3 majors’ announcement recently: - a) Disposal of all shares by CIMB Commerce Trustee Berhad for Kenanga Growth Fund b) New shareholder with 10.122% stake purchased by Mr Koh Poh Seng (founder and major shareholder for KPSCB), with similar nature of business. c) Appointment of new young Executive Director.
From early July to 23rd July, Sernkou’s closing price was drop from 49.5 Sen to 44.5 Sen. However, it closing price rebound from 24th July to 23rd August, traded from 54 Sen to 59 Sen and closed at highest price at 59 Sen last Friday. Today closing price is 58.5 Sen despite DJI drop 623 pts last Friday.
After completion of their two factories acquisition located at Gua Musang (17 acres- 100% occupancy) & Kuala Krai (30 acres- 30% occupancy) respectively, believe kiln drying & sawmill and plywood production seems to be another potential segment to enhance company growth and profit on top of their other positive contribution segments from manufacturing, processing & trading.
Anticipate PAT for the total financial year 30th June 2019 should be much better than financial year 30th June 2018 (PAT at RM 11.824M) in line with better demand, strong USD currency, trade war, efficiency, productively, QA & QC etc.
Also, chart indicated a good uptrend signal and IMO should be above 64 Sen.
Patient shall be the key factor to invest for this turn around company, as similar to my recommendation to buy Yinson on early Feb/ March 19.
TQ calvinteo for the analysis n look promising but many sellers but few buyers a little off balance . unless more buyers come in than is a different story. It just need a stronger push than this stock can fly with such a good performance and generating increase profit which not many company can do
pat1961 you are right you can't hide if the result is so good , sooner or later they will discover it and up it goes ...hope they have the momentum to keep it moving , once the confident level is achieved it will be easy sailing all the way ...
Wa notice the warranty 200 lots parked at 0.29 to buy for long time no seller , look like W is also good buy , watch out with conversion at 0.4 is too attractive to ignore ...
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....
sell
2,457 posts
Posted by sell > 2019-08-08 01:51 | Report Abuse
No more cheap. <45 sen can consider.