Koon Yew Yin 10 Aug 2020
Today its share price dropped 21 sento close at Rm 4.15. It reported reduced profit of EPS 3.53 sen in the last quarter ending March 2020. Total EPS for the last 4 quarters is 16.89 sen. It is selling at 25 P/E.
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The price chart is showing down trend. Never buy a down trending stock because you do know when the price will go up. Moreover, it has no profit growth prospect because it has reported reduced profit in the last quarter. Profit growth prospect is the most powerful catalyst to push up share price.
