teehanming

BONIA - Price just like when they go public!

Long
MYX:BONIA   BONIA CORPORATION BHD
BONIA

BONIA - A luxury fashion company. I like their products. I'm fan of leatherwear.

As you can see their stock price have been falling since 2014, that doesn't seem very good. BUT looook to the left even more! It almost same as the price when they go public, HAHA. (poor Bonia founder keeping their shares for 17 years just to get breakeven).

Well well, it's an opportunity for people like us that born late to the game to get this kind of price. The company have good performance, stable profit, efficient in managing their goods and assets, having lower debt ratio (debt<asset/current/equity), a stable like dividend, and the most important thing the price is very cheap!

p.s. it also very safe even if they go bankrupt, look at the Net-Net indicator and Book indicator, it means even if they go gg, we may still profit or at least get our investment back. (Not guaranteed, don't blame me if something goes wrong)
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