Good stock but bad market sentiment that cannot drive the price forward . Corruptions scandals was the main issues that affected the overall market forces .
First quarter 2016 profit kaw kaw Rm 94,558.000.00 and dividend 6% . Tomorrow don't know how much can go up . Anyway my TP is Rm 4.00 coming soon very fast . KEEP ON HOLDING UNTIL ITS REACH MY TP .
If excluded one off gain, it still posted pbt of 87m. The best ever quarter, 3rd q of 2014 pbt is 116m. You must remember latest q results is base on aluminium price of around 1550 only, 3rd q of 2014 back by very strong aluminium price(1700-2081). And latest q less working days due to holidays. Now u can see how powerful of capacity increase of its smelting plant plus demand increase for its extrusion division. I have very high expectation on coming quarters. How about u?
Another very attractive thing is its kind dividend policy. If it can maintain 3 cents per q (sure can). It represent 4% dividend yield. It's not only an aggressive stock, it also a defensive stock when market is bad. You can hold long long. No problem.
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....
moniekj
1,037 posts
Posted by moniekj > 2016-04-27 12:03 | Report Abuse
Tomorrow