2.05 only last Thursday why sell cheap at 0.75?

75 now. Who hold wins more haha.

Seejovin return so are Vivo buyers? 70+ sen still cheap must hoot kaukau.

Anwar PM 9 WC can open Parkson in PD? Create more jobs unlike PN more lose jobs haha.

MUI dumped PM Hldg why TTH never talk?

20-Nov-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) acquired 2,400,000 shares on 17-Nov-2020.

DY better than FD why not wait?

Media Prima - Back to black
Date: 19/11/2020

Source : HLG
Stock : MEDIA Price Target : 0.26 | Price Call : BUY
Last Price : 0.185 | Upside/Downside : +0.075 (40.54%)

Back

Media Prima’s 3Q20 chalked an improvement with core PATAMI of RM4.9m (against -RM5.6m in 2Q20). 9M20 core loss of -RM29.6m came in better than ours/consensus’ loss forecasts of -RM48.3m/-RM60.9m for FY20. This was accomplished on the back of the rise in top line on YoY and QoQ basis, coupled with the cost savings measures that have helped bolster its bottom line. We lower our core loss in FY20 to -RM25.9m. Upgrade to BUY with higher TP of RM0.26 based on FY21f BVPS (RM0.51) of P/B multiple of 0.5x (circa - 1.5SD below its 3-year mean) after our earnings adjustments.

Better-than-expected. Media Prima’s 3Q20 revenue of RM268.8m (+13.7% QoQ, +1.2% YoY), translated into a core PATAMI of RM4.9m (vs. core LATAMI of -RM5.6m in 2Q20, -RM23.7m in 3Q19). This brought 9M20 core LATAMI to -RM29.6m, better than ours/consensus’ estimates of -RM48.3m/-RM60.9m, respectively. The improvement was attributed to better top line coupled with the lower opex thanks to its cost rationalisation. 9M20 sum has been arrived after adjusting for (i) net impairment charge (RM7m); (ii) FOREX loss (RM177k); and (iii) loss on disposal of PPE (RM414k). No dividend was declared.

QoQ. Top line improved by +13.7% buoyed by the increased in adex with the opening of the economy following the RMCO. EBITDA margin improved by 13ppt on bearing fruit on the recent headcount rationalisation. In tandem with that, the group turned profitable charting a core PATAMI of RM4.9m (vs -RM5.6m in 2Q20).

YoY. Revenue inched up by +1.2% on the back of impressive showing in home shopping segment (+40%) and digital media (+31%). This more than offset the decline in broadcasting (-7%), publishing (-30%), OHH (-29%) and content creation (-53%). Subsequently, core PATAMI was recorded as compared to a loss of -RM23.7 in 3Q19.

YTD. Revenue skidded by -7.2% on the back of the declines in all segment but was partially cushioned with the rise in digital media (+14%) and home shopping (+36%). The commendable result in home shopping was thanks to the increase in viewership and shifting in consumer spending habits. Coupled with the improve EBITDA margin by 4.3ppt, losses tapered to -RM29.6m (vs -RM70.4m).

Outlook. Adex showed a slight uptick on the back of the reopening of the economy. We opine that this was due to advertisers ramping up engagement in tandem with the relaxation of MCO measures. We gather from the management that despite the reintroduction of CMCO across the most of Malaysia, adex numbers has been resilient due to the group’s initiative in ramping up their integrated advertising solutions and producing more advertising content. Furthermore, we deem their business transformation exercise has proven to bear fruit and remain hopeful that the improvement will persist while subsequently defending its bottom-line.

ESG. In line with the focus on ESG investing, we are pleased that Media Prima has been listed as the constituent company of the FTSE4Good Index Series, a benchmark and tradable indexes for ESG investors. The group have been awarded as the top 25% by ESG Ratings amongst PLCs assessed by FTSE Russell in June 2020. One notable initiative was the collaboration of WOWSHOP with the Ministry of Domestic Trade and Consumer Affairs to link with the SMEs and developed a DESAMALL on WOWSHOP’s ECMC platform to help SMEs reach out to WOWSHOP’s large customer base.

Forecast. We revise FY20/21/22 forecasts upward from -RM48.3m/-RM15.8m/10.2m to -RM25.9m/RM7.7m/RM27.1m after factoring higher revenue and lower opex.

Upgrade to BUY with higher TP of RM0.26 based on FY21f BVPS (RM0.51) tagged to a higher P/B multiple of 0.5x (roughly -1.5SD below its 3-year mean) after our earnings adjustments. Despite the challenging outlook in the media industry, we are encouraged by the group initiative in streamlining its operations and at the same time proactively improving their integrated advertising solutions.

Source: Hong Leong Investment Bank Research - 19 Nov 2020
https://klse.i3investor.com/servlets/ptres/57513.jsp

Consequential to the Proposed Rights Issue with Warrants, the exercise price and/or
number of granted SIS Options (if any), Warrants A, Warrants B and ICPS may be
adjusted in accordance with the provisions of the Existing SIS By-Laws, Deed Poll A,
Deed Poll B and the Constitution of the Company respectively to ensure that the status
of the holders of the SIS Options, Warrants A, Warrants B and ICPS is not prejudiced
as a result of the Proposed Rights Issue with Warrants (“Adjustments”).
The Adjustments (if any) will only be finalised on the Entitlement Date and will be
effective on the date following the Entitlement Date, and the relevant notifications to
the respective holders will be issued by the Company at a later date.

Syed Saddiq: Introduce 'windfall tax' on companies making extraordinary profits during pandemic
https://www.thestar.com.my/news/nation/2020/11/18/syed-saddiq-introduce-039windfall-tax039-on-companies-making-extraordinary-profits-during-pandemic

Media Prima returns to black in 3Q with RM12m net profit

KUALA LUMPUR (Nov 18): Media Prima Bhd has returned to the black with a net profit of RM12.43 million for the third quarter ended Sept 30, 2020 (3QFY20) from a net loss of RM24.16 million a year ago, thanks to improved revenue and lower operating expenses.

The group told the stock exchange that its revenue for 3QFY20 rose 1.21% to RM268.77 million from RM265.55 million a year ago.

Accordingly, earnings per share stood at 1.12 sen for the period, from a loss per share of 21.18 sen.

READ MORE
The group said it achieved its better profit after tax in the current quarter thanks to improved revenue and lower operating expenses of RM224.9 million against RM239.9 million in 3QFY19.

The group’s profit after tax also includes waivers on lease payments and rebates on licence fee amounting to RM9.7 million.

For the nine months ended Sept 30, 2020, the group’s net loss narrowed to RM37.22 million from RM73.4 million a year earlier. Its loss per share subsequently shrank to 3.36 sen from 6.62 sen.

Meanwhile, its revenue for the period fell 7.23% to RM743.48 million, from RM801.41 million a year earlier, due to the impact of the current challenging economic climate which has especially hurt advertising spending.

The decline in revenue was nevertheless offset by lower operating expenses incurred in the current period, it said.

Driven by the ongoing transformation exercise, the group said its earnings before interest, taxes, depreciation, and amortization improved by 75% while loss after tax reduced by 54% when compared to the comparative period.

Notwithstanding the recovery seen in 3QFY20, the group remains cautious on its performance for the remainder of the year due to prevailing uncertainties in the economy amid the pandemic.

“Nevertheless, the group remains committed [to] executing its strategies of offering integrated advertising solutions as we have seen increased demand in our digital advertising and advertiser content.

“The strong performance from our commerce business has provided us with opportunities to further improve the home shopping experience through signature programmes and enhanced e-commerce and mobile commerce platforms. The group shall continue to further improve operational efficiencies to strengthen our financial position,” it said.

Media Prima rose 1 sen or 5.88% to close at 18 sen today, valuing the group at RM199.66 million.

Lam Jian Wyn
https://www.theedgemarkets.com/article/media-prima-returns-black-3q-rm12m-net-profit

A4. UNUSUAL ITEMS AFFECTING ASSETS, LIABILITIES, EQUITY, NET INCOME OR CASH FLOWS
The Directors of the Company consider that a termination benefits charge of RM11.3 million incurred in the period ended 30 September 2020 to be one-off and material in nature and should be brought to the reader’s attention in understanding the Group’s financial statements.

BOD got read my posts here?

8888_ Can posts in Fintec facebook what you don't like and wait their reply.
16/11/2020 12:19 PM

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3105613

Disposing GPA yesterday after complain good?

CPO RM 3333 now RM 688 higher than Q3 QR. Expect even better Q4.

EPS 3.8 sen; best in many years.

https://www.theedgemarkets.com/article/kamal-tan-disposes-remaining-shares-es-ceramics

If i3 members why need announcement?

facsc118 who bought kamal stake ? why still no announcement?
10/11/2020 10:26 AM

https://klse.i3investor.com/blogs/koonyewyinblog/2020-11-15-story-h1536432282-ATS_is_an_exception_to_my_stock_selection_rule_Koon_Yew_Yin.jsp

High can be higher like gloves earlier 2020.

You sour grape? Why dare not post in Gets global? How abt lowest PE Fintec?

Day traders like gamblers more non halal haha.

Can posts in Fintec facebook what you don't like and wait their reply.

Why nobody dare counters haters? Most contra kakis?

1.95 limit up coming?

1.6 huat ah.

AT Systematization weekly trading volume breaches 10 billion shares
https://www.theedgemarkets.com/article/systematization-weekly-trading-volume-breaches-10-billion-shares

AT Systematization weekly trading volume breaches 10 billion shares
https://www.theedgemarkets.com/article/systematization-weekly-trading-volume-breaches-10-billion-shares

More Vroom next week.

0.8 free WC can get from RI? Buy more get more free W.

AT missed not buying? Go for Fintec; 13.5 sen(or PA 6.5 sen) still cheap as biggest single AT owner.

PA 6.5 sen another laggards don't miss.

13 sen Fintec vs AT 26 sen which has more upside?

KYY must find out who own AT the most?

KYY enter Fintec 20 sen pecah? NTA 55 sen can even dream?

jlex11 KYY has many followers in i3. Hopefully Fintec will get his attention later after AT?

Sarawak says it's still pursuing state's rights under MA63
https://www.thestar.com.my/news/nation/2020/11/11/sarawak-says-it039s-still-pursuing-state039s-rights-under-ma63

AT Systematization is the most underrated & unknown glove maker - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Tue, 10 Nov 2020, 3:07 PM

On 29 June the company said in a filing with Bursa Malaysia that it was acquiring glove maker Pearl Glove Sdn Bhd (PGSB) for RM22 million cash.

It said the vendors were Hai Hong Capital Sdn Bhd, P'ng Sim Guan, P'ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon.

The group noted that the immediate outlook for PGSB's existing business as a trusted and tested OEM/ODM manufacturer of safety gloves is extremely positive as the demand for industrial safety gloves increases proportionally with improving workplace and safety practices globally.

On 6 November AT Systematization signed an agreement with LKL International to sell and distribute natural rubber latex and nitrile gloves. It will start production of medical gloves in December.

The gloves would be mainly distributed to hospitals and healthcare providers, with a targeted volume of up to 2.6 billion pieces per year.

LKL managing director Lim Kon Lian said AT Systematization would be able to tap into the former’s extensive distribution network within the healthcare industry, both in Malaysia and internationally.



Comparison

AT Systematization’s total issued shares is 3180 million shares X 19 sen = Rm 605 million market capitalization. It produces 2.6 billion gloves annually. Rm 605 divided by 2.6 billion = 23 sen per glove

Comfort Glove’s total issued shares is 583 million shares X Rm 4.22 = Rm 2.460 billion market capitalization. It produces 5.4 billion gloves annually. Rm 2.46 billion divided by 5.4 billion = 46 sen per glove.

Supermax’s total issued shares is 2.721 billion shares X Rm 8.90 = Rm 24.217 billion market capitalization. It produces 26.6 billion gloves annually. Rm 24.217 billion divided by 26.6 billion = 91 sen per glove.

More medical gloves are required when vaccine is approved by FDA. Medical staff have to wear gloves to inject vaccine as shown in photo below. The world is celebrating Pfizer’s overnight announcement of a viable Covid-19 vaccine.
https://klse.i3investor.com/blogs/koonyewyinblog/2020-11-10-story-h1535720121-AT_Systematization_is_the_most_underrated_unknown_glove_maker_Koon_Yew_.jsp

KYY buying today? Can push to 0.5-RM 1?

Nobody read/buy Star today?

Palm oil price rallies to eight-year high
https://www.thestar.com.my/business/business-news/2020/11/07/palm-oil-price-rallies-to-eight-year-high

The purchase consideration of RM171,000,000 was arrived at, on a willingbuyer willing-seller basis, based on the aggregate profit guarantee of
RM114.0 million ("Total Profit Guarantee") provided by the Vendor to
Vivocom, for the 3 twelve-month consolidated financial years ending ("FYE")
30 April 2022, 30 April 2023 and 30 April 2024 ("Profit Guarantee Period")
of V Development. This translates to an average profit guarantee of RM38.0
million for each financial year ("Average Profit Guarantee").

Based on the Total Profit Guarantee, the profit attributable to Vivocom based
on the Average Profit Guarantee would be RM17.1 million per annum (the
aggregate will be RM51.3 million for 3 financial years), calculated based on
the 45.0% equity interest of V Development to be acquired by Vivocom.
Therefore, the Purchase Consideration represents a price-to-earnings
multiple of 10 times based on the apportioned Average Profit Guarantee to
be attributable to Vivocom.
file:///C:/Financial/Financial/Vivocom%20Intl%20Holdings%20Berhad_Multiple%20Proposals_Announcement_5%20November%202020%20(Final).pdf

Almost half of motions in Parliament relate to confidence on Muhyiddin's leadership
https://www.thestar.com.my/news/nation/2020/11/02/almost-half-of-motions-in-parliament-today-relate-to-confidence-on-muhyiddin039s-leadership

No confidence in Muhyiddin also a factor?

Almost half of motions in Parliament relate to confidence on Muhyiddin's leadership
https://www.thestar.com.my/news/nation/2020/11/02/almost-half-of-motions-in-parliament-today-relate-to-confidence-on-muhyiddin039s-leadership

FGV CEO if not good just change not let FGV drop.

No wonder so many no confidence on Muhyiddin. FGV also don't know belong to 54 Felda seats?

Soft bec PN not good? Privatise FGV cheaper why cannot do? Wait Anwar(PH) PM?

Hishamuddin Hussein DPM in making a smoker will ignore smokers in Budget 2021?