at that time you gonna praise them

be more patient.. gonna have good fruits soon

newly few years and expected to have sky high result.. be realistic a bit mates.. can't compare with hibisucs.. they only purchase those mature assest from others company.. while reach are exploring with their own and got to further works by their own as well

no doubt the result are not expected as what we want.. personally reach are on good track

seems like something are cooking for o

Post removed.Why?

wonder who are the big shark.. crazy big volume

the more you sell the more they can collect.. end of the day you sendiri Cari sudah. got to cut lost la.. cry father mother la

stay tuned

first tp1.27 then follow by 1.42

understand that most of the investor worried myeg might not able to get contact from the government.. but think twice.. they already well developp and invest more than their competitor for me will think that they have the advantages.. if their competitor want to attire the offer dafenately they need more time, resources and investment to strike the deal

hmmm...

big volume of transaction especially after 4.50pm

with the new business exploration to Indonesia, Philippines and Bangladesh.. do believe this move will bring big impact to the company earning .. ust stay tuned

not much of company able to have good profit margin.. except this company - myeg.. easily 40%

jsut wait for rebound

Post removed.Why?

Current price of Tawin is trading at near 52 weeks low (12 sen) and if they can turnaround in 2H of 2019, then downside is limited due to I expect is it likely to turnaround based on their new JVs (international and local) and internal efficiency improvement.



 

The new management taken over the company since end of year 2017 when tawin was still trading at 1.00 (after adjusted price still about 35-38 sen now).

2.3 Increase export ratio (no 3)

Tawin has increased their local and export market ratio from 80:20 to 60:40 level in 2019. Their target is further increase this ratio to level of 50:50 to ensure that the company continues to grow and can have a more natural hedge of their currency risk.

2.4 Internal Operations Improvement (no 4)

Tawin has designed a capex plan to replace old machinery in order to improve efficiencies on electricity cost, labour cost, and maintenance cost.

2.2 Cyprium Wire Technology JV (no 2)

Cyprium JV was announced in April 2019 marks Tawin first foray into the cable industry, a downstream venture in the value chain which normally command a double digit net profit margin. It will use innovative electron beam irradiation technology (patented) and it is part of the Company’s strategy to capitalise on new and viable opportunities complementing its existing business to drive growth. This joint venture is expected to be operational as of in 3rd quarter in July – August 2019 (Q3 could contribute)

With 80% ownership of the newly set up Cyprium Wire Technology SB, TaWin is the first and only Malaysian company to commercialize this technology. The competitive pricing and lead time as compared to foreign competitors are some key advantages of this downstream product.

From the above circular, 2  new  additional  manufacturing  lines  with a  total  capacity  of approximately 1200 metric tons per month has been setup. The total costs of these 2 manufacturing lines (including installation costs) is approximately USD1.7 million (or RM6.9 million based on exchange rate of 4.07). Personally I expect these two new productions lines will have higher efficiency and profit margin and  the best thing is the has secured an off-take agreement to sell all the copper rod and wire products of this new production lines.

Remember their existing production lines total capacity is approximately 1000 tons (per month) with revenue per quarter of about 90mil. With the contribution of the new production lines, capacity could increase to 2000 tons per month with possible double up of revenue (higher margin from new production lines).

Four (4) Keys of turnaround 

2.1 New Machines could contribute higher margin (no 1)

One of their strategies to turnaround from loss to profitability is by changing the old machines to newer and more efficient machines, which can accept recycled raw materials (or lower purity copper raw material). For this purpose, Tawin has proposed right issue and ICPS (irredeemable convertible preference shares) to raise RM35.8 mil (mainly to buy raw materials). This corporate exercise has been completed in August 2019. Let see the details of the right issue fund utilization as below (circular 2.1.6):

Tawin has been in loss making position over the past 18 months (4 loss making quarters over last 6 quarters but already turned profitable with 8.1mil net profit in the latest quarter result released on 30 August). The reasons of loss making are due to the following reasons:

Existing old machines (more than 20 years) which incur higher costs associated with equipment downtime and maintenance.

Higher administrative expenses (one-off) incurred as a result of the fair value loss on derivative liability and the Group's on-going corporate exercise (completed this exercise in August 2019).

Thin profit margin due to their high cost of their copper raw material (cathode). If they can use recycled copper raw material in their production process, then their profit margin could be higher (due to lower raw material cost).

look at lonbisc.. pn17 company with financial problem company now also trade at 0.105. do you think tawin worth with current trading price?

just stay tuned

off course.. give them another 1 or 2 quarter will see a major impact for the P

if the production really can achieve as per mentioned in the report.. this will significant double up their revenue

looks back to the QR report.. gross profit at 2m despite the revenue drop. increase of expenses for administrative and finance Costa and cause the lost..

just wait for rebound.. around the corner

someone been calling bad in order to let themself able to collect at such low..

feel like something going to cook soon

over sold and under valued kao kao.. just wait for it to rebound

seems like someone keep on throwing on yesterday.. strange.. is a trap?