Good result . Why plunged ?
$CAPITALA (5099.MY)$ consider decent earnings result , any idea why?
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102420347 OP : Capital A Bhd
MIDF Amanah Investment Bank Bhd (MIDF Research) has downgraded Capital A Bhd to a NEUTRAL rating, with a revised target price of 99 sen, reflecting a 9.2% downside from its current price of RM1.09. This follows an unexpected loss posted in 3QFY24, which significantly missed MIDF Research's expectations, leading to a downward revision of earnings projections by up to 214%.
jobless jack : gains are forex exchange based. otherwise it might came as loss.
牛20240228 : Profit is foreign exchange income, not operating profit. C and A are not making money.