With CPO still trending downwards, will Mewah go into losses soon?
(06-05-2013, 03:12 PM)Gaudente Wrote: [ -> ]bloomberg gives a P/E of 22 and a div yield of 2.5% for this counter at today's price of 0.445 ... can't see any bargain here
With the CPO still not having any signs of bottoming out, are you still vested?
Do we have any leading indicators or proxy for leading indictators for CPO ?
tks.
(27-03-2012, 04:12 PM)kng Wrote: [ -> ]Enter this stock with 52cents. expect it can up till 80 cent
Are u still holding onto Mewah at 52 cents?
Palm oil industry is in recession. Good time to accumulate all Palm Oil related counters..
In a few years time, it will be boom and we can sell off again to recycle the cash
In a few years, REITS would probably be in recession, Can pick some up again. Sector rotation..
(27-03-2012, 04:12 PM)kng Wrote: [ -> ]Enter this stock with 52cents. expect it can up till 80 cent
Mewah has been burning cash since IPO and now is borrowing to fund its negative OCF and CAPEX. Its admin expense has been increasing, hence eroding its NPM. Not to mention interest expense.
Until Mewah controls its admin expense and lowers borrowing, I wont be that interested in this company
Hahahaha. ... Mewah has gone up from 40 cents to 50 cents .....
(10-08-2013, 01:22 PM)CY09 Wrote: [ -> ]Mewah has been burning cash since IPO and now is borrowing to fund its negative OCF and CAPEX. Its admin expense has been increasing, hence eroding its NPM. Not to mention interest expense.
Until Mewah controls its admin expense and lowers borrowing, I wont be that interested in this company
Four years later, it looks like not much has changed here.
http://infopub.sgx.com/FileOpen/Mewah_Q2...eID=466560
Mewah posted a profit of US$3m this HY17. However, it also recorded US$13.8m in forex gains. Which means it will be loss making with these forex gains.
Mewah's total debt now stand at about US$310m. All this debt it is taking to fund negative OCF and CAPEX, I guess Mewah it is trying to become the next Wilmar?