I think the new owner have the right strategy by disposing the uneconomical asset to run which lead to interest payment for the group. Now there have cash and borrowing is been reduce further. With the solar gas, plantation although small and in the peak area but can still be returning it to profitable and eventually sell it off. Kub also the main contractor for TM.
Anyway is the share price could not sustain at the level than will go all the way back to RM0.61 level. Anyway is for long holding. Just like the CI holding
They sold 2 palm oil estates in kahang for rm250 mil
Posted by mohdnohmajeni > Oct 21, 2021 5:57 PM | Report Abuse
Can someone explain keuntungan kub berlipat kali² ganda? Disposed asset or what?
Hafid 999 posts Posted by Hafid > Oct 21, 2021 8:43 PM | Report Abuse
I think the new owner have the right strategy by disposing the uneconomical asset to run which lead to interest payment for the group. Now there have cash and borrowing is been reduce further. With the solar gas, plantation although small and in the peak area but can still be returning it to profitable and eventually sell it off. Kub also the main contractor for TM.
kub with the new management disposed the oil palm land to pare down the debt and thus reduce the bank borrowing which will save on the interest payment. There will concentrate on the LPG, ICT business and still have oil palm land in Sarawak. In my view the land is in peak area and not really economical to manage it. Better dispose off.
No need to worry if you are on long term. Good moves by comp to hive off some useless ventures. KUB is finally on radar of some funds. Timely now for comp to reward the shareholders with special dividend.
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....
Hafid
1,130 posts
Posted by Hafid > 2021-10-20 17:24 | Report Abuse
The stock can be in for long term now.