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Last Price Today's Change   Day's Range   Trading Volume
0.855   -0.01 (1.16%)  0.83 - 0.865  4,204,900
3,208 comment(s). Last comment by Jtmetta at Dec 17, 2020 11:08 PM
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MoneyFace88
310 posts

Posted by MoneyFace88 > Oct 31, 2017 6:57 AM | Report Abuse

Homeritz reported better QR, Mieco should do well too


hoo_lt
22 posts

Posted by hoo_lt > Nov 7, 2017 1:40 PM | Report Abuse

super good news coming in...


ZoneFD
212 posts

Posted by ZoneFD > Nov 9, 2017 4:44 PM | Report Abuse

Where is good news..


mf
23910 posts

Posted by mf > Nov 12, 2017 7:52 PM | Report Abuse

Sell


SuperPanda
10449 posts

Posted by SuperPanda > Nov 19, 2017 8:52 PM | Report Abuse

if not bcoz im buying sign/comfort, i wud buy mieco wen it down to rm1.10. easily can up to 1.20 in few weeks.


ikah
422 posts

Posted by ikah > Nov 20, 2017 9:47 AM | Report Abuse

why confident can up to 1.20


MoneyFace88
310 posts

Posted by MoneyFace88 > Nov 20, 2017 5:59 PM | Report Abuse

Excellent result , much better than Evergreen which announced result recently. Evergreen revenue 260 million , Net profit 15 million , translate to Net profit margin of only 5.8% . Mieco on the other hand 101 Million revenue , Net profit margin 15 million which translate to 15.44% net profit margin.

It is very clear Mieco is more superior to its peers


Sanatan
571 posts

Posted by Sanatan > Nov 21, 2017 10:59 AM | Report Abuse

Despite " excellent results" why is this counter dropping ? I expected it to be up today, but sad case.


SuperPanda
10449 posts

Posted by SuperPanda > Nov 21, 2017 7:31 PM | Report Abuse

Sanatan, not only mieco, today 684 counters drop, 240 up, 960 unchange. Foreign fund continue selling since last week. Today rm71 million foreign taking out from market.


Keatz
12 posts

Posted by Keatz > Nov 21, 2017 11:19 PM | Report Abuse

the drop is due to global market, so you may consider to buy more at lower price.. The good quarterly result will bring up back mieco price.


BlackWhite
925 posts

Posted by BlackWhite > Nov 22, 2017 6:55 PM | Report Abuse

Drop not due to global drop , it happen here after budget announcement foreign n Local funds clear stock, do u know why?


SuperPanda
10449 posts

Posted by SuperPanda > Nov 23, 2017 12:29 AM | Report Abuse

If drop to global market, it will disaster will run away already.

Yes, may hve related with budget since growth up, rm is strenghtening against usd (foreign fund will loose exchange).

Its may a normal cycle too where foreign fund take profit for end year and xmas. It happen every year (similar when msia on Hari Raya or CNY).

Biz week said it also relate to uncertain in europe and germany political issue.

But the truth is, its the big fund whom throwing it down due to watever reason that coz price drop.


BlackWhite
925 posts

Posted by BlackWhite > Nov 23, 2017 4:14 PM | Report Abuse

From what I observe better don't buy any furniture related stocks for one year


ZoneFD
212 posts

Posted by ZoneFD > Nov 24, 2017 10:59 AM | Report Abuse

Why after good QR announced keep droped.... Before QR released buying interest still good... Supposely after good QR released... Buying momentum should be good also..


SuperPanda
10449 posts

Posted by SuperPanda > Nov 25, 2017 2:40 AM | Report Abuse

When good QR follow by price drop may due to:

1. Selling for profit taking only.

2. Selling for profit taking and to drop the price for buying back later at cheap.

3. Low interest from investor to buy at higher price due to no growth prospect in future earnings.

4. Internal problem or insider news which knew by other investor but not known by public that may to happen and lower its earnings.

So u think which one?


Underhand
526 posts

Posted by Underhand > Nov 26, 2017 12:00 PM | Report Abuse

All could be the factors !


nich0las
2704 posts

Posted by nich0las > Nov 27, 2017 10:21 AM | Report Abuse

=.=''


JAY1234
214 posts

Posted by JAY1234 > Nov 27, 2017 12:01 PM | Report Abuse

If because of profit tacking... this discounted price attractive... if internal problem that public did not know... it a trap to enter...


ZoneFD
212 posts

Posted by ZoneFD > Nov 27, 2017 3:46 PM | Report Abuse

Droped badly like worse QR ... But droped badly due to good QR... hahaaaaa...


mf
23910 posts

Posted by mf > Nov 27, 2017 6:31 PM | Report Abuse

rip


nich0las
2704 posts

Posted by nich0las > Nov 28, 2017 5:36 PM | Report Abuse

omg, what happend? foreign dispose? 0.995.


wannabeinvestor
474 posts

Posted by wannabeinvestor > Nov 28, 2017 6:13 PM | Report Abuse

Fk this junk. No difference with evergreen


nich0las
2704 posts

Posted by nich0las > Nov 29, 2017 10:31 AM | Report Abuse

will support at 0.80


SuperPanda
10449 posts

Posted by SuperPanda > Nov 29, 2017 11:12 AM | Report Abuse

hold on guys. mine at 1.10. still buying bit by bit ave down. If drop below 0.95 will buy also. If below 0.9 will review to CL.


nicho85
11 posts

Posted by nicho85 > Nov 30, 2017 11:46 AM | Report Abuse

Why keep dropping?


mf
23910 posts

Posted by mf > Nov 30, 2017 11:48 AM | Report Abuse

Correction


Keatz
12 posts

Posted by Keatz > Nov 30, 2017 4:06 PM | Report Abuse

@Superpanda, i stuck from 1.2, how low it will go? have find another entry point to go in, bring down the average price.


nicho85
11 posts

Posted by nicho85 > Nov 30, 2017 4:31 PM | Report Abuse

I'm stuck at 1.2 too


SuperPanda
10449 posts

Posted by SuperPanda > Nov 30, 2017 6:35 PM | Report Abuse

From 1.20 to 0.955 = -20.4% drop. No idea how much will drop, local fund still selling. May go up a bit then drop again xmas and end year (cyclical). Political issue may hve get things worst (NK, Germans, US etc). Cannot predict.

I bought 1.14, then ave down to 1.10, now 1.05. Paper loss 1.2K.

If ask me at 1.20, i will buy 0.95 to ave down.If can give below 1.10 good already. But depends no of share u hold and ur capital.

I hve cnfident on Mieco prospect and prev record. So I wont cut loss. I only cut loss on poor result stock. But decision always urs. I jst share my thought which can be wrong.


Jupiter
64 posts

Posted by Jupiter > Nov 30, 2017 7:29 PM | Report Abuse

Look carefully before invest. SYF, the parent of Mieco who took over not too long ago, is injecting its MDF n PB lines into Mieco. The enlarged Mieco will take on a lot of debt post exercise.


SuperPanda
10449 posts

Posted by SuperPanda > Nov 30, 2017 10:30 PM | Report Abuse

Jupiter, get ur facts correctly b4 said. Reading ur comment, I can tell u are not an expert. Here's why:

1. SYF not parent of Mieco.
2. Mieco is buying Great Platform, subsidiary of SYF, it produce chipboard and medium density fibreboard.
3. The take over not done yet. Schedule on 1QFY18 thru internal fund and borrowings.
4. The take over will enhance Mieco production capacity thus improve earnings.
5. Buying Great Platform is to enhance its core biz on boards.
6. SYF in other hand, is focusing on its property biz, thats main reason for selling.

When Im invest in stock, im not simply buying. I research and monitor. I chose cnsistent earning cmpany, future eps, read it financial rpt and market it operates.

Do u know almost 70% of Mieco sales is in Msia? Which when RM strengthen, it hv little effect. Unlike Hevea which more on exports. Every 1% rm strenght, it profit reduce 6.6% and that why its earning reduce and share price keep dropping.


Keatz
12 posts

Posted by Keatz > Dec 1, 2017 10:57 PM | Report Abuse

@superpanda, thanks for your advise and sharing. Yes, im new in share market, but before i bought mieco also have study abit about its business background which i think mieco have quite a stable foundation. Recently i heard some rumors about the company is being "attack" by income tax, which many companies already became their targets, don't know whether this issue cause people throw off their shares.

im ready to hold and buy in if the price hit 0.85. Hope Mieco can back on track soon and keep growing.


JAY1234
214 posts

Posted by JAY1234 > Dec 4, 2017 1:44 PM | Report Abuse

keep drop everyday.. no sign it will rebound.. totally shit...


nich0las
2704 posts

Posted by nich0las > Dec 4, 2017 3:56 PM | Report Abuse

omg, i bought @ 1.18 b4 qr. gone case.


SuperPanda
10449 posts

Posted by SuperPanda > Dec 4, 2017 9:13 PM | Report Abuse

Whole mrket problem, selling continues for profit. No sign of technical or geopolitic prob. So hold on or ave down.

I bought 0.93 x 50 lots today. Hold 180 lots now. Ave at 1.03.

In this situation, time to buy good FA/prospect stock. Mieco, Comfort, Krono, Masteel, Serbadk, Penta, MMSV, Sime, Skpres, KGB, etc.

Just sharing. Research on ur own b4 buy.


kuttyravi
177 posts

Posted by kuttyravi > Dec 4, 2017 10:11 PM | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2017/11/29/1507029311-1330128010.pdf

Mieco down could be because of the above at least on a short term. Mid term the share price will improve ahead !!


SuperPanda
10449 posts

Posted by SuperPanda > Dec 5, 2017 1:54 AM | Report Abuse

kuttyravi, its not acquisition issue. see klci fbm index all red. most counter losing. its selling by big fund.


kuttyravi
177 posts

Posted by kuttyravi > Dec 5, 2017 2:28 AM | Report Abuse

superPanda its an acquisition of Mieco paying RM7 million and assuming of liabilities of RM51 million , so total of RM58 million via entirely via cash !!

Hopefully its a strategic move by Mieco and will make business sense eventually mid term and or long term will benefit Mieco


kuttyravi
177 posts

Posted by kuttyravi > Dec 5, 2017 2:31 AM | Report Abuse

already started more than 2 week ago mieco price keep dropping ......when KLCI index still in green ....


goofy8020
36 posts

Posted by goofy8020 > Dec 5, 2017 2:21 PM | Report Abuse

From SYF annual report, the board's division (subsidiary Great Platform) net profit is RM5,392,000. After the acquisition, the earnings of MIECO can assume to be increased RM5 million.

I guess the price drop might be related to the recent price plummet of HEVEA.


nich0las
2704 posts

Posted by nich0las > Dec 5, 2017 5:31 PM | Report Abuse

http://chart.bursamalaysia.com/cache/charts.pl?type=plc_profile&id=5001.MY&duration=90d


SuperPanda
10449 posts

Posted by SuperPanda > Dec 5, 2017 7:46 PM | Report Abuse

the prob with people is that, they still want to win argument even it already clarified.

kuttyravi, jst go ahead with ur thought. im lazy to argue. today 624 counter losing, 8 straight wks klci drop frm 1764-9/Oct to 1713-4/dec, mybe they all hve acquisition too.. demn.


SuperPanda
10449 posts

Posted by SuperPanda > Dec 5, 2017 7:52 PM | Report Abuse

goofy, hevea posted 3 straight qtrs drop in earnings. plus its export oriented furniture biz. 1% rm strenghten will drop 6.6% profit. thats a FA problem cause its severe drop like iqgroup.

guys, im not expert but seems u guys trade w/o knowledge. dont gambling here, be wise, understand ur stock well, and hve good in/out strategy, then only can mke profit.


shpg22
2685 posts

Posted by shpg22 > Dec 6, 2017 12:16 AM | Report Abuse

Its way oversold by some bunch of idiots...good bargain now


kuttyravi
177 posts

Posted by kuttyravi > Dec 6, 2017 1:18 AM | Report Abuse

Superpanda ,surprised you missed my point ...........you just need to get use of getting difference of opinion from others..... you put me into a mood uncontrollable mirth !!


kuttyravi
177 posts

Posted by kuttyravi > Dec 6, 2017 2:02 AM | Report Abuse

Yes many exiting from the market past 3 weeks , nevertheless it is compounded by acquisition and a resultant of a price correction. You Clarification remains with you and my opinion remains with me irrespective whether you accept or not .

As if your clarification comes from the company public relations department , don't expect me to swallow something hook, line and sinker .....i too don't expect you to do the same.... Don't be too patronising Super panda ....from your numerous earlier comments I can conclude that you like insulting someone who just got a different opinion .....insult is your natural traits....learn some written language skill... how could express without over patronising someone.....I don't entirely blame you ....i guess partly our bad education system is to blame ....


Jupiter
64 posts

Posted by Jupiter > Dec 6, 2017 8:20 AM | Report Abuse

Kuttyravi, don't be too hard on superpanda. He is invested so he has passion for this counter, hence his language. But do consider his points.

Superpanda, regarding your reaction to my post, I never claimed to be an expert and I admit I'm not one. I also admit there is an error in my statement but in my defence, it's more form over matter. Let me explain a bit and also reference to your 6 points:

1. SYF not parent of Mieco.
A: Yes, you are right and I'm wrong. SYF is not parent. SYF and Mieco are however, controlled by the same party so Mieco buying into Great Platform is actually a related party transaction. That's why the owner cannot vote.
2. Mieco is buying Great Platform, subsidiary of SYF, it produce chipboard and medium density fibreboard.
A: I agree with your statement, adding my point above that SYF is a related party to Mieco.
3. The take over not done yet. Schedule on 1QFY18 thru internal fund and borrowings.
A: That's the target date and EGM will be held soon. We are now at end of 2017 so the completion date is not far away. If anyone thinks the acquisition is not a good idea, better vote at the egm.

Mieco's gearing level will go up significantly upon acquiring Great Platform.
4. The take over will enhance Mieco production capacity thus improve earnings.
A: Mieco's earnings likely to improve as Great Platform has been reporting increasing profits. The question is pricing, is the profit worth the price? While Great Platform is profitable, it is not cash generating. SYF is giving continued financial support, resulting in the present amount due to holding company in Great Platform of RM51m. it is likely Mieco will have to give support when it becomes the new parent.

Another point to consider is, what was the PE that Tan Sri paid for his stake in Mieco vs the PE that Mieco is now buying Great Platform from SYF?
5. Buying Great Platform is to enhance its core biz on boards.
A: Yes, a consolidation of all panel board biz controlled by Tan Sri under Mieco.
6. SYF in other hand, is focusing on its property biz, thats main reason for selling.
A: SYF is traditionally a saw mill company


mymymybook
170 posts

Posted by mymymybook > Dec 6, 2017 8:21 AM | Report Abuse

Buy Anzo for possible 100% profit just in one month.


kuttyravi
177 posts

Posted by kuttyravi > Dec 6, 2017 5:15 PM | Report Abuse

Jupiter , thanks for your inputs !! Nevertheless I invested quite a bit on this stock.....I too is passionate like him , you and many others. He probably need to learn from you .....he can give his clarifications and opinions like many others always do.... but he should maintain at least a minimum sense of decorum !!!..as we all always know all comments and clarifications in this forum are in certain degree speculative and might not always reflect certainty....there are a lot subjectivity involve in many market scenarios....Thanks.


SuperPanda
10449 posts

Posted by SuperPanda > Dec 6, 2017 10:52 PM | Report Abuse

kuttyravi,
1) Im not into opinion. It wont work in stock mrket. Yday -90 million sold by local fund, today -54.4m. Its not an acquistion.
2) Pls tell me which info i wrote coming frm public relation dept?

Btw, im not insulting anybody. I only cannot accept people talk w/out fact coz it can mislead others.

I know u will respond to this again and comment but id rather stop. Let others decide if im the bad guy (giving out facts rather than opinion).

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