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The quarter’s result bad not because of bad management, it’s because of project provisions cost, it’s control company Favco (58%) earn lots of money, next quarter should be okay
We don’t have a financial crisis, we only have a health crisis which I think will over in one or two months time. Moreover,so much bad news already out and we are experiencing a lockdown at home and so many new ppl entering the stock market and we ourselves also got no where to go and follow the up and downs of the market, so it won’t go as low as 263 points in 1998
When we value a stock,we don’t see one quarter’s result,we have to see at least three to four years results, if the company is consistently making profits for the past few years, that means the company has a good management team,from Muhibbah’s result we can see that the revenue still very stable,they must some reason that cost overruns of certain project is unavoidable but I think the management will be able to overcome the problems. The price dropped from 3 something to about 0.70-0.80 cents is cheap enough to start collecting.