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the irrational selling of skpres will be the biggest challenge for shareholders :) loss aversion if you will and potentially resulting in premature profit taking due to the psychological pain of paper loss.
layman pov, PPE alone ady 361m, cash 100m+ total 461m, already more than current market cap when trading at 27-28 sen, no brainer not buying and dumb to dump
from rhbinvest - newly awarded key customer programmes (c.MYR180m pa) commencing in 2HFY27, alongside potential new orders (we assume MYR100m) Upside risks include a stronger-than-expected recovery in global consumer demand and higher-than-expected new order wins
well, i am using the conservative performance of fy26 (3% pbt margin, 2% net profit margin; low single digit margin) instead of the normalised high single digit to estimate how much it is worth. 4th floor is the conservative estimate. if the qtrly profit in fy27 is above 10mil, then, 6th floor it is. 7th floor requires mid to high twenty mil qtrly profit. well, net cash per share at low twenties and backed by hard assets worth 0.6. market price is at maximum pessimism :)
keep trading it if your plan is short term trading,牛. this is to ensure you wont be stuck in paper loss if it drops down or miss the big ride if it spikes up. it has sufficient liquidity :)
alright, have faith in your own plans. as for scomnet, i think it is not the right time yet. mr. market will have to price it to 3rd floor to reflect the weak industrial and automotive segment which have been structurally declining over the last 3 fiscal years while medical segment remains stable but flattish. i believe it will go below 0.40 in due time and it becomes attractive when it is at lower thirties; decent margins of safety if you will.
Surely its an opportunity and not a momentum trade :) the last two QRs explains how it arrived below 0.30. The market was optimistic when it was above 1.00 and maximum pessimism below 0.30. Is the business worth only below 0.30? Market can overshoot in both directions. If stock price alone determined future returns, no one would buy beaten down stocks. Recoveries start after decline and not before :) For me, I am buying bcos I think its worth more than 0.30 :)