Ann Joo's prospects may be overpriced

KUALA LUMPUR: Ann Joo Resources Bhd's share price may be overdone despite the positive surprise in 4QFY20, which resulted in an unexpected turnaround in earnings.

In the fourth quarter of its financial year, Ann Joo posted a core net profit of RM17.3mil, which narrowed its full-year core net loss to RM54mil.