Highlights
KLSE: LCTH (5092)       LCTH CORP BHD Main Market : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 207 Million

Market Cap 207 Million
NOSH 360 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 24-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 24-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Mar-2018 [#1]

Latest Quarter: 31-Mar-2018 [#1]
Announcement Date 14-May-2018
Next Quarter: 30-Jun-2018
Est. Ann. Date: 11-Aug-2018
Est. Ann. Due Date: 29-Aug-2018
QoQ | YoY   -80.82%  |    -50.52%

Annual (Unaudited) ( EPS: 2.84, P/E: 20.24 )

Revenue | NP to SH 111,956  |  10,226
RPS | P/RPS 31.10 Cent  |  1.85
EPS | P/E | EY 2.84 Cent  |  20.24  |  4.94%
DPS | DY | Payout % 1.00 Cent  |  1.74%  |  35.20%
NAPS | P/NAPS 58.29  |  0.01
YoY   -29.38%
NP Margin | ROE 9.13%  |  0.05%
F.Y. | Ann. Date 31-Dec-2017  |  28-Feb-2018

T4Q Result ( EPS: 2.62, P/E: 21.91 )

Revenue | NP to SH 114,287  |  9,449
RPS | P/RPS 31.75 Cent  |  1.81
EPS | P/E | EY 2.62 Cent  |  21.91  |  4.56%
DPS | DY | Payout % 1.00 Cent  |  1.74%  |  38.10%
NAPS | P/NAPS 0.58  |  0.98
QoQ | YoY   -7.60%  |    -33.35%
NP Margin | ROE 8.27%  |  4.49%
F.Y. | Ann. Date 31-Mar-2018  |  14-May-2018

Annualized Result ( EPS: 0.84, P/E: 68.00 )

Revenue | NP to SH 102,380  |  3,044
RPS | P/RPS 28.44 Cent  |  2.02
EPS | P/E | EY 0.84 Cent  |  68.00  |  1.47%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -70.23%  |    -50.52%
NP Margin | ROE 2.97%  |  1.45%
F.Y. | Ann. Date 31-Mar-2018  |  14-May-2018



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 2 / 4 50.00% 5 / 8 63.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.25% 0.98%
Average Net Profit Margin 7.83% 10.51%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 5 / 5 100.00% 7 / 10 70.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 5 / 10 50.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 3 / 5 60.00% 5 / 10 50.00%
Continuous Years Of Dividend 3 / 5 60.00% 3 / 10 30.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 6.99% 1.21%
Average Net Profit Margin 12.11% 3.10%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 114,287 102,380 111,956 171,718 135,664
NP to SH 9,449 3,044 10,226 4,329 15,680
Dividend 3,600 - 3,600 3,808 5,400
Adjusted EPS 2.62 0.84 2.84 1.20 4.36
Adjusted DPS 1.00 0.00 1.00 1.06 1.50

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -25.10% 10.02% 10.02% -10.42% -6.62%
NP to Owner -80.82% -50.52% -50.52% -67.78% -74.23%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS -80.91% -51.16% -51.16% -67.94% -74.39%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 2.08% -15.76% -33.45% -8.55% -24.53% -40.38% -1.43% -17.48% -34.80%
NP to Owner -7.60% -39.74% 118.23% -70.23% -80.59% -29.70% -29.38% -34.78% 136.18%
Dividend 0.00% -33.33% -5.48% - % - % - % -60.00% -33.33% -5.48%
Adj. EPS -7.75% -39.86% 117.79% -70.42% -80.72% -30.17% -29.35% -34.81% 136.08%
Adj. DPS 0.00% -33.33% -5.48% - % - % - % -60.00% -33.33% -5.48%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  6 people like this.
 
Chan Yew Kee why the time extension by 2 weeks to finish the assessments n make a recommendation? Is there possibility of hidden assets? or something else which cannot be confirmed? Hopefully there is some hidden assets.
05/01/2018 18:27
miker We refer to the announcements dated 7 December 2017, 4 January 2018 and 5 January 2018 in relation to the Proposed SCR.



In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions 2016, the Board (save for the interested directors who are the persons acting in concert with Fu Yu Investment Pte Ltd, being Hew Lien Lee, Tam Wai, Ho Nee Kit and Ching Heng Yang (collectively, the “Interested Directors”)), had on 8 January 2018 appointed Mercury Securities Sdn Bhd as the Independent Adviser to provide comments, opinions, information and recommendations to the Board (save for the Interested Directors) and to the entitled shareholders in respect of the Proposed SCR.



This announcement is dated 8 January 2018.
10/01/2018 10:45
Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.
10/01/2018 20:22
Intelinvestor13 Barring any unforeseen circumstances and subject to LCTH obtaining the necessary approvals
and/or consents from the relevant authorities/parties as disclosed in Section 5 of this
announcement, the Proposed SCR is expected to be completed in the second quarter of 2018.
11/01/2018 09:53
miker LCTH is no HOVID
12/01/2018 10:13
miker PAC already on their side.
12/01/2018 10:16
miker No resistance at all to SCR, else the price should hanging around 0.575...minorities are 'forced' to accept the SCR.
12/01/2018 10:23
miker At 0.58, Cold eye pun rugi byk


Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.
12/01/2018 12:20
wan7075 Cold eye manage to fail the SCR with his holding qty?
12/01/2018 18:08
IANFUJI Still not moving...
23/01/2018 13:43
miker Before EGM, this counter can be considered already dead lol.
23/01/2018 14:58
IANFUJI Start moving and expected to move higher.
24/01/2018 15:07
Anything when would be the announcement??
25/01/2018 15:04
1nv3st0r No announcement?
30/01/2018 13:16
miker We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018 and 12 January 2018 in relation to the Proposed SCR.



On behalf of the Board, RHB Investment Bank wishes to announce that the Securities Commission Malaysia had, vide its letter dated 13 February 2018, informed that they have no further comments on the circular in relation to the Proposed SCR.



This announcement is dated 13 February 2018.
14/02/2018 09:39
greatest94 EGM on 8 March
15/02/2018 07:11
miker Type of Meeting Extraordinary General Meeting
Indicator Notice of Meeting
Description LCTH CORPORATION BERHAD ("LCTH")
-Notice of the Extraordinary General Meeting ("EGM")

Enclosed Notice of the EGM of LCTH dated 14 February 2018 to convene the EGM on 8 March 2018.
Date of Meeting 08 Mar 2018
Time 02:00 PM
Venue Kayangan Suite, Pulai Springs Resort, 20KM Jalan Pontian Lama, 81110 Pulai, Johor, Malaysia
Date of General Meeting Record of Depositors 02 Mar 2018
15/02/2018 09:38
miker How many of you will accept or reject the 0.58 cent offer?
15/02/2018 09:42
miker ...
...
In arriving at our conclusion and recommendation, we have considered the fairness and
reasonableness of the Proposed SCR based on all relevant and pertinent factors as
summarised below which you should carefully consider before voting on the Special Resolution
pertaining to the Proposed SCR to be tabled at the forthcoming EGM:-

Fairness
We view the Proposed SCR as NOT FAIR in view that the SCR Cash Amount of
RM0.58 is lower than and represents a discount of 9.38% to the estimated value
per LCTH Share of RM0.64.

Reasonableness
We view the Proposed SCR as REASONABLE in view of the following:-
(i) The SCR Cash Amount is:-
(a) higher than the daily VWAPs of LCTH Shares for 99% of the Market
Days in the past 1 year before the date of the SCR Offer Letter up to the
LPD, representing a premium of 8.33% over the VWAP of LCTH Shares
for the said period of RM0.5354; and
(b) higher than the daily VWAPs of LCTH Shares for 85% of the Market
Days in the past 3 years before the date of the SCR Offer Letter up to
the LPD, representing a premium of 10.18% over the VWAP of LCTH
Shares for the said period of RM0.5264.
(ii) The SCR Cash Amount represents a premium of between 4.37% and
31.82% over the 1-year VWAP up to the last traded market price of the LCTH
Shares on the LTD;
(iii) The LCTH Shares are illiquid, with a simple average monthly trading volumeto-free
float for the past 6 months up to November 2017 (being the last full
trading month prior to the LTD) of 3.88%; and
(iv) As at the LPD, LCTH has not received any alternative offer for the LCTH
Shares or any other offer to acquire its assets and liabilities. In view that the
Non-Entitled Shareholder currently holds a controlling stake of more than
70% equity interest in LCTH, any such offer will not be successful unless with
the support of the Non-Entitled Shareholder.

Recommendation
Premised on the above, Mercury Securities is of the view that the Proposed SCR is NOT FAIR
but REASONABLE.
Accordingly, we recommend that the Entitled Shareholders VOTE IN FAVOUR of the Special
Resolution pertaining to the Proposed SCR to be tabled at the forthcoming EGM.
...
...
15/02/2018 09:50
miker ...."WE RECOMMEND THAT THE ENTITLED SHAREHOLDERS VOTE IN FAVOUR OF THE SPECIAL RESOLUTION"...
15/02/2018 11:02
aliyusof Mercury Securities view: 'offer not fair but reasonable'.... What sort of recommendation is this?? Actually it is not fair but to say 'reasonable' is not offend major shareholders who pay their fee. Read it as not fair and unreasonable, in reality, as i personally opine it.
22/02/2018 10:57
PenguinDad Not fair becos the value is about RM0.64 but reasonable becos the average of the share price during that period is around RM0.58. However, everybody know the share price can be controlled by the sharks.
22/02/2018 14:58
pangolin need at least 3 months time from now .... duit only masuk pocket
22/02/2018 18:29
k3nthiew anyone attending EGM tmrw??
07/03/2018 11:04
k3nthiew how? how? how? Anyone?
08/03/2018 15:43
Intelinvestor13 how's the EGM going?
08/03/2018 16:40
Intelinvestor13 PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (“PROPOSED SCR”)

The terms used herein shall have the same meaning as those defined in the announcement made on 10 January 2018 unless otherwise stated.

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018, 12 January 2018 and 13 February 2018 and the circular to shareholders dated 14 February 2018 in relation to the Proposed SCR.

On behalf of the Board, RHB Investment Bank wishes to announce that the Entitled Shareholders of the Company have approved the Special Resolution set out in the Notice of EGM dated 14 February 2018 in respect of the Proposed SCR (“Special Resolution”), at the EGM of the Company held today, 8 March 2018.

The Special Resolution is to be approved by a majority in number of shareholders and at least 75% in value to the votes attached to disinterested shares that are cast either in person or by proxy at the EGM of LCTH, provided that the value of votes cast against the resolution for the Proposed SCR at the EGM is not more than 10% of the votes attaching to all disinterested shares of the total voting shares of LCTH.

Based on the poll results, 74.07% in number and 98.57% in value to the votes attached to disinterested shares that were cast either in person or by proxy at the EGM voted in favour of the Special Resolution. Further, 0.18% of the votes attached to all disinterested shares of the total voting shares of LCTH voted against the Special Resolution. Therefore, the Special Resolution was carried.

The application to the High Court to seek the confirmation for the reduction of share capital under Section 116 of the Act will be lodged in due course.

This announcement is dated 8 March 2018.
08/03/2018 19:14
miker Accept it or not, it is 58 cents
08/03/2018 20:53
wan7075 Hope the refund process can be faster
09/03/2018 16:56
wan7075 Hope can get my money back quickly!
09/03/2018 22:56
newbiehk2014 sold de
11/03/2018 22:02
clementlee so the offer is passed ? with lcth cash in hand , it might equivalent to 30cts in share...it mean without the offer, the price only value at rm0.28 ?...cheap or not ?
13/03/2018 11:00
clementlee heard got some group try to block this offer ..but is it too late liao ?
13/03/2018 11:01
hoplanner Too late. HCourt cld only approve 2 mths fr now.
14/03/2018 23:06
clementlee any possibility that court reject this offer ? or , if someone file objection on this ?
16/03/2018 09:53
pangolin 2 more months to go ..... hope can settle it ... fast
31/03/2018 21:57
Lim Tek Wai No announcement?
03/04/2018 16:04
pangolin possible announce special div 5c b4 game over ??
16/04/2018 15:36
pangolin NO NEWS AT ALL ???
13/05/2018 15:45
PenguinDad If special div RM0.05 and cash back RM0.58 then it will be total of RM0.63.
Not bad!
15/05/2018 14:54
firehawk Court order obtained yesterday.
15/05/2018 17:23
pangolin penguin dad ...... sorry ... is 0.005 .... half cents ..... 5 cents is mission impossible ....
16/05/2018 22:04
pangolin finally ..... 8th can get durian jatuh
18/05/2018 18:55
pangolin finally .... 8th june durian jatuh
18/05/2018 19:16
kanon Anyone knows any procedure need to be done by me for the repayment? thanks
18/05/2018 23:56
PenguinDad pangolin, I think the management decide to keep the special div for themselves.
21/05/2018 11:48
pangolin Peguindad ... u r right ! durian kampong u take ..... there take musang king ....
22/05/2018 23:15
aliyusof The refund for the shares under the SCR has already been sent to my account. However, the shares are still shown in my on line CDS account as of today. Wonder why? Same thing happen to any one here?
13/06/2018 17:41
Chinchan same to me @aliyusof
16/06/2018 17:58
Timie same here
19/06/2018 11:57