if you think century is good, buy more. now mega sale on century wakakakiki when 1.3x i already said better sell. time proved who was right who was wrong. no point to argue. even i win i also no gain money.
The next trading day will definitely spook some weak holders. This is not a good result by any means. Last mile delivery service will take time to kick off. Expect few more quarters of mediocre results
After read the report, it is due to lower activity..still awaiting the new set up on parcel delivery soon..but good job in repayment debt as high as 15m ..well done management!! I should wait another few quarter..let market decide tomorrow =D
yup, totally agreed. its expenditure is higher due to setting up of parcel delivery. Anyhow, still in profit making so its not much of worried for long term.
FYI please don't use Korea CJ buying price as reference. Even Singpost also screw up buying up Trade Global & Jagged Peak resulting in heavy impairment & losses.
Things aren't that bad... Today's CLH price get overreacted because of poor QR couple with poor market sentiments, due to Friday effect and DJIA's -274 pts or -1.24% drop last night...
Public Bank still makes a BUY call but re-valued at Rm1.39. Their parcel delivery business is still at baby stage, so we can't expect any contributions from this new venture, instead, they would have to invest more moolah to grow this business, so it's a long-term investment, not a quickie get-rich-quick scheme as they expect it to be... Or else, tan lucy is right, she can get more fun in 4D bets... :-D
Btw, most retail players have no patience to grow with the companies which have good growth prospects, they only want to join the buffet party when they see glorious foods aplenty on the long table, when the meal is served on silver platters...
Very sensible comment from shpg22. What is a few hundred millions for CJ Korea? CJ may have overpaid for century but behind the scenes, the company could be generating economic value for the group as a whole which may or may not benefit Century shareholders. Right now, what century has is a story that has not come true.
We can't deny the possibility that CJKE could see many lobsters behind the corals which small investors may not see... But to say that they hv too much to waste so they would rather overpaid 60% to buy 31.5% of CLH shares, that's too far fetched, Koreans are not stupid people, they maybe even more shrewd businessmen than we think, that's why they can so successful globally in their industries and businesses...
Many past examples have shown that after the majority shareholder of a company take it private with offer prices well above the average market prices, then only small holders started to whine n cry that the offer price was too low below the stock's intrinsic value...
Revenue drop, profit drop, Eps drop, delay in building factory (latest news), target price drop to 1.3x set by Pbb... rm 1.16/2= rm 0.58, this stock I will enter to buy when it is around rm 0.50 to 0.70... can't find any reason to enter now...
@ tan Lucy, your metaphor of CLH's parcel delivery business still at semen stage is quite funny but it's not correct... :-D
When CJKE bought in 31.5% of CLH and became the majority shareholder, the semen had already impregnated the egg. When the CJKE transferred several Korean key personnel into CLH, the embryo was developed. When CLH announced they have created a new division of parcel delivery business, the baby was born. Now they are actively acquiring new vehicles to run the parcel delivery, and they have already secured several new clients, including some CJKE's current Korean clients, including their deal with Lazada to deliver Korean products exclusively. It means this baby has started walking baby steps already...
Also, on top of organically growing the baby, CLH is in the process of acquiring an existing parcel delivery company, so that the baby can grow up fast and start running quickly in order to harness the huge growth potential of e-Commerce industry after Jack MA made Malaysia as their Asean hub. CLH is definitely on the right path to become a major player in the new business...
can enter only when they really start the parcel delivery service then the share price will start heading north. otherwise all is daydreaming. half of the people here are dreaming only. they never really check the business. almost half of the info here are incorrect or just rumour. if you do a bit of research and email to company, you will know a lot better then people here. and never follow people here to gamble. 1.3x people say undervalued coz cj bought 1.45. wakakakiki wtf??
My take is stay away from this counter for now. More uncertainties if as someone says that CJKorea may take over CLH and at what price. It will be 2 to 3 years down the track before make solid profits. All the best to those fully positive on CLH
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....
tan lucy
153 posts
Posted by tan lucy > 2017-08-11 18:20 | Report Abuse
if you think century is good, buy more. now mega sale on century
wakakakiki when 1.3x i already said better sell. time proved who was right who was wrong. no point to argue. even i win i also no gain money.