$Union Gas (1F2.SG)$ it is good time to enter now?

Crunchin_time : damn good time lmao, it's a strong company with solid fundamentals, if you buy in now, P sure you can double your earnings within a year

VI7138Moo : may I know what is the cause of drastic  drop??

102725690 : This is a terrible company Isn’t it? Their 1H2021 results were truly abysmaL.

Market was expecting substantial growth but instead net income went down by 25% despite some revenue growth. Company attributed this to higher costs but gave no further explanation whatsoever?  Shouldn’t most of their LPG input costs be passed through to the end consumer?

At 1H2021 earnings of 2.29 cents, if u annualised this, stock at 72 cents is still 16x pe for a micro cap, highly illiquid stock with no plan for substantial capital return to shareholders and no post covid growth plan. This is a company that got lucky with COVID circuit breakers and lockdowns.

I think it goes straight back down to being a 6-8x PE stock or worse. Price target 40 cents within a mth

ProAboveMe : Observe a little more. I am looking at 0.5.

102725690 : In my view, better sell right now while still got chance. Agree it goes to 50 cents at minimum , maybe 30-40 cents. Plenty of no growth micro caps on sgx trade at 4-5x pe mind u

102172869 : Based on TA, 3 red candles on the weekly charts show it is a sign of reversal to the downside. And for FA, the results disappoint so many investors.  If you enter now, you might catch a falling knife. Dyodd. Cheers.

Baby steps OP 102172869 : I bought it before see you reply.
Just hope it will be going up ASAP

VI7138Moo : Thanks so much for yr time and details explanation.... agreed w u totally....

VI7138Moo 102172869 : Thanks for your adv

101632961 : Bought at 1.17, sold at 0.83. Thankfully its jus 3k shares. Should have listen to my friend, nvr venture into oil n gas stocks... If this amount of 3k shares were to be spent on UMS a month ago, I would have made at least 300bucks today....