Not worth cutting the loss I think... given that financial daily picked this as one of their top 10 for 2016. I actually bought some to average down the price...:)
Few reasons to hold this counter: 1. Mr. Ong was keep buying the share with RM1.40. What is his target price given he is the one who have most understand on the company operation?With the price now RM1.20 which is 14% lower than that, why should retail holder dispose their holding? 2. The lowering in cruel oil price has benefit logistic industry given the lower operation cost. Maybe? 3. TN is holding large amount of property(may check the latest list of property of the group). Given the proposal on the REIT spin-off with valuation of more then RM 1 billion, the company can easily bring down its gearing ratio. Or maybe, pay off the debt? 4. With the price RM1.20 now,the P/E ratio of the company is only 7.43. This is much more lower than its competitor which mostly have double digit pe ratio. 5. The revenue of company keep increasing with the expansion in their warehouse. The earning of the company doesn't increase obviously just because of its large capex these few year. In foreseeable period, we can forecast a good earning from this counter when their capex is lower? 6. The lowering in this counter recently may due to overall market uncertainty and mayb because of the disposal of share by one of its director?Should we consider the position hold by this director in this company?A good counter can always recover its share price drop when weak investors is out of the game? 7. Can this company take benefits from coming TPP?How this agreement can boost its earning in coming future?Increasing in export and import will benefit this company? Iskandar project launched can contribute any profit for the company? How much TN truck can u observe per day?
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....
msandroidmz
79 posts
Posted by msandroidmz > 2015-12-11 09:32 | Report Abuse
sleeping counter