Bank Negara Malaysia reduced the overnight policy rate to 2.75%, a 25 basis-point cut predicted by just two of the 26 economists surveyed by Bloomberg. The rest forecast no change.
Bank Negara Malaysia reduced the overnight policy rate to 2.75%, a 25 basis-point cut predicted by just two of the 26 economists surveyed by Bloomberg. The rest forecast no change.
Since the company had successfully managed to find ways to improve its gross profit margin in its business as reflected in its last quarterly result, it is logical to assume that its next few quarters to see better results as long as it can maintain the same improved gross profit margin, coupled with the new additional income stream generated from its recently completed The Prestige Hotel.
If its EPS for Q4 of FY2019 is maintained at 5.35sen like its EPS for Q3FY2019, this counter may be assigned with a higher TP of RM1.80 to RM2.00 easily.
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....
luckyman
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Posted by luckyman > 2020-01-18 20:02 | Report Abuse
Its hotel should have had good business for last two months being the peak season. The soon to be announced quarterly result should be very good again