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Overview
Financial Highlight
HeadlinesBusiness Background ARB Berhad, an investment holding company, manufactures and sells wood products primarily in Malaysia. It operates through five segments: Investment Holdings and Others, Manufacturing of Wood Products, Barging, Timber, and Information Technology. The company manufactures sawn timber and veneer. It also engages in the provision of scows and tug boats hiring services; consulting services for project management; management services; and timber contracting activities. In addition, the company is involved in reselling customized enterprise resource planning software system and information technology related services. ARB Berhad was founded in 1989 and is headquartered in Tawau, Malaysia.
  Ifahjais So far 0.30 tough to penetrate. Let's see lunch break. ARBB-PA so far holding steady 0.105/0.115 when ARBB goes down to 0.270 or goes up to 0.300 it stays within this tiny range. Take notice when ARBB and ARBB-PA goes above or below these ranges. 03/06/2021 10:36 AM NewbIE88 HI Not much worry for Arbb as their previous year 2020 annual report was done audited and for sure they should also verified for the 60+m trade receivable under non-current asset. For what i see why arbb trade receivable would be high is because of their business model. For ERP, they are providing software services, as this might be in term of 5years service and they might enter into some agreement, payment would only be paid after the service (if it is satisfaction). For IOT smart building, this is more obvious that it would categorize in trade receivable and would be under non current asset (most probably) because their system would only available at the very end of the completion of 1 building, so they might need to wait for the high rise building to be almost complete, they just able to provide their services and install their stuff. Normally one high rise building would take 4years to build up. The trade receivable occur to be after they make partnership with China Unicom, so it might be one of the reason why their trade receivable increase because of getting some big IOT contract with this company. Back to serbadk, as you all can see its last quarter report havent out yet due to unverified item. Becareful on SCIB as well because its QR also havent release yet. For Kpower, it is out, but you all can see it is audited till 30/6/2020 only. Quite fishy. Not like arbb already audited till 31/12/2020. This you can find from the latest QR when they making the comparison with audited report. By the way, this is just my own thought. Is your own choice to choose to invest or not. Hope that all of you have a great journey on investing. ^^ 03/06/2021 10:52 AM Ifahjais https://www.freemalaysiatoday.com/category/nation/2021/06/03/deloitte-hands-over-rm336mil-in-seized-1mdb-linked-funds/ Deloitte hands over RM336mil in seized 1MDB-linked funds FMT Reporters -June 3, 2021 10:29 AM Big company, Deloittes. Will they help ARBB cover-up any hanky panky business? Unkindly! 03/06/2021 10:56 AM gkent2000 还在关注 SERBADK？ 可能你会错失这家潜在的 LIMIT UP 公司！ 现在大家都把目光都集中在“卡林主题股票”上，目前看来这位巨人已经倒下了。 至今，粗略计算拿督莫哈卡林的投资组合在一天内损失了约 5 亿令吉。 上图是在投资者社交圈内被大量分享的热门图片。 那么，在这里要说的另一个被低估的公司是哪家公司呢？ 幸运的是， 由于政府实施了 从2021年6月1日开始的14日全面MCO， 该公司的股价与昨天同步下跌了约5%。 这家公司是ARB Berhad（“ARBB”）， 自 2018年以来一直是我主要的投资项目。 大多数投资者都熟悉这家由新管理层接手后，从一个处于衰退中的木材公司转变为一家带来盈利的科技公司。 尽管该公司先前获得了骄人的业绩，但该公司最近的季度业绩影响了其成长。 当业绩好的时候， 大家都不会加仓或买进。 而业绩不理想时， 投资者们都在抛售股票。 ARBB的抛售压力也非常大， 这就是ARBB的现状。 如果你查看了该公司的技术分析， 你会发现情况可能会略有不同。 我目前使用着布林带，A/D, ADX and Smart MCDX来观察趋势以及公司的资金流向。 从上图中， 我们可以见到公司的资金流向, 而Smart MCDX则显示出资金正在流出中。 但是，如果我仅根据这两个指标进行着交易，那几年前我一定会失败。 资金流是我衡量公司投资者动向的方式，而ADX和布林带则是用来执行交易的时期。 在布林带方面， 我使用了EMA 50作为指标的中点， 显然可以见到该公司开盘很大，并且尾盘价在布林带低处反弹（中间趋势线的-2倍）。 尽管ADX仍低于典型的 40.0范围，但仍显示出与股价和资金流动相反的力量。 这可以被理解为ARBB的短期或日内投资者逐渐的退出了， 留下的是对公司有信心的投资者。 大家只要看一下今天的交易量，交易量非常的低， 已经不会在变得更低了。 因此， 我认为ARBB的下行风险在当前价格上非常的稳定。 ARBB的即时阻力将是0.300令吉， 支撑点为当前水平。 不过，任何有经验的投资者都可以在昨天市场收盘前10分钟建立自己的头寸。 然而，如果本周该公司的股价超过0.300 令吉，ARBB一定会很快回升至0.350至 0.400令吉的区域，这意味着18%-30%的回报。 我目前持有该公司价值超过十万令吉的股票。 坦白地说，我认为我可能有些偏见，昨天我确实又加仓了！ 03/06/2021 1:54 PM gkent2000 https://klse.i3investor.com/blogs/oasn/2021-06-03-story-h1566016672.jsp 03/06/2021 1:55 PM Ifahjais Uptrend can turn into downtrend. Downtrend can turn into uptrend. Support can become Resistance and become Support. What does that mean? There's no such thing as a sure thing. It's risky and will always be risky. If you want to play... make sure you have risk management in place. 03/06/2021 2:18 PM Ifahjais From Monday when it closed higher than opening... it has closed higher. Just a bit including today. 03/06/2021 4:52 PM Ifahjais If tomorrow go back to 30... It's like this week never happened and tomorrow back to last week. Meaning Lockdown ARBB shouldn't have come down at all. It came down only for the buyers to buy at a lower price that's all. 03/06/2021 5:03 PM thanos2020 I remembered earlier there was a gozilla saying he will get 0.095 sen by the end of the week.. wondered what happened to him/her? Mayb went back to zoo negara to hide...Lesson: Dont predict prices, you will only malu yourself saje. 05/06/2021 10:54 AM gozilla88 I buy pharma earn faster money, now is dpharma turn since Russia vaccine will launching soon.... Unlike arbb will never break 30sen for this year 05/06/2021 2:28 PM hoot9eonly Lol , what a smart comparison. Totally none relate. You comparing it and future stock to a vaccine stock. Bro , are you ok ? 05/06/2021 4:46 PM CapitalgainInvestor After the issue of serbak, people start to look into the trade receivables more heavily. This company is making good results just like serbak, and their trade receivables position is also like serbak. Serbak still have EPF as the back, this company... 08/06/2021 3:17 PM longtermvalue fyi from rakuten's update - BRIEF: For the three months ended 31 March 2021, Arb Bhd revenues increased 48% to RM49.5M. Net income remained flat at RM6.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income reflects Other operating incomes increase from RM170K to RM507K (income), FINANCE COSTSdecrease of 25% to RM6K (expense), offset by Administrative expenses increase of 92% to RM3.4M (expense). 08/06/2021 4:04 PM hoot9eonly Everyone here saying to sell at that high point doh. Majority make profit at this counter..... Maybe you have to wait next wave. 08/06/2021 5:59 PM bobvic96 Ifahjais Neither are they selling. At this price it's not bargain. As long as they have enough to control the company, buy extra for what? Sometimes company prospects is not everything. There can be a world-wide crash which has nothing to do with ARBB. Anyway, never marry a position. Must have appropriate risks management in place. ================================= thanos2020 Somewhere ard mid of Mar 21, I believed Liew converted aome of his ICPS to become the mothershare...I read it somewhere (correct me if I am wrong).. It is much cheaper for him to convert his ICPS than to buy from the market... ================================== Reading between the lines, senior management occasionally convert their ICPS options into stock then sell (or is it transfer) on the open market at a "high" price to buy their properties, cars, etc. and all the "faithful" rush in to buy. I need something like that in my life. 08/06/2021 9:58 PM longtermvalue hopefully QR consistently good until year end. usually year end (reported next yr Feb) they will have much better QR 09/06/2021 8:24 AM Sumalia X perlu jelaskan orang tu.. dia ingat yang dia tahu tengok QR saja ,luar orang lain x tahu tengok QR , tu la orang tu kata VALUE STOCKS … kalau company betul bagus kenapa investor xkan beli ???? Ini make sense kah ??? 09/06/2021 10:24 AM influenza19 The issue that make investor worry with ARBB are trade receivable and PA, if they can collect some of the trade receivable it will install confidence into investors while PA still take 2 and half years to expired. Plus if they can collect huge chunk of the receivable, they will have pile of cash ..giving good dividends should not be an issue. The different between SERBADK and ARBB is.... ARBB do not have any loan. Net cash company, even if they take longer or unable to collect the trade receivable, this company will not become bad debt or be delist. There is a lot of other good company which their share stagnant or still lingering at low PE such LAGENDA, HTPADU, KPS, FIAMMA, DPS, TRC and EUPE. while their EPS is good, investor always oversight some of them. The nearest example MMCCORP for month the share price are low (around RM 1) with PE 8-12. After announce want to privatize then a lot of investors realize that it should value around RM 2- RM 3 (it will value higher as Penang port (under MMCCROP) just got free commercial zone status which will increase their revenue). After include the trade receivable issue, i still value ARBB better than Censor, Smetric and Sedania or even DATAPREP. Bursa not always about FA, PE or EPS. Speculations play a huge influence. 09/06/2021 11:45 AM hoot9eonly As I said , if really go for value investing. Arbb is a really good choice. 09/06/2021 2:33 PM bosskufanboy ARBB is currently undervalue and IT is not trending right now, influenza already list out the pro & cons of ARBB, u can take a look urself 09/06/2021 3:06 PM  CynicalCyan If you buy this stock thinking you are value investing, then you need to relearn what is value investing 09/06/2021 8:41 PM jokurprg So many voice of Value investing. Btw Value investing can't really based on Buffet to make a standard. Warrant make mistake too. But if there are a return in future, why not consider a stock as a Value investing too. 10/06/2021 4:03 PM Tigger Whether it is value investing or not boils down to the non current Trade Receivables(TR or AR) as far as ARBB is concerned. Only on hindsight one can brag on one's decision. - If they are good debt meaning they are recoverable/collectible on due dates(2022) then it will turn out to be value investing except that the credit period is exceptionally long. So in the next 2-3 quarters the non current AR will continue to increase as there won't be any payment as I am assuming a credit term of at least 12 months. As such we wont be seeing any provision or impairment loss on the non current AR in 2021(my guess, until we get more clarity or the customer collapsed before due date) -if the debts are mostly irrecoverable later on(2022) then it can fall under fraud or bad business risk. That will be a subject for another day. The main problem is the lack of clarity on the nature of the non current AR. That is causing the jitters and uncertainty. To me the PA is a non issue but actually helps in the company cashflow. To counter the increasing conversion the company just need to earn more to offset the dilution. As such investing in ARBB at this point is a calculated risk as to how one perceive the non current AR. 10/06/2021 9:09 PM Ifahjais https://www.businesstimes.com.sg/energy-commodities/hin-leong-sues-deloitte-over-alleged-role-in-oil-traders-collapse Hin Leong sues Deloitte over alleged role in oil trader's collapse THU, JUN 10, 2021 - 5:20 PM 11/06/2021 8:05 AM hoot9eonly https://klse.i3investor.com/blogs/Investmentdiary2021/2021-06-11-story-h1566165373-Value_Investing_An_Uprising_Theme_That_You_Do_Not_Want_To_Miss.jsp 11/06/2021 4:47 PM Ifahjais ARBB is just not in favor at the moment. This company is not a money losing company. It is not a highly indebted company. So can hold until it comes back in favor and becomes the market darling. amazon.com lost money for 20 years before becoming a trillion dollars company. Must have patience but must be ready to cut loss anytime also when it turns bad. Right now it's still good. It's still a good company to hold. 11/06/2021 5:01 PM goodiewilly If it goes back to 0.36-0.40, at least people still believe it. Now I see it as rubbish too as all promoters with good write up, just make the readers like donkeys, the owners themselves never even respect those write ups, never show its efforts to move up with the good potential.. Either the Fatty Liew group is rubbish, or he owns a rubbish companies, trying to con.. For 2019 till now, the price almost the same .. 12/06/2021 8:55 AM stevenlowcb many 'con-men' trying their luck in the market. if the story is too good to be true, be extremely careful. I burnt a few times already. 12/06/2021 9:01 AM gozilla88 low pe low performance company low prospect, highly rely on article and blog and news to con investor money. new article out for arbb will up abit then massive selldown. avtime like this 13/06/2021 10:55 AM Sumalia Groups PROSPECT : ERP and IoT segments are expected to contribute impressive future earnings for the Group. This are the director words sooooooo meaningful ;) 14/06/2021 12:02 PM soonning65 @hoot9eonly, Hi sifu ~~Those sour strawberry don't mange to pull out profit during the high point. Which i guess you say talk half profit that time. hahaha... Guess they chase high and they starting to blame the counter now 14/06/2021 1:09 PM  | |
