Today's 4% drop at closing is the elimination of speculators with this counter who do not understand the fundamental strengths and the future intrinsic values of this company, as they only looked at dropped revenue QoQ which doesn't mean much. However, the enormous support at RM 1.80 after opening this morning showed that there're true investors out there knowing what the quarter result and yesterday's AGM meant - further improved efficiency with strengthened RoE & RoA by 25%, and ready for ECRL / MRT / private developments which will have to adopt more precast due to current government's green construction & immigration policies.
not sure if u guys noticed, now Klang Valley, Ipoh, Penang excavating all around the road. this is sewerage project and all the pipes underneath is usinh OKA precast pipes
Revenue continuous decreased last 2 quarters, business prospect look is bad if this coming quarter show lower than previous quarter. Higher metal price limited the higher profit margin too.
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JKoh
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Posted by JKoh > 2017-08-29 17:51 | Report Abuse
Today's 4% drop at closing is the elimination of speculators with this counter who do not understand the fundamental strengths and the future intrinsic values of this company, as they only looked at dropped revenue QoQ which doesn't mean much. However, the enormous support at RM 1.80 after opening this morning showed that there're true investors out there knowing what the quarter result and yesterday's AGM meant - further improved efficiency with strengthened RoE & RoA by 25%, and ready for ECRL / MRT / private developments which will have to adopt more precast due to current government's green construction & immigration policies.