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Yea just trying to speculate a price target and keep my eyes on this counter. Whether or not to enter at that point depends on how quick it goes down and what is the pandemic condition at that future time.
A bold but seemingly realistic guess: the price will go south towards 0.46, the historical low, since no one knows how much has the negative impact priced in..
The Middle East incident recovered over short period only, so the oil price got corrected soon. U think company open their oil stock for sales only when the price is good? The profit gets averaged and normalized in long run.
No doubt the prospect is good, but when u look at the EPS few sens over past 4Q and the resulting high PE, u will realize it's not that profiting yet. Only when the EPS is 3 times or higher, the valuation will be attractive. But is it going to happen anytime soon given to the current situation where the people will tighten their belt?
At first glance, the latest price level is attractive. But based on what should the investors enter and collect the "discounted" shares? Given that Coronavirus will severely hit the results of at least next 2 quarters (means June-2020) - cumulative RM0.13/share of loss was made in previous 2 quarters, and it's definitely not pessimistic to presume a greater loss in next 2 quarters. The misconduct issue is not even mentioned yet, although its influence is pretty much outweighed by the virus.
