Pos Malaysia

Pos Malaysia

Postby winston » Thu Nov 22, 2018 3:00 pm

not vested

Pos Malaysia falls 7.81% on 2Q loss

by Surin Murugiah

KUALA LUMPUR (Nov 22): Pos Malaysia Bhd shares fell 7.81% this morning after it posted a net loss of RM16.58 million or 2.12 sen per share in the second quarter ended Sept, its first quarterly loss in nearly 10 years.

At 9.07am, Pos Malaysia fell 25 sen to RM2.95 with 93,700 shares done.

In the corresponding period last year, the company had posted a net profit of RM18.83 million or 2.41 sen per share.

Revenue for the quarter was flat at RM588.73 million.

For the cumulative six months, Pos Malaysia made a net loss of RM11.6 million or 1.48 sen per share, against a net profit of RM54.75 million or 6.99 sen per share last year.

Cumulative revenue slipped slightly to RM1.18 billion from RM1.2 billion.

Source: The Edge

http://www.theedgemarkets.com/article/p ... 81-2q-loss
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Pos Malaysia

Postby winston » Wed Jul 29, 2020 8:52 am

not vested

On stock selection, HLIB Research has upgraded POS to Buy with a new RM1.20 TP (+29% upside) in anticipation of a recovery ahead amid a surge in courier business and mild recovery in international mail business, offseting the affected logistics and aviation segment during MCO.

Technically, the stock is expected to advance further following recent downtrend channel breakout.

Further upside targets are situated near RM0.98-1.07-1.18 whilst supports are pegged at RM0.90-0.88-0.87.

Cut loss at RM0.85.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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