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.
last time price went up before any news got out creado is investing in one of the subsidiary, now price goes down before qr... been investing for years, this kind of movement most probably (not 100%) shows coming QR is and will be not so good.
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....
katara
251 posts
Posted by katara > 2024-03-19 12:07 | Report Abuse
actually for past 10 years cck pe was moving around between 10-20