IWCITY (1589) - (richDad) - IWCITY: 20% return in 3 weeks, TAKING PROFIT
1. IWCITY hit RM3.29 this morning, only 3% more to my Target Price of RM3.38! I
wrote on IWCITY only recently on 13-March-2017 with Target Price of
RM3.38. Since the time of my blog on 13-March-2017 (at which share price
was RM2.59), I have made 20% return in 3 weeks time. As the share rice
is now very close to my fair value of RM3.38 I think it is time to take
some profit here.
Proof of my blog is here
https://klse.i3investor.com/blogs/richDad/118113.jsp
2. The full potential is RM4.50 but I need my margin of safety of 25%. The market is on uptrend everyone is happy. But my conservativeness reminds me that all party will be over somewhere soon, although the timing is up to everyone's guess. The story is intact you can read it everywhere in Internet, newspaper, reports... but I think I need that 25% margin of safety so I take profit.
3. IWCITY is still having negative EPS in FY16. As you can see below, its EPS is negative 1.83 sen in FY16. Yes, the market is looking forward. In fact, the target is to hit RM1.0b profit in the next 18 to 24 months. But I think my 20% return in 3 weeks is good enough. For those that make more in the future, it will be from the execution of the Company to realize the market expectation.
4. Out of 10 previos quarters, 8 quarters are in loss.
5. Looking for next good company to invest in... stay tuned..
IWCITY (1589) - (richDad) - IWCITY: 20% return in 3 weeks, TAKING PROFIT
http://klse.i3investor.com/blogs/richDad/119688.jsp
Proof of my blog is here
https://klse.i3investor.com/blogs/richDad/118113.jsp
2. The full potential is RM4.50 but I need my margin of safety of 25%. The market is on uptrend everyone is happy. But my conservativeness reminds me that all party will be over somewhere soon, although the timing is up to everyone's guess. The story is intact you can read it everywhere in Internet, newspaper, reports... but I think I need that 25% margin of safety so I take profit.
3. IWCITY is still having negative EPS in FY16. As you can see below, its EPS is negative 1.83 sen in FY16. Yes, the market is looking forward. In fact, the target is to hit RM1.0b profit in the next 18 to 24 months. But I think my 20% return in 3 weeks is good enough. For those that make more in the future, it will be from the execution of the Company to realize the market expectation.
4. Out of 10 previos quarters, 8 quarters are in loss.
5. Looking for next good company to invest in... stay tuned..
IWCITY (1589) - (richDad) - IWCITY: 20% return in 3 weeks, TAKING PROFIT
http://klse.i3investor.com/blogs/richDad/119688.jsp
