https://www.facebook.com/fatainvesting/posts/2306848936224640

LONBISC suspicious accounts reporting alert

https://www.facebook.com/fatainvesting/posts/2303929576516576

Air Asia core operating earnings remain weak even after adjusting for changes due to MFRS 16, forex and asset valuation gains.

TA big picture remain bearish.

https://www.facebook.com/fatainvesting/videos/2228159037498242

Kossan AGM 2019 full session recordings

https://www.facebook.com/fatainvesting/posts/2300251753551025

Something not right with VS Industry.
Downside could be much bigger than you expect

https://www.facebook.com/fatainvesting/posts/2299937990249068

Hope for steady results for Kossan QR

https://www.facebook.com/fatainvesting/posts/2298170667092467

Where will KRONO be heading after this?

https://www.facebook.com/fatainvesting/posts/2257633347812866

Avoided Aspion acquisition saga crash....
Avoided oversupply concerns crash...
Anticipated Top Glove major corrections terminate around RM 4.30-4.40

https://www.facebook.com/fatainvesting/posts/2293999760842891

Both Leong Hup and Teo Seng went down mainly because of this reason.

Q2 likely to be having trouble

https://www.facebook.com/fatainvesting/posts/2293999760842891

Both Leong Hup and Teo Seng went down mainly because of this reason.

Q2 likely to be having trouble

https://www.facebook.com/fatainvesting/posts/2101283453447857

Kawan Food new plant with 3x capacity started operating in July 2018, management aim to achieve full utilization in 3 years

Kossan - The dark horse where you only pay 23% of Hartalega's market cap to do similar scale of business in nitrile gloves

https://fatainvesting.wixsite.com/fatainvesting/single-post/2018/05/26/Kossan---The-dark-horse-where-you-only-pay-23-of-Hartalegas-market-cap-to-do-similar-scale-of-business-in-nitrile-gloves

@Thelastone

Profit for owner's of company should be RM 13m++ instead of RM 10m, as the RM 7.1m profit is fully paid by PCB alone to setup PIL.

We can cross check this with pre-tax profit RM 22m stated by management. Apply same tax rate would get RM 20m net profit....about RM 2m belong's to none PIL biz, fully under PCB. Balance 18m x 63% roughly get 11.3m, then +2m from none PIL biz, total profit attributed to PCB is RM 13m+

https://www.facebook.com/fatainvesting/posts/2018775108365359

If exclude tax advantage of close to RM 10m, Annjoo YoY and QoQ net profit considered maintained or flat only....may not be very exciting apart from 13sen dividend.

In fact gross profit YoY has been squeezed further....position poorer than Q4 2016. Operating performance obviously not good. Part of the reason was also due to provision for scheduled maintenance of plant in Q4 2017, resulted in higher cost but detailed amount unknown.

Despite a buying trigger appeared today, RM 3.70 is still heavy resistance zone...

Not certain if market will appreciate 13sen dividend or will react to declining operating condition.

If we exclude the difference in other income / expense of close to RM 20m and the tax advantage....Annjoo net operating profit probably would be ~RM20m lesser YoY as compared to Q4 2016

QoQ Revenue growth should be robust as their clients performance are doing very well

Operating profit wise maybe....but Q4 profit figure from the surface will still be impacted by non-recurring expenses of RM 7m....

PENTA Q4 Revenue QoQ growth likely to be robust.

But earnings QoQ growth would be dragged down substantially by one off factors in Q4

Personally I agree and buy into the FA discussion made by you guys here earlier as well...I did my own FA studies too.

But eventually when things are not happening in our favour and there are signs of alarm in TA, I just have to admit "defeat" and secure profits while still can

Niki....70-80% of the time, market TA is efficient and reflecting changes in FA in ADVANCED.

During end of June, I was also optimistic with HEVEA, bought since TA signal presented around RM 1.38-1.44....profit taken RM 1.60-1.72

Yes, TA alone can't give us a clue what will the FA be in 2-3 years later.

But if there's any bad development with its FA, big buyers, insiders, institutional investors will know better and earlier than us retailers, thus selling in advance and reflected in TA.

By the time retailers realized and confirmed with QR, it's already far too late.

Revenue & profit all drop QoQ and YoY......gg

The price to be paid for those who totally ignore TA warnings in the past 2-3 weeks

sold 1.70-1.72, bought back 1.51

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Skim milk powder raw material price still going downtrend....

Profit reaping party just began....

There's still more to come from DLADY with even higher quarterly earnings.

Eventually EPS will surpass NESTLE and BAT...so does share price once market sentiment improves.

Now should silence all the noise and critics...

Dunno last time who said DLADY will be doom because of Greenfield ZZzzz...

Any feedback from the finance director regarding the poor operating cash flow for 1H 2014?

If the rise of SMP raw material price they are mentioning is in the range of 28%,this indicates that in Q2 2014, they are probably using the batch of raw materials with the average quarter price tag of USD 4,692 / tonne vs. USD 3,679 /tonne in Q2 2013.

But come to Q3 2014,average SMP price for the quarter had went down to USD 3,903 / tonne already...as compared to USD 4,479 / tonne used for Q3 2013.

But of course...it's impossible to pin point exactly on the timing on raw material prices...But if this is true, I do foresee a much greater reversal in earnings for DLADY in the next few quarters.

Q3 2014 should be a turning point starting with gross profit ceased to decline, or probably start to show some low single digit growth, Q4 2014 will back into double digit growth in earnings. Nevertheless, the above prediction is made by assuming the sales volume is able to maintain.

In Q1 2015 and subsequent quarters,DLADY might show a quantum leap in earnings due to improvement in margins, as based on my raw judgement, SMP raw materials roughly amount to 40-45% of the revenue or 50% of the total cost.

A decline of 25-30% in this item would slash away 10-12% of the cost of sales, which is equivalent to addition of 10-12% into pre-tax profit.

For a company with PBT margin of 19% and PAT margin of 14%, additional 10-12% of profit margin would translate into a quantum surge in earnings. It may not be a surprise if FY2015 DLADY earnings surpass EPS of RM3.00.

P/S: kiasutrader, it's a pleasure to meet you here again. We met before and sat on the same table for lunch before in Uncle KYY event in YMCA Ipoh on 16 Feb 2014. Hope to get more insights and sharing from you regarding the analysis on DLADY. Thanks.

"When we invest longer term as oppose to punting we should not be bothered with a quarter or 2 quarters result or even a year's result. It is the ultimate 3 to 5 years or in some cases a 10 year holding period. "

Okay...I got it.

When it comes to OPCOM or OKA, we should not be bothered with a quarter or 2 quarters results or even a year's result. Look at ultimate 3 - 5 years or in some case 10 year period. Good point.

Whereas when it comes to DLADY, 1-2 quarter or even a year of sluggish performance spells dooms day. We should ignore DLADY 3-5 years performance and even though it grow almost 10 times in the last decade with CAGR of above 24% p.a. with solid support from revenue and profits, simply because Greenfields is bringing their honest cow and honest milk into Malaysia to hit a market which is only 1% of the current size of DLADY.

So the past not equal the future. Greenfields rocks, DLADY is doomed guys. What a double standard.

OMG! Greenfield is coming! Greenfield is coming!

Greenfield is aiming to produce 2 million liters of milk per year in Malaysia market.

And the company also set a 4 year target plan to increase this number to 10 million liters per year.

OMG! Dooms' day for DLADY man...

Hmmm...

FYI, how much is fresh milk selling? ~RM7 per L at retail stores?

So probably we shall assume wholesale price to these retail stores might be ~RM5, which is what was reflected in the company's revenue?

RM5 x 2 million liter = RM 10 million of revenue.

The 2 million liter figure is only a yet to be achieved target for Greenfield in Malaysia.

Assuming they achieve it immediately this year, RM 10 million of revenue and you call this a threat and doom's day to DLADY?

Come on dude, do the math! DLADY annual revenue is amount to RM 1 billion.

RM10 million is only 1% of the production size of DLADY...

Even IF they really successfully increased from 2 million to 10 million liters per year,
that is still only amount to RM 50 million worth of revenue per year...which is somewhat 5% of DLADY current revenue. And that is a big IF.