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0.045   0.00 (0.00%)  0.04 - 0.045  321,100
4,883 comment(s). Last comment by michaeso at Feb 15, 2020 11:17 AM
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fl888
3919 posts

Posted by fl888 > Feb 13, 2019 7:28 AM | Report Abuse

Like Orion, got Singapore connection, should be same price...pp but no bank loan?


Stocker
741 posts

Posted by Stocker > Feb 13, 2019 10:18 AM | Report Abuse

Prepare to launch soon


Stocker
741 posts

Posted by Stocker > Feb 13, 2019 11:24 AM | Report Abuse

Lai liao


Stocker
741 posts

Posted by Stocker > Feb 13, 2019 11:30 AM | Report Abuse

Bu the time of reduction keyasic will fly v ucrest


Stocker
741 posts

Posted by Stocker > Feb 13, 2019 11:31 AM | Report Abuse

Dun miss the IoT era


kimee
58 posts

Posted by kimee > Feb 13, 2019 11:33 AM | Report Abuse

lai where?


fl888
3919 posts

Posted by fl888 > Feb 13, 2019 12:03 PM | Report Abuse

Reduction sent to High Court on 2-1-2019 for approval, why take so long to approve...just stamped only lah....


Gekko92
76 posts

Posted by Gekko92 > Feb 13, 2019 1:30 PM | Report Abuse

Roadblock


Infiltrader
1437 posts

Posted by Infiltrader > Feb 13, 2019 6:40 PM | Report Abuse

We refer to the announcements made on 2 October 2018, 11 October 2018, 12 October 2018, 23 November 2018 and 2 January 2019 in relation to the Share Capital Reduction (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the High Court of Malaya had on 13 February 2019 granted an order confirming the Share Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Share Capital Reduction to take effect.

The effective date of the Share Capital Reduction will be announced in due course.

This announcement is dated 13 February 2019.


StockyC
55 posts

Posted by StockyC > Feb 13, 2019 7:08 PM | Report Abuse

So actually what will be the impact.?


Infiltrader
1437 posts

Posted by Infiltrader > Feb 13, 2019 8:27 PM | Report Abuse

Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure. After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

The act of capital reduction may also be enacted in response to a decline in a company's operating profits or a revenue loss that cannot be recovered from a company's expected future earnings. In some capital reductions, shareholders will receive a cash payment for shares canceled, but in most other situations, there is minimal impact on shareholders


Gekko92
76 posts

Posted by Gekko92 > Feb 14, 2019 11:56 PM | Report Abuse

Dropping...


Nicholasming91
3573 posts

Posted by Nicholasming91 > Feb 15, 2019 12:02 AM | Report Abuse

Buy back at 0.10


freddiehero
10335 posts

Posted by freddiehero > Feb 15, 2019 12:04 AM | Report Abuse

tq info


fl888
3919 posts

Posted by fl888 > Feb 15, 2019 1:59 AM | Report Abuse

With this capital reduction exercise, the accumulated losses in the balance sheet will be wiped out and a tax credit maybe created but the number of shares is not reduced at all..so with another 70% private placement to go at 11cts or higher, and consecutive profit result, Keyasic will be a stock to watch....


Gekko92
76 posts

Posted by Gekko92 > Feb 15, 2019 6:52 AM | Report Abuse

Will the company reduce our unit and the price is adjust when the capital reduction is apply?


fl888
3919 posts

Posted by fl888 > Feb 15, 2019 8:10 AM | Report Abuse

The operators has already adjusted the price and today will lodged the sealed High Court to regularise the exercise.. think will go up in view of pending approved PP exercise...can compare to Green Packet who did a capital reduction ...38 lodged now break 40....


Gekko92
76 posts

Posted by Gekko92 > Feb 16, 2019 3:51 AM | Report Abuse

Still got hope the price going up?


Nicholasming91
3573 posts

Posted by Nicholasming91 > Feb 16, 2019 8:27 AM | Report Abuse

Switch to other counters


fl888
3919 posts

Posted by fl888 > Feb 16, 2019 10:10 AM | Report Abuse

Buy at this price as TP for next tranche PP will be 15..


Nura
36 posts

Posted by Nura > Feb 16, 2019 9:28 PM | Report Abuse

Next TP is 0.15


Tigerchan
117 posts

Posted by Tigerchan > Feb 17, 2019 2:19 PM | Report Abuse

What is the ratio reduction.


Tnecera Prime
41 posts

Posted by Tnecera Prime > Feb 18, 2019 1:39 PM | Report Abuse

1.5?


Tenno
8 posts

Posted by Tenno > Feb 19, 2019 3:29 PM | Report Abuse

Any hope?


Jebard
660 posts

Posted by Jebard > Feb 19, 2019 6:07 PM | Report Abuse

Wait at 0.105 to test the water


2323
126 posts

Posted by 2323 > Feb 19, 2019 7:05 PM | Report Abuse

2mrw fly....


Gekko92
76 posts

Posted by Gekko92 > Feb 19, 2019 7:26 PM | Report Abuse

Fly to 0.105 sen?


Gekko92
76 posts

Posted by Gekko92 > Feb 19, 2019 7:37 PM | Report Abuse

We refer to the announcements made on 2 October 2018, 11 October 2018, 12 October 2018, 23 November 2018, 2 January 2019 and 13 February 2019 in relation to the Share Capital Reduction (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that an office copy of the sealed order of the High Court of Malaya confirming the Share Capital Reduction has been lodged with Companies Commission of Malaysia on 18 February 2019. Pursuant thereto, the Share Capital Reduction shall therefore take effect and be deemed completed on 18 February 2019.

This announcement is dated 19 February 2019.

Can anybody explain?is they will be ratio?


Jebard
660 posts

Posted by Jebard > Feb 20, 2019 2:55 PM | Report Abuse

Buy when price not moving
Sell when people start buying.


Gekko92
76 posts

Posted by Gekko92 > Feb 20, 2019 5:43 PM | Report Abuse

Price hard to move up


fl888
3919 posts

Posted by fl888 > Feb 20, 2019 8:40 PM | Report Abuse

fair value is anything below 10cts after share reduction...


razorknight
17 posts

Posted by razorknight > Feb 20, 2019 9:40 PM | Report Abuse

so this keyasic counter price will go up or down since unit had been reduced??


razorknight
17 posts

Posted by razorknight > Feb 20, 2019 9:42 PM | Report Abuse

i think with unit reduced, it is easier to goreng this counter...


Stocker
741 posts

Posted by Stocker > Feb 20, 2019 10:37 PM | Report Abuse

Capital reduction is reduce on par value right but not affect on unit shares reduction? Sorry if im mistaken


Gekko92
76 posts

Posted by Gekko92 > Feb 21, 2019 8:44 AM | Report Abuse

If more than 1billion unit.hard to move up


razorknight
17 posts

Posted by razorknight > Feb 21, 2019 9:15 AM | Report Abuse

on volume wised looks like going up at the moment.... can buy now!!


commonsense
474 posts

Posted by commonsense > Feb 21, 2019 10:22 AM | Report Abuse

The company’s outlook at first seems to be turning around when it managed to deliver its first ever profit in 1Q18 of RM400k. The trend of the profit initially looks to be on an uptrend with 4Q18 profit growing RM1.6mil. This help the company to deliver its first full year profit of RM3.6mil in FY18. Some investors were hoping for this trend to persist going into FY19.

However, the growth in profit doesn’t seem to be sustainable with 1Q19 and 2Q19 reporting a lower profit of RM1.3mil and RM300k only. Even if we assume that the company’s business can pick up in the 2H19 and the company managed to deliver a total profit of RM4.8mil (meaning 3Q & 4Q results deliver an average profit of RM1.5mil), at the current share price the company would still be valued at a very lofty valuation of 24.8x PE. This is very high for a company that has never been able to deliver consistent profit growth to the shareholders. What is more worrying is that the profit trend is actually looks to be going down especially with the challenging semiconductor industry outlook in the near future.

If you are looking to diversify your portfolio outside of Keyasic (due to its weak earnings outlook and its high valuation) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.0x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6.0x PE.

Please go through the analyst reports and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.


Stocker
741 posts

Posted by Stocker > Feb 21, 2019 11:13 AM | Report Abuse

Thanks commonsense analysis


Stocker
741 posts

Posted by Stocker > Feb 21, 2019 11:13 AM | Report Abuse

Anyhow we are still hoping the company doing well


Hanip
20 posts

Posted by Hanip > Feb 22, 2019 10:49 AM | Report Abuse

aiya, still not well


Jebard
660 posts

Posted by Jebard > Feb 22, 2019 8:25 PM | Report Abuse

Gonna top up add 0.10


djibaok
1008 posts

Posted by djibaok > Feb 25, 2019 4:40 PM | Report Abuse

not allowed to up


rodneychin
167 posts

Posted by rodneychin > Feb 25, 2019 5:24 PM | Report Abuse

Let’s reduction and PP complete first...


Gekko92
76 posts

Posted by Gekko92 > Feb 25, 2019 6:37 PM | Report Abuse

How long the reduction and pp will complete?


fl888
3919 posts

Posted by fl888 > Feb 25, 2019 6:56 PM | Report Abuse

Reduction completed last week but PP got 70% more to and price will depend on ithe market price .....


Hanip
20 posts

Posted by Hanip > Feb 26, 2019 9:12 AM | Report Abuse

aiya


razorknight
17 posts

Posted by razorknight > Feb 26, 2019 9:32 AM | Report Abuse

when this counter will touch 15 sen?? anyone?


Gekko92
76 posts

Posted by Gekko92 > Feb 26, 2019 9:47 PM | Report Abuse

Low volume...market not soo good.


Gekko92
76 posts

Posted by Gekko92 > Feb 26, 2019 9:48 PM | Report Abuse

maybe more than 3month above to touch 15sen..who knows...


Tenno
8 posts

Posted by Tenno > Feb 27, 2019 10:46 AM | Report Abuse

Up up up

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