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In my opinion, Rapid has many strategic assets. However short term, sentiment is shaky due to the image of major shareholder with over 20%. With a large market float, any predator can take over to become the next major shareholder if that existing major shareholder not doing anything. Compared to YNH, rapid is in better footing as it has external auditor appointed and asset sales which will add value to NTA.
If the management is good, it can declare a special dividend to prove its solvency.
Yah even though 1st and 2nd quarter made modest profit this counter is heading for new low. This whole few months didn't move up at all. The management really need to buck up. What happen to the earlier plan on plantations disposal?
