Oct 6 2008, 06:47 PM
QUOTE(rayloo @ Oct 5 2008, 05:36 PM)
I studied her financial statement found this counter is jet-speeding in growth from the past 6 years.
1) Sales 44%
2) Profit after tax 39%
2) EPS growth 34%
3) Nett Assest 32%
4) Cash grow 60%
People suggested that her fair value should be around triple of current price at RM4 which is about RM12+. Is it too good to be true ? How come the transaction volumn is so low ? I think it is neglected.
What all sifus comment here ?
Yup, looking at past trend suggest this company had growth at a rapid rate. Since listing in 2001 till 2007, its share price alone had risen by 3000%. Beginning 2007, its share price head south from high of 9.64 (adjusted price) till now around 4.00. Stiff competition by local (Supermax, APLI, Hartalega, Adventa etc) & foreign rubber glove company coupled by rapid increase in commodity price (rubber) may be a reason.1) Sales 44%
2) Profit after tax 39%
2) EPS growth 34%
3) Nett Assest 32%
4) Cash grow 60%
People suggested that her fair value should be around triple of current price at RM4 which is about RM12+. Is it too good to be true ? How come the transaction volumn is so low ? I think it is neglected.
What all sifus comment here ?
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