This has been a company which I was hoping to get before the short seller allegations and even after I was considering (I wrote a post during that period, but it was after the share price had recovered from the sudden drop) But now, with the company's share price declining since it's ~$0.70 peak to $0.49 in the past week, I decided to invest a bit in the company
To start off with the usual profit and loss statement. For FY 2015, the company generated 10.48 sen per (diluted) share after accounting for the 1 for 5 bonus issue last year, which is ~3.5 SGD cents per share at current exchange rate, which gives a pretty healthy P/E ratio of around 14.5 at the last traded price of $0.505. The net profit of the company has also grown substantially, from RM 115.3 million ......