baru balik kerja. Mandi,makan,minum kopi then read WTF such a bad QR. Then go bursa check QR seem like many already expected this bad QR. Weird that price still up. Past few days although higher volume but its not a goreng volume. Seem like someone is buying rather than goreng
After read the press statement seem like not as bad as I thought
The Group’s profit before tax and zakat for the current period of RM2.8 million was 83% or RM14.2 million lower than the corresponding period 2019 of RM17.0 million mainly due to the lower contributions from manufacturing, infrastructure and oil and gas sectors, as a results of COVID-19 related impacts which affecting the results from each subsidiaries except for trading and licensing sectors. Lower profit before tax and zakat recorded was also due to the impairment loss recognised on asset held for disposal of RM6.0 million and impairment loss on an investment property amounting to RM1.9 million. Performance of the respective operating business segments for the six months ended 30 June 2020 as compared to the preceding year corresponding period is analysed as follows:
1. Manufacturing The manufacturing sector contributed a revenue of RM363.0 million and profit before tax of RM16.5 million compared to corresponding period 2019 revenue of RM215.3 million and profit before tax of RM23.7 million. The increase in revenue was mainly from the newly acquired subsidiary, Toyoplas by RM164.0 million. However, this sector shows lower profits in the current period resulting from decrease in profit before tax from CBB and CPI by RM4.8 million and RM4.2 million respectively. The reduction in GP margin resulting from lower production during MCO period and sales to cover the fixed costs also led to the decrease in profit before tax during the period. At KKMW, the operation in Arizona was temporarily ceased for 55 days from 23 March 2020 until 17 May 2020 which also contributed to lower profit before tax during the perio
cool down. Those who buy in below 50cents no need worry. Just add more if the price drop. Notice past few trading there are two surges in price on 24Aug and 27Aug. The price drop just due to correction. If you feel the company is solid then nothing to worry about. For those who just beli yesterday above 70cents just buy it to average down the price if you still feel good with the company, otherwise just cut and byebye.
Buy or sell is on your choice, No need listen to Uncle and Aunty stories here
this is goreng season like 1993 bull...pn17 counter also fly before resting for long time(long bear cycle)....currently all the taukeys and funders are goreng to exit that why the mkt volume making new record 30 over billion recently...so not to worry to much...end of the day kps will fly like the others to trap all the retail players who chasing hot air news . ..good luck guys....
now no such call long term or what term. All goreng term. If you got luck then loss making also will goreng up to sky, otherwise what future profits or bla bla only cerita cerita saja
There are more buyers than sellers before closing 12:30....another Run coming next Tuesday... management already give Tips that last 2 months number are good. So Q3 must be good
i also think this is syndicate play. kps has very few shares outstanding. if they really push RM5 is no problem. None of the director got shares( except one..about 5,000 or 6000 shares already resigned)....The rest are kept by PKNS and Darul Ehsan Investment Group, they won't sell
I cannot see how Biz environment between USA/China will improve with a new Democrat President Any "New Normal" US Tariff against China will take atleast 5yrs to calm down---- almost all International Manufacturing Co are in the process of moving out of China---- No more "Made In HongKong" in Sept 2020 had just expedite the process-----
Main beneficiary Countries to receive New Investments will be Vietnam, Malaysia, Thailand Apple is moving Mobile phone to Malaysia & Indonesia thru' Foxconn Taiwan (world largest mobile phone manufacturer of many brands of smart phones ) Most of the plastic Injection parts will done in Malaysia which will Benefit KPS enormously
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....
Bullish
896 posts
Posted by Bullish > 2020-08-27 19:36 | Report Abuse
Padini made 18 million losses also share price up. Limit down ur head