad sigh
True... KLCI only consist of certain counters (kindly refer to google), the market still got other small and medium caps as well... btw nylex has indicated of good signal to enter, let's see!
is okay , we invest on the company, nylex is a good company, if u hald holding power, just give some time to shine.. before a gem is produced, he is juz a rock,,, we shall wait for nylex's return.. today seems to be another good start for nylex.. rm 0.9 is not far
Too many contra, too little investor. This should have been the counter's time to reverse but it didn't happen. Incoming CNY will bleed even more counter.
Nylex (M) is monetising its logistics subsidiary, NYL Logistics SB, for RM14.4m, as the group does not foresee it delivering high returns. Nylex said it, together with Bon Kok Meng, has signed a share sale agreement to dispose of 2.2m shares representing 100% of the issued and paid-up share capital in NYL to Astachem Holdings SB. Cash proceeds raised via the proposed disposal will be used for Nylex's working capital, it added. It expects the proposed disposal, which will contribute a gain of RM1m, to be completed within 90 days. (The Edge)
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....
tcs888
194 posts
Posted by tcs888 > 2018-01-15 21:12 | Report Abuse
Y no need at all. T.T .. should like top glove everyday buy new factory ma