Aiyo dun cheat ppl here la Sincere If minus 2.6m forex profit Profit not exciting lo Iq is underperform last 5 years lo No dividend no bonus Is same gambling lo Pbbank is always best choice
yes IQ is underperform last 5 years, that's why I say engine just started, that's why can get cheap price, I only started to realise this stock after it's recent QR release. it has very negligible liabilities, even if it is a 1 hit wonder QR and the company don't gain profit in future, the risk is minimal as the price already low, even if tutup business the company asset still worth at least RM0.80 sen (in my own judgement / opinion through it's net asset report)
somemore I don't invest in stock priced above NTA, pbbank I no say is overvalue, there must be reason why people trade it above NTA, at least it is a bluechip, I see most bluechip stock are at fair value if EPS can sustain, but why do you want to invest at a stock that already traded at it fair value? why not look for some undervalued one for more potential upside gain?
hmm, not performing again this QR, consider no loss although not profitable, only good thing is debt keep lowering despite already net cash position, NTA of this company is mostly current assets. don't know should give it a chance until next QR or not
@moolala true, if business cannot be profitable already management should liquidate the business and distribute the net value to shareholders rather than wasting time here. stuck in here cannot move due to this QR, I believe 0.800 is not the price to sell even if the company stop generating profit from now on
IQ-group’s commercial solutions (Lumiqs), professional portfolio (ODM) and retail products (DIY/Online) all continue to provide both the valuable business of today and exciting possibilities for the future. The results achieved in the first half of this financial year continue to provide the positive basis upon which we are confidently seeking to maximise opportunities for growth in the key business areas as we move forward.
The combination of IQ-group's innovation, quality and customer relations, plus our undiminished determination to achieve a significant breakthrough in own-brand sales, provides a compelling basis for confidence with regard to IQ-group's future prospects.
no choice but to wait and hope that next QR is good now, sell queue price is so unfair consider their cash balance & other current assets in NTA. holding power is very important in such situation. that's why never invest with borrowed money or margin account
see, why some even willing to throw at 0.735 gap gap down lelong price buy queue, don't so easy give up, this QR is actually POSITIVE profit BEFORE TAX, it only become negative AFTER TAX
haiz, until now seller still too easily give in with price, to be honest I wish I can transfer my capital from here to park else where as well, but buy queue is too unreasonable just after a QR not making profit
Poor manage company , shifted almost all their manufacturing activies to China few years back but still maintain the same size plant and high pay staffs at Penang site , how to save cost ? very high overhead cost.
less than a month left for QR, can't believe I still holding this lol less reason to give up and sell at this point no more queueing at upper sell queue
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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SincereStock
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Posted by SincereStock > 2023-08-30 12:15 | Report Abuse
also only because company is making losses few years in the past we can collect it cheap now just right when engine is started