Already start throw to gain revenue. What will the stop point? 0.56 or back to 0.51 or even worst 0.495, just some guess. Hope it wont happen, if not die a lot people.
Very good earning this company. Damn solid the balance sheet and business is diversified. Mco time also earning is the same. Very good defensive stock. Good company to invest in for the long term!
One of the best stocks defensive stocks on bursa, Earnings never decline even in a pandemic. That's what we call a good company. Stop talking shit here. As Buffet says, "The stock market is a device to transfer money from the impatient to the patient"
CCK Local KK opened in November definitely will help to storm through the impairment. The premium supermarket opened in the best suburban mall in Sabah already contributed significantly over to the top line. CCK Local Kuching definitely dragged down the result but in mid term but I believe this company is moving in the right direction.
Watchout for this counter. Once the price breached above 0.70, it will fly high. If it can't then expect a peak and trough oscillation drama for another 2 years?
As for Kuching I think their location isn't ideal but in KK their business is very good. I contribute to a few factors. The target market for CCK Local is on premium side as compare to CCK Freshmart which caters to general market. For KK is more exposed to international travellers/higher cost of livining, the spending behaviour is slightly different. Their KK outlet is located inside a shopping mall which used to occupy by Giants (consistently being top 3 best performance outlet in Sabah).
The neighbourhood is more affluence and currently Jesselton Twintowers which is located next to the shopping mall will definitely increase the number of footfalls which I think they will do well. The mall has just undergone phase one of refurbishment and a lot more exciting tenants are coming in.
As for Kuching, the location is quite far out and the outlet is located at commercial development which is not even fully occupied. I suspected the development is somehow related to the company if you dig deep enough. It is just not making sense for me that they chose such a location, there are plenty of good developments which are unoccupied in Kuching such as Gala City or Ibraco's Tabuan development.
Overall, I think the contribution is not too significant yet. If I were in the management, I will probably follow the footstep of Focus Point venturing into Bakery and team up with some convenience stores. However I do think that they may propose some form of bonus issues once their share price hit certain pricing points. I am definitely have great confidence in this company.
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....
starleong84no1
47 posts
Posted by starleong84no1 > 2020-12-11 16:48 | Report Abuse
Hope it wont drop below 0.60, the resistance is here or else .......need wait again on next seasons already