23 May 2013

House Cleaning -- sold XDL and Notion.

Being disappointed by their latest financial performance, I think it's time to admit my mistake investing in these two companies.

Notion seems to have facing difficulty in expanding its business since 2010... seeing that the HHD segment is going into downtrend, and Camera market was relatively matured, I'm in an opinion that the growth potential of Notion is limited for the years to come...

for XDL, the shoes market at China is so deteriorated that most local branded products are suffering revenue drop.... XDL encountered 40% drop of revenue and 50% drop of profit in 2013-Q1... and I think that this poor performance will persist for quite a long time...  

Cash-out  about RM17k from Notion and XDL, looking for new target to invest...

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