Is this a good news for Wellcall that Mr. Huang Sha, the Managing Director, to replace Mr. Chew Chee Chek who has resigned as director of the company ?
1. Strong USD is sustained in FY15, FY16 can go to USD1:RM4. 2. SMR20 rubber was down close to 30-40% in the past year, with the current price at around 500sen/kg, further drop to 400sen/kg few months later. 3. New plant is expected to be ready for commercial production in mid-2015, with earnings from the new factory kicking in from FY2016 onwards. Targeted Net Profit for Year 2015 is 45M, Year 2016 is 100M or EPS is 30sen, 100% Dividend payout, DY 5%, I won't be surprised the share price can go to RM6.00...
The 3rd new factory big one, will be operational in Aug/sept 2015. dividend now is 2.3 cents I am optimistic but not that optimistic that reality went out the window.
sold a while ago lohh, brother, bought @1.88 on 5th March and sold at 2.12 on 7th Apr, ( very hard to sell coz low volume), the best ever trading stat for me pertaining to this counter this year. However, bought Scicom @1.88 on the same date but sold 2.08 on the 8th Apr - the worst ever stat for this counter - it went all the way to 2.36..... (I would most like to have it sold at 2.32 nevertheless......more than 20k gone ..goodness me)
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3067 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Kok Leong Chan
648 posts
Posted by Kok Leong Chan > 2015-03-18 22:25 | Report Abuse
Buy before too late....Rm3 target price