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Why share price keep dropping? Share price will cause market cap to be reduced. Now already less than 600 mils. They want to separate out F&B ,about 10% of market cap, 60 mils. If share price go lower and lower by next year, F&B will cause below far away from 60 mils. Then this Ang family will buy cheaper price, less than 60mils. Maybe 50 mils only. This all control by them.
Share price won’t move due to reasons:
1. Company to dispose F&B portion to gain some capital to invest. Why? Short of cash on hand?
2. Earning per share will drop without contribution from F&B portion. Can plastics portion business to overcome this on coming quarters?