Hmmm.... If Salute is maxing out its capacity this year.... Then future is bright... Considering next year gaming and hearables not even launched.... amd those are supposed to be the main long terms profit driver
Key takeaway from zoom briefing with Salute ceo : Turnaround to profitable after five consecutive quarters of loss making. Due to taking on major new customers like Sonova. Four new products to start mass production by the end of September and another new product by the end of October. Hearables start mass production by year end. Wireless gaming headsets to be launched next year. Currently floor space capable of generating rm400 million annual capacity with 8%profit margins. Recent private placements were completed with local and foreign funds taking up the pp.
Last bullet already top up. Can check back previous comment..
If top up is new allocation fund.. but due to got other share selling cheap (I’m lost), so I focus accumulate another share. For Salute. Can drop below 60 sen is very very hard to get thjs price.. Last tome very hard to buy is below 0.50 sen.
From the way the price drops suddenly out of the blue, I can see that operator is deliberately washing out the weak willed hands. The operator accumulation is slow but obvious. We won't know how long they will play this game but only when they have collected enough. I'm waiting for the day the handbrake comes off.
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....
Posted by Powerplay666 > 2021-09-06 12:48 | Report Abuse
The Warren Buffet of Malaysia Loong Shi Lin has acquired a big stake also in Salute last June.