I somehow think that Current Market is flooded with TA / Goreng Player. That's why those bad performance company still can up up up because the trend / candlestick is moving upwards which is good in TA POV.
Only the declaration of an interim dividend can save this stock from manipulation after all they have ardy earned 35 sen half year mark can easily pay out 10 sen unless they expect equal amount of losses for the next 2 qtrs hehe
@keatdash73 bursa overall performance no doubt affected by the current political upheaval however good a stock is no foreign fund will pick it up for now
Despite the financial result regardless making profit or loss, look at last few post QR stock price...it look like drastic drop. Someone purposely make it?
Q2 '21 results is far better than I expected even with the rise of the naptha prices. Despite the gradual narrowing of the naptha price spread, the result going forward is still foreseen to be good. Estimate circa EPS 50sen p.a. If they can increase production utilization % to 90 or increase capacity with their cash, that will be a bumper up.
Look at the Gross Profit Margin in Q1 & Q2, there is a 3% decrease from 23% to 20% only. This prove that significant increase in cost doesn’t affect the overall profitability of the company. I do agree with Wok that production utilization is important. Hope that they can increase the rate efficiently.
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....
SandCoffee
113 posts
Posted by SandCoffee > 2021-07-29 15:54 | Report Abuse
Aww man, I topup this morning at Rm2.80. Don't understand why price keep dropping.