kk123Yes..some company are looking to buy local packaging & consumer companies.. Dnonce has packaging facilities..
kk123"The major shareholder confirmed that there is a preliminary discussion with Lay Hong Bhd on the equity but however nothing has been finalised." ----- So can continue to "watch" this counter ....as it seems there's really something going on ..although not finalised...
kk123Indeed a lot of japanese co interested in msia packaging co..as they are consider cheap in valuation sense..some they do takeover, while some collaborate for business.. In this case nh food has many packaging suppliers..there cld be synergies with what dnonce does -which is the food packaging biz.. So can "watch" this for any new developments.. Lay hong is a famous food(chicken) company..recall earlier QL fail in their hostile takeover , subsequently nh food japan buy in to lay hong..will lay hong take a stake in dnonce? Haha its still in negotiation stage..
BetterTomorrowPlease read carefully, dnonce is not in food biz at all. dont listen stars nonsense, journalist took money from syndicate . syndicate have both layhong and dnonce. This is the way they sell stock to your.
Remember innofarm, holding of layhong, been buying so many stocks, Pesona. minetech., Yen and Greenpacket, OCR,SGB ( what happen? push up and dump )all these done by one person.
Ex Ingens ( now call MMAG). Utopia (now call xxx ), TMS (now call xxx ) all change name try to make retail or authority forget him.
He is using ppl share to get margin and to buy other share, chain holding, end up anything wrong, all PLC owner die. he will be flying away with handsome money.
This been used before by other syndicate, but time fly ppl tend to forget about Jeff and Rick, and this guy think he is so smart and using this new method, actually is old but so many naive plc owner never get smarted than before.
No capable ppl in authority to nail him or some may work with him, just make small money will do, dont all out, as remember he is damn greedy guy , you cant make his money.
Good luck to monitor, i guess some of here can be his ppl to encourage ppl buy and some are genuine investor. dont trust too much. all are con men in this world.
ryan7642Yea time to test water on the warrant just done sapu plenty of units at 0.07 happy investing^^ predict the report out this mnth end will be turn green too:)
ran777rptKUALA LUMPUR: Poultry company Lay Hong Bhd saw 10 million of its shares traded off-market at an average price of 78 sen each.
This was five sen below its Thursday closing price of 82 sen.
Stock market data showed that based on its paid-up of 608.75 million shares, the stake accounted for 1.64%.
At 11.12am, the share price was down 0.5 sen to 82 sen.
The FBM KLCI was up 4.77 points or 0.29% to 1,678.25. Turnover was 778.84 million shares valued at RM471.20mil. There were 321 gainers, 269 losers and 380 counters unchanged.
In late December, Lay Hong had expressed confidence in a significant rise in performance for the financial year ending March 31, 2019 (FY19).
This will be from a new joint-venture (JV) plant with Japan NH Foods Ltd (NHF) which is expected to start operations by 2018.
Work on the new plant in Kapar, Selangor, was slated to start in the first quarter of 2017
The plant under NHF Manufacturing Sdn Bhd (NHFM), a new JV company set up in May 2016, is set to produce 2,000 tonnes of processed food per month.
NHFM is 49% owned by Lay Hong and 51% by Japan NHF.
ryan7642Wow surprising technical play buy 0.07 n sold 0.08 tqtq ong ar huat ar <3
kk123lay hong in the news... lay hong interested in dnonce. http://www.thestar.com.my/business/business-news/2017/02/06/foreign-funds-eyeing-some-poultry-players/
ran777rptWhere is it mentioned recently that Lay Hong is interested in Dnonce? This announcement was made late last year only. Currently no talks. Hope the said deal shall take off soon. Waiting in anticipation
"Notwithstanding the above challenges, the Group is confident that there would be turnaround in the profitability for the year ending 31st August 2017 due to the various strategies and actions that have been and will be taken during the period."
jc5360this month Quarter Report announce soon, don't know will turn around as stated in annual report or not?
nklyeShould be good. Last QR made PBT 1544M with NP 1073M. QoQ ~116% and YoY ~291%. Based on past record next QR will be released by 27th or 28th April. Trading theme at this moment seems to be on packaging....
nklyeToday is the T+4 from last price up and high volume.
nklyeSomeone is supporting this counter at 0.305 -0.315. Every moment when it dropped below this level, the lowest at past weeks was at 0.285, this someone pushed it back to that level... However its warrants have gone down to 0.085-0.09 level, unable to climb back to its recent stable level at 0.11. A positive results for the coming QR, to be announced before the end of the month may lunch its price to its recent high at 0.14.
choop818The reason why the warrant price fell was because a Warrant Guru on 7 April, warned of the dilution (of warrants) from the proposed placement of shares with warrants. The question is why warn now and not months ago. Is there a hidden agenda?
awsomechan@choop818, can you share the link? thanks
choop818Hi Awsome, if you had googled you would have got your answer. Do you think that the warrant is being deliberately forced down, when the qr results are just ahead?
nklyeExercise price is 0.25 per share. The new shares to be listed on Monday 25/4/17. Friday closed price was 0.29, up 0.005 after battered to the lowest 0.275 from the high 0.33 within this month. QR to be announced by the earliest on Monday 25/4/17 or by tradition on 26/4 or 27/4, and anticipating good results based on last QR. Therefore I am anticipating the price to go up next week, hopefully to test its last high of 0.33 and it warrants too at current 0.09 to its high 0.13. Perhaps that's the strategy to exercise the esos, the possiblity to make at 0.10 per shares. Let's see...
jc5360Chairman in Annual report mention will turn around, but i still do not have confident, wait to see QR first then only action
nklyeQR out today or tomorrow? Some anticipating to enter?
nklye2nd QR - QoQ increased in negative profit though revenue improved. However still retain a double digit K profit, thanks to the good first QR. YoY results too in negative teritory but with improved positive nett lost. NAPS remain at 0.37 QoQ but up 0.01 YoY (0.36)
Striker90Hahaha, company which not making sense and purely believe the news on acquisition by LayHong.. i hope its true or else you all gonna trapped
Striker90@nklye I dont know how other see, but the latest quarter result basically make nothing surprise and indeed the company just losing another quarter.. meanwhile dont forget the current liabilities is much higher than their current asset with ratio of less than 1
Striker90@jc5360 yea, the annual report stated it gonna turn around this year.. but the prob is when? i heard wil be next week
Striker90Current asset to current liabilities ratio i mean
jc5360@Striker90 i also dont know le, i also disappointed with the result, nothing surprise @@
nklye@Striker90, yea, many who bought this counter on the one-day-stand a few weeks ago should be dissapointed. Anticipated good 2nd QR but negative. Anyhow revenue improved and accumulated profit for last two quarters still positive due to impressive profit in the 1st QR. Hope next QR will be better. However the price of the counter was green for the whole session today.