• PAT adversely impacted by a non-cash net deferred tax liability charge relating to the UK’s Energy Profits Levy (“EPL”) of RM104.0 million. • Removing one-off non-operational adjustments result in a “normalised” PAT of RM115.4 million for the Current Quarter and RM230.1 million for the first half of FY2023.
Buybacks shouldn't be exercised when stock prices are sky high. I hope there will be fewer day traders/punters once buybacks reduce the free float volume.
If you look at long term, if the management starts buying back up to 10% within this financial year, and if they will propose another 10% buyback for the next financial year.
Can’t really think of any case where SBB of this scale actually worked to move the share price. But this is Bursas only direct oil play ex futures. Looking pretty solid but so far range bound. Observe & monitor first. Liquid counter easy in easy out
But this actually very good for inflation as oil price going down. The effect is much on oil and gas counter like Hibiscus but for others like semiconductor and chip maybe good news because inflation will start cold down.
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....
Johnchew5
11,780 posts
Posted by Johnchew5 > 2023-02-21 22:30 |
Post removed.Why?