Price is at take profit level for those who entered at RM3. My regret for taking profit earlier and now buying back at nearly the same price. But well.. facts speak louder than emotion, so at least consider it okay to be able to buyback at roughly a similar price.
“Demand for Perodua (Perusahaan Otomobil Nasional Kedua Sdn Bhd) vehicles remained strong in this quarter, especially with the Myvi, Axia and Aruz models, complemented by strong fleet sales volume from Daihatsu,” the firm said in a statement to the local bourse yesterday.
Profit before tax (PBT) for the segment jumped 34.2% YoY or RM2.2 million to RM8.8 million in 3Q19, helped by robust demand.
Revenue from the group’s auto parts manufacturing segment increased by 5.3% YoY or RM2.3 million to RM46.4 million from the previous quarter, in tandem with consistent market demand.
However, PBT for the segment edged lower to RM2.3 million in 3Q19, mainly due to customer mix. MBM Resources is the secondlargest shareholder of Perodua. It also holds a 42% stake in Hino Motors (M) Sdn Bhd.
Sell now and regret later. RMB it flew to 4.20 unjustified previously with concern if it could sustain. Now it is very justified with a strong QR and another equal or better WR ahead.
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....
GLNT
570 posts
Posted by GLNT > 2019-11-22 15:51 | Report Abuse
Dumb dumb hold till RM5 and above