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what is the catalyst for Straits? why revenue by bil but profit is little? ntab is only 0.1814 only although is increasing. why this stock cannot move much???
under maximum scenario..they going to spend about RM50mil in cargo oil..
My assumption,
A- existing money to buy cargo oil (been rolling over and over)
B- NYSE IPO money to buy cargo oil
Once, B injected..A going to cover for next buy..thus..selling of cargo oil from B will have very big profit..instead of rolling from A over and over..which makes the profit a peanut..
Banle is an associate company of Straits..not a subsidiary..
the capital generated from Nasdaq IPO is directly manage by themselves..
And a small portion of their business profit goes to Straits
Will the listing of the subsidiary in NYSE benefited the existing minority shareholders? Or just a common trick to reallocate the company's resources to overseas?