Wonder what is Datok Tiah intention as every few days, he'll buy 50,000 or 100,000 shares from the open market.
We refer to the notification by Datuk Tiah Thee Kian, the Non-Independent Non-Executive Chairman of the Company, on 24 February 2014 of his intention to deal in securities of the Company during closed period.
e.g.
Acquired 17/02/2014 100,000 0.758
Acquired 18/02/2014 100,000 0.763
Acquired 19/02/2014 50,000 0.770
He now has -
Direct (units) 519,463,000
Direct (%) 30.34
Share close at RM0.775 today. He must have thought his company shares is under-priced now, else he would have spent tens of thousands of RM every few days buying shares from the open market.
Maybe he has a plan later to boost up the share price so he can make big profits on his holdings. So should we also throw in some money to buy some shares now ?
Anyway, IMO looking at the latest qterly results, the share in under-price as NAS of RM1.74 is more than double the current share price of RM0.775. For the 1st 3 qters of the financial year gives a EPS of 6.3 cents, so annualized is 8.4 cents, giving a PE ratio of just 9.2. IMO, the share is worth min RM1, based on these 2 stats.
TA Enterprise
Mar 13 2014, 10:14 PM
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