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2 option for you. Hug die die don’t let go and sun bian lodge report to minority shareholder watch group. Let it delist and continue to hug. Pray hard that it will issue nice dividend for scientex and you will also be benefited from it. Or… sell and go buy other plastic packaging shares like thong guan or bpplastic, since their share also equally depress now. The 2 big fund decided not to waste time with the
Lim family.
Scientex Packaging (Ayer Keroh) Berhad is in a short-term downtrend, trading near its 52-week low due to weak earnings and recent dividend payout. Technical indicators show it is nearly oversold, suggesting a possible small rebound. However, unless it breaks above RM 1.69, the outlook stays bearish.
Over the past 5 years, the stock price have gone through several cycles. It currently seems to be at the bottom of the cycle. While stock prices were cyclical, its ROE have been steady. A comparison of its ROE over the past 10 years compared to my reference companies - New Toyo and Canone - showed that SCIPACK was the best. Is this an investment opportunity to go in at the bottom of the price cycle knowing that the fundamentals have not changed? For details of New Toyo go to https://www.i4value.asia/2022/03/has-new-toyo-move-beyond-being-cigar.html#more