ppl taking profit, sell on news. That's why, but I think Liihen is still good for one good puff. Strong orderbook till Feb, if my reading is correct, that should translate to at least 1 more good qr
due to Covid19 and flood in southern China, some orders have shift to Malaysia. Now the orders are abundance only for gov to allow intake of more foreign workers.
Currently in consolidation and profit taking mode, Liihen is fairly priced based on its historical PE. However I think they are still a little bit lagging behind Pohuat and Homeriz in terms of valuation.
There is news out there that the cargo shipping service is lacking and fee is skyrocketing... not sure yet how much it will affect the revenue of exporter.
Jeannie, and also rising shipping / container costs and the US dollar has gone down compared to the Malaysian Ringgit. Not to worry too much if you have holding power and it's only paper loss. This company has good fundamentals
Directors have no confidence? Not necessary. Maybe they need some pocket money, maybe they want give out more shares to retail investors. Based on their indirect holding of about 42%, those dispose are just peanuts.
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....
zen_2k
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Posted by zen_2k > 2020-11-17 11:13 | Report Abuse
ppl taking profit, sell on news. That's why, but I think Liihen is still good for one good puff. Strong orderbook till Feb, if my reading is correct, that should translate to at least 1 more good qr