Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.42   +0.02 (1.43%)  1.40 - 1.42  74,000
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
12-Jun-2019 13-Jun-2019 Conversion of Loan Stocks 40,900 1.180 296,471,524 Additional Listing Detail
04-Jun-2019 10-Jun-2019 Conversion of Loan Stocks 44,322 1.180 296,430,624 Additional Listing Detail
02-May-2019 03-May-2019 Conversion of Loan Stocks 237,795 1.180 296,386,302 Additional Listing Detail
16-Jan-2019 17-Jan-2019 Conversion of Loan Stocks 12,372 1.180 308,978,507 Additional Listing Detail
04-Jan-2019 07-Jan-2019 Conversion of Loan Stocks 1,694 1.180 308,966,135 Additional Listing Detail
27-Nov-2018 28-Nov-2018 Conversion of Loan Stocks 25,423 1.180 308,964,441 Additional Listing Detail
08-Nov-2018 09-Nov-2018 Conversion of Loan Stocks 928,814 1.180 308,939,018 Additional Listing Detail
24-Oct-2018 25-Oct-2018 Conversion of Loan Stocks 620,000 1.180 308,010,204 Additional Listing Detail
10-Oct-2018 11-Oct-2018 Conversion of Loan Stocks 500,000 1.180 307,390,204 Additional Listing Detail
04-Sep-2018 05-Sep-2018 Conversion of Loan Stocks 8,900 1.180 306,890,204 Additional Listing Detail
13-Aug-2018 14-Aug-2018 Conversion of Loan Stocks 889,000 1.180 306,881,304 Additional Listing Detail
25-Jul-2018 26-Jul-2018 Conversion of Loan Stocks 430,000 1.180 305,992,304 Additional Listing Detail
16-Jul-2018 17-Jul-2018 Conversion of Loan Stocks 65,000 1.180 305,562,304 Additional Listing Detail
04-Jul-2018 05-Jul-2018 Conversion of Loan Stocks 11,000 1.180 305,497,304 Additional Listing Detail
11-Jun-2018 12-Jun-2018 Conversion of Loan Stocks 6,094,491 1.180 305,486,304 Additional Listing Detail
25-Apr-2018 26-Apr-2018 Conversion of Loan Stocks 962,202 1.180 299,391,813 Additional Listing Detail
11-Apr-2018 12-Apr-2018 Conversion of Loan Stocks 12,000 1.180 298,429,611 Additional Listing Detail
12-Feb-2018 13-Feb-2018 Conversion of Loan Stocks 10,000 1.180 298,417,611 Additional Listing Detail
15-Jan-2018 16-Jan-2018 Conversion of Loan Stocks 1,694 1.180 298,407,611 Additional Listing Detail
28-Dec-2017 29-Dec-2017 Conversion of Loan Stocks 10,000 1.180 298,405,917 Additional Listing Detail
26-Dec-2017 27-Dec-2017 Conversion of Loan Stocks 17,000 1.180 298,395,917 Additional Listing Detail
13-Dec-2017 14-Dec-2017 Conversion of Loan Stocks 1,694 1.180 298,378,917 Additional Listing Detail
05-Dec-2017 06-Dec-2017 Conversion of Loan Stocks 3,389 1.180 298,377,223 Additional Listing Detail
29-Nov-2017 30-Nov-2017 Conversion of Loan Stocks 15,000 1.180 298,373,834 Additional Listing Detail
22-Nov-2017 23-Nov-2017 Conversion of Loan Stocks 50,000 1.180 298,358,834 Additional Listing Detail
08-Nov-2017 09-Nov-2017 Conversion of Loan Stocks 500,000 1.180 298,308,834 Additional Listing Detail
24-Oct-2017 25-Oct-2017 Conversion of Loan Stocks 10,000 1.180 297,808,834 Additional Listing Detail
11-Oct-2017 12-Oct-2017 Conversion of Loan Stocks 1,958,000 1.180 297,798,834 Additional Listing Detail
04-Oct-2017 05-Oct-2017 Conversion of Loan Stocks 4,000,000 1.180 295,840,834 Additional Listing Detail
26-Sep-2017 27-Sep-2017 Conversion of Loan Stocks 5,000 1.180 291,840,834 Additional Listing Detail
07-Sep-2017 08-Sep-2017 Rights Issue 46,492,498 1.160 291,835,834 Additional Listing Detail
23-Aug-2017 24-Aug-2017 Conversion of Loan Stocks 50,846 1.180 245,343,336 Additional Listing Detail
03-Aug-2017 04-Aug-2017 Conversion of Loan Stocks 31,949 1.180 245,292,490 Additional Listing Detail
12-Jul-2017 13-Jul-2017 Conversion of Loan Stocks 30,423 1.180 245,260,541 Additional Listing Detail
05-Jul-2017 06-Jul-2017 Conversion of Loan Stocks 13,898 1.180 245,230,118 Additional Listing Detail
30-Jun-2017 03-Jul-2017 Conversion of Loan Stocks 10,000 1.180 245,216,220 Additional Listing Detail
28-Jun-2017 29-Jun-2017 Conversion of Loan Stocks 1,033,850 1.180 245,206,220 Additional Listing Detail
20-Jun-2017 21-Jun-2017 Conversion of Loan Stocks 1,005,000 1.180 244,172,370 Additional Listing Detail
29-May-2017 30-May-2017 Conversion of Loan Stocks 5,000 1.180 243,167,370 Additional Listing Detail
09-May-2017 11-May-2017 Conversion of Loan Stocks 5,000 1.180 243,162,370 Additional Listing Detail
03-May-2017 04-May-2017 Conversion of Loan Stocks 27,844 1.180 243,157,370 Additional Listing Detail
22-Feb-2017 23-Feb-2017 Conversion of Loan Stocks 2,000 1.180 243,129,526 Additional Listing Detail
16-Jan-2017 17-Jan-2017 Conversion of Loan Stocks 3,000 1.180 243,127,526 Additional Listing Detail
29-Dec-2016 30-Dec-2016 Conversion of Loan Stocks 5,000 1.180 243,124,526 Additional Listing Detail
13-Dec-2016 14-Dec-2016 Conversion of Loan Stocks 1,949,152 1.180 243,119,526 Additional Listing Detail
28-Nov-2016 29-Nov-2016 Conversion of Loan Stocks 1,502,796 1.180 241,170,374 Additional Listing Detail
08-Sep-2016 09-Sep-2016 Conversion of Loan Stocks 33,792 1.180 239,667,578 Additional Listing Detail
06-Sep-2016 07-Sep-2016 Conversion of Loan Stocks 25,898 1.180 239,633,786 Additional Listing Detail
01-Sep-2016 02-Sep-2016 Conversion of Loan Stocks 3,500,000 1.180 239,607,888 Additional Listing Detail
29-Aug-2016 30-Aug-2016 Conversion of Loan Stocks 3,161,871 1.180 236,107,888 Additional Listing Detail
24-Aug-2016 25-Aug-2016 Conversion of Loan Stocks 1,767,468 1.180 232,946,017 Additional Listing Detail
22-Aug-2016 23-Aug-2016 Conversion of Loan Stocks 42,372 1.180 231,178,549 Additional Listing Detail
17-Aug-2016 18-Aug-2016 Conversion of Loan Stocks 1,308,474 1.180 231,136,177 Additional Listing Detail
15-Aug-2016 16-Aug-2016 Conversion of Loan Stocks 655,338 1.180 229,827,703 Additional Listing Detail
10-Aug-2016 11-Aug-2016 Conversion of Loan Stocks 265,807 1.180 229,172,365 Additional Listing Detail
08-Aug-2016 09-Aug-2016 Conversion of Loan Stocks 682,625 1.180 228,906,558 Additional Listing Detail
03-Aug-2016 04-Aug-2016 Conversion of Loan Stocks 301,061 1.180 228,223,933 Additional Listing Detail
01-Aug-2016 02-Aug-2016 Conversion of Loan Stocks 86,863 1.180 227,922,872 Additional Listing Detail
27-Jul-2016 28-Jul-2016 Conversion of Loan Stocks 268,406 1.180 227,836,009 Additional Listing Detail
20-Jul-2016 21-Jul-2016 Conversion of Loan Stocks 67,500 1.180 227,567,603 Additional Listing Detail
15-Jul-2016 18-Jul-2016 Conversion of Loan Stocks 119,107 1.180 227,500,103 Additional Listing Detail
13-Jul-2016 14-Jul-2016 Conversion of Loan Stocks 2,832,929 1.180 227,380,996 Additional Listing Detail
08-Jul-2016 11-Jul-2016 Conversion of Loan Stocks 869,657 1.180 224,548,067 Additional Listing Detail
04-Jul-2016 05-Jul-2016 Conversion of Loan Stocks 252,286 1.180 223,678,410 Additional Listing Detail
29-Jun-2016 30-Jun-2016 Conversion of Loan Stocks 1,792,028 1.180 223,426,124 Additional Listing Detail
28-Jun-2016 29-Jun-2016 Conversion of Loan Stocks 3,220,337 1.180 221,634,096 Additional Listing Detail
23-Jun-2016 24-Jun-2016 Conversion of Loan Stocks 9,712,796 1.180 218,413,759 Additional Listing Detail
20-Jun-2016 21-Jun-2016 Conversion of Loan Stocks 1,649,760 1.180 208,700,963 Additional Listing Detail
15-Jun-2016 16-Jun-2016 Conversion of Loan Stocks 2,012,000 1.180 207,051,203 Additional Listing Detail
13-Jun-2016 14-Jun-2016 Conversion of Loan Stocks 37,287 1.180 205,039,203 Additional Listing Detail
08-Jun-2016 09-Jun-2016 Conversion of Loan Stocks 115,405 1.180 205,001,916 Additional Listing Detail
06-Jun-2016 07-Jun-2016 Conversion of Loan Stocks 9,018,643 1.180 204,886,511 Additional Listing Detail
01-Jun-2016 02-Jun-2016 Conversion of Loan Stocks 1,268,472 1.180 195,867,868 Additional Listing Detail
25-May-2016 26-May-2016 Conversion of Loan Stocks 916,980 1.180 194,599,396 Additional Listing Detail
23-May-2016 24-May-2016 Conversion of Loan Stocks 16,948 1.180 193,682,416 Additional Listing Detail
18-May-2016 19-May-2016 Conversion of Loan Stocks 6,014,738 1.180 193,665,468 Additional Listing Detail
11-May-2016 12-May-2016 Conversion of Loan Stocks 914,661 1.180 187,650,730 Additional Listing Detail
03-May-2016 04-May-2016 Conversion of Loan Stocks 1,666,069 1.180 186,736,069 Additional Listing Detail
27-Apr-2016 28-Apr-2016 Conversion of Loan Stocks 260,000 1.180 185,070,000 Additional Listing Detail
25-Apr-2016 26-Apr-2016 Conversion of Loan Stocks 10,000 1.180 184,810,000 Additional Listing Detail
27-Oct-2015 28-Oct-2015 Rights Issue 59,800,000 1.200 184,800,000 Additional Listing Detail
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geary Simple n boring business, easy to understand, plus good earnings growth, those who intend to buy long-term more than 5 yrs, at this price is fair. Wz dividend ratio of above 50% n good FCF n retained earnings growth, it is slighly out-of-favour. Buy n hold n not for speculator, who will never ride on their investment. D best is FA wz some TA knowledge, combination of 2 kung-fu! Bye!
21/11/2016 1:33 AM
gforce2 http://www.theedgemarkets.com/my/article/elk-desa-unperturbed-lacklustre-economy
01/12/2016 2:37 AM
AK2899 每年都在附加股的公司,好个屁?你们的股份都被大股东吃光光还好吗?proton saga.
19/01/2017 1:31 AM
smartInvestor1 一边出附加股拿钱 一边派息给股东?直接看ROE 太低。Furniture business still suffer loss
22/01/2017 3:08 PM
crazy127 Future rm6.60
31/01/2017 12:44 PM
Crazy crazy Sleeping counter....
17/02/2017 12:12 PM
wei007 even with a good quarter result...
17/02/2017 6:19 PM
crazy127 Buy TGUAN, now 4.50, next yr 8.88
29/03/2017 6:43 AM
wisdomtot so exciting, yet forum is so quiet
08/06/2017 4:00 PM
wisdomtot syiok sendiri... explode soon
14/06/2017 4:44 PM
wei007 These 2 days volume are extremely huge. Please dun explode so soon....I am still collecting.
14/06/2017 5:13 PM
gforce2 http://www.theedgemarkets.com/article/elkdesa-posts-8-drop-1q-net-profit

KUALA LUMPUR (Aug 18): ELK-Desa Resources Bhd reported an 8.1% drop in net profit for its first quarter ended June 30, 2017 (1QFY18) RM5.05 million from RM5.5 million a year earlier.
...
The group’s revenue for the quarter rose 16.2% to RM25.57 million from RM21.99 million in 1QFY17, thanks to higher sales contribution from both business segments.
Revenue for its hire purchase segment grew 15% to 17.64 million, whereas that of the furniture segment rose 20% to RM7.94 million.
ELK-Desa said impairment allowance for its hire purchase segment rose 46% to RM6.45 million, primarily due to higher delinquent accounts and cost of debt recoveries.
...
Similarly, the impairment allowance for its furniture segment jumped by 100% to about RM160,000 due to long outstanding trade receivables.
...

"The board is confident that the group's profit for the financial year ending 31 March 2018 will be better than financial year ended 31 March 2017," it added.

===
Quick Analysis:
The recent rights issue to raise ~RM59m was timed to provide additional funds to grow their hire purchase & furniture businesses. This should hopefully counter the higher impairments to be expected in a slowing domestic economy.
Revenue is up, but profit is down. Overall, it seems like there are more headwinds ahead. Dividend yield is around 4.5% pa, so if you're a yield seeker, some selected REITs might be a better bet.
18/08/2017 7:15 PM
PenguinDad Has right issue completed and right transfer to cds a/c?
06/09/2017 5:17 PM
EVO118 Some big player out there with a huge blocker everytime it gets close to 1.21, as well blocking it from going down below 1.17. This can only happen if they have huge volume. The order gets placed whenever it gets close. It's not there now. Was there yesterday as a buyer before cancelling it, & there before lunch as a seller today but has since pulled the order. Not sure what is going on.
09/11/2017 2:54 PM
EVO118 Someone is making sure the loan stock conversion price of 1.18 is not breached. The big order appears when the price is threaten. Just doesn't understand whoever it is having a road block at 1.21 on a potential 3% profit. Maybe a fake selling order..
09/11/2017 3:46 PM
Choivo Capital This is a good company.

Problem is that use too much equity, so much share issue etc, that really dilute the share base.

This is a financing company, which means you need to leverage up. Other non deposit taking financial institutions leverage up 3-5.5 times. While Elkdesa only has leverage of 0.1 times.

My suggestion, take a loan and give a fat div. Leverage it up to at least 2 times.
16/11/2017 11:33 PM
PenguinDad vinchain.io for second car sales with cryptocurrency!
07/03/2018 10:46 AM
Meng 这公司还真冷门,赚了钱也没人理
17/08/2018 1:47 PM
wei007 唯有继续累积拿股息。。。
18/08/2018 12:05 AM
wei007 Rakuten Trade recommend with target price RM 1.38
31/08/2018 12:41 AM
Kiryu88 rakuten sinkalan got la
01/09/2018 12:25 AM
Meng suddenly got some volume today
09/10/2018 4:04 PM
Meng another quarter with nice results. seems like they are pushing sales now. profits should be higher next year
13/11/2018 6:35 PM
UnicornP https://www.thestar.com.my/metro/metro-news/2018/07/03/prices-for-used-cars-expected-to-remain-low-secondhand-dealers-say-sst-only-applicable-to-manufactur/
17/11/2018 11:45 AM
Meng 2 years new high. can it sustain?
11/01/2019 5:57 PM
foreverchung If drop = buy 99
15/01/2019 10:28 AM
zigua 99?now 132 !
29/01/2019 11:33 PM
tracylim This is a long term counter. It eliminates opportunists and sharks, at least until now... both are not seen or not obvious in the counter. I have great trust for Elkdesa with long term target price 2.00-3.00 says in 3-5 years time if the current growth continues.
31/01/2019 10:49 AM
Meng hi tracy, mind to share why you so confident to the company?
31/01/2019 9:49 PM
RainT this counter is loan to car so the biz prospect is not really good, dont have competitive advantage , need depend on car sales for increase loan etc

also it venture into furniture biz which is also a bad idea
furniture biz is very crowded now with other big players ...this all will not help in ELKDESA profit growth
01/02/2019 11:24 AM
RainT ELKDESA also is in negative operating cash flow which is bad
01/02/2019 11:27 AM
tracylim If this coming announcement good result or at least maintain, then I expect it to go above 1.50, and if all quarters in 2019 good results then above 2.00 is for certain.
10/02/2019 12:28 AM
Meng wow, i didn't expect we have same thought! last agm management set a new direction, i see their are really doing well on that from last quarterly result. i have confidence the company will have good results this year
10/02/2019 9:43 PM
tracylim True. Not too many investors realise the value of ELKDESA, and don't you think that's a good thing? That's the reason why we still can buy in at the current price, and I really feel good accumulating along side with the big boss, if you understand what I mean.. I rather do it now than start accumulating when it is 2.00 3.00..
14/02/2019 9:55 AM
Yi Heng just drop more please, u all know what i mean haha
17/02/2019 9:37 PM
Yi Heng chairman allocate 2000000 shares within 2 months :)
18/02/2019 8:11 PM
tracylim Wow, not bad! Cancellation of treasury shares! This shows that Elkdesa has strong cash flow.. it reduces the total of shares available in the market which is definitely a good thing! Yes!
24/02/2019 3:31 PM
Meng i disagree the action on cancellation of treasury shares. they can make good use from it instead of just cancelled it. it is worth more then RM17m. the company was right issues few times in the past, but why not they just sell the treasury shares to get more fund? if that conflict with the chairman buying share from open market recently, they can look for funds institution or other investor to buy over. now the shares are wasted just to push up the share price slightly. im surely going to address out the issue in agm
25/02/2019 1:12 PM
James Yeo Elk-Desa Resources Bhd has a track record of consistent dividend payouts over last 5 years. Check out other 2 similar stocks at https://klse.i3investor.com/blogs/small_cap_asia/195122.jsp
26/02/2019 11:01 AM
tracylim Well Meng, I guess the boss has his own planning on this. You may voice up your opinion in the AGM, but for me, it's definitely a good sign and I hope they will cancel more share in the future.. anyway for the time being, let's wait and see what's in the boss's head..
08/03/2019 11:22 PM
Meng i personally think that the management want to improve the company reputation and strengthen the confidence of share holders. i have seen them have intention to improve the awareness of the public to the company too. but still i think they can have better use of the treasury share.
11/03/2019 2:14 PM
Meng im happy to see the share price go up, but im more happy to see the net profit go up and the cost go down
11/03/2019 2:17 PM
sleang There are 3 things that the co. can do with treasury shares, 1. re-sell to the market at higher price to gain profit; 2. distribute to shareholders as share dividends; 3. cancel it off. Among the 3, the only option which will reduce the number of shares is #3 as the first 2 options will release the shares back to the market...
11/03/2019 2:29 PM
Meng as a financing institution, funds is important to company. there was a few times company having rights issue to increase the funds. although the treasury is not a big amount as past rights issue, but still worth good amount of money which can help the company business. if they can make use of it, selling to get some funds drive more sells or reduce financing cost, i think that is much better option
11/03/2019 4:51 PM
smissions Rights issue, rights issue, rights issue, cancel shares. Also advertises on Google Ads.
04/04/2019 2:54 PM
tracylim If not mistaken the management already promised no more right issue...
04/04/2019 6:28 PM
sleang another set of fantastic results! well done~!
21/05/2019 6:22 PM
tracylim Really proud of ELK, particularly in the midst of uncertainties. Now we know why the boss kept on buying. Well done!
23/05/2019 7:52 AM
Meng profit can be go higher but drag down by the furniture business. they can maintain a lower impairment on the hire purchase business, i think they should be able to do the same to the furniture business too.
23/05/2019 9:32 AM
Meng by comparing the annually result, the hire purchase business really doing great which revenue and profit before tax increased 16% and 23% from financial year 2018. the company really doing well to improve the loan quality and significant reduce the impairment allowance. total hire purchase receivables grow 23% but the impairment reduced instead, well done. block discounting increase intact with company direction. but there is not perfection, the increase of workforce recently not yet see to have any positive effect to the business yet.

for furniture business, i think after all these years, although see the improvement, but still the profit margin still very low, just passed 2.5% this year, most of the expenses go to cost 60%+ and other expenses 30%+. now the impairment allowance come to a concern level 1.5% from the revenue, this is quite high if compare to the profit margin 2.5%.. hopefully the management will put some effort in the furniture business, improve the dealership, or find other better dealers.

overall the business seems to be positive, wish coming year business can grow more and stable
23/05/2019 5:33 PM


 

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