Many not dare to buy because it is PN17 status. Actually after corporate restructuring done on Nov 2019 made LOTUS fundamental strong. Will out from PN17 soon.
The operating environment is expected to remain highly competitive and we anticipate intensifying pressures on margins as consumers’ living costs rise. Nevertheless, the Group will persevere in elevating operational efficiency and focus on exploring various marketing strategies to improve the Group’s revenue and profitability. We always uphold our mantra of offering excellent customer services, with great prices as our inherent objective. Regardless of the economic weather, the benchmark for best value is set so that our customers can get the best possible deals with no compromise in quality and services. Baring with any unforeseen circumstances, we shall deliver greater financial performance in the financial year to come and uplift from PN17 status in the ensuing financial year.
With the continual improvements in financial performance commencing with an operating profit of RM0.87 million in preceding quarter to current quarter of RM0.533 million, the Board of Directors is confident that the Group shall be able to improve its financial performance further for the coming quarters and uplift the PN17 status during the financial year ending 30 September 2020.
Next Qtr (Apr - June) expect even better, MCO, people stocked up breads and more people bake cakes at home. Demand of flour should reflect the effects.
i think Lotus is able to apply for discharge of PN17 since obtain 2 consecutive positive QR after the date of completion on the Regularisation Plan on 28.11.19.
Minher, you seen like got insider news, if true then very great, mind to share when uplift PN17? just go to checked top 30 shareholder already hold at lease 82%, floating at public +/- 18%, share price may easy limit up next week.
Lotus is exit from PN17 very soon. Lotus now zero debt and under strong management. In the next few quarter, profit will keep strong growth. HLT (0188) director and shareholder Yau Ming Teck also emerge in Lotus as director with substantial stakes 9%. HLT share price rise from 10sen to 60sen recently.
Minher.. Have u run away?? All cabut. Fall 13%... With this sentiments, the fall will continue.. This kind of rumours stock will SLIDE when without news... Today another 13% 0.175
Eldon, actual flushing day on 28May.. Hit low 0.195.. Close 0.20.. Today Friday.. It may continue as fear ongoing.. Nobody will buy above 0.20.. It will slide.. Unless big shark push it Up..
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Posted by minher > 2020-05-22 15:58 | Report Abuse
Many not dare to buy because it is PN17 status. Actually after corporate restructuring done on Nov 2019 made LOTUS fundamental strong. Will out from PN17 soon.