Based on 8,075,000 quoted shares of CBL held by Straits, the market value of investment in the associate company CBL quoted shares for today 6.6.2023 should be 8,075,000 x 2.775 x RM4.605 = RM103,189,415.
*The cost of investment if truely reported in their QR report ended 31 March 2023 is at RM28,483,000. TAYOR
What happening today? Looking at the time vs transactions, seem like only few people involved and at times trying to push up the price to 0.11 with only 100 units and 200 units at a time while disposing at 0.105 continuously Then towards end trading day, huge volume of demand @ 0.105 ??
Revenue reduce but net profit improved. Shouldn't this good? Better cost managed. In oil bunkering and trading revenue moves with the commodity price . It do not really justify the performance . I would prefer to look at it net profit
: Straits Energy Resources Bhd's 70%-owned subsidiary Straits CommNet Solutions Sdn Bhd (SCS) has accepted a RM27.74mil contract from main contractor Tianu Sdn Bhd for the installation of aluminium XLPE underground cables and accessories for the asset development of Tenaga Nasional Bhd.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....