KLSE: LYC (0075)       MEXTER TECHNOLOGY BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.345   -0.005 (1.43%)  0.34 - 0.355  385,000
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General Meeting

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Ann. Date Date Time Type Venue View
30-Nov-2018 27-Dec-2018 15:00 EGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, Jalan Damansara, Bukit Kiara Equestrian, 60000 Kuala Lumpur, Wilayah Persekutuan, Malaysia. Meeting Detail
30-Jul-2018 27-Sep-2018 10:30 AGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
28-Jul-2017 11-Sep-2017 09:00 AGM Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
02-May-2017 24-May-2017 14:00 EGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, Jalan Damansara, Bukit Kiara Equestrian, 60000 Kuala Lumpur, Wilayah Persekutuan, Malaysia Meeting Detail
28-Apr-2016 16-Jun-2016 09:00 AGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
26-May-2015 25-Jun-2015 09:00 AGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, KL (please refer to the attached Notice) Meeting Detail
03-Jun-2014 26-Jun-2014 09:00 AGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
27-Jun-2013 22-Jul-2013 09:00 EGM Dewan Perdana, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
05-Jun-2013 28-Jun-2013 09:00 AGM Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur Meeting Detail
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  3 people like this.
Sultan763 same to you brother...
03/08/2017 12:21
BullRunComing All I can tell is this share has potential to continue its rally uptrend.
03/08/2017 12:22
Keng yong Tp 0.6 still very cheap... full confident of this share
03/08/2017 13:15
Keng yong Tomorrow the train is coming... u can see last week Friday result...
03/08/2017 13:17
BullRunComing Short term 0.37.
03/08/2017 13:39
SKTRADER the price still remain the same
03/08/2017 15:56
BullRunComing Good to see low volume on the T+2. Uptrend rally will continue.
04/08/2017 12:07
ScrewDriver anyone bought today?
07/08/2017 19:01
Sultan763 sudden drop today
07/08/2017 22:03
08/08/2017 10:30
Roly Red colour coming
11/08/2017 15:03
vinvestor Direct Business Transaction of 4 million shares at RM0.315 per share this morning.
22/08/2017 10:23
ZulZA Come a little bit more..
28/08/2017 12:58
warrantbuffet Just realized that Mexter is one of only 4 healthcare companies listed in Bursa (after it's diversification into healthcare). The other 3 are IHH, KPJ & TMC. Dunno that explains why the shares went up high recently?
08/09/2017 17:04
brentonhighschool gogogo 0.50!
12/09/2017 12:10
vinvestor must break 0.45 1st
13/09/2017 14:52
cstrader Now is the time to take off
04/10/2017 21:41
GoodYard T.P. 0.80. chasing TMCLIFE
06/10/2017 14:48
brentonhighschool Pitstop at 0.50, next stop 0.62!!! Now only can eat at nando’s , next time can eat at Nobu!!
07/10/2017 23:18
Ring Eye on stock: Mexter Technology
08/10/2017 14:19
akow Up up up - It seems in line with the Star’s Eye On Stock! Thanks Ring for the article!
13/10/2017 15:27
SuperPanda In 1 year, ths stock up frm 25 cents to 60 cents now. Earnings is bad. EPS also bad. Why invest here? Do it hve potential?
20/10/2017 10:55
smartInvestor1 This is goreng stock.. just buy and hold following banker
20/10/2017 12:41
akow By looking at the volume, esp the sellers vol is low, it seems that investors are keeping the shares. it doesn’t seem to be a goreng stock. Anyway, time will tell.
20/10/2017 13:02
PenguinDad Right issue coming!?
23/10/2017 08:57
vivoviva Doctor Soo passed away. Brainchild behind the medical field collapse. Run......
31/10/2017 16:43
Lantern42 Dr Soo is not related to Mexter. Lim Yin Chow now controls Mexter, and he's still alive. Lim Yin Chow and Dr Soo were both co-founders of HSC Medical Centre. Lim was the corporate brains behind HSC Medical Centre while Soo was the top cardiologist in HSC. HSC's medical business, the medical tourism concept, Aragreen's RM1bn multi-generational home was mostly built by Lim, who is now in Mexter.

01/11/2017 20:15
akow I was told after Lim sold & left HSC, HSC’s earnings went downhill (can check the accounts from SSM). And many ex-HSC’s key staffs are now at Mexter.
02/11/2017 11:40
GoodYard Heard some big medical related projects coming up.
09/11/2017 20:45
yarot what happen??? shareholder buyback but still going down?
22/11/2017 15:16
GoodYard Heard another round of private placement around the corner.
22/11/2017 20:09
yarot really? placement for existing share?
23/11/2017 10:21
muknike Placement? Is it bad or what??
28/11/2017 13:58
akow Wow IOI’s Tan Sri Richard Koh now the substantial shareholder of Mexter. https://www.thestar.com.my/business/business-news/2017/12/12/new-substantial-shareholder-in-mexter/
12/12/2017 09:53
LaoTzeAhSir mexter-wa on negative premium.
27/12/2017 10:46
cstrader TP 68
08/01/2018 18:26
vinvestor which research house gave TP 68 ? I heard CIMB issued report yesterday. can someone share here ?
09/01/2018 10:01
Magnetic Mexter Technology jumped 7.2% after CIMB Investment Bank analyst Walter Aw highlighted the company's plan to diversify into healthcare and dispose of its unprofitable technology business.
10/01/2018 08:38
warrantbuffet A good report in the Star on Mexter’s Healthcare Business Takes Off: https://www.thestar.com.my/business/business-news/2018/01/20/mexters-healthcare-business-takes-off/
21/01/2018 18:16
lemnisci Any good news ?
10/08/2018 17:40
commonsense Why is the revenue from the Mother and Child center (under healthcare division) only RM34k? I thought they launched it back in January 2018. Management initially targeted for the division to contribute to the group bottom line in 2H18. Looking at the numbers i doubt that's possible.

Will need to wait for 3Q18 results to see if they managed to push up the revenue of this new division.
03/09/2018 12:44
LMN9997 When is the 3rd Q result out?
25/09/2018 12:00
roger3210 Lousy result yet price rocket so much from aug 18, so many innocent retailer who believe in the newspaper writeup n chase this rubbish like hell. Be prepare for a blood bath tomorrow. congrats those who trapped ! you deserve it for buying rubbish !
19/11/2018 18:32
commonsense Looks like the demand for the healthcare service is still a bit slow for the company to make profit. Not sure if they can make it breakeven by this FY.
19/11/2018 20:36
warrantbuffet I’ve been following up this counter. I’m still keeping the shares as I’ve made money from it. Since all the healthcare businesses are based organic growth, the co shares will soar once the earnings kicks in. Just give them a bit of time. Healthcare can never go wrong.
27/11/2018 13:03
commonsense I am just not sure of management decision to start venturing into wellness community business (sounds like a resort business) and retirement homes facilities business is the best at the moment given that the new confinement business has yet to deliver any meaningful profit to shareholders. It would be better for them to focus on the confinement business first as it would potentially need a lot of working capital at this early stage.

The confinement centre in TTDI was launched back in January 2018 and looking at the 3 quarter results (4Q18, 1Q & 2Q19), it does not seem that the business is attracting a lot of customers with a combined revenue of only RM 360k and a loss of RM4mil since it 9 months of operation. We will need to see if the business has improved in the 3Q19 period or not.

The retirement home business will need an initial investment of RM1mil for the renovation of 2 bungalow houses (to cater for a capacity of 70 beds). Then the 2 houses will cost the company a total rent of RM22.5k/month or RM270k per year. Other costs include staffs and marketing cost which are not specified by the company. This sounds just like the confinement center business which the company has yet to show proof of profitability.

The Wellness Valley (the resort type business) will need an initial investment of RM21.8mil to acquire a plot of land located 15 minutes from Genting. Proposed development plan is to build:
1 block of 5 storey medical center
2 blocks of 38 storey retirement homes and 5 storey podium
1 block of 45 storey medical tourism hotel
1 block of 39 storey medical tourism service apartment
5 storey retail, 2 storey f&B retail and 2 storey fruit market retail.

The development is to be carried out in a period of 6 years and expected to start this year (2019). Total GDV is RM558.5 mil.

For me this is actually not a healthcare company but more of a property developer. And what is more worrying is that all this actually benefit Dr Lim Yin Chow who holds 28% equity interest in Mexter the most. Not sure if it will be at the expense of minority.

If you are looking to diversify your portfolio outside of Mexter/ LYC (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
27/01/2019 21:19
lobangking Post removed. Why?
27/01/2019 21:20
johnbrooks Just google dr lim yin chow


One word. Dodgy!
27/01/2019 21:23
gimcdoc I’m currently a physician practicing at Gleneagles Ampang, KL. I’ve known Dr Lim Yin Chow when he was studying medicine at the University of Hong Kong (HKU) & visited him at St John’s College (a HKU student residential hall at Pokfulum Road, HK) in 1989. He was a very bright student & was awarded with at least two HKU scholarships. At that time he was one of the only two foreign medical students admitted to the faculty of medicine in HKU. However, he did not complete his medical registration in HK and went straight into the corporate finance sector in Hong Kong; to my knowledge, he also holds a doctorate degree (PhD). In around year 2000, he came back to KL, co-founded HSC Medical Center with his partner Dr Soo Chee Siong in 2003. I have known both of them for years (Dr Soo used to practiced at Gleneagles too). To my knowledge, Dr Lim has never been practiced in HK or KL; he was involved in all non-medical areas like business development, setting up & running of the medical centre. HSC Medical Centre is a very famous heart hospital. Approximately in 2006, the group started the property division, HSB Development Sdn Bhd where Menara HSC & Aragreens were developed. I remembered Dr Soo told me that he recruited his brother Soo Chee Sern as the property division CEO (Soo was then involved in a CBT case https://www.thesundaily.my/archive/993507-YRARCH245374) and Dr Lim was attacked repeatedly by unknown people. I’ve known Dr Lim for more than 30 years and he is a very reputable person, he has many friends and if you know any of them, pls verify. I am in my capacity to provide my fair opinion on him. Always hear from both sides of the story.
30/01/2019 20:44
akow mr. commonsense - I totally agreed with you if Mexter Technology Bhd (now known as LYC Healthcare Bhd) involves in property development, it does not deserve to enjoy the healthcare valuation. However, to my understanding, if you read carefully in the shareholders circular, you will realize that the property developer, LYC Venture Sdn Bhd is not part of the group. LYC Venture merely appoints Mexter to provide consultancy for setting up wellness & healthcare faculties & to operate the medical facilities & senior living, etc.
30/01/2019 21:04


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