If we factor in the net write back on impairment loss and the unrealised loss in FX, then the core net portion will increase by RM12 mil to RM98 mil. Pretty decent.
I’m still curious why the JV is so bad. Maybe cost overruns for Kakinada project?
Also, there was a planned shutdown for Kraken in September, so revenue and profit a bit down as well due to that (easily around RM5 to 10mil profits).
True, no selling pressure, so there's that. Though presumably those who bought with insider information or rumour of the results releasing (see how the price went up the past few days), may have sold at the open at 2.30pm earlier.
exited all at 27 ssen, wait to collect again below 24sen...
Last quarter 120mil profit up 30.5sen and drop all the way down to 20.5 sen...See no reason why 80 mil profit (although 100mil core operating profit), would do anybetter considering Q4 normally full of stupid surprises.
Advance one...say very good...interest dropped, debts drop, finance cost drop. Core operating profit increase if exclude impairment.
Majoriryt....Is it good or bad. If u don't decide, i'm going to sell first. If you don't decide, I better buy first.
So, meow meow faster go buy, create by momentum.
At the moment, no selling pressure yet. I don't think FM will dump at 4pm. Fundamentally improved. 19/11/2020 2:45 PM
Meow RJ97, I already sapu when everyone was scared to buy early this year when it was below 15 sen.. You can check all my posting at that time when there were so many Naysayers,,,
Now waiting patiently ...3 more sen to fires my 1st Missiles from this Armada Battleship..
Meow meow also waiting to take profit at 30sen...like this no need buy liao...I tot meow meow going to increase exposure...but turns out, she also don't like the report as much...hahahha
Anyway, I don't like Armada surprise surprise....Fed 2021 and Nov 2021 another surprise surprise...likely gonna range bound until 2022....
This is definitely not the time for us to buy. It's time for us to reaps what we have sown..
Soon our waiting game will be over. All Mabel's Armada Cruise Missiles are now ready to launch when Armada breaches Mabel Target Price.at different intervals. Soon you will see lots of fireworks in the skies.
This Battle will be more spectacular than our last battle...Trust me...
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....
Mabel
24,083 posts
Posted by Mabel > 2020-11-19 11:40 | Report Abuse
@Lukesharewalker Potential 36 cents
19/11/2020 10:44 AM
Exactly..as always Mabel will not fires all Missiles to lock profits..
Reserve some for higher reaps...
Meow..