Hi all, CCK results is below par QoQ as the earlier Q was festive season. YoY it is the recent QR was a 19% improvement. Overall, the results is not good and not bad. It is intact. The downside is there is no dividend declared yet which would have supported the share price. But upside is the Management is bullish with the prospect of CCK for FY 2017. If you all want to up to date information, just join my telegram channel as I usually update there. To me, CCK is still undervalue and I maintain a hold position.
The decrease was primarily due to the absence of festive celebrations during the current quarter as compared to the preceding quarter..next QR will cover CNY. prawn consumption should be higher right?
price being depressed and holding for past weeks but last 2 days the volume has been increased and the price stays at 64sen and ppl are willing to buy too.
tbchua, if you read tradeviews report it should give you an idea. Its a good profitable business, this qtrs results are important along with dividend. If all good fair value appears to be around .80
Bcoz big chicken bully chicken little ma........ Simple calculation RM20 dividend divided by present price of RM650, already get the fix deposit rate of 3% liao.... Why bother to sell ?
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DaitoRyu
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Posted by DaitoRyu > 2017-02-17 12:24 | Report Abuse
Hahaha perhaps got flu, definitely flying sideways at the moment. Whens the QR due out on CCK