Thought stabilized at RM 1.90, now going to minor support at around RM1.73. Price fell due to shorties, forced selling, or Directors selling.? If so should have declaration by Directors. Waiting at bottom to collect some as Vietnam Factory , so far no Bad news, right ?
Net profit margin, is around 11%, so net profit is around 10 mil, for 108 mil shares, roughly 9 cents/ share eps. Total for year should be around 30 cents, thus at RM 1.80, PE is 6X, which is low and can be rerated. Let us wait for the result, either today or or Monday.
Due to long holidays in conjunction with Chinese New Year celebration in both Malaysia and Vietnam during the current 3rd quarter under review, the Group’s revenue was significantly affected and it was RM81.6 million only, representing a slight increase of 1%.
Let's make this a lesson. There is possibility that the latest report has been known to insiders few months back. This explained the sudden drop last month. They reason told was that the drop was due to fear from the 'director was selling', but God knows whether this is true or not.
Stock mkt is a very unfair online game. The insiders, big boys n funds know best info in advance.
Always wise to practise this on the long haul... Protect the downside, as the UPSIDE will take care of itself:
HOW MARKET WORKS SERIES MONEY MANAGEMENT is 1st thing 1st
Every investors must have a plan n work the plan.
a. Plan a portfolio of 6 to 8 stocks n divide your fund into 6 or 8 n have an av amount per stock. Then each stock could have 2 entry pts. Buy small in penny stocks. Only when your portfolio is making good money then try pyramiding = concentrate 30-40% on 1 stock, hoping to max the return.
b. Never use margin or borrowed money to trade stocks. only when u r the proven best in the country, u can use margin!
c. Cut loss we must n mandatory at -9% = bcos the 1st loss is the BEST loss in down trend stocks. Drops > 9% at close from the highest price is a sell.
d. Concentrate on great A1 stocks n constantly do rebalancing when mkt gathers steam. Importantly, every stock in the portfolio must be in a profit position.
Play What Mr Mkt wants to play up... Follow the smart mkt movers early to catch the 1st RIGHT stocks at RIGHT TIMING of a new cycle. & be sensitive to all things working RIGHT to score in this endless 'stock mkt exam' every year.
What's the reason behind drop in profit margin excluding forex loss & one-off gain? My personal view is due to the newly completed factory. Setup cost and hiring of new employees but sales haven't kicks in. What you all think ?
I am holding.. :) Managed to sell partially above rm2 My avg cost now below rm1.. Will wait till new factory mass production only judge.. I believe soften in demand for home appliances just temporary, and new orders will kick in soon in 2nd half, if not then 1st half of 2024 :)
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....