Never denied that cloud storage services might become a trending business after this crisis is over as companies started to aware that physical storage is less efficiency under uncertainty like MCO.
if patience is your virtue, 70-80c sure can reach in 2 mths, but coming earnings should be within expectation and not affected by covid, 3-4m is decent if >5 would be good
Nothing to worry as a experience guys like me,I Knew what going on in the report. Management sell product to Germany company but didn't paid yet. Next quarter they will adding back after they get from customer. Just be patient and hold of drop
Eat coconut, u should know even when theb customer not yet paid, revenue is recognised alr according to ifrs 15 if the performance obligations are satisfied right, don't be silly ok
I would say the results not bad as expected. Suprisingly the revenue increasing y-o-y, just that the cogs and operation cost getting higher during the pandemic breakout.
who's the gooshen in this counter? Btw, this co fundamental consider quite strong with low debt and high liquidity of cash flows, pandemic outbreak still capable to generate net cash of 5.9mil from operations compared to previous 2018/2019 quarter with losses.
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2020-05-14 06:57 | Report Abuse
if drop below 60c, add more, will never regret holding till crisis over