Kingkoil, I If fell on your Kingkoil bed , it would provide as a cushion and so comfortable. It would rebound. What to worry ? Don't cause panic. I think you haven't owned any shares. That's why you yell at people to sell ? If dropped I can add. After all , POWERWELL is a good stock with strong fundamentals.. Thank you for providing us a Kingkoil bed to jump on . So it won't hurt. Hahaha !!!
They , boasted over 38 years of experience in the power distribution business and strong partnerships with industry giants Siemens and Schneider, stands to benefit from the thriving data center, renewable energy, and infrastructure sectors. With an orderbook of approximately RM70 million and a tenderbook exceeding RM280 million, the company seems well-positioned for the next 1-2 years. Furthermore, its recent net cash position and dividend payouts make it an attractive prospect for long-term investors. Projected growth in core profits after tax and a fair value estimate of RM0.56 indicate promising potential, supported by its expansion into renewable energy and one-stop solutions services. However, potential risks include slower construction project awards and forex fluctuations due to purchases from overseas suppliers
Reference to the last sentence of the comments above. The purchases from overseas are normally dealt with US dollars. Our government has taken firm actions to stabilise the Ringgit and our government foresee that the Ringgit would rise against the US Dollars. So the" appreciation of Ringgit' against the US Dollars augurs well for POWERWELL.In other words, the import costs would be reduced giving rise to more profits for POWERWELL.
So, we would likely to expect another good quarter for the financial year 31-03-2024 , most probably with another dividend to reward the shareholders and investors.
The disposal of 12.5million shares (2.15%) through DBT (Direct Business Deal) was done on 08-03-2024 . The disposal price at that time was RM0.43 per share. So the buyer should be a strong investor and should have great confidence in POWERWELL.
https://theedgemalaysia.com/node/707084 "POWERWELL may extend its upward trajectory, says Rakuten Trade" One of the top stories on 05 April 2024 from the Edge Malaysia with technical and strong fundamental analysis.
The "Power" of POWERWELL is revealed from the download directly shown above. For those who would like to know more the details, read the report to find out.
Tomorrow (22-04-2024 Monday) there could be a possibility of rebound due to 1) Dow Jones up by more than 210 points on last Friday. 2) No war between Israel and Iran 3) Malaysian Ringgit exchange rate gradually rise against the US Dollars. All these are favourable factors
On 12-04-2024 some big buyers offered between the prices of RM0.42 and RM0.45 for the large chunks of POWERWELL shares. That shows how confident the buyers are for POWERWELL
Both Dow Jones and Nasdaq rise more than 200 points at 11.11 am Tuesday 23 -04-2024 morning New York Time . So likely POWERWELL would rise towards higher high on Wednesday 24-04-2024 or thereafter Just my opinion and prediction as I have great confidence in POWERWELL:s potential. (Not a buy or sell call)
Tomorrow 26-04-2024 Friday, dividend will be credited to the accounts for those who are entitled . Esok kalau dapat dividend , jangan lupa belanja minum tea ya ! Happy happy lah ! Ha Ha
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....
damansaraeagle
1,788 posts
Posted by damansaraeagle > 2024-03-27 15:58 | Report Abuse
wanna buy cheap. buy now