03-06-2014, 09:19 AM
The quality of gains at Metro over the years have not be fantastic. Without one-offs, core earnings has been very low.
GG
GG
(03-06-2014, 09:07 AM)camelking Wrote: sold all my holding in metro after 1 plus years.
i think the price has peaked with the 6 cents dividend and 100m net profit.
I do not think, going forward, the company can achieve the same or higher level of profitability again.
A closer look reveal half of the profit for FY 14 came from one-off gain such as negative goodwill, revaluation and gain on disposal of 100H pansir panjang.
As mentioned before, i am worried about the sale for the development at prince charles crescent.
Well,i could be wrong..Let's see.