This counter was brought to my attention by fellow visitor Leno, whom commented this company's strong earnings were questionable. Leno and I have decided to do some CSI jobs on this counter from FA and TA perspectives. (Perhaps just to show that FA and TA fellows can be friends afterall, akekek)
Leno, to be fair, as I have the advantage of posting articles right on the front and you don't here, so we have better update the development of this in the comment column. OK, Leno, Hero or Zero? TOM, can talk only, acting smart or acting dumb. Game on! Time will tell.
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Let's talk KLSE stock market or FKLI when it is hot, talk something else when stock market is not so hot, biasa lah. (I am not a Guru wannabe. This blog is for my pleasure, and a bonus if it makes you happy). Invest, Trade Bursa Malaysia, Kuala Lumpur Composite Index, Trend, Visit Malaysia, Truely Asia, Exotic Malaysian Foods (Bah Kut Teh, Roti Canai, Nasi Lemak, Laksa, Char Kwey Tiao, Curry Fish Head).
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3 comments:
10.02.08 Hubline Leno’s financial analysis red flagged the stock (share price 0.495)
1. real value going down fast at 84.1 million per annum almost double the declared so-called profit
2. hanky-panky over the 'other receivables' which disappearing into 'plant & equipment'
3. refusal to recognised the loss of 17 million in 'investment in associated company.'
4. buying back share at high wrong price
5. Liabilities increase by 153.1 million but cash remain the same.
6. Acqusition proposal in Dec is a possible temporary track covering of the hanky panky.
Conclusion : should drop below 0.40 anytime.
Sell, sell, and sell. The chart telling lots of selling activities since mid/Jul/07. Wondering who has so many shares to dispose? It has not broken its downtrend (which started since 30/Oct/07). For the week of 11-15/Feb/07, it stopped sliding, but that doesn't mean it will move up. I would not touch this counter for now.
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