Based on their recent announcement of its coal trading business, a total of USD 15.09 mil coal trading business with 5% margin (conservative), that would give the Company a bottomline of USD 0.75 mil which translates into RM3 mil profit. On top of its current business, I suspect this would give the Company a PE about 30 times

@Notconfused

That's not bravery. That's gambling. I hope u had studied or atleast know whats going on with this Company.

http://www.thestar.com.my/business/business-news/2017/08/14/reaching-out-for-financing/

Just to share with everyone on the Company's current issue.

Still believe in the management team and the Company's QA

Personal, Unlimited , Creation (PUC)

Market cap is small at RM136mn. Can hardly find a company that has these 3 combinations - media + e-Payment and Technology (personally I think it is a powerful combination if they can get the formula right). A caveat is a company for you to know but won't make returns so quickly

Won't give too much details but conclusion is I find the new mgmt team very refreshing.. Young, energetic and dynamic. The new CEO is only 41 yrs and the rest of the key mgmt are in their mid-30s to early-40s and most of them are packed with backgrounds in either media/leisure/technology. Based on the new CEO’s CV he appeared to be a technopreneur to me having built and sold his inventions and his newly hired senior mgmt team are also very driven with solid background.

What intrigued me to get to know them more is because there is a change in focus from solar biz to tech and I find it even more interesting when mgmt. said they are looking to combine media+ e-payment as part of their product devs plans.

Confirming my gut feel by going thru their annual reports since FY14 and by reading the prospects segment – PUC Founder (now called PUC) used to describe in length about prospects of RE and how they intend to expand into energy segment but in the FY16 annual report.. no mention about RE at all and all about e-commerce and financial tech related biz linking the potential with Digital Free Trade Zone that was being introduced recently. This to me is a strong indication that these highly energetic bunch of young senior mgmt do intend to grow within this space.

Change in focus is because the late founder who is the brother of Cheong Chia Chou appeared to be more inclined to grow the tech related biz vs its late brother who were looking to grow RE Solar biz.

What could excite the market from here?
Despite meeting mgmt a few times in the past, Cheong did not mention about his intention to list his private co called Pictureworks.

What Pictureworks does they are in digital imaging and Pictureworks is ranked to be the top 3 digital imaging cos for themeparks and resorts in Asia and top 5 globally. Cheong said an IPO has always been in the plans for Pictureworks as it seeks to achieve a larger footprint in the region BUT he is not in hurry to list it. If he were to list it, they would want a min target valuation of US$1bn. Apparently they have good valuation reports with high PERs to support this but they will want to wait for the right time.

Cheong also said for Pictureworks, it is seeking to add more themeparks to its portfolio in addition to Shanghai Disney Resort and HK Disneyland and its other projects include - Kidzania, Legoland Msia just to name a few.

The question is would Pictureworks be listed thru PUC?

I always think a CEO cannot be 2 CEOs of 2 somewhat related businesses.. Cheong's passion is in media+leisure+tech+entertainment and all are inter-linked and since Cheong and related parties owns a substantial stake of 40.5% in PUC and share price has not been performing. Also there is RM40M+ which has been raised thru ICULS during Cheong's late brother days that are untouch as Cheong does not intend to grow the solar biz in a big way.

Would be interesting to see whether Pictureworks will be injected into PUC for subsequent bigger listing or whether PUC would even be privatised and re-list elsewhere..

In any case.. This is a stock that you may not see earnings building up now but they could surprise you with their massive plans one day.. Try to meet mgmt just to know them.. A highly driven bunch that comes together to make things work.

Poor 2Q result??

My E.G. Services (MYEG MK)

The Stars Align

A range of new government legislations has significantly lowered the execution risks for MYEG’s various new ventures and further underpins our 31.5% earnings CAGR in FY16-19. These legislations include:
a) retailers to install the GST EMS devices,
b) employers to provide basic minimum standard housing for foreign
workers by 2018, and
c) illegal foreign workers to take up insurance services upon their legalisation.

Maintain HOLD. Target price: RM2.29. Entry price: RM2.06.

hahah punters are leaving now

nahh not really speculation, ytd's announcement was winning a case. and some are buying into their energy business for recurring revenue stream, but of course...definitely invited some punters to join the play

http://www.theedgemarkets.com/article/pasukhas-may-rise-higher-says-rhb-retail-research