Friday, 30 December 2011

Adventa 4Q LOSS

It is very unfortunately that Adventa has made a post tax loss of RM8575m for the fourth quarter. Inside the interim report, there has been written off on fire and CLOP deposits. The insurance is being processed and the written off is provided first. By the way, we should be glad that the revenue and profit for Adventa has been improved due to the strengthen of USD and fall in latex price from the peak.

I cannot do anything now. But, I would be considering to cut half of my position in Adventa to minimise my risk and search for any opportunity. The holding of Adventa has let me forgoes quite a lot of opportunity, Instead, I might cut half of its positions so that next time i could do some averaging on it.

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