Bubble burst. The sky is falling....

plus Elliot wave 3

price dropped with volume...uncle sold already?

Plus golden cross. High volume expected after this consolidation

Strong hold. Possible cup and handle formation

Got to wait for Nov QR3

Maybe the 5 million capex has to be noted, if not the profit would be 14 million

Luxchem is at pe 18 now, Samchem should be the same @9 x 18 is 1.62

Did not improve based on Q on Q. Will it improve next quarter?

Cheap sales

Bullish. Towards 1.50

They probably goring to dump the shares on innocent ikan bilis. 10 mil turnover......

The accounts clearly showed the projects they have hardly have a margin. They took in non profitable projects and incurred capex on it. By June next year when the majority of projects finish, they will wipe out the company with the impairment of receivables

Management comment is one pathetic cry for help

1 mil impairment on investments ended Feb, Ended May should be more,,,,

9 mil cash left. before project started 50 mil. Where did it go? Daylight robbery

This is the result before MCO, wait for 4th Quarter,. It will truly astonish you on how bad it could be...

Lol...there, I told you you would be disappointed. Profits before tax of only 1.1 mil.
Limit down tomorrow.
Is the COO replacing the CEO?

Break out

Yes. Additionally demand from petro lubricants too as traffic increases. Triple whammy

Nta over inflated as goodwill comprises of a 30 to 50% of the net tangible assets

Q3 might be a loss while Q4 is definitely a loss, how much do you think profits for 2020 is?

Ecobuilt and Rexallent are involved in the same project hence a double counting element which surprisingly SC approved. Which technically means rexallent is the sub contractor of ecobuilt.

Suspected the 45 million reverse takeover is to bail out rexallent assets. They might leave Ecobuilt with the debt of rexallent after expire of the projects

Invested in quoted investments and with fund managers. Almost 80% of the cash. Would be hit by impairment coincide with market downturn

Probably the 3rd quarter too will be a loss

Distributor for naptha, chemical for nitrile gloves and ethanol, alcohol for sanitizer.......impact of surge in gloves production

LoL....last industry to rally

Annualized pe 210. Prepare for limit down

Without covid crisis, eps 9 cents@pe12, that's 1.08 at least

Unless profits doubled, its justified. Cant you foresee it doubling?

Paid up capital 300m, volume now 200m, it's not going to end well.
Goring

So long at 1.00, strong accumulation plus directors buying. News must be not too bad

Feb ended QR after 3 months still cannot come out. Going into 4th month without QR, how bad can news be?

Buy...bullish crossing sighted

Game over already

Some distribution going on....

Looks like obvious distribution...

Pullback tomorrow lah

Extended another month

Support the price at your own risk

Tomorrow or extension?

Resorting to parlour tricks for ikan bilis....quite desperate

Time bomb QR this month or next?

See...no hope lah.
Price dont move up with forthcoming QR.
Dont waste time with this useless company.

Bad news wait until last minute to release while insiders selling...

Maybe sales not as bad. That's why directors buying...

https://markets.businessinsider.com/news/stocks/wayfair-stock-price-quarantined-people-buy-furniture-jump-sales-april-2020-5-1029167072

Accumulation. Left to right hands

Right issue again? Probably on the verge of desert cashflow due to the wonderful enormous hole of the property division and JV which no cash payment is involved. Wait for the QR to decide...it could be a rescue mission

Oversaturated. Masks available everywhere. Demand tapering off