Sound good "He is confident that Chempro will add value to Hextar Group as the SSA comes with a profit guarantee of RM39 million over three years which translates to a profit after tax of RM13 million a year until financial year ending 31 December 2023 (FY2023)."
"It is expected to contribute positively to the earnings of Hextar from third-quarter (3Q) FY2021 onwards."
Is like a norm nowadays that a good news will translate to drop in share price.... but i believe this is one good purchase as Chempro have strong fundamental that why they dare to put in SSA comes with profit guarantee. Probably so many purchase by hextar, this is the best so far.... Hold the share for long term would be good...
today sell off is those short term holder as the dividend entitlement is tommorow. Expecting sell off tommorow morning again before it can continue rebound for the bonus issue announcement
Think people are concern about the proposed diversification into something new and that they may not have the expertise. Acquisition cost at 138mil is high whereas they only pay us peanut dividend. Maybe better to stick to their core business.
It seem that Eddie Ong shopping is never ending.....now he enter into complete logistic....i wonder whether he trying to make hextar 1 stop solution for chemical....which include logistic and warehousing....
I hope so Esperian and you know what, I do not know who you are BUT I could not agree more, its a sound company, good dividends, always looking to add value and one to hold.ATB
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....
porklamb
102 posts
Posted by porklamb > 2021-03-06 00:31 | Report Abuse
trust me all in hoot9ee tp 2