$NamCheong (1MZ.SG)$ overvalued but at least the market make...
overvalued but at least the market makers are not vicious unlike Mermaid ๐. Mermaid is destroyed by market makers. in future, punters will shy away from it. ๐
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bullrider_21 : High expenses for Mermaid, so net profit was lower than expected. Maybe the selldown was by traders who knew about the net profit.
102175775 OP : i doubt. it is clear the co 1st half is a huge turnaround compared to 2023. and usually 2nd half is much better. co price to book is so much better than Nam Cheong. after much thought, i think Lim & Tan analyst call could be biased. business with very thin net profit shd ie less than 5 pct is high risk investment. any swing in operations will bleed co. thus, personally i will chop this co as my investment. not even short term.