Looks like good value and ripe for the picking. Current PE <6, DY around 6-7%. Price weak due to market sentiment on property sector. But company's new sales, profit, unbilled sales still maintain strong last quarter One large township focused on landed property below RM600K May consider to Add some shares if you have extra cash But of course, diversify and hold cash in current volatile market
warrant non stop dropping from day one rm1.15 openning to 0.30 lowest today. Whole market buyers loss big money in this matrix-wa. If this is a good company then warrant won't open high and down for half years to kill investor.
the warrant at current price has the lowest gearing ratio as compare to peers. For those matured in 2018-2020, consider malton and mahsing, they were around 60%. And matrix has been around 15%. Does Matrix this bad as compare to those other two companies? I doubt.
This happened probably just because lack of liquidity. So fearful retail investors has no patient to see its poor performance, they cut loss to speculate other stocks, as they always do.
warrant of matrix drop to 0.30? If you take a closer look, it only 1-lot was traded at 0.30. I highly doubt that some people try to make others panic so they can collect at lower price.
it looks quite possible. And it's very difficult for those who want to buy because of extremely limited liquidity. So they took the chance to easily pressed price down. When price goes really low, panic arise and sellers will appear. By then, even if they buy up and push price up, at the end of day it's still cheap.
This is one steady counter. Solid fundamentals, maybe slightly windy for 2016-2017 as property sector faces a cool down, but at this price range it is almost a bargain. A reminder, a bargain is always ideal, but getting at a fair and reasonable price is just as good. Look at some of the older comments here by wise sifus, they have been visionaries, nothing more for me to add.
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....
fong7
649 posts
Posted by fong7 > 2015-11-18 15:50 | Report Abuse
oops....