Told you its going down below ipo price. Bcause business has peaked out just ahead of ipo. Saturated dy. Theres only so much milk people can drink. You supply more oso you cannot sell.
Price of fresh milk is getting expensive to buy even before inflation. Most people cant even afford to pay few RM for a small pack of fresh milk. Significant portion of the cost spent on the nice plastic packaging.
1.60 previously a key support now turn into resistance. Reclaim that, we can see it going back into the range and see if we get any follow through for higher price.
This counter will no drop much as the EPF and Directors not yet sell their tickets to you at high price ..... Just look at MR DIY they slowly sell tickets for 2 years ,,,,,,, The boss wrong timing if IPO 1 year ago The price should up to RM 4...
This is not australia or new zealand. Dairy cows will not work here because its hot. All the once fat cows when first arrived are now skinny. Go see for yourself in serdang there.
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....
Posted by newbie8080 > 2 months ago | Report Abuse
A disappointment, no growth in revenue, at least profit margin improved.