The biggest support is the two largest shareholders keep increasing their holding %

Maybe the value of the share is already reflected..no of shares too much..profit although increase but too little..see whether mgnt is making good use of Alibaba, Angkasa etc to boost sales in next quarter at the same time also maintain the margin plus able to collect back from customer..
The dividend maybe is mgnt use to prove they are concern about shareholder's interest..at this moment they also willing to share their profit then how about in future they really make good money ?
To hold or to sell, at your own risk.

yes yes..understood trade at our own risk..I am going to hold a lot..hahahaha..is too far for me to go for the AGM..lolll

well said xiaoxiami..thanks for your info..you are so lucky can meet William personally and ask him question..what you ask is also my question..thanks..

yeah..production is good but cpo price drop..sigh! :( pleasae maintain at least 2800 and above then result wohoooo...bless

Sayyid Goh..Got point!!William thru open market acquired shares..enhance confident..hahaha..All in!He personally holding apprx. 16% of shares..He wont make funny joke..Second Tony is coming...

Congrats..Yes..he is accounting professional background according to director's profile.

Relax lah Nick.. I am just share my view but not to create panic sales..Myself also continuing accumulate this counter..looking forward his growth and this quarter announcement..hope it wont be disappointed..not sure whether their cashflow can be catch up or not..

xiaoxiaomi--Possible. But still looking forward to hear from him.Maybe he has any insider info which i dont aware..afraid later they have another ESOS..:(

Why do you think price will drop further after result out ? Normally Q3 and Q4 is their peak...

Exactly! Understood they are newbie in the industry and unavoidable to give extremely long credit term as 180days to boost sales..also their trade receivables are too concentrade where 11 customers contribute more than 70% of their sales.
Can see the management effort in collecting those debts by reduce the trade receivables turn over period, although is not significant :P..
Hope Mr William is able to make use of Alibaba to diversified its customer to reduce the risk..
If not mistaken in Accounting the impairment loss wont be treated in Cost of sales, should be other expenses.
I believe this is a good company and worth to hold long term..just need time to prove..Hope it wont be second Hovid..

Better dont distribute and reserve for future expanding as they are in the development stage..rather than distribute now and then right issue again..set dividend policy after they growth..looking forward to see its growth..
But i notice that they have huge trade receivable that are past due..would there be any risk of default ? What do you think ?

Just completed right issue to ask for fund then now distribute to shareholders ?