Calvintaneng, would you recommend a company with high and increasing receivables, high payables and not much cash and now in the red?
Yes, SCIB has more than RM1billion worth of projects but this goes right to 2030. And you see their trend. How are they going to finance their project. I don't think their recent PP was fully subscribed.
Read their report - they are behind time in carrying out their projects so how to get all those projected profits. Furthermore, they cite high material costs.
You paint a too rosy picture of SCIB
But anyway, thanks to what you wrote before you u turned your opinion, I cashed out.
Professor Calvin maybe kena warning from management for his earlier outburst. Now professor changes his tunes. How to gain respect if continue to ignore the elephant in the room?
No thanks to SDinamik that the counter price is taking a nose dive. And if EY cannot prove that KPMG red flag is misplaced or wrong... get ready for the worst to come...
I have a stock want to recommend to you guys. It's a RTO counter, role by new management, and a group of experienced and expertise in earth work construction field. Hope I can help you all to minimise the loss in Karim's related counter. Feel free to pm me if your are interested.
No worries guys, this is a strong fundamental stock and will shoot up above RM 1.0... and it will happen in few months down the road after the share consolidation of 5:1 at 0.20 cents
Do not touch this stock. Big volume at buy queue only a trick so that retailers buy higher. Next trading day opening price gap down again. These Karim stocks all rubbish
Quarter Result on 30-Jun-2021[#0] QoQ - -260.25% YoY - -485.75%
Can't imagine why would anyone collect this counter with this kind of result. No other stock to buy on Bursa is it? Better buy glove stocks than to gamble your money with this counter.
normally the business performance affects share price .... but this freak is the other way round, when share price drops, it announced bad performance in their business, what logic is this?
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piranha88
233 posts
Posted by piranha88 > 2021-10-01 07:54 | Report Abuse
Calvintaneng, would you recommend a company with high and increasing receivables, high payables and not much cash and now in the red?
Yes, SCIB has more than RM1billion worth of projects but this goes right to 2030. And you see their trend. How are they going to finance their project. I don't think their recent PP was fully subscribed.
Read their report - they are behind time in carrying out their projects so how to get all those projected profits. Furthermore, they cite high material costs.
You paint a too rosy picture of SCIB
But anyway, thanks to what you wrote before you u turned your opinion, I cashed out.
Not a sell call. I have nothing against SCiB