This counter is just like the next Inari. It is never too expensive. This company has no borrowings. 2020F PE at 13x. Institutional shareholders will chase it up.
Pang72 Could it be : director that sold 100k shares - his 300k shares is financed. So by selling 100k shares , enough to pay the 200k shares In full n don’t need to pay interest.
Sorry Newbie8080. Didn't mean to spread fake news. I should have used the term 'net cash position'. MI is planning to pay off the outstanding borrowings this year, RM7.876m, which is now dwarfed by the outstanding cash balance of RM229.2m. As at 30 June 2018, net cash stood at RM221.3m.
newbie8080 @ Birdbird
Please don't spread fake news. The company has borrowings of rm7.8mil. 19/09/2018 20:27
Another Trade war is coming soon. If that D.Trump insisted of charging those taxes money on China. China will come and purchase more tech product from Malaysia.
Why they wanna pay extra money to USA? THey will just buy with lower price with our country
Soon this counter will raise non stop due to foreign invest. The trade war not only affected China only. Taiwan, Philipine, Europe country too will affected by that silly D.Trump
There will always be correction. This will make way for new shareholders to come in as the shares change hands. Institutional interest is getting stronger.
So far, only 1 research house cover MI - Affin Hwang. When more of those analysts start covering it, share price will go up. Hard to find a counter with > 20% ROE.
Chill la. Not everyday is honeymoon.. I bought at 1.72. It was flat for 3-4 days back then before it jumped. You should only panic if you are a day trader.
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....
Lucas Chan
1,674 posts
Posted by Lucas Chan > 2018-09-19 12:55 | Report Abuse
Pe 72!!!