@MingGoon, be careful to invest with the 3 counters that you mentioned. Oil counters has too much uncertainty plus tomorrow is the expiry of June WTI contract. Not to denied that glove makers and HC is doing very well due to demand but it has been overpriced, some has been surge 10x, but did them able to pick up their revenue/profit > 10x? No comment on properties, it will take longer time to recover.
Just imagine if the pandemic last a year and longer, like everyone need to work from home, could Krono expertise making business? I might be wrong, but I believe Technology theme might be next hits especially business like cloud-based edm, video surveillance and laboratory tech.
If Q1 with only 2 weeks impact from MCO, Krono already cannot deliver reasonable earning, we should not expect it to perform good in longer MCO. Q1 result tells that the management is no efficient in doing this biz. The poor performance will be compounded to very worst in pandemic going forward. The most important criteria in investing in any company is the integrity and efficiency of Board of Director.
collect when price weakness. Krono explode when 5G ara comes .... Maybe the next sector sharks going to goreng will be 5g related stocks after oil and construction sector
Very hollow and lip service type of comments from CEO on the fishy Q1 result. Just 2 weeks into MCO(2nd half of March), he already knew that there will be a new normalcy in the industry and new infrastructure is required and old infrastructure is put into impairment. What a big joke. RM11 million is not a money to him. If he got God sense to know the industry change in advance, why don't he uses his God sense to judge when he bought the RM11 million impaired assets.
It is clear that the Management, especially the CFO has not been forward looking and had awoken to such drastic impairment during this critical period. Shareholders had been very supportive and such high impairment should could be carried over a period of time; this period when even other lower liners are heading north. So investors caveat emptor ! ! !
“With the new normalcy coming into space, we are getting a lot of enquiries from schools, such as polytechnics and universities, as they need to allow students to do more projects at home. They not only need backup solutions or data as a service, they also need production and editing services,”
The worse of Krono share price have over after take into account recent Q loss due to ONE OFF impairment. The 5G and storage data management is still a key theme in 2020.
Bear my words, I would say you got no chance to collect below NTA 0.45 the hardcore resistance. Most of the panic sellers has been cutting losses for last few days even before qr release and with ss suspended, speculators have no chance man.
WOW!! Talk very loud and fierce lor, anything is possible in share market, hope you won’t lecture by mr market for your ego and ignorance , hahahahahahah
NTA theory applies only to quality stocks, this Cono like most of tech stocks on bursa, is RUBBISH - making losses for most of the quarters, all financial ratio is terrible. Only good for PUMP AND DUMP
@Ramktisa, Yes anything can happen, but we invest with strategy. In case if it really drop below 0.45 not because of market crash, then just cut loss, it's additional 15% losses from current price.
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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....
WLiang777
95 posts
Posted by WLiang777 > 2020-05-18 15:59 | Report Abuse
hope so... can buy lower later