Cocoa processing company Guan Chong Bhd is likely set for a "bumper year" with record profit performance for its financial year 2019 (FY19), after its 3Q net profit jumped 38% year-on-year.
Its net profit for the three months ended Sept 30, 2019 (3QFY19) rose to RM60.53 million from RM43.87 million, while revenue expanded 24% to RM744.61 million from RM598.78 million, its stock exchange filing today showed.
Guys and girls.....just hold your horses....stop putting up unbelieveable TP and earnings. Take one at a time...RM11 or RM5 looks very far fetch now based on its earnings. Please....be realistic, lets hope it cross the RM3 then we start talking again.
888next...thats only the internal factor. Still external factors we are unable to control and predict....thus, there is still unknown risks... but of xourse GCB is one the few that could be insulated by these risks, i hope. And thus i have been in since 3 years ago and havent even sold a share
As history shown. Our market does not fall into efficient market hypothesis. Therefore, whether black scholes model or other financial models may not reflect its current of future price. Its silly, but this is BURSA. Even the warrant is out of the money but the warrant price just keep going up. Reason simply, warrant is seen as cheaper(in terms of ringgit and not in terms of valuation) for entry. Thus warrant always overshoot its value.
But i have no complain cos i have free warrants from the recent exercise
Also lets put it simply, i m not promoting the stock here. Those are just my own humble opinions. I could be very wrong. So everyone should do their own homework and derive their own conclusion and come out with own investment decision
sold yesterday.. tot today will down alil.. hopefully monday can let me buy back.. Kei2 i was holding profit since bonus issue too.. until yesterday.. but regret abit now.. it's a good share..
Sometimes its not abt greedy or scared. Its about what one believe how much is it value. Of course one cld sell all and hoping to get back later when it drop. But there is always the question of “if”z and “if” how much would u consider is dropping enough?
I could be wrong today by saying it could close high today but i cant be wrong by holding ot up for above 3. Like i said, it is not a matter of “if” , its a matter of how soon...
The way i look at it, a big block is parked at 2.96 to sell. If my experienced and guts feelings serve me right, this will force weak holder out thinking there r big seller
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Posted by investortrader88 > 2019-12-02 09:36 | Report Abuse
huat ahhhhh !