In the article, the part which caught my attention is the last few paragraphs. Extracted from the article, as follows.
Asked why investors should consider Wegmans shares, Law says the stock holds more value, given the company's growth plans and production capacity expansion.
Based on the figures provided by the company, its latest price-to-earnings (PE) ratio is about 12 times. The company expects its PE ratio to improve significantly once its production capacity doubles, which would potentially raise the group's revenue and bottom line.
Since its listings last year, the stock has risen by about 21%. Currently, Wegmans' market capitalisation stands at RM172.5mil, based on its closing share price pf 34.5 sen yesterday.
In the first nine months of FY18, the furniture maker recorded a net profit of RM6.37mil, against a revenue of RM67.2mil. There are no comparative figures for the proceeding corresponding period.
Several days later, on 20 Feb, TheStar published the company's quarterly earning.
For details, click here.
Check out the chart attached below, how the share price reacted in relation to the news reported.
Daily chart.
What do you think the share price outcome in the coming days ?
Source :
1) Metastock
2) www.thestar.com.my and TheStar newspaper.
Note :
1) "Power Within Metastock"
2) If you wish to check your favourite stock using S-Trader tools, please feel free to drop us an email via Contact Us.
