Why I bought MBMR?
Look at its financial statement, 4 quarters give you EPS 56 cents
Cash on hand RM 178 million, Net cash RM 142 million.
Current share price RM 3.40, which gives PE 6
This price should consider undervalue due to its solid business and special car demand in Malaysia.
Managing Director Looi Kok Loon recently has bought in a lot of shares as well.
28/12/2010 40,000 shares
3/1/2011 62,000 shares
4/1/2011 48,600 shares
5/1/2011 79,400 shares
6/1/2011 20,000 shares
And of course recently high volume~
Any idea why the price of the share dropped recently? Tx.
ReplyDeleteSorry for late reply, I am just back from CNY holiday. Does it dropped very seriously?
ReplyDeleteI have checked back recent price movement, there is no significant movement in price or do I missed out something there?
Not significantly. From 2.3x to 2.2x and 2.1x.
ReplyDeleteBut seem like the stock is on the downtrend now. Im quite worry by it.
Any comments and suggestion?
Tx!
As long as its fundamental do not change, I do not think it has any big problem.
ReplyDeleteUnless there is something I do not know inside.. :)
Yes , i totally agree with you.
ReplyDeleteI like your stock choices very much : MBMR , Century and Coastal. All considered undervalued and profitable companies though may need some patience.
Tx!