This company has 1B of debt and wonder how would their survive with cash of ~150M. Just do your homework before get in unless invested since lockdown (18th March 2020)
current market cap=RM 412 Million reits ( to be submit this month, according to the edge) =RM700Million RM700Million/RM412Million=RM1.32 TARGET PRICE FOR TIONG NAM IS RM1.32 BUY CALL.
Debt of RM1Billion after minus off the reits of RM700Million. Tiong Nam's debt reduce to RM300Million. Gearing is merely 0.4x only. Getting better and better. hoot 9 e
Quarter Net profit 44.759m vs 0.457m (2022) was due to "Net of other overhead" +65.554m vs -13.803m (2022) but no clear explanation given, B1 Review of Performance of the Group The Group posted a pre-tax profit of RM 61.4 million for the current quarter as compared to the pretax of RM 2.5 million for the preceding year corresponding quarter. B2 Variation of Results Against the Preceding Quarter The Group posted a pre-tax profit of RM 61.4 million compared to the pre-tax profit of RM 3.8 million for the preceding quarter.
This make futures profit estimations extremely difficult.
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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....
neWbie606
121 posts
Posted by neWbie606 > 2021-10-26 16:49 | Report Abuse
Up...up...and awayyy!