Poor QR due to covid 19 induced slow sales. Share price will very likely adjust downward. Have to hold till next QR. Just take the dividend as consolation.
Poor revenue affecting the results. Also, significant impact of foreign currency exposure to the bottom line. USD is expected to further weaken in 202 so this isn't going to change anytime soon.
Short term it's not look good mainly due to closure and restriction of sports activities limited gathering of people, why people bother to spend on sport garments as they will staying at home anyway. But long term it will recover as long as the pandemic can be cured via vaccine and not just to contain it.
Completed the analysis for my Invest & Hold Value portolio and came to a conclusion it is a strong Buy. Have bought in.
Financial Health. Check. Strong cash position and zero debt. Management team. Check. Proven track record of growing the business and focusing on fundamentals. Future. Check. Good for recovery as sporting events restart and retail segment recovers. Value/Price. Semi check. With the ongoing Bull market going on, entry price is acceptable. Analysts TP of 2.82 noted.
This is a stock to hold and invest in. Be patient, time will take care of the rest. Fundamentals strong and cash rich. If it drops anymore I'll need to liquidate some other counters to buy in due to the value.
Hi can I know the rumours that Lacoste going to sign a contract v this counter soon.. what is the possibilities this will happen?any opinion? Thank you:)
For the earlier question, this counter dropped at 2.60 because the quarterly profit was below expectation. Price had jumped from 2.40 to 2.60 the day before in expectation. This price subsequently reset back to the 2.35 range.
From there, it gradually traced lower because of the overall market sentiment. It is not just this counter but the market dropping amidst market uncertainty, Covid and political issues. Nothing wrong with the company, just macro forces at play.
Hold and ride it out, or cut and watch. Your choice.
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....
dalpinia
2,299 posts
Posted by dalpinia > 2020-12-03 20:59 | Report Abuse
Yorkyork, Magni QR not so good, is it good QR for PRLexus next QR?