Resin is a major feed stock for the group's products and petrochemical based. Resintech Bhd is among the stocks that are benefit the most from cheap crude oil. SHUE'S SHORT TERM TP: RM0.60
Director Datok Teh Kim Poo accumulated Resintc-wa, last purchase transaction done on 27/10/2014. This elevates his direct interest to 41.12% in the Resintc-wa.
Resintc-wa is out of money as of now, but you think this "Poo" will let it lapses just like that?
OUTLOOK The prospect of the new financial year is expected to be very challenging especially locally. Input costs has not gone down and this may persist, if not worsen. Many of us are feeling the pinch of rising utilities and other living costs. At the same time, shortages of certain local materials are stripping away the margin too. The outlook in the West Malaysia hasn’t been very positive as well. Despite the media reporting that the recent series of invasions and abductions in Sabah have not affected the tourism segment, the market is slowing down. The Group is therefore on the lookout for new market and product developments. The Management is undertaking more restructuring in its main segment, which is the manufacturing and trading segment, to enhance the competitiveness of its finished products. We are also working on improving the food and beverage segment further by consolidating some of the outlets. Nonetheless, the Group continues to take mitigating steps to ensure impact of negative factors are minimised whilst still focusing on improving operational efficiency and cost effectiveness.
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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....
benhctan
305 posts
Posted by benhctan > 2013-06-17 08:47 | Report Abuse
a totally ignored counter,very low volume but good prospect