Luckily disposed off few months ago around 70~80 together with the free warrants given many years ago. Unless speculative play, it is difficult to survive in this intense market and in view of its current poor performance with higher debts. Very high borrowing compared to Hup Seng and Appolo which almost no borrowings, and poorly managed firm and strategies as well as the management. Anyway, good luck for all as market is always difficult to predict, you may have better luck.
Used to trust it but afraid it is like Malaysia AE few years back which has high NTA + dividends but became insolvent few months after dividends declarations. Of course I hope it will not happen on falling bridge as it is a shame of regulators and auditors.
Not right issues but private placement, believe institutional investors are not so hadap in view of its business profile, higher debt and poor management. Anyway, may be good for speculation as its price is quite low now.
With no gst, Company manufacturing cost decrease in term of raw materials and packaging. Low cost mean low price. Cheaper. Demand and sale of the products will increase. Mean increase in profits.
Good news for consumption sector like lonbisc. With the abolishment of gst, consumption sector will be boost like injecting a booster to the economy. Consumption increase, demand for lonbisc products increase, sales increase, expenses decrease due to gst abolishment, mean net profit increase. Soon, this counter will fly.
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....
LuckyG
1,698 posts
Posted by LuckyG > 2018-02-14 16:51 | Report Abuse
see how low they can press !