Aaron Ooi's comment on N2N. All Comments

Aaron Ooi
8 Like · Reply
I have just increased my position with N2N. I think the current valuation is very attractive and the price is far from the 2018 high where they had recorded similar level of 9M+ profit. Very optimistic about the future prospect due to increased earnings from higher retailer participation in Bursa and record low interest rates. Net borrowings have also been decreasing. The ongoing trade wars and China economic booming may benefit revenue from HKEX as many IPOs from China will be listed in HK instead of NYSE, as well as the influx of foreign investments.
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Calvin Yht
I like your objective assessment unlike many who are emotional.
1 Like · 1 month · translate
Aaron Ooi
YoY Profit growth as previous taxes paid have been waived and refunded due to pioneer status successfully extended, this has more than offsets doubtful outstanding receivables unable to be collected by N2N. Nevertheless FY20 is the best performance year for N2N, recording the highest ever revenue and profit. Cheers!
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3 Like · 1 month · translate