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Finally reached $4.00. Has been staying below $4.00 for too long. Most havey weight counters have gone up except this.
What new strategies? Did the company elaborate?
Actually, I had the counter on my radar when it fell to the range of $1.86 to $2.30 this year. When news on its loss of certain franchise (Coca Cola, I think) came out, I decided to give it a miss because I was unsure about the impact.
Chairman is LEE HY. Nothing to worry, prospect is bright.
Not moving before because of the loss of the Coca Cola franchise. However the new strategy that is being implemented during the next two years should see them not only making up for the loss but also increase their revenue with the introduction of new products.
Just sold off some lots recently. Not moving so switch to other counters to work better.
If it moves, do post to inform one another. Will switch back later.Thanks.
leoncyber16 ( Date: 13-Nov-2009 18:42) Posted:
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Lastest result indicate attributable profit increased by 25% to $466.5m and PBIT increased by 6% to $810.6m and yet investors appear hesistant. Reading the latest report a new growth strategy is emerging with the new chairman firmly helming this comapny to greater heights. It is also surprising that this blue chip company's present market price is lower than its nav which is at $4.01. This share is defintely worth keeping watch and keeping in your portfolio.