Great quarter. Result improved a lot after disposing SEB. Net cash increased to RM115million compared to current market value of RM175million. It also has valuable landbank and property in Selangor. Business wise, there will be increasing demand for LED lighting and smart lighting considering now more awareness on energy saving and green products. Very very undervalued company which should worth at least above rm1. Last year CIMB gave it target price of rm 1.45
Very impressive financial result. 2 quarter's financial performance is better last financial year. If you miss D&O, here's the opportunity to get it while the price is low.
The beauty of investing is to discover undervalued stocks before others notice them. By the time got coverage, the share price is already very high. Dont be like many ppl who buy high and want to chase higher
Top fund, FMR LLC invested in success at price of above rm 0.90-1.00. Still far away from its fair value. CIMB gave it fair value of rm 1.45 in 2019-2020
Too quick to judge that this is a counter with dubious intent. To those who have looked into its historical financial performance would not be easily swayed into believing yesterday's sudden hike in trading volume and activity is done by the company itself for dubious gains or to so-call trap buyers at a high price.
One day goreng second day all lari. How come this one also became a goreng stock? Stock market is full of crazy retailers without checking fundamentals. LOL
Once the subsequent 2 qtr result out. Success PE will back to normal below 15. The current trailing 12 month PE of 19 is not the true value for Success. Personally success should be trading at 1 and above. More upside potential with the growing demand of LED and smart street light system.
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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....
Nathan27
425 posts
Posted by Nathan27 > 2021-01-25 16:24 | Report Abuse
A lot of selling today...