Magnum has a full and final settlement of its hefty tax bill after judicial review. Instead of having to pay RM476 million as per the May announcement (here), its tax liabilities will amount to only RM100 million (here). Surprisingly, the market is not reacting to the positive news. I feel that Magnum should be trading at a higher price with this good news.
Chart: Magnum's daily chart as at Sep 20, 2018 (Source: Malaysiastock.biz)
1 comment:
Both Financial as well as Technical analysis is required for to give more accurate recommendations.
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