1Q 2019 result is out!
A drop of 40% for net profit to 203m.
EPS also drop 40% to 11.2 cents.
PE is about 15x.
I think price is on the high side .
Divestment gain of 174m.
Net profit of 203m less 174m, I think actual profit is 29m after less divestment gain.
Gearing is on a high side at 72%.
9.7b term loans. Let say an interest of 3.5% , estimate is about 339.5m . yearly interest..
FCF is negative. I think This is really a concern with such a huge amount of negative FCF.
I think price has run up too much and too fast!
Is about time for it to correct !
Let's see how would market reacts come Monday!
Not a call to buy or sell.
Pls dyodd.
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