So now the question is what is at what price it become undervalue. Without oversea expansion (yet. We have not heard any updates), no digital banking (confirm), China hunting down Mr. Ma (which i heard from the news) which eventually affecting the entire chain and thus affect revenue......so what price is consider good price? is RM 1 cheap? if it drop to 80c, is it cheaper? This 1 i really dunno how to value. Anyone can help??
Best time to buy is when the cunning sly fox eddy ng starts accumulating and buying back. Till then just avoid as no one knows how low it can still go down.
If you all spent some time to read the QR, I think big boss hinted. The main income is from Malaysia. Without expansion and digital banking license, not much room for growth. Also, the space is getting crowded.
From QR. (b) Regional expansion Our businesses are predominantly concentrated in Malaysia. As part of our future business expansion, the Group initially intend to expand to ASEAN market and we have identified two (2) potential countries for our regional expansion, namely Myanmar and Cambodia. However, due to the outbreak of Corona Virus Disease 2019 (“COVID-19”), the intended business plan was halted due to the lockdown of borders which impede the Group from travelling to Myanmar and Cambodia to set up its infrastructure and operations team. The Group has decided to temporary halt all regional business expansion until and upon the improvement of the pandemic. As the regional countries are slowly opening up the borders and receiving visitors, the Group will re-visit the regional expansion plan.
Whilst the country achieved a high level of vaccination rate and with the implementation of the third “booster” vaccine dose, the risk of COVID-19 virus infection is still lurking around and will continue to threaten the lives and the economy. With the global and local economy constantly lingering in uncertainty due to on-going battle to bring the COVID-19 pandemic under control, the financial performance for the financial year ending 2022 will remain challenging.
Note the key word "financial performance for the financial year ending 2022 will remain challenging."
Suddenly everyone so pessimistic on Revenue? Come to think of it, what else do they HV in the pipeline apart from rolling out more ETC machine? I think the growth will not be that significant anymore. If their plan is on banking on more ETC Machine in Malaysia, to me current price is expensive
Come to think of it between semicon that has also drop much recently and revenue, I think semicon is more attractive. Some have lower PE than revenue. At least their clientele are global. Good luck all. I give revenue a skip.
Hangus. Kalau macam ni, RM 1 pun tak berani beli. Memang nampak murah tapi perkembangan syarikat dah terhad. Tiada project atau market baru untuk tingkatkan sales. Saya pun rasa pada kadar ni macam mahal pulak.
Not saying the low is in right now, still need more data and confirmation. But if we get big sell and retails bearish into key support. We might be going for moon mission. IDK tho, no financial advice hahaha.
Rather of spotting the low, l rather look into what else the business can offer? If there is no new product or market, then I too think it is expensive. If they can restart their expansion plan to Indonesia, Myanmar, Thailand, then there will be big potential. Local market is saturated. How many more CDC machine can there sell? Unless the machine have a short lifespan and need all need to be replace or upgraded. I doubt the rate will not be exponential as they 1st started.
When you have a skl founder that only like to sell fake dreams on webinar what do you all expects. If he believes on his own company prospect, he won't go disposed it la while asking ppl to buy.
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Posted by trustmenojoke > 2022-05-05 16:08 | Report Abuse
below RM1.20 now....... heading towards RM1.00