back to basics, think and act like a business owner. we buy businesses which provide products and services to real people. Don't think of buying stock like buying a piece of paper which has a price that fluctuates up and down by the minutes. cheers guys.
Cck- there might be upside. Revenue and profit is increasing by every quarter and their competitor Teo Seng is trading at 1.82. So, CCK is still considered cheap in the market now.
Creador to acquire 40% stake in CCK's PT Adilmart for RM170 million. Therefore CCk's PT Adilmart alone is valued around RM425 million not including their core business of Retail segment, Poultry and Prawn segment. At current share price of 1.59, the company's market cap is RM1 billlion which is undervalued.
When price climbs before a company announce good news means insider buying. When price drops after a company announced good news means insider selling. When price drops before not good QR is announced, means insider selling.
I really dislike these type of companies, maybe it is not the management, maybe accounting department leaked the info, who knows...
population in Kalimantan will increase exponentially over the next decade due to the new capital city in Nusantara. More jobs, more people. Food business will be very good. CCK/Adilmart is well positioned to capture the huge market. Just stay invested. Never sell a single share. Another ten bagger in the making.
usually if price makes a sudden movement few days before QR, it might be signaling someone has seen the QR and run first ha ha.. let others kena trap at high prices.
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Posted by katara > 2024-03-15 08:48 | Report Abuse
ok kedsheong , we keep cck for 'long term' , but TP is in everybody's heart ..at certain time and certain point of valuation .