Despite its high impairment and foreseeable more impairment, the stock price is doing very well. Have to admit it's hard not to like this company. even if more people can't pay back it's loan, the price will keep going up! Stronger than banks. Much better than all banks. See eg. CIMB stock price chart, still under pressure...
This is like Ah long biz, super high margin. The only worry is widespread default, which could be just starting. Impairment of receivables can wipe out Current and previous profits in coming quarters.
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....
Beast
307 posts
Posted by Beast > 2020-08-13 20:59 | Report Abuse
Same like aeoncr , quarter to quarter will improve