BJCorp has reported an earning per share of 19.64 sens for its latest quarter ending 31st January 2015 over the weekend. The sharp improvement is mainly due to an 'one-off' item under 'Investment related income' of Rm 1.053 billion due to the divestment of BAuto shares and the re-measurement of fair value of its remaining 36.74% equity interest in BAuto.
Its profit from normal operation has in fact dropped 23% from 227 million to 174 million for the same corresponding period.
The main question now is whether BJ Corp is in its wave 4 rebound.
Or it is still remaining in its wave 3.
Or it is forming something else other than the two options mentioned ?
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