Wow... SWSCAP deliver a suprising result. Judge from the drop of the share price from 40sen to 20sen for the past 6 month, at first I thought the Q1'24 result must be very ugly, so I am estimating Revenue RM25mil, and Losses around RM7mil. Surprisingly the result is Revenue RM37mil (highest in the last 7 quarter), with a small profit after tax of RM200k.
Why choose SWSCAP:- 1) Solid business with solid asset (Factory in Northern & Southern). Furniture business and Plastic business are proper business. All they need is just to wait for the cycle. When raw material drop, or demand increase, you will see profit come it.
2) MBL acquired a lot of the share at higher price. Sure one day the share price will at least go back to MBL's purchase price.
3) Current market cap is very low, RM68 mil only. Its NTA have minimum RM150-RM200mil if take into account the revaluation of its property and land.
Why choose SWSCAP:- 1) Solid business with solid asset (Factory in Northern & Southern). Furniture business and Plastic business are proper business. All they need is just to wait for the cycle. When raw material drop, or demand increase, you will see profit come it.
2) MBL acquired a lot of the share at higher price. Sure one day the share price will at least go back to MBL's purchase price.
3) Current market cap is very low, RM68 mil only. Its NTA have minimum RM150-RM200mil if take into account the revaluation of its property and land.
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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....
kimee
94 posts
Posted by kimee > 2024-05-20 14:55 | Report Abuse
Eddie Ong still got swscap but not much, 3.956 only