i read from FocusM last week,the CEO resigned without any reason....most likely the other board members going to face the same fate...something related investigation for accounting fraud by major shareholders.... just stay away from the time being....
Announcement on 28-8-2013 for quarter result ended 30-6-2013 said that co. incurred RM5.67 million losses. So, share price drop coz of this. The cause for losses is cost overrun as said by management.
NCB is a good co. that earned at least RM1 billion per year for last 7 years. Losses of RM5.67m is just a small matter for the co. The co. profit is stable each year. Seems like this is an opportunity to buy at low price. And, seems like investors were over sold the shares.
“Posted by nanoman > May 29, 2013 07:54 AM | Report Abuse i read from FocusM last week,the CEO resigned without any reason....most likely the other board members going to face the same fate...something related investigation for accounting fraud by major shareholders.... just stay away from the time being.... “
Hi davidkkw79, where do you get this target price of RM2.50? NCB Earning has improved from Q2 -RM5,771,000 to Q3 RM27,265,000. EPS Q2 -1.2sen to Q3 5.8sen. Not a bad performance.
nokenzo, daviidkkw79...fellow PMcorp forumers...the most active forum with good exchnge of opinions. It a bit quiet here though. Back to NCB how do u get 2.50 TP? My TP much higher at 3++.
Northport (M) Bhd, the operator of the multi-purpose port facility, has awarded a RM260 million contract to build and operate six new harbour tugboats to E A Technique (M) Sdn Bhd
End of November 2013, any news of renewal of concession of 30 years lease? 472 m renewal fees can be added to the cash should the renewal fee is zero! Any one has any info?
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3325 views | 3 d ago
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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!
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....
Tan Cobby How
82 posts
Posted by Tan Cobby How > 2013-03-03 23:37 | Report Abuse
The profit reduced is one off event, due to expansion... I think its fine... Price drop due to panic selling