Like this the 7c dividend given also no use le.....give u 7c........share loose 70c. What is Tguan management doing? Penny wise pound foolish? Maybe they are not the same company as they used to be.
Why share price keep dropping? Share price will cause market cap to be reduced. Now already less than 600 mils. They want to separate out F&B ,about 10% of market cap, 60 mils. If share price go lower and lower by next year, F&B will cause below far away from 60 mils. Then this Ang family will buy cheaper price, less than 60mils. Maybe 50 mils only. This all control by them.
it is good to split out F&B business as no room for future growth due to competitive of this business, many competitors are around now for coffee and tea.....
I remember that time got one fund(Prudential PLC) keep on sell its shares until 15 oct. After that then follow by disposal of f&b news to press down share price again. I think this was what Ang family wanted to achieve.
In all honesty the management can’t do much in terms of their share price direction. If they did that would manipulation and liable for legal consequences. They technically can share buy back, but that might not be the best decision at this moment. There’s only so much minor shareholders can do, either hold or sell.
Beside disposing earning business, higher minimum wages and proposed EPF contribution for foreign workers also will impact coming quarters earning as Tguan is heavily rely on foreign workers
MYanmar another bad business decision for Tguan management.
according to management in 2023 The Group is keen to invest in Myanmar in view of many advantages such as availability of low-cost labour, very competitive prices and tax incentives. However, military coup had affected inflow of investments in Myanmar and slowed down the whole process for the Group as well. Management is keeping a ‘wait and see’ position and would monitor the situation closely before making the next move.
I think something wrong with Kenanga analysts and already always set target price so high. The beautiful point here is the price will go reverse ( drop more) after this news out.
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....
yfchong
5,987 posts
Posted by yfchong > 1 month ago | Report Abuse
sudah reach double bottom ?