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In the long term, I firmly believe that this is a stock worth investing in. Their business is a near-term demand. Yet the stock price not really fully recovered from last year’s decline.
50% of my investment portfolio is in this stock. i have invested in this stock for 3mths time. So far every month the operator will gives chance to have some pocket money. My target price for this stock is to break their IPO price.
Kelvin Lim, the opening price for first trading day of the stock's was 0.56. After the bonus issue 1:1 on last year Jan, the corrected price is become 0.28. So there must be a strong resistant within 0.28 to 0.305(highest point in the history). For me, i will based on the stock momentum to decide when is the good time to quit. May be this stock will break the past highest price... Hopefully it happen In few month times....
Kelvin, cannot say it is undervalue. As it still negative in profit but good is it is net cash company. For me, this company having bright potential in the near future.