I mentioned months ago regarding the business model and how it has no moat. Please only buy if it's within margin of safety. As per our valuation, we will queue to enter around RM1.20 (with only financial valuation taking into considerations).
There is no rush and need to enter a downtrending stock since CW has no competitive advantage over its competitors. Thus, our fund will issue a BUY when it falls into our price range of RM1-Rm1.20 with a wide safety margin and considerable ROE.
the price has gone too low now, actually the numbers are looking good as 500M revenue is already within reach, it is only a matter of giving us surprising earnings that we are expecting....if they did this surprise target price is RM 2.35 by December 2016.
Now is the best chance to buy for long term because the net value is 1.59 and it is going to increase year by year. (1.30,1.39,1.50,1.59,1.70,1.80). Good business and ROE still can maintain above 10%.
Eventually this stock will find its equilibrium below RM1.30, prices fluctuating as like a year ago. The simply reason being the competitive business model, lack of growth factor, uncertainties in the markets that the business is in and more importantly prudency of management. Our fund loves the high ROE yet remain cautious with so many negative aspects of this stock. Will consider when it falls below RM1.20 to give us a comfortable margin of safety. NOTE that we are still not buying even if it reached that price range.
dont waste your money in this rubbish export counter..if you really want play export counter, sailang LIIHEN...ways better, their growing sales revenue can cover the foreign currency exchange losses..if foreign currency exchange good , they will earn more..
I'm buying more at 1.40, will likely see more volatility now that pound has dropped and anti dumping has been lifted. Will hurt their exports, hopefully the breakup will cause euro to reinstate the anti dumping policy that was opposed mainly by uk
This Suu thinking like child. If price can drop to 1.00 means face a big financial problem. Company still able to pay so high dividend? Dividends payout is based on company performance. If drop to 1 means very bad situation already. So buy too low does not means is a good investment.
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....
smartInvestor1
699 posts
Posted by smartInvestor1 > 2016-06-13 16:18 | Report Abuse
o baby 来我的怀抱~~ 大家不要的我偏要~~ 因为你的价值大家看不到