KLSE: IRETEX (7183)       IRE-TEX CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.125   0.00 (0.00%)  0.125 - 0.125  80,000
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  6 people like this.
Mark T Bird moving up again?
23/04/2018 10:25
Miz Raya Bloom majority shareholder beli kut
23/04/2018 10:30
Miz Raya Bloom sebelum ku beli memang ku nampak macam ada orang collect sikit2, a few counters bawah 50 sen memang ku tengok selalu gitu, lepas tu diam, tiba2 jalan
23/04/2018 10:36
cicakman What counter brother?
Can share please.Can I become your follower.
Add me in your chat list can lah?

23/04/2018 17:52
Pilotsport Tomorrow hit n run
24/04/2018 01:57
cicakman Stromg bargain at 24 to 24.5 cts today.
24/04/2018 18:27
ck 92 Today gonnna break another resistance
26/04/2018 09:26
sengkee Someone collecting for coming AGM? Got special resolution?
02/05/2018 09:09
noobbie the next asdion in the making
02/05/2018 11:09
Kidir89 TP 0.30
16/05/2018 11:42
Azli Going to Holland?
17/05/2018 15:54
Spyron_09 even so high volume, this counter is flushing and jump to the moon.
have cash, should buy more on lower price, this counter will bullish again.
17/05/2018 23:18
Bijan 11 cents again?
22/05/2018 17:36
reishiro I wonder who keep selling at low price...
Like purposely pressing the price down.
23/05/2018 06:10
Spyron_09 now can buy already?bottom price?
25/05/2018 15:08
BRAVOZULU good job iretex
28/05/2018 11:14
Spyron_09 coming..after longer bottom net.hahahha
28/05/2018 17:10
CkpMakSimBasket http://klse.i3investor.com/blogs/realcriminalscaptured/159159.jsp

Polis wanted. Mak Lin Kum the culprit, Sim Keng Siong and Mohd Afrizan. R&A and Iretex criminal captured.
01/06/2018 15:39
Spyron_09 high volume suddenly this counter.... haizz
06/06/2018 10:43
reishiro hopefully Iretex will do better under new CEO
06/06/2018 10:50
reishiro somebody bought so many lots
what happened?
big news?
06/06/2018 11:54
Spyron_09 big shark coming~
06/06/2018 20:53
greedy_bilis Now maintain.....
11/06/2018 11:08
beginner165 after raya. time is the matter. be patience and watch the show.
14/06/2018 08:43
Jolin Lai Chi Pet nobody want to goreng this counter..................so, we better stay away!!!!!!!!
25/06/2018 12:10
Jolin Lai Chi Pet same conman in nexgram
28/06/2018 12:16
innerring new owners and team. keep an eye on the business booster.
03/07/2018 12:25
Daily8 This company can look now
25/07/2018 22:09
Chan Ah Lan When qr out, any news
16/08/2018 12:22
Jasper Coo Good potential stock, bought it !!!
16/08/2018 15:08
Daily8 HSR or NO HSR, will does NO IMPACT anymore to MRCB! For now, the China investments will be the focus for now. China can either borrow money to Malaysia to settle to debts issue or have a consensus over some collaboration in some investments with Malaysia. I believed this will contribute even more lucrative and revenues to our country for now. As for the HSR, it will help to enhance the route in between of Singapore with Malaysia and through the speed highway, the contribution need to be far greater than just accommodating Singapore alone. It need to help Malaysia in income growth too!
21/08/2018 10:33
Chan Ah Lan Hsr related to iretex?
27/08/2018 10:40
RepcoLow2 Why Drop so much????

good news or bad news

05/09/2018 15:28
Jolin Lai Chi Pet buy on weakness....................iretex is the next REPCO
06/09/2018 12:52
RepcoLow2 Hi Jolin
you meant very soon became PN17
06/09/2018 15:42
Jordan Khoo Strong momentum time to invest now.
07/09/2018 11:43
Jolin Lai Chi Pet anybody seen repco super power rocket engine? the famous limit up stock.............
07/09/2018 12:53
Jolin Lai Chi Pet buy in more on morning....................get ticket b4 rocket take off!!!!!!!!!!
14/09/2018 12:03
RepcoLow2 Get Ticket for Hell...............hahahahaha
14/09/2018 14:14
BursaGolfer 'speaking softly' good news ahead...
18/09/2018 16:36
Jolin Lai Chi Pet after lunch, will fly..................yeah!!!!!!!!!
19/09/2018 12:47
RepcoLow2 surprise .....I cant believe this
20/09/2018 19:39
Azli Apa dah jadi? Not moving at all..
02/10/2018 11:25
RepcoLow2 Game over
03/10/2018 10:33
Jolin Lai Chi Pet not yet...................for sure
05/10/2018 12:06
Jac Lim any news for this counter?
15/11/2018 14:13
Azli Game over, I guess
20/12/2018 12:42
Jac Lim Hi.. who buy so many at this stock? Any news...? Thanks...
18/01/2019 09:43
Winmore88 rocket up soon! EP135
31/01/2019 15:00
commonsense The June to Sept 18 quarterly result marks the 12 consecutive quarter losses for the company. Out of the last 20 quarter results, the company only managed to deliver a small profit in 2 quarters (4Q15 and 1Q14). Those thinking that the company can suddenly turnaround and start to post profit in 2019 might be putting too much hope on the management’s abilities. Expect further losses in FY19.

Looking at the balance sheet, we can see that the company is facing some liquidity issues in the near term. With current liabilities of RM30.6mil (of which RM13mil are in debt) and with a current asset of only RM4.7mil (of which cash is a mere RM180k), the company will need to raised more capital soon in order to pay off their immediate obligations. Given the current obligation amount is twice of its current market cap, it would most likely need to raise the capital via a right issue exercise.

If you are looking to diversify your portfolio outside of Ire-Tex (due to its weak earnings outlook and liquidity issues), 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 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.
09/02/2019 22:09