Bought today, it may go down for a few months because of irrational investor sentiment, but I'm pretty sure it will go back to Rm2.5 at least, because of how good the fundamentals and management are, the balance sheet is amazing, if it goes down further, I'll sell my other shares to buy more, so please sell.
Insider news from a friend who trading of carton box, this quarter revenue confirm will be good, coz his ordering has increase a lot. I believe MASTER, MUDA, PPHB, ORNA all will be benefited. The only problem is raw material cost, not sure raw material cost during this period is up or down.
Can anyone share your information about raw material cost?
gonna plummet tomorrow hoho The drop in revenue was due to decision of a major customer to change to a new product model and discontinue the old product model resulting in a temporary drop in revenue and the lower revenue resulted in the lower profit before taxation.
@RainT - I'm pretty sure their customer's gonna go back to them since both of their bosses have a good working relationship. Big question is can they quickly change cardboard designs to suit new requirements by next qtr. Also side note, they really really need to diversify customer base, with that sort of cash they have in hand, I'm sure they can.
Not the big recovery we were hoping for, but the revenue numbers are going up. Just not in the quantum we were expecting. The design decision from the customer was an unforeseen.
Read the report. It says "TEMPORARY" drop in revenue. It is not permanent. This major customer, if it is who I think it is, has been with them for over 10 years so the relationship is there. Expectation is that new designs will be incorporated and revenues will be expected to normalise in future reporting.
but we all do our own assumptions by thinking it is temporary loss of revenue only & will come back later on (if not come back, then...., how MASTER management going to find replacement revenue)
would appreciate if MASTER management can share more information in quarter report ...
its customer is having delayed start up for new production. the transition of new modules might take times. it might be reflected in 2021.. jz my 2 cents
Liquid cash flow and reserves still there, so fundamentals strong. Have topped up once today to take advantage of the dip. Didn't quite get my target price of 1.70, there was huge support built around that price point.
yes, for all carton box counters. some analyst must have written buy recommendation. next to boom after gloves in a pandemic. explosion in online orders.
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....
Bold_Investor
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Posted by Bold_Investor > 2020-09-30 15:51 | Report Abuse
Bought today, it may go down for a few months because of irrational investor sentiment, but I'm pretty sure it will go back to Rm2.5 at least, because of how good the fundamentals and management are, the balance sheet is amazing, if it goes down further, I'll sell my other shares to buy more, so please sell.