Sapphire Corp just announced a sterling set of 2QFY16 results last Wed. However, its share price barely budged. Is this a case of Mr Market being unaware of this stock, or is Mr Market still bogged down by Sapphire’s chequered past?[1]
To know more about the company and its upcoming developments, I attended Sapphire’s 2QFY16 results briefing last Thurs, hosted at Peach Gardens. The meeting was hosted by Mr Teh Wing Kwan, Sapphire’s Managing Director and Group CEO and Mr Ng Hoi-Gee, Kit, Sapphire’s CFO, collectively known as (“Management”).
Picture 1: Management meetup with analysts, funds and remisiers Source: Company Key takeaways from the meeting Bright industry prospectsDespite concerns on China’s economy, management believes that spending on infrastructure, especially railway investments continues unabated. In my previous article dated 5 Feb 2016, I cited a 27 Nov 2015 Reuters’ article which reported that China intends to spend RMB2....
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