Hope some big company give the good company business and let this company come up and with their profit they investment in some other stable business to stabilise the income.
Dear investor.. dont simply read comment here invest based ppl comments. Some time ppl here comment that price will go so that they can sell they share fast. So moral of the story always investigate urself. Good luck guys!!
Oil price is projected to stay low for the next few months. Gonna be interesting to see the impact on their Q results.. but have to wait til 25+ feb I guess..
Loss seems to be from disposal. Although the Q report is a bit hard to read... There is a 40million impairment loss in associate from their current asset. However their net cash increased... Also. They mentioned interim dividend, n not final dividend. Could b another dividend coming during AR announcement?
Heavy buy back going on... Cons : their dubai business is taking much longer to turn to black :( Besides the cash asset, only other news that is fundamentally positive is their expansion in China warehouses, which will only take effect early 2016.
based on buy back fund limit of RM50m, current utilization is 1.16m, only 2.3% utilization rate based on 10% buy back limit, which limit buy back to 17.8m shares, current buy back is only 1.5million, which means, 8.4% of the of the 17.8m shares quota.
Expect more buy back from the company to occur, driving price towards RM 0.90 - RM 1.00
But, on a serious note, it's been very steady going up slow, and bit by bit. Whoever buying (ILB sharebuy back) and also other ppl accumulating, have good holding power.
Seems like their dubai op will take a longer time to turnaround, a bit concerning since their loss actually increased. Their China and Msian business broke even n profit just a bit though
Their dubai operation is really dragging the co earnings down... :( wonder what they can do to turn it around? Offering lower prices to gain market share? It's been a couple year d I think since their dubai starter operations.
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ahmoi782
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Posted by ahmoi782 > 2015-01-28 18:23 | Report Abuse
I guess with the oil price down.. their logistics business maybe got better opportunity