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To my surprise , QES Cumulative Net Profit (CNP) for "9" months in 2022 has already surpassed that of the Cumulative Net Profit (CNP) for "12" months in 2021. A remarkable improvement indeed.
Nationgate not only has relationship with the US but also has expanded and has established stable relationship with Europe, according to the Chinese media report.
In other words, Nationgate is going to be a multinational corporation with more and more profits rolling in.
Prices fluctuations are normal. Nobody knows how high or how low the prices will go. It's target price is a mere guessing like throwing darts hit or miss kind of game.
For traders there could be profit- takings in any shares. But I expect a strong rebounce after the corrections if any.
The mos important factors of a stock are its fundamentals.
I would say it is very difficult to find a stock like Nationgate with strong fundamentals and tremendous growth .
Its net profit after tax rose from
RM 5 million in 2019 to more than RM59 million 2021 , more than 10 fold increase in just 3 years.
