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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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SuperPanda
10437 posts

Posted by SuperPanda > Aug 14, 2018 3:32 PM | Report Abuse

usd up, all wood based will go up, expected until end this year, so buy wood based at this price a good option


Mr8888
12 posts

Posted by Mr8888 > Aug 15, 2018 12:25 PM | Report Abuse

Any one know when the QR will release? by right should be release on 26/7/18....


sportstoto
225 posts

Posted by sportstoto > Aug 15, 2018 7:49 PM | Report Abuse

tp how much?


danloh88
46 posts

Posted by danloh88 > Aug 16, 2018 11:29 AM | Report Abuse

sellers are dumping


Jasper Coo
2178 posts

Posted by Jasper Coo > Aug 16, 2018 3:14 PM | Report Abuse

Very interesting stock ! Worth to invest tho


targetinvest
2312 posts

Posted by targetinvest > Aug 16, 2018 6:52 PM | Report Abuse

Yea... all fire up!!!


InvestorKING
5581 posts

Posted by InvestorKING > Aug 16, 2018 7:51 PM | Report Abuse

Actually Mieco current fair value is at 0.75. The price had dropped from 1.20 to 0.39 previously.


MoneyFace88
310 posts

Posted by MoneyFace88 > Aug 25, 2018 9:25 AM | Report Abuse

Company has to show profit for price to move up, hope coming quarter Ah Chai can show us the money.


Learner One
170 posts

Posted by Learner One > Aug 25, 2018 10:13 AM | Report Abuse

Mieco oversold. Evergreen made good profit.


MoneyFace88
310 posts

Posted by MoneyFace88 > Aug 27, 2018 6:58 PM | Report Abuse

QR not out yet ?


bonbon
175 posts

Posted by bonbon > Aug 28, 2018 9:36 AM | Report Abuse

In this market sentiment even good result also no use. You see, evergreen's result not bad, but it drops too.


khpwwl
1839 posts

Posted by khpwwl > Aug 28, 2018 9:56 AM | Report Abuse

ask our TM lah… all construction counter are drop


Jordan Khoo
1894 posts

Posted by Jordan Khoo > Aug 28, 2018 10:04 AM | Report Abuse

Wow! the stock price is rising, profit increasing also kikiki


bonbon
175 posts

Posted by bonbon > Aug 28, 2018 10:22 AM | Report Abuse

I guess its result won't be good. Anyway, all the best to those who are buying this.


Jasper Coo
2178 posts

Posted by Jasper Coo > Aug 28, 2018 10:42 AM | Report Abuse

Never regret for buying this stock, profit is real


Jasper Coo
2178 posts

Posted by Jasper Coo > Aug 28, 2018 10:43 AM | Report Abuse

Wow! earn more again! good stock, i have earned a lot to pay my bills.


bonbon
175 posts

Posted by bonbon > Aug 30, 2018 9:41 AM | Report Abuse

Terrible result...


kuhen1
1 post

Posted by kuhen1 > Aug 30, 2018 12:56 PM | Report Abuse

Disaster is kicking in i suppose. Should have got MYEG when it was dead low :(


targetinvest
2312 posts

Posted by targetinvest > Nov 1, 2018 10:06 AM | Report Abuse

Mieco roaring back into action..


targetinvest
2312 posts

Posted by targetinvest > Nov 1, 2018 10:06 AM | Report Abuse

Good to scope


Sanatan
569 posts

Posted by Sanatan > Nov 2, 2018 8:54 AM | Report Abuse

Mieco to continue roaring back into action !


bottomtrawler
45 posts

Posted by bottomtrawler > Nov 21, 2018 5:20 PM | Report Abuse

sure anot


Adrian Tiong Meng Wei
387 posts

Posted by Adrian Tiong Meng Wei > Nov 21, 2018 5:28 PM | Report Abuse

Still lost quarter even with highest revenue..sell sell sell


organic
23 posts

Posted by organic > Dec 1, 2018 8:23 AM | Report Abuse

what happed this counter? keep drop?


commonsense
490 posts

Posted by commonsense > Dec 7, 2018 10:41 AM | Report Abuse

Hi organic,

Financially the company did not perform that well in the past 2 quarters. I think some investors was hoping for a boost in the profit level upon completion of the acquisition of Great Platform back in February. Based on the documents provided, Great platform recorded a revenue of RM53.5mil and PAT of RM4.1mil for the period of Aug16 to Apr17 (9 months). This translated to an average rev of RM18mil and PAT of RM1.4mil per quarter. Mieco paid RM58.6mil for the company.

However, the most recent quarter indicates that while the acquisition had help increase the company total revenue by 27%, it failed to increase the profit and worst they actually recorded losses. EBITDA margin fell from a high of 21% last year to only 4% in 3Q18. The acquisition of Great Platform had also increase the depreciation charges (from RM4.4mil to now RM7.3mil) and finance cost (from only RM1mil to RM4.4 mil) substantially. This resulted in the company posting a loss of RM6.8mil vs profit of RM15.6mil.

If you are interested in the company, it would be better for you to wait for the next quarter result to come out. Currently we are still not sure whether the bad performance in 3Q18 is permanent (the low profit margin is here to stay) or if the result is just a one off event.

If you are already invested in the company, you need to be prepare to face some volatility as some investors might be a bit worried of the future financial results. It would be advisable for you to diversify your portfolio first. I think there are still some furniture/ particle board manufacturers that are currently still profitable and trading at a not so high valuation.

If you are looking to divest your portfolio outside of the furniture industry, i would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.9x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Mieco will start posting better results in 4Q18. I think some investors got burnt investing in the company when it was trading at above RM1. With better results, hope the company share price can recover back.

Good luck


organic
23 posts

Posted by organic > Dec 8, 2018 11:13 AM | Report Abuse

commonsense, ya some investing in price RM1 sure worried the company going on. me just in 0.34 100Lot for invest. any command to keep or force to sell. TQ


commonsense
490 posts

Posted by commonsense > Dec 10, 2018 8:36 AM | Report Abuse

Hi Organic,

I think you need to reassess back your position. When you bought the shares at 34 sens what was the reason? Does your thesis still stands? I think you most probably have bought it before the 2Q18 result was announce.

If you go through the note of 2Q18, the losses for the quarter was mainly due to gross margin compression attributed to soft selling price of the companies product, higher cost of materials and also a pre operating cost of the new line.

I think you should only hold to the stock if you believe that the profit margin can improve back to FY17 level in 3Q18. Because if it doesn't and it still post a loss in 3Q, i think some investors might decide to shift their position to other companies.

I personally think their operational profit margin will still remain compressed (at least for next quarter). In addition, the bottom line will also be effected by the higher depreciation and finance cost (due to the acquisition of Great Platform).

Good luck.


organic
23 posts

Posted by organic > Dec 13, 2018 5:00 PM | Report Abuse

tq,. commonsence.


organic
23 posts

Posted by organic > Dec 18, 2018 4:32 PM | Report Abuse

keep drop....


speculative
305 posts

Posted by speculative > Jan 10, 2019 12:47 PM | Report Abuse

Please watch this counter.. will boom soon..


speculative
305 posts

Posted by speculative > Jan 11, 2019 10:19 AM | Report Abuse

Haha.. today just start engine.. vroom22


OngOngMou
18 posts

Posted by OngOngMou > Feb 14, 2019 3:28 PM | Report Abuse

the giant is awake soon... dudududu


targetinvest
2312 posts

Posted by targetinvest > Feb 21, 2019 3:48 PM | Report Abuse

Property fast fast sell out then will need furniture and need wood and need their timber..
So short term should be good for mieco


targetinvest
2312 posts

Posted by targetinvest > Feb 21, 2019 4:11 PM | Report Abuse

Parking here for further monitoring


targetinvest
2312 posts

Posted by targetinvest > Feb 21, 2019 4:33 PM | Report Abuse

Property sudah goreng
Construction sudah goreng
Metal/steel sudah goreng sikit
Oil and Gas sudah goreng sampai langit up down left right
Plantation sudah balik
IT stock pun sudah balik...

The only one is???

TIMBER stock belum ada movement...


targetinvest
2312 posts

Posted by targetinvest > Feb 21, 2019 6:05 PM | Report Abuse

Avengers... assemble... here is the place !!!


keyin
2149 posts

Posted by keyin > Feb 25, 2019 11:25 PM | Report Abuse

Ikea come, all timber and wood holland


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 8:42 AM | Report Abuse

Ikea no nid use wood one ah?

Use... plastic?


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 9:01 AM | Report Abuse

Come and support goreng kayu sikit
https://klse.i3investor.com/blogs/targetinvest/195028.jsp


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 9:01 AM | Report Abuse

janji ada pattern nice nice ada fire goreng


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 9:04 AM | Report Abuse

Break out and become 34 35 let's go

Break break break


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 11:02 AM | Report Abuse

market no ngam to break... :( :( :(


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 6:47 PM | Report Abuse

Result also very tiaooo


nich0las
2702 posts

Posted by nich0las > Feb 26, 2019 6:49 PM | Report Abuse

wahaha...... cipet company


kasinathan
867 posts

Posted by kasinathan > Feb 26, 2019 7:00 PM | Report Abuse

Red ocean company in the red ocean industry... The outcome is to retest 24 cents..... Soon after sinking in the red ocean... Below 15 cents... Struggling until 2021...


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 7:43 PM | Report Abuse

Ok la kasinathan u r the best la..

Now wood is crap.. so wad is good ?


targetinvest
2312 posts

Posted by targetinvest > Feb 26, 2019 7:43 PM | Report Abuse

Go back to bug my johotin la


husky88
678 posts

Posted by husky88 > Feb 26, 2019 10:14 PM | Report Abuse

Mission failed


sukagtl
44 posts

Posted by sukagtl > Feb 27, 2019 12:56 PM | Report Abuse

ayo.. quaterly result koyak rabak ma..


tnang
417 posts

Posted by tnang > Mar 7, 2019 11:36 AM | Report Abuse

lai lai lai, up up up

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