A stock of controversy :
- Financial result released on 27 November: good, eps 1.11 cents, giving the stock PE < 10 (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1474313)
- Increase NTA to RM 0.23
- Currently at year low: RM 0.25 to RM 0.265 ( due to rumors? panic sell down after downgrade by RHB ? Major Shareholders sell down?)
- Future growth +++ especially the pending awards of contracts by Ministry.
- Business starts to turn around since last year June 2012 when the EPS increased handsomely from 0.01 cents to 1.11 cents!
- sell down by Major Share holders.
- downgrade by RHB research (http://klse.i3investor.com/blogs/rhb/42228.jsp)
By the way, RHB give a pro and cons of this company, it is worthwhile to read.
At the end of the day.... It is to decide whether to enter this company or not.
I would see this as an opportunity as the financial results are solid with the protected FUTURE GROWTH.
What is your opinion?