Last 2 quarter EPS is 3.33 & 2.73, if annualized is 12.12.
So currently PE just 10. WEC got potential.

Surprisingly WEC proposed dividend, if it continue grows & pay dividend, it sure attract fund manager look into it.
Worth for hold long term.

Any transacted trade sure got willing buyer & willing seller but depend on:
Demand more than supply = Price up
Supply more than demand = Price down

Great News:

http://www.theedgemarkets.com/article/wong-engineering-resume-paying-dividends

Where is YingCai? What is the next direction? Up or continue down?

Peter is desiring money to launch property project but it depend on MSIG willingness & attitude. MSIG not lonely, HSBC Amanah Takaful will accompany them. Hahaha

Yingcai go to ML Global & BP Plastic lo

If really, Peter will give our chance to buy at 10c?
Btw, DPS always late/slow in announcement. Hahahaha

bonescythereborn dps will announce big win with huge amount compensation in coming weeks. stay tuned
14/11/2017 10:19

bonescythereborn after lunch break it will surge to 10sen
14/11/2017 11:14

DDDU

Mr. Peter sure think his property project will be very profitable

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5588845

The Board of Directors of Wong Engineering Corporation Berhad (“WEC” or “the Company”) is pleased to announce that the Company’s wholly owned subsidiary, WEC Construction Sdn Bhd (“WECC”) has on 31 October 2017 received a Letter of Award dated 30 October 2017 from Havana Solaris Sdn Bhd (“Havana”) to undertake a contract to build 2 Blocks of 37-Storey Apartment (556 unit) Affordable Homes (RRM) and Hawker Centre (31 unit) containing 1) Block A – 28-storey (250 unit), 2) Block B – 28-storey (306 unit), on top of 8-storey car park podium including facilities on Lot 32075, Kuchai Lama Entrepreneurs Park, Mukim Petaling, Wilayah Persekutuan Kuala Lumpur for a contract value of RM 87.5 million (“Contract”).

The Contract shall commence from 16 November 2017 to 15 May 2020 and is expected to contribute positively to the Group' s future earnings.

None of the Directors and or major shareholders of WEC, or persons connected with them, has any interest, direct or indirect in the Contract except for Datuk Haji Muhamad Shapiae Bin Mat Ali (“Datuk Shapiae”), Chairman of WEC. Datuk Shapiae is also a Director of Havana. Datuk Shapiae does not hold any shares in WEC. Datuk Shapiae holds only 1 ordinary share in Havana of which the percentage of shareholding is negligible.

Given the above disclosure from Datuk Shapiae, the above transaction is not regarded as related party transaction pursuant to paragraph 10.08(11)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 31 October 2017.



Assume project profit margin is:
10% for 2 years 6 months. Hence, estimate each quarter can contribute RM875K or 1cent. One year is RM3.5mil or 3.8cent.
15% for 2 years 6 months. Hence, estimate each quarter can contribute RM1.31mil or 1.4cent. One year RM5,25mil or 5.7cent.

Patient counter

http://www.thestar.com.my/business/business-news/2017/10/14/wong-engineering-turning-around/

It got 2 interesting pointsin this article:
- This suggests that some investors have started to take notice of this low-profile company. Annualising the RM3.05mil profit meanwhile would give Wong Engineering an annual profit of around RM12mil, which would make its valuations attractive, points out a dealer.

- Moving forward, observers don’t rule out the possibility of Tiong Nam or its owners privately injecting new businesses into Wong Engineering.


The first point just annualized 3rd quarter profit to 12 months. According to 3rd quarter report, the cumulative 9-months profit is RM3.64mil. However, the 3rd quarter report mentions:
The Group expects Quarter 4 revenue to be flat in-line with seasonal trends while raw materials cost is forecasted to increase as metal and steel prices picks up. Looking ahead, the group strives to continue improving its operational efficiency and cost in the backdrop of a competitive business environment as well as continue to diversify its revenue streams into wider industry reach and customer base.
On 25 July 2017, Wong Engineering Industries Sdn Bhd, a wholly owned subsidiary of the Company entered into a Sales and Purchase agreement with TN Equipment Rental (JB) Sdn Bhd to sell its investment property, parcels of freehold land together with a four-storey factory bearing postal address No. 4767 Lorong Permatang Pauh, 13400 Butterworth Penang for a sum of RM5,050,000. As at balance sheet date, the asset is classified as Asset Held for Sale as the full transfer of ownership is expected to complete 3 months from date of the agreement.
Asset classified as held for sale - RM2,766,000


2nd point is the most exciting prediction. New appointed directors is the hint?

Time to consolidate

TiongNam (8397):
11-Oct-2007 close at RM0.19
10-OCt-2017 close at RM1.57 (highest RM1.82 @ 11-Apr-2017)


LISTING'S CIRCULAR NO. L/Q : 69265 OF 2013

1) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") INTO FIVE (5) ORDINARY SHARES OF RM0.20 EACH IN TNLH ("SUBDIVIDED SHARE(S)") ("SHARE SPLIT").

2) RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS") AND

Oh Yeah.... Finally it wake up! Since I hold from Mar-17.

Raise so fast... Maybe good news soon...

TiongNam (8397) owner create a Miracle in 10 Years. Will it Wong (7050) be another Miracle? Hold for 10 years?

Yingchai, can you share the location & sale office contact (if any)? I wish go to visit the site during my next Malacca trip. Thank you.

Cosway, 24Apr is public holiday

The Edge Markets highlighted is "negative momentum"

24Apr public holiday?

Can't figure out, why TiongNam boss wanna bought this counter with net loss last few years. TiongNam has own property development section. Next, appointed new directors with property development background.
Maybe Gooooood News soon

1. It is just one-off profit, 16mil
2. As at Dec-16, short-term borrowing approx 28.8mil. Yet to know bank covenant that allow 16mil pay back go shareholders or?
3. The most Suprising and Miracle is 61mil shares or 22% of total shares transacted today!

Good luck & take care

Just called. 23Jan is file management. High court appoint another judge to reassessment. Few more months to go.

http://efiling.kehakiman.gov.my/eFiling/WebRequestEntry?PAGE=999998&PARAM_WS_NAME=SEARCHBYDATEWS&STR_CASE_HEARING_DATE=20170123000000&STR_COURT_LOC_ID=136f5545-8aae-4440-ad1a-46c61fac1999

MCA got advantage to convert land to commmercial use?

Hope tmr court case got good news

Lost 0.003

Something interesting, 2 good news announce but no movement. It unlike AAX be pushed up first then use Good News to distribute. DPS is at bottom, same price as right issue. Will ppl sell to you with right issue price with 2 Good News yet to reflect? I'm doubt.
It confirm will Erupt but don't know when. Great show is planning.

Lcheong furniture is continuing two quarters make profit. Hope DPS furniture segment got good result too.

Last Qtr manufacturing segment bad and crying, hope this Qtr able to turn positive. Property segment is improving and uptrend. Finance cost is reducing.
Hope this Qtr result better than last Qtr

DPS will keep claim amount for property projects instead distribute

This fish confirmed Dead!!! Good luck to followers

Run or be bury

DPS

Samngks, may I know where can get the Final Result? Where is the source? Please prove below info is reliable. Thank you.


___________________________________

samngks Final Result Of Court Case on 22/4/2016:9am as:-
1.The Appeal is allowed in part..
2.The decision of the HCJ in so far as her finding on liability of Appeliant under the 3 takaful policies are concerned,even applying the balance of probabilities standard of proif is affirmed..
3.However,the appellate intervention is required in so far as the Learned Judge's finding on quantum are concerned..
4.Therefore,the appeal on quantum is allowed and the case is ordered to be remitted back to the High court for re-asseseement of damage before another HCJ with liberty to both parties to adduce all relevant evidence for the purpose of assessment of damage..
5.The intersent on judgement sum at the rate 5%p.a. from 14.7.2011 until full realisation as ordered by the HCJ is maintained..
6.The decision of the HCJ date 26.9.2014 is hereby set aside to the extent stated above..
7.The agreed cost of RM50,000 be rewarded to the appeliant..
8.The money deposited in the respondent's solicitor's interest bearing account pending the disposal of this appeal be refunded to appliant within 7 days from today's date..
9.The deposit of appliant to be refunded..
14/05/2016 17:38

前程杳杳定无疑，石中藏玉有谁知。一朝良匠分明剖，始觉安然碧玉期。

mango2, theoretically is correct. MSIG may appeal to Federal Court to drag time and force DPS to negotiate. Hence, MSIG can offer other claim amount. But it can impact MSIG reputation.
That why i prefer DPS can off-court negotiation to pocket in claim and use the fund for JV project asap.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TY828 Oh Yeah... I guess High Court will no overthrow own judgement, stone on their own feet.
But I prefer DPS can off-court negotiation to pocket in claim asap. So DPS can start JV project asap :p
11/05/2016 20:10

Jerry, what Great News?

DPS NTA is RM0.20, insurance claim plus interest estimate 20mil++ and JV estimate profit 47mil in 5 years.
It can go more & more further from current price. Current price really really undervalue.
Don't throw with current price, holds for years :p

JJChan, 0.16 is over conservatism.
DPS NTA is RM0.20, insurance claim plus interest estimate 20mil++ and JV estimate profit 47mil. It can go more & more further.
Hope got more & more property development plan announce :p

Oh Yeah... I guess High Court will no overthrow own judgement, stone on their own feet.
But I prefer DPS can off-court negotiation to pocket in claim asap. So DPS can start JV project asap :p

Looks like it dump DPS too :p

I though it has sideway since 2009

Yes, agreed with JJ. Look like DPS going to pay even the factory value had written off :p

Yes, agreed to buy more & holds years. JV estimate profit is 47mil in 5 years. If company pay land cost, 40mil by shares, it can bring 87mil cashlow in 5 years. The new cashflow allow company to have more projects. At least we can know the company towards to become property developer as plan. The first project has announce as mention in below interview.

http://mykampung.sinchew.com.my/node/395497#ixzz47SV9adsy

Please don't spread any unconfirmed/unverified news/result to make confuse. Please show evidence/prove!

Goldenwheel, i respect to you

JJ, can claim medical fees for samngks and Goldenwheel?

fl888, plus refer back Goldenwheel last night 9pm comment.

Nelayan if you unhappy why late announcement, can go to below link to make complain to Bursa. Then we join you later on :p
http://www.bursamalaysia.com/contact/other-complaints