KLSE (MYR): WASCO (5142)
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Last Price
1.16
Today's Change
+0.04 (3.57%)
Day's Change
1.13 - 1.16
Trading Volume
1,904,700
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-23
2024-08-23
2024-08-20
Markus See
103 posts
Posted by Markus See > 2016-02-04 14:48 | Report Abuse
I used to own this stock. I got out with small profit. I have faith in the management. I'm on lookout for re-investing when the price is "right". As mentioned, they made wrong bets. Its not end of the world, its part and parcel of investment. They will weather through the storm. They are big enough. I just think there should be more impairment for the wrong bets they made in Petra and Alam. I will wait for the coming quarter result. Numbers don't lie.
Indeed, numbers don't lie. Their balance sheet is not as strong as before. Go look at the 5 years balance sheets. Cash is depleting and short term loans are increasing. Go make your own evaluation.
They are using cash reserve to support the share price. I'll be little surprise if they declare dividend this end February. They might to support the share price.