At RM0.295, market capital only RM53mil. So undervalue this company. Even the share price increase RM0.60, the market cap are just RM100mil ++ If we can foresee Malaysia future is bright for the next few year (FDI come in, Political stable), then there should be no problem for this counter to reach RM100mil market capital.
Prospects Commentary for the financial year ending 29 February 2024
The Board anticipates operating environment continues to remain challenging in the short and medium-term in view of escalation of product and operating costs due to the weakening of the Malaysian Ringgit against major foreign currencies. Nonetheless, the Board is keeping a positive view of the Group performance for the FYE 29 February 2024, in view of order book on hand remains strong as of current quarter ended 31 August 2023, reported at approximately RM203 million. The Group will continue its effort to pursue for viable projects and create sustainable growth of order book, explore new market segment and opportunities to improve the Group’s performance.
No regret for take profit on Powerwell and switch to Cabnet. With the same amount of value, I can owned 1.5times more quantity in Cabnet. Market cap now only 53mil, still have high potential to grow. 1st Target Price should be RM0.35.
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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....
laucsh
50 posts
Posted by laucsh > 2023-11-09 22:11 | Report Abuse
i think pp soon or right issue,,,,becareful....