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I mentioned it before. This stock theoretical price just between RM0.30 to RM0.58. A lot of idiot keep on use GPT or Fund House research to set as target price. Those valuations method are not accurate.
We should SoTP to split the business into 2 parts: Traditional business and Blockchain based business. For traditional, should utilize DCF with TGR and WACC to value it. While blockchain based businesses should utilise multiplier to value it, with consider about potential revenue and potential write off.
My research mentioned it before. The safety price is RM0.30. While the fair price is worth RM0.58. Almost reach my fair value price.
Anyway, you are happy then it is fine. Just a 6m you also want to mention. You didn’t even think why TS wong did share buy back more than a billion in past 2 years, why share still declining. U didn’t even think is TS Wong share buy back via financing or not. 6m share just roughly RM 4mil, very small capital. In a finance market, millions just likely a pocket money to them.