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0.70   0.00 (0.00%)  0.00 - 0.00  0
1,373 comment(s). Last comment by Nick Chiong at Oct 12, 2019 10:33 AM
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ITreeinvestor
129 posts

Posted by ITreeinvestor > Aug 28, 2019 9:49 PM | Report Abuse

quarter ended 31 March 2018 mainly due to a delay in product shipments to customers as a result of labour shortages in the Dongguan, China manufacturing plant. The Group has addressed the labour shortage by taking the approved steps to relocate the majority of its manufacturing operation in Dongguan to a newly incorporated subsidiary in Wuning, China where stable workforce is more easily achieved.


ITreeinvestor
129 posts

Posted by ITreeinvestor > Aug 28, 2019 9:49 PM | Report Abuse

quarter ended 30 June 2018. This is mainly due to a delay in product shipments to customers with sales value of approximately RM 2.2 million as a result of labour shortages in the Dongguan, China manufacturing plant. The Group has addressed the labour shortage by taking the approved steps to relocate the majority of its manufacturing operation in Dongguan to a newly incorporated
subsidiary in Wuning, China where stable workforce is more easily achieved.


ITreeinvestor
129 posts

Posted by ITreeinvestor > Aug 28, 2019 9:51 PM | Report Abuse

so labour shortages has addressed or not ???


SuperPanda
8265 posts

Posted by SuperPanda > Aug 28, 2019 11:03 PM | Report Abuse

the company still struggling with the relocation issue thus affected sales and productivity...

current price is at bottom already and not sure if it will drop more... i still hold ave .94 and see how it goes rest of the week

i see it may drop within 80+ range but if no big seller, it should remain above 90 after settle down


PotentialGhost
1086 posts

Posted by PotentialGhost > Aug 29, 2019 9:28 AM | Report Abuse

Someone take boleh tahan , see every day drop ,no hope ,just throw


PotentialGhost
1086 posts

Posted by PotentialGhost > Aug 29, 2019 9:31 AM | Report Abuse

From 4.90 to 0.77 how crazy!!


shpg22
2344 posts

Posted by shpg22 > Aug 29, 2019 9:38 AM | Report Abuse

This is the typical mountain stock. Climb high to peak and drop back to base. 95% of small cap company listed on bursa has this type of characteristic. So if you bought half way down thinking its a bargain, prepare to get whacked


shpg22
2344 posts

Posted by shpg22 > Aug 29, 2019 9:41 AM | Report Abuse

Buy only when it reaches base. For IQ that's around 0.30


dompeilee
6303 posts

Posted by dompeilee > Aug 29, 2019 9:43 AM | Report Abuse

Fong Siling getting force SOLD? lol


dompeilee
6303 posts

Posted by dompeilee > Aug 29, 2019 9:44 AM | Report Abuse

1million pledged shares with RHB


shpg22
2344 posts

Posted by shpg22 > Aug 29, 2019 10:04 AM | Report Abuse

From 4.90 to 0.77 how crazy!!
That's the problem, nobody complain when price shoot up from 0.30 in 2013 to 4.50 (adjusted). Only screaming when its going down. BTW 0.77 is not the base yet, 0.30 is.


SuperPanda
8265 posts

Posted by SuperPanda > Aug 29, 2019 10:15 AM | Report Abuse

i only buy small qty bet on their profit but seems not a correct decision.. the mgmt made mistake on 1st relocation and then has to redo to new place.. hopefully it has settle down with the new place and start to focus on their sales

however led market is getting tougher due to competition so it has to work harder to position its product


SuperPanda
8265 posts

Posted by SuperPanda > Aug 29, 2019 10:48 AM | Report Abuse

FA wise, mgmt good manage its finance since it has no debt.. cash still available and book value discount almost 50%.. it must start to profit next qtr if not more selling will happen


michaelwong
2288 posts

Posted by michaelwong > Aug 29, 2019 12:42 PM | Report Abuse

Terrible downhill with faulty brakes . Resemble pos from 5++ down to this date . Not all stocks can qualify to keep long term .


shpg22
2344 posts

Posted by shpg22 > Aug 29, 2019 1:27 PM | Report Abuse

Every stock is qualify for long term. Just need to buy at base, not peak


sense maker
419 posts

Posted by sense maker > Aug 29, 2019 3:40 PM | Report Abuse

The fall should continue till 60sen or below.


lalalila
6 posts

Posted by lalalila > Aug 29, 2019 6:15 PM | Report Abuse

Did anyone attend AGM today? Anything to share ^^


SuperPanda
8265 posts

Posted by SuperPanda > Sep 2, 2019 12:04 PM | Report Abuse

i shall wait next qtr to make new move, it just need to post at least 1m-2m profit for investor to jump in back


PeterNg
409 posts

Posted by PeterNg > Sep 12, 2019 4:34 PM | Report Abuse

nothing can do, just need wait till sun rise.


samchong6891
20 posts

Posted by samchong6891 > Sep 13, 2019 7:52 AM | Report Abuse

Any sifu can share some info about this company?


shareinvestor88
1520 posts

Posted by shareinvestor88 > Sep 22, 2019 11:30 AM | Report Abuse

Moving production base to china thus incurring losses and retrenchment cost. Net cash no debt. Once the move is completed , shud be making profit


samchong6891
20 posts

Posted by samchong6891 > Oct 7, 2019 10:26 AM | Report Abuse

Shareinvesto88 the management mentioned that the sales is affecting by the trade world


Nick Chiong
2 posts

Posted by Nick Chiong > Oct 12, 2019 10:33 AM | Report Abuse

How many percent of Sales to US? If just a small percent should be an issue. But shifting factory to China to cut cost is a short term measure, management need to think long term.

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