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

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