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Last Price Today's Change   Day's Range   Trading Volume
0.875   -0.01 (1.13%)  0.87 - 0.885  1,251,400
3,208 comment(s). Last comment by Jtmetta at Dec 17, 2020 11:08 PM
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shpg22
2685 posts

Posted by shpg22 > Feb 14, 2018 12:26 PM | Report Abuse

maybe he want to make his company worth P/E 1.0x. PKM ah chai


ZStrader
697 posts

Posted by ZStrader > Feb 14, 2018 2:55 PM | Report Abuse

Yeaahaaa... discount.... Q buy at my target price....


ZStrader
697 posts

Posted by ZStrader > Feb 14, 2018 4:40 PM | Report Abuse

gap down 2moro.. careful


Mcilroy2
58 posts

Posted by Mcilroy2 > Feb 14, 2018 10:23 PM | Report Abuse

What is happening to this stock?


mf
23898 posts

Posted by mf > Feb 14, 2018 10:28 PM | Report Abuse

Downtrend


Harry Mak
89 posts

Posted by Harry Mak > Feb 19, 2018 12:39 PM | Report Abuse

ular besar main kukubird


Mcilroy2
58 posts

Posted by Mcilroy2 > Feb 19, 2018 1:08 PM | Report Abuse

Can go in ?


mf
23898 posts

Posted by mf > Feb 19, 2018 1:11 PM | Report Abuse

No


nich0las
2702 posts

Posted by nich0las > Feb 20, 2018 12:17 PM | Report Abuse

UP liao..


Patrick Tth
4 posts

Posted by Patrick Tth > Feb 21, 2018 9:26 AM | Report Abuse

Buy buy buy


Voon J. Hon
2 posts

Posted by Voon J. Hon > Feb 21, 2018 10:24 AM | Report Abuse

MIECO....up up up...Q4/16 dividend 10 sen. Expect same also for Q4/17


Mudamuda Remaja Mudamuda
231 posts

Posted by Mudamuda Remaja Mudamuda > Feb 21, 2018 10:45 AM | Report Abuse

Buy


ks_lim
193 posts

Posted by ks_lim > Feb 21, 2018 1:06 PM | Report Abuse

Bi=trap!!be careful!!!!


Alex Soh
7 posts

Posted by Alex Soh > Feb 21, 2018 8:21 PM | Report Abuse

financial report coming out end of mth,maybe is a trap!!!


ZoneFD
212 posts

Posted by ZoneFD > Feb 23, 2018 7:46 PM | Report Abuse

If QR bad... This stock price already drop before it release... It wont drop much more...


mf
23898 posts

Posted by mf > Feb 26, 2018 5:28 PM | Report Abuse

Qr out. Gap down


Dartmaster
873 posts

Posted by Dartmaster > Feb 26, 2018 5:29 PM | Report Abuse

Gap down then go back up lose 1-3 cent most .. MIECO is a good stock


scottybang
310 posts

Posted by scottybang > Feb 26, 2018 5:31 PM | Report Abuse

consider good result if compare with its peer


Dartmaster
873 posts

Posted by Dartmaster > Feb 26, 2018 5:32 PM | Report Abuse

yeah definitely the results is not that bad considering how strong RM currently stands. Hence, gap down few cents and climb back up definitely worth buying during the dips


Bentoji25
340 posts

Posted by Bentoji25 > Feb 26, 2018 5:57 PM | Report Abuse

if we exclude non-operational items, write-back of impairment (FY17 12m FY16 28m), gain on disposal of subsidiary (FY16 35m), tax credit (FY16 10m), FY17 result is actually much more better than FY16...


Patrick Tth
4 posts

Posted by Patrick Tth > Feb 26, 2018 9:06 PM | Report Abuse

1 cent dividen will be given


Henry Tang
15 posts

Posted by Henry Tang > Feb 26, 2018 10:35 PM | Report Abuse

tk out the write back of impairment , net profit= 1.3M. EPS is only 0.25
huges drop in revenue due to 'The
softening of global demand has caused the decrease of plainboard sales volume'

and in the prospect it mentioned
'The Group foresee that the market conditions in the particle board industry will remain competitive and challenging
due to softening of market demand and competition from competitors'

it seen like sales volumne is cont to drop for 2018 Q1.


shpg22
2685 posts

Posted by shpg22 > Feb 28, 2018 12:44 PM | Report Abuse

Alot of insider trading in this counter. Price dived by 50% right after Q3 result announced which report huge increase in profit. Its very clear. SC should investigate and take necessary action against the culprit.


Jupiter
64 posts

Posted by Jupiter > Feb 28, 2018 1:23 PM | Report Abuse

How to say 4Q result is good compared to peer? Like what Henry Tang said, if take out write back of impairment, profit is only RM1.3mil!


shpg22
2685 posts

Posted by shpg22 > Feb 28, 2018 1:35 PM | Report Abuse

Yes excluding impairment write back, FY17 Q4 had dropped by -84% YoY. Insider knew it very well ahead of the rest.


ryan_och
301 posts

Posted by ryan_och > Mar 1, 2018 10:07 AM | Report Abuse

okay mah, PE only 6.x


ryan_och
301 posts

Posted by ryan_och > Mar 1, 2018 10:08 AM | Report Abuse

compared to 2015, now 3q results is already double


ryan_och
301 posts

Posted by ryan_och > Mar 1, 2018 10:11 AM | Report Abuse

now the price is consider reasonable as compared with 2015


warchest
1196 posts

Posted by warchest > Mar 5, 2018 10:45 AM | Report Abuse

Mieco gearing will be ballooning


warchest
1196 posts

Posted by warchest > Mar 5, 2018 10:49 AM | Report Abuse

Plus after taking into account of new acquisition of Great Platform which is loss-making - results should be worsen considering that the sector turns bad. and also the additional borrowing for the purpose of acquisition of Great Platform


warchest
1196 posts

Posted by warchest > Mar 5, 2018 10:50 AM | Report Abuse

since end of Nov 17, its shares like no support. it can only supports up to 2 week before another downtrend. over and over again.


shpg22
2685 posts

Posted by shpg22 > Mar 17, 2018 3:45 PM | Report Abuse

MIECO is worst for insider trading. Its stock price start to drop right after reporting huge increase in profit for FY17 Q3 result. Total drop of 50% in just one quarter after record profit. Its so obvious, yet the SC still sleeping.


warchest
1196 posts

Posted by warchest > Mar 19, 2018 3:40 PM | Report Abuse

warchest keeps warning on this


warchest
1196 posts

Posted by warchest > Mar 19, 2018 3:41 PM | Report Abuse

JW Leong Nw 0.86
20/12/2017 11:51

JW Leong Player those panic selling js now will regret soon
20/12/2017 11:53
X
warchest once the acquisition done - RM60 mill of cash flow out and add in RM60 mill of borrowings. good luck mieco
20/12/2017 11:54
X
warchest and SYF borrowings will reduce RM60 mill and cash to increase to RM60 mill. Net effect RM120 mill and now they can concentrate to their core businesses - rubberwood furnitures and properties.


warchest
1196 posts

Posted by warchest > Mar 19, 2018 3:42 PM | Report Abuse

warchest the owner basically using mieco to absorb the liabilities of SYF.
20/12/2017 16:13
X
warchest that's going forward Mieco may ended up paying for those liabilities
20/12/2017 16:13


warchest
1196 posts

Posted by warchest > Mar 19, 2018 3:43 PM | Report Abuse

don't buy a downtrend counter


shpg22
2685 posts

Posted by shpg22 > Mar 22, 2018 9:13 PM | Report Abuse

Demand ah chai to be trial for insider trading.


ks_lim
193 posts

Posted by ks_lim > Mar 23, 2018 11:04 AM | Report Abuse

Cut loss and run away!!will break .50 soon & even break .45. Slowly killer!!!


ks_lim
193 posts

Posted by ks_lim > Mar 23, 2018 11:06 AM |

Post removed. Why?


mf
23898 posts

Posted by mf > Mar 24, 2018 7:34 PM | Report Abuse

Rip


cashy
3 posts

Posted by cashy > Mar 28, 2018 8:53 AM | Report Abuse

Hi all i’m Very new here, all the while I have just been reading, this is my first time texting,Just wondering will this share go all the way down to nothing or it will stop going down at certain price


ryan_och
301 posts

Posted by ryan_och > Mar 28, 2018 9:57 AM | Report Abuse

I think already hit bottom, just wait for the v shape rebounce


warchest
1196 posts

Posted by warchest > Mar 28, 2018 10:04 AM | Report Abuse

No yet hit the bottom. See SYF and u will know


warchest
1196 posts

Posted by warchest > Mar 28, 2018 10:05 AM | Report Abuse

Like warchest was saying here. When at 90 plus cents, it is damn expensive since they are now getting a loss-making board business from SYF. Going forward, Mieco will less attactive


warchest
1196 posts

Posted by warchest > Mar 28, 2018 10:06 AM | Report Abuse

Anyway, please avoid ah chai counters. Retailers not in the same league as him


cashy
3 posts

Posted by cashy > Mar 28, 2018 10:27 AM | Report Abuse

Ryan what do u mean by v shape rebounce?


cashy
3 posts

Posted by cashy > Mar 28, 2018 10:28 AM | Report Abuse

War chest may I know SYF stands for ?


LowChingHong
62 posts

Posted by LowChingHong > Mar 28, 2018 10:57 AM | Report Abuse

I know SYF stands for!


warchest
1196 posts

Posted by warchest > Mar 28, 2018 2:15 PM | Report Abuse

See the latest quarter from SYF up to 31 Jan 2018 -revenue and losses contributions from the board business (i.e. Great Platfom) are RM44 mill and - RM2.7 mill for 6 months. Annualised will be about RM6 mill losses to Mieco per year. And since Mieco getting RM60 mill financing to acquire Great Platform, interest cost should be RM4 mill per year. Easily RM10 mill reduction in profit for Mieco


warchest
1196 posts

Posted by warchest > Mar 28, 2018 2:16 PM | Report Abuse

People may see that Great Platform as growing business but it may or may not be the case since the industry is slowing down. RM10 mill hit to income statement of Mieco. Is like Ah Chai using Mieco to finance the losses in the subsidiary of SYF.

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