it seems only the insiders are quietly collecting the shares.. general public investors seem to be oblivious to its potential and good trajectory with its positive looking financials
PA has recorded a net profit of RM4.3 million after tax on the back of a turnover of RM164.9 million for the year end June 2019
YTD(3Q) PA recorded 6.123m net profit & turnover 148.75m
Assuming in 4Q PA maintain rev & profit as 3Q ---- Whole year profit ~9.333 m , rev 200.25m. Net profit is 116% increase up compare 2019. Think 4Q results will be better than 3Q due to AL price drop(7.5%), RM weaken(3%), diesel price drop(30%) & economy of scale.
PA's price chart range from 0.045 to 0.75(not consider MCO price drop to 0.035). for last 2 years (since Aug 2018 - last Q PA making loss), With almost 2 years of profit now & recorded 100+% profit grow compare 2019, PA price should easily make a new high. Downside risk is low compare potential gain.
Alreday 2Q's profit at 3 years high, price also should break new high.
The company is expanding to increase their production. I am guessing many retail investors just haven't noticed the positive financial trajectory. But it might just become noticed very soon
Avoid this counter until the end of the current bull run. When you see counters like this start shooting up it will be the end of the bull market. This happen bcos the punters have no other shares to punt as they have been punted sky high. So they will have one last fling with dead counters like this b4 the market collapse.
Q1 '20 yoy revenue is 431% higher, and net profit turned positive since 3 qtrs ago and has been on the increase. With the line-up of new businesses and expansion, cant go wrong?
Company Director Wan Sze Yao disposed 8,000,000 shares at 0.069 cents on 03 Aug in the open market. This is a hopeless and desperate for money director. Just when the stock is starting to gain traction, that idiot director start selling. Give up on such company director!!!
Y as a director cannot dispose his shares when he need money yet he was use his own money to purchase the shares? Will his disposal of shares will affect business performance?
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....
aris743
726 posts
Posted by aris743 > 2020-07-08 12:39 | Report Abuse
afternoon voom