profit down,NTA only 66cts....but share price 96cts,KEN profit up more than 30%,NTA 1.56 but stock only 92cts......apa bursa ini,no fundamentals at all
Latest quarter result is lousy. Turnover increased but profit margin dropped. Profit of RM1.20 million is merely due to RM400k tax reverse. Actual profit is only RM800k. Fair value for this counter is around 60 cents. We have to discount their assets which mostly consisted of cylinders and the company may write off anytime due to missing. The company have very bad record to write off the cylinders in previous years.
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....
Amos88
37 posts
Posted by Amos88 > 2017-10-12 11:09 | Report Abuse
Quickly sold, so that the stock can move on.