I apply for the IPO but didn't get allocated, apparently bumi quota has 90% approval rate, while public quota only has 40%, anyway, i bought when it opens
Good -Industry leading gross and net profit margins -No dividend payout, profits retained for future growth -Negative and even decreasing working capital requirement! -Supports widest range of card scheme -The only partner of Alibaba in Malaysia -Booming industry -Good liquidity -Experienced management -Competitive product pricing -Internal R&D -Forex, receive MYR, pay CNY (MYR/CNY has been appreciating, only recently in consolidation mode)
Bad -Expensive director remuneration (yet i think worth it since net profit margin can remain at such high level even after paying them expensively, now i learn how to appreciates good management) -High reliance on Alibaba (up to personal taste, good for further partnering in the future, bad for overly relying on Alibaba, to me i prefer a more diversified revenue base)
Holding for long term, could turn into a classic buffett stock, only thing missing is they need to build their moat (their name) in Malaysia.
after sharks dispose they will swift to new stocks which retails don't have.retailers will stuck to their old wife.blady crooks control this bursa must revamp.PH mata buta kah?
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....
LaksaBoy
353 posts
Posted by LaksaBoy > 2018-07-18 08:46 | Report Abuse
any ideas how to trade this new stock?