Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.40   +0.01 (0.72%)  1.39 - 1.42  52,400
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Ann. Date Ex Date Payment Date Type Subject Amount View
08-Jul-2013 13-Sep-2013 03-Oct-2013 DIVIDEND First and Final Dividend RM 0.065 Dividend Detail
04-Mar-2014 14-Mar-2014 18-Mar-2014 RIGHTS_ISSUE Rights Issue 4 : 5 Dividend Detail
16-Jun-2014 08-Sep-2014 23-Sep-2014 DIVIDEND First and Final Dividend RM 0.075 Dividend Detail
08-Jun-2015 07-Sep-2015 23-Sep-2015 DIVIDEND First and Final Dividend RM 0.0750 Dividend Detail
09-Sep-2015 22-Sep-2015 25-Sep-2015 RIGHTS_ISSUE Rights Issue 1 : 2 Dividend Detail
18-Feb-2016 16-Mar-2016 30-Mar-2016 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
02-Jun-2016 13-Sep-2016 30-Sep-2016 DIVIDEND Final Dividend RM 0.035 Dividend Detail
10-Nov-2016 16-Jan-2017 08-Feb-2017 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
09-Jun-2017 16-Aug-2017 28-Aug-2017 DIVIDEND Final Dividend RM 0.035 Dividend Detail
25-Jul-2017 04-Aug-2017 08-Aug-2017 RIGHTS_ISSUE Rights Issue 1 : 5 Dividend Detail
16-Nov-2017 23-Jan-2018 08-Feb-2018 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
07-Jun-2018 03-Sep-2018 26-Sep-2018 DIVIDEND Final Dividend RM 0.035 Dividend Detail
13-Nov-2018 16-Jan-2019 30-Jan-2019 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
22-Feb-2019 26-Mar-2019 15-Apr-2019 INTEREST Loan Stock Interest 3.25% Dividend Detail
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SpaceNeedle diluting eps is an issue as conversion of loan stock even though higher net profit. This may continue causing its share price under pressure once share buy back activity lesser.
11/11/2016 10:26
gforce2 Yes. On paper, they had a good 2nd quarter. Higher revenue, but also higher impairment allowance (bad debt? NPL?) for their hire purchase financing. Also note, their furniture business makes their revenue look bigger, but it isn't profitable yet.
ICULS holders are also converting to the mother share since the dividend yield is much better (about 5.7% at current share price vs 3.25% Loan Stock Interest).

I was talking about the next 6 months to 1 year. Malaysian market starting to look a little bit shaky.
11/11/2016 10:36
Angielim9955 gforce2 , do you know why such good qr cannnot help sha price , now near hist lowest ?
is it because rinnggit too weak ?
11/11/2016 18:02
gforce2 Angielim9955, a lot of headwinds, not just locally, but internationally. The battering of the ringgit this week may just be a one-off, but it's going to be a real rollercoaster I think.

Here's another bit of news:
Another ELK DESA Rights Issue! (1 for 5)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5257461

At least the rights issue will be at RM1.16, so it won't depress the share price too much.
More shares in the market should help to boost the liquidity/volume.
11/11/2016 18:22
Angielim9955 gforce2 , thanks gforce2
11/11/2016 18:29
Jacky Yip 它建议五配一附加股 @ RM1.16
18/11/2016 22:24
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 01:33
gforce2 http://www.theedgemarkets.com/my/article/elk-desa-unperturbed-lacklustre-economy
01/12/2016 02:37
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 01:31
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 15:08
crazy127 Future rm6.60
31/01/2017 12:44
Crazy crazy Sleeping counter....
17/02/2017 12:12
wei007 even with a good quarter result...
17/02/2017 18:19
crazy127 Buy TGUAN, now 4.50, next yr 8.88
29/03/2017 06:43
wisdomtot so exciting, yet forum is so quiet
08/06/2017 16:00
wisdomtot syiok sendiri... explode soon
14/06/2017 16:44
wei007 These 2 days volume are extremely huge. Please dun explode so soon....I am still collecting.
14/06/2017 17:13
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 19:15
PenguinDad Has right issue completed and right transfer to cds a/c?
06/09/2017 17:17
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 14:54
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 15:46
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 23:33
PenguinDad vinchain.io for second car sales with cryptocurrency!
07/03/2018 10:46
Meng 这公司还真冷门,赚了钱也没人理
17/08/2018 13:47
wei007 唯有继续累积拿股息。。。
18/08/2018 00:05
wei007 Rakuten Trade recommend with target price RM 1.38
31/08/2018 00:41
Kiryu88 rakuten sinkalan got la
01/09/2018 00:25
Meng suddenly got some volume today
09/10/2018 16:04
Meng another quarter with nice results. seems like they are pushing sales now. profits should be higher next year
13/11/2018 18:35
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
Meng 2 years new high. can it sustain?
11/01/2019 17:57
foreverchung If drop = buy 99
15/01/2019 10:28
zigua 99?now 132 !
29/01/2019 23:33
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
Meng hi tracy, mind to share why you so confident to the company?
31/01/2019 21:49
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
RainT ELKDESA also is in negative operating cash flow which is bad
01/02/2019 11:27
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 00:28
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 21:43
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 09:55
Yi Heng just drop more please, u all know what i mean haha
17/02/2019 21:37
Yi Heng chairman allocate 2000000 shares within 2 months :)
18/02/2019 20:11
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 15:31
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 13:12
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
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 23:22
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 14:14
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 14:17
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 14:29
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 16:51


 

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