Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Yes, it can be unnerving to see fajar share price keeps on drifting down to 0.355 until it staged an unanticipated recovery to 0.375.
"Hope springs eternal in the human breast." - Alexander Pope
Fajar is a long game and those keeps faith in it will eventually be rewarded. I guess it will goes down again should there be a Wall Street crash. It will be an opportune time to scoop and keep.
While there is good ground to have faith in Fajar; its for the longer term and not over the short term, its because its share price may fluctuates due to various negative news including the possible recession in US.
I guess the dampener for Fajar was the outsized deffered tax that took a huge bite from the record earnings.
Peter Lynch the legendary fund manager stated that continuous good earnings are the primary factor that caused share prices to go up. He used the example of Coca-Cola for his example.
So next quarterly earning bearing good results by Fajar will see its stock price goes up.
Many blue Chips saw their stock prices appreciated because of their good earning results over the years.
Yes, cash rich company with 1 billion order book and tendering for contracts worth 4 billions. Its value will eventually be refected in future earning reports which will cause its share price to appreciate.
