Let see tomorrow, KUB under Datuk Seri Johari is the best person to bring KUB to the next level frm 30cent, 60cent and target 1.00 by end of this year, energy divison growing, diaposed plantation div and probably new business (sugar) . U can see CI Holding history...time will tell...see u at 1.00.
dispose at 67c and recollect at 61c. latest QR would be due in next 8 days. Predict that the share price would spike again once QR result is out and Cabinet line up is announced.
This company belongs to Johari the 2nd Finance Minister in the previous Government. We he bought over and became a major shareholder he began to dispose of the non core business to raise cash for strategic growth and sustaining profitability of the company in the future. Yesterday, it announced results. The profit caught my eyes. It came from disposal gain of 97m. Upon further and closer examination of the balance sheet of the company now has RM423M cash and RM38m borrowing. So the net cash is RM385m. The issued shares capital is 556m shares and at 63sen the mkt cap is Rm353m whereas the net cash alone is 385m without including the assets and properties. Strange
if you buy this share the cash on hand is already bigger than the market capital of the entire company. It is a steal, so cheap that it is like you pay 63sen and get the rest of the properties for free.
See how it goes in the coming days.
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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....
Andra KD
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Posted by Andra KD > 2021-08-20 17:42 | Report Abuse
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