Friday, February 6, 2015

AppAsia....the Edge Financial Daily must be smoking something

From the Edge Financial Daily:



















The Edge Financial daily should exercise some control in its stock selections.  They may argue its not a recommendation, but have some quality control for goodness sakes.  This is not just any publication, it is the premier financial publication in Malaysia.  Putting penny stocks like these just enriches all the pump and dump schemers.

I'm not sure who this Anticipatory Analytics Sdn bhd.  is but the Edge should give them the boot as well for printing such garbage.

AppAsia, is a speculative stock.

1.  This company has had NO record of track earnings, hasn't turned a profit except for 2012.  Almost every year, they have lost money.

2.  10 times book value.  This is a joke.  Even by raising 13 million ringgit, no way is this company worth 73 million ringgit on fundamentals.

3.  If no news in the next year or so, this stock will go to the toilet.  so will all the people who jumped on this retarded valuation today.

4.  Surprise, no dividends.

2 comments:

Caleb

Dude, it's under stocks with momentum, not fundamentals.

Caleb
This comment has been removed by the author.

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