Latitude Tree & FACB Ind Incorporated

Latitude Tree Holdings Bhd (Rm1.48)

Latitude Tree reported very strong earning for its latest Quarter ending 30th September. Earning per share for 3 months is 15.02 sens. NTA is Rm 2.57 per share.

Its stock price opened with a gap with high volume and closed the day at Rm1.48. It gained 14 sens (10%). With the surge today, it is forming the wave vii of its major wave 3 of its mega wave (3).

FACB Industries Incorporated (Rm 1.28)

FACB Ind previous Quarter (ending 30th June) earning is only 7.07 sens a share. Yesterday it announced an earning of 76.64 sens a share for its latest Quarter ending 30th September. NTA is Rm 2.61 a share. The high earning is due to gain from disposal of a piece of land with two factory buildings for Rm 97 millions

It is possible that this is the starting of its wave 5 of its major wave (3). Its price opened strongly with a gap and with high volume. But at the end of the day it gained only 4 sens (3%).

The interesting thing for FACB Ind is its cash in hand after the disposal of that property mentioned earlier.

It has about Rm 149 million of cash in hand.

Looking at its liability, it has no borrowing at all. If I divide Rm 149 million by the number of shares, 85 millions, I get Rm 1.75 of cash per share. Besides this Rm 1.75, it still has its other businesses in manufacturing and trading of steel pipes & mattresses (Dreamlands) with factories and assets in Malaysia, China and Hong Kong.


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