The trend is your friend. The rainbow average is your guardian angel. When the price is flying above the rainbow, it is a r rising star.
Nota
Latest quarter 30-09-2020 Net Profit RM956,000. Last financial year net loss more than RM20m due to accounting entry to write off intangible goodwill so it is not an indication that the company has financial problem but in fact their current ratio around 2x is a healthy sign. They have diversified into unrelated palm oil plantation with about 4000 acres but at least not as bad as some of those ventured into glove business which is at the tail end of the supernormal cycle. Palm oil price could be back to up cycle due to improving economy. A multi billion Taiwanese company called Inventec Appliances Corp owned 5% shareholding so they could have some business relationship as both in the similar line of business.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.