JAG Berhad is a Malaysia-based company engaged in the business of computer software development. The Company operates in three segments: customization projects; own proprietory software; third party software and hardware accessories, and maintenance, training and others. It serves customers from a range of industries, such as manufacturing, retail, hospitality, construction, banking and professional services. As of December 31, 2009, the Company had two subsidiaries: Infortech AtCom Sdn. Bhd., which is engaged in the computer software development, marketing and support services, and Infortech Software Sdn. Bhd., which is engaged in software development, marketing, support of system integration and network solution.
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armadatuah2017Not only in waste. The company had already discarded expansion of existing factory until appropriate ideal timing. their diversification in property sector is what that could result in future price soar despite existing business. Hopefully shares buyback could be successful, looking at the annoucement they made on 07 April 2017
jayalbertreproducing STAR's writeup on 27/2/17 on JAG:
SHAH ALAM: After a tumultuous year in its financial year ended Dec 31, 2015 (FY15), Jag Bhd says that things are looking up again for FY17. “We have turned the corner in FY16 and posted a turnaround in our bottom line. We reported a net profit of RM2.06mil compared with a net loss of RM19.79mil in FY15,” the company’s chairperson Datin Stacey Tan told StarBiz. “The rise in copper prices in FY16, especially in the final quarter, has helped boost our performance. “In the fourth quarter, we reported a net profit of RM2.4mil from a net loss of RM3.43mil in the same quarter of the previous year. We have had three consecutive quarters of profits,” Tan said. Jag is an electronics-waste recycler that extracts and processes the ferrous, non-ferrous and precious metals that are contained within many electronic components today, and resells the secondary metals in the open market. The company had also, at the end of last year, managed to secure new business supply contracts that would add to its overall e-waste volume when it comes into effect this year. “These contracts will add an estimated 15% to our e-waste volume and it will mean more sales for us once it is realised. “Almost all of our supplies are from the semiconductor industry, thus any growth in demand in the semiconductor industry would be of benefit to us,” Tan said. “Our gross profit margin today is about 20%, while net profit margins at current prices are about 8%-10%,” Tan said. From its low of US$4,331 per tonne recorded in January 2016, three-month rolling-forward copper prices on the London Metal Exchange had risen by some 35.28% to US$5,859 per tonne.
jayalbertthose who bought at 10 c a few weeks back r damn lucky dudes!
armadatuah2017@jayalbert Ya, Difficult to get them though. Only managed to sapu some at 0.105 and mostly at 0.115 after queuing for a couple of days. Today if can close steadily at 0.125, satisfied enough.
TripakaNext quarter results...yummy. Money from their waste stockpile. :)
armadatuah2017Yaya. Ditch Armada for this company. Hopefully investment isn't wrong
secret123Will have show soon! coming quarterly result is amazing. the word 'amazing' means a big increase qoq! short term TP 25 sen. mark my words.
armadatuah2017It is possible to reach 0.25 but in my opinion, only when property business starts kicking in
Striker90sorry for the wrong info above, halfway learning
TripakaHopefully 13.5 would the stabiising level. Lots of investors parked here during last run...
armadatuah2017Insufficient support yet formed at 0.125-0.130. Today, selling mode. By Friday, it might not email@example.com if this persists. It will fly high when RSI is above 80. I'm not expecting high rise this week except that hoping for strength at 0.120
TripakaGot to absorb more shares from the impatient ones...
armadatuah2017Many trapped at 0.135 because Dato's 26 mil shares were absorbed and the price had crashed since then.
TripakaYes. Absorbing the shares daily is much better than spiking sharply.
Striker90Speculation about President Donald Trump’s proposed tax cuts is expanding the wedge between the precious and industrial metals.
Gold futures posted their biggest two-day loss in seven weeks amid optimism that a possible plan to cut the U.S. corporate tax rate to 15 percent from 35 percent will boost company earnings. An improving outlook for the U.S. economy is also bolstering the demand prospects for industrial metals used in iPhones, refrigerators and electrical wiring. The 120-day inverse correlation between gold and copper is at the biggest since 2003.
Bullion rallied this year, helped in part by delays in Trump’s pro-growth agenda, tensions between the U.S. and North Korea, and political uncertainties in Europe. With Trump’s team preparing to lay out the details of the tax plan, Goldman Sachs Group Inc. expects the gold sell-off to continue over the near-term as borrowing costs rise and U.S. and global growth looks solid.
“Reports that Trump would propose a sharper-than-expected corporate tax cut have helped to boost U.S. stock prices, which may be helping copper” and curbing gold’s appeal, Tai Wong, a director of commodity products trading at BMO Capital Markets, said in an email.
Gold futures for June delivery declined 0.8 percent to settle at $1,267.20 an ounce at 1:41 p.m. on the Comex in New York, taking this week’s losses to 1.7 percent, the biggest two day slump for a most-active contract since March 3.
Bullion’s fall has also helped spur a sell-off in producers of the metal. A gauge of 15 big global gold miners tracked by Bloomberg Intelligence fell 3.5 percent, poised for the biggest decline since Dec. 15. Barrick Gold Corp., the world’s largest bullion producer, led declines among miners, slumping 10 percent after missing estimates on earnings and production.
Copper futures for July delivery gained 1 percent to $2.591 a pound on the Comex, after touching $2.5985, the highest in a week.
The industrial metal used in wiring and pipes also rose after Freeport-McMoRan Inc., the world’s largest publicly-traded copper producer, lowered its sales forecast for the metal to 3.9 billion pounds, from 4.1 billion pounds, following more than three months of disruptions at the Grasberg mine in Indonesia.
“Supply-side stories have been influencing the short term copper price movement more than the demand side for a while,” Richard Fu, the London-based head of Asia-Pacific at Amalgamated Metal Trading Ltd. “As a barometer of the global economy, copper prices should be supported as the economy improves.”
Striker90SYDNEY, April 26 London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. FUNDAMENTALS * LME COPPER: London Metal Exchange copper edged up by 0.2 percent to $5,717 a tonne by 0128 GMT, adding to a 0.9 percent gain from the previous session. LME copper prices on Tuesday hit a one week top at $5,722 a tonne, recovering from near three-month lows hit on April 19. * SHFE COPPER: Shanghai Futures Exchange copper climbed 1 percent to 46,350 yuan ($6,735) a tonne. * The euro edged up after hitting a 5-1/2 month high on Tuesday as traders digested centrist candidate Emmanuel Macron's victory in the first round of France's presidential election on Sunday. * U.S. ECONOMY: U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. * BHP RESULTS: BHP Billiton, cut its full-year production guidance for coking coal and copper on Wednesday due to bad weather at mines in Australia and industrial action in Chile. Copper guidance was cut by 17 percent to a range of 1.33 million to 1.36 million tonnes.