Sixmil, 1665.HK reported EPS MYR1.33 this quarter. How can PE be above 20? Did you convert EPS into HKD?

Finally someone speaking some sense here. Bravo!

More than happy to

Long term investors wish to collect all the shares on sale. Guess we just hv to buy from the daytraders and flush them

Its kwap creating the selldown and collecting at bottom. They have done it with other counters in the past

http://www.theedgemarkets.com/article/vs-industry-posts-record-profit-revenue-fy17-pays-one-sen-dividend

KUALA LUMPUR (Sept 27): V.S. Industry Bhd's net profit more than tripled to RM36.81 million in the fourth financial quarter ended July 31, 2017 (4QFY17), from RM10.94 million a year ago, on higher sales orders from existing key customers.

Earnings per share rose to 3.08 sen in 4QFY17, from 0.94 sen in 4QFY16.

Quarterly revenue jumped 77.4% to RM983.39 million, from RM554.2 million a year ago.

The group also declared a fourth interim dividend of one sen per share for FY17, payable on Oct 27. It also proposed a final dividend of another one sen, bringing total dividend for the year to 5.9 sen, compared with 4.7 sen in FY16.

For the full year FY17, it posted another year of record net profit and revenue.

Net profit rose 32.6% to RM156.32 million in FY17, from RM117.93 million the previous year, while revenue grew 50.8% to RM3.28 billion, from RM2.18 billion in FY16.

In a statement today, V.S. Industry managing director Datuk S.Y. Gan said net profit for FY17 included impairment losses of RM4 million on an investment, as well as RM12 million on property. The latter was mainly due to the strengthening of the U.S. dollar against the rupiah since its last valuation date in 2013.

"In the absence of these operational items, FY17 net profit would have been RM169.5 million against the reported RM156.3 million," Gan added.

V.S. Industry also said all three geographical markets reported healthy year-on-year revenue growth in FY17, with Malaysia leading the line with a 54% growth, followed by Indonesia (53.2%) and China (42.1%).

Going forward, V.S. Industry said the trend of rising orders is expected to sustain, going into the next financial year.

“Looking ahead, we will not rest on our laurels, as the group is still in expansion mode and we aim to maintain the uptrend in our financial performance," Gan added.

"We are adding more production space by constructing a new factory cum warehouse to cater for the expected increase in orders from both our existing and new customers. To remain at the forefront of competition, we also continue to invest in automation and manufacturing technology, especially as we progress towards the Industry 4.0 evolution.

"Barring any unforeseen circumstances and judging from our current and prospective orders, we are optimistic that VS would record better performance in FY18,” he added.

Shares of V.S. Industry hit its all-time high of RM2.67 on Monday, but has since pared off some gains. The counter closed 3.07% or 8 sen lower at RM2.53 today, giving it a market capitalisation of RM3.07 billion.

Highest revenue achieved. if exclude the impairments of property and other investments, the EPS actually very impressive! Full year revenue already 50% more than last year and next year will be even higher with increased production lines

It would have been above rm4 a long time ago already if it wasnt for the operator blocking the price and pushing it down. They were accumulating since june, and weakholders continue selling hahah

In the AGM, the MD did mention that they intend to increase their stake. Good signs ahead

Insiders buying and raising their stakes, we also buy la!

Without Tashin steel, Prestar will change from mid-stream and downstream steel player to fully downstream steel products player?

have to thank the sellers to give us chance to accumulate this wonderful biz for the past month!

Listing on HKSE means they will get the IPO proceeds or the funding they need to expand their business. Existing shareholders will either get a proportion of the new shares on HKSE or get cash back through dividends. But it doesnt make sense to distribute dividends as Penta really needs the funding to expand their business

if you went to their AGM, you would know that they are already at full capacity and urgently need to expand their factory space. More so, their manufacturing of testing equipment is so busy that they need to pull their manpower from the automation segment

I believe they are in the right direction. what they need is more funding. and they have chose the HKSE listing route

Search the FY16 annual report. Its in there

Its good news! That 40% shareholding received roughly 15mil in revenue vs group revenue of roughly 151mil in FY16. Thats 10%! We can expect 10% increase in revenue when its reflected!

Prestar operator just came back from 2 weeks holiday hahah. Now can fly to rm2.00!

Whoever sold better buy back! gonna break the previous high!

77huat77. Nothing wrong with them doing ESOS. As they already mentioned in the agm, the Toh family is increasing their stake in the company. You can check the announcement history that they acquired alot of shares in open market since 2014-2016, raising their family stake from ~40%-~60% (rough calculation) now.

And now they are doing ESOS to increase their stake further. In AGM, they hinted better prospects in the company for the reason of this increased stake, and also told shareholders to buy more. Of course the insiders have to believe in their own company for them to increase their stake.

That aside, the two malay directors (Haji and Nahar) have been exercising ESOS and disposing shares in open market. Let me ask you. Do you think these two malay directors have a big role in the company? Or are they on the board for other reasons? in fact, Haji didnt even attend the AGM. Did the Toh family dispose their shares after ESOS?

More points to add from the AGM:

- Prestar is seeing an increase of orders for their warehouse solutions, not just in malaysia but ASEAN countries like singapore, thailand, indonesia. Warehouse racking and forklifts. In a very good position to benefit from e commerce warehouse usage.

-Prestar has spent some capex to use robotics and automation for their steel processing line. This will reduce the labour cost, improve margins further and also quicken the production process. You can see in this years annual report, they spent 7mil for new facilities

The bulk of their debt is in trade financing. Its very common for companies to use trade financing for transactions involving buying raw material and then completing their manufacturing process to sell off products. Kind of like import export transactions. All short term in nature just to fund their raw material purchase

Datuk Toh sounds very bullish during the AGM! he cant comment on his family's increased stake in prestar, but he hinted better prospects in the company and of course will put money where the confidence is.

Keypoints:
-FY16 margins improved cos of Megasteel closure and now they can source raw material from overseas, namely from POSCO which they already have JV relationship. POSCO is world's 4th largest steel mill. Cheaper, reliable, on time delivery. This kind of margins will be sustainable as long as they are not forced to source from suppliers like megasteel

-Prestar is supplier and maintainence contractor of highway guardrails. They supplied to North-South Highway and most parts of Selangor e.g. Federal highway, DUKE etc. They will supply for East Coast highway and Pan Borneo and are looking to tap into ASEAN market too

-Their wheelbarrows and handtrucks are supplied around Malaysia's and Indonesia's palm oil estates. They already have operations and warehouse in Indonesia, so its not hard to expand their reach

Certainly sounds like Prestar is going in the right direction and management sounds bullish!

http://www.theedgemarkets.com/article/prestars-earnings-almost-triple-1q-thanks-wider-margin

promo by edgemarkets!

Choo Bee management attributed the higher profit margin to higher average selling price. The same effect will apply to prestar

Choo Bee's review of quarterly performance:

Review of the performance of the company and its principal subsidiaries
Current quarter vs. Previous year corresponding quarter
The Group recorded revenue of RM97.3 million for the quarter ended 31.03.2017 (“1Q 2017”),
which contracted by RM3.4 million (-3%) compared to revenue of RM100.7 million for the quarter
ended 31.03.2016 (“1Q 2016”). The weaker performance was mainly attributed to lower
contribution from the trading segment.
However, the Group’s profit before taxation bucked the downward revenue trend and rose
significantly to RM15.3 million for 1Q 2017 as compared to RM4.0 million achieved in 1Q 2016.
This was mainly due to higher profit margins achieved as a result of improved average selling prices.
Profit before taxation was further strengthened by interest income of RM0.7 million from short term
deposits with banks, and RM1.1 million from realised gain on foreign exchange transactions.
The performance of the respective operating business segments of the Group for 1Q 2017 as
compared to 1Q 2016 are analysed as follows:
Manufacturing
The manufacturing operations contributed revenue of RM42.5 million in 1Q 2017, which increased
by RM0.7 million (2%) compared to RM41.8 million in 1Q 2016. The stronger performance was
mainly attributed to higher average selling prices offsetting lower sales volume as a result of softer
market demand.
Trading
The trading operations contributed revenue of RM54.8 million in 1Q 2017, which eased by RM4.1
million (-7%) compared to RM58.9 million recorded in 1Q 2016. The weaker performance was due
to the dealers exercising a cautious stance in view of the delay in private development projects and
contracting of governmental infrastructure projects.

Finally a turnaround in their quarterly results!

That malay director has been selling off his shares alot of times. Dont worry about him cos hes a kelefeh director and not a substantial shareholder. In fact, he will cease to be a shareholder very soon. He practically sell of all his holdings alrdy.

On the other hand, the Toh family which holds 65% of shareholding(if i remember correct) has been acquiring shares thru open market and thru ESOS in the past 2 years. This is more relevant insider activity

https://klse.i3investor.com/blogs/mytraderview/122742.jsp

should be entering parabolic uptrend phase since it has surpassed the major resistance of 1.05

https://www.jobstreet.com.my/en/job/service-engineer-rawang-selangor-3277753?fr=21&src=12

They have been actively recruiting more people. Good sign of expanding capacity. Also, you could see they have future products in their pipeline such as exhaust pipes and cold-drawn tubes. Its always a good sign of improving prospects!

Coming quarterly results should be good since management seems to be doing the right things. They must have confidence in their own performance lately, if not why so aggressive in doing ESOS

i wouldnt be too worried bout a drop in price cos it always rebounds up eventually. Good quarter, what to worry? its just weakholders selling off cos they dont understand the quarterly report

Record high revenue and PBT. if we exclude the deferred taxation of last quarter, this quarter EPS is actually higher than last quarter and stands to be the highest quarterly EPS

Such strong buying!

I mean DTFZ project and Jack Ma's reional e-commerce and logistics hub

Yeap i agree. Digital Free Trade Zone project requires huge amounts of warehousing and Prestar does manufacture those blue and orange panel racking for warehouse usage

banker=syndicate/operator. looking at the huge volume and buying on 20 March, definitely was the work of the operator. sapu all the way from 0.94 to 1.01. even the profit taking on 21 march has way lower volume than previously, so the operator who sapu is still holding the shares. weird that they allow so much profit taking and didnt support the price. Maybe rest few days and the strong buying will continue