Shareholders should not support slave labor too. Don’t just mati-mati defend the company. The company needs to explain.

From The Edge - just for reading

KUALA LUMPUR (Nov 24): D&O Green Technologies Bhd's net profit increased 26% to RM18.6 million for the third quarter ended Sept 30, 2021 (3QFY21), from RM14.73 million a year earlier, on strong demand for automotive LED.

Revenue increased 10% to RM174.57 million from RM158.86 million, the group's bourse filing showed.

The group said that while its factory was shut down for 24 days, from July 8 to July 18 and Aug 9 to Aug 23, to curb the spread of Covid-19, it still managed to record revenue growth, supported by strong growth in global automotive LED demand and progressive commercialisation of new business wins.

Its performance was also supported by better cost management and production efficiency improvements, which were partly offset by higher administrative expenses incurred in the implementation of Covid-19 preventive measures.

D&O said it also benefitted from the reversal of the over provision of 2020 income tax expense during the quarter.

For the cumulative three quarters ended Sept 30, 2021, D&O's net profit surged 272% to RM71.89 million, from RM19.33 million a year ago, while revenue jumped 61% to RM588.87 million from RM366.21 million.

Looking ahead, the group expects a strong sequential rebound in sales revenue and profit in the last quarter of FY21, adding that its 90% subsidiary Dominant Opto Technologies Sdn Bhd's expanded capacity has been fully booked for the quarter.

"All employees have completed two doses of vaccination under the MITI PIKAS programme. On Nov 11, 2021, Dominant kicked off the booster vaccination programme (third dose).

"The completion of the vaccination programme, coupled with robust internal Covid-19 preventive measures in place, is expected to substantially reduce the risk of further production disruption," it said.

D&O's share price fell six sen or 1.01% to RM5.87, giving the group a market capitalisation of RM7 billion.

It looks slow and steady now, good sign

Yep, buy and hold. RM5+++ will be gone soon in my opinion

What happened to the “15m profit only”?

Yes now perhaps epf and tabung haji need to rebuy what they sold lol

The report provides clarity and a way forward. A closure itself is positive. Not sure what you were expecting if you read about the issues that led to the kpmg investigation (an investigation that was initiated by cmsb, not forced by external regulators).

https://www.klsescreener.com/v2/financial-reports/view/710069

Election announcement and report release on the same day - well played

Sorry, i just realized i said what calvin already wrote.

That was expected. What happened and what’s the path ahead. It’s not a ‘good’ or ‘bad’ report. What it does establish is a commitment to good or better governance. The losses have been accounted for, as clearly reported before, so there’s no shock there. There may be legal cases against individuals but this wont affect the business.

Slow sustained increments are better than fast leaps

Yes it’s a game. Better run today if you have better opportunities elsewhere.

So elections are on…all systems go?

I agree, buy and keep. No need to check daily haha

Those shouting unreal profits for this QR are probably keen to exit quickly

The more retailers sell on news now the better

Yes please sell on news

Long term play, don’t worry about short term fluctuations or resistance

Don’t worry just because of one QR

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING D & O GREEN TECHNOLOGIES BERHAD ("D&O" OR "COMPANY") PROPOSED PLACEMENT OF UP TO 38,500,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING APPROXIMATELY 3.2% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PLACEMENT")
D & O GREEN TECHNOLOGIES BERHAD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description D & O GREEN TECHNOLOGIES BERHAD ("D&O" OR "COMPANY")
PROPOSED PLACEMENT OF UP TO 38,500,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING APPROXIMATELY 3.2% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PLACEMENT")
(Unless otherwise stated, all abbreviations used in this Announcement shall
have the same meanings as defined in the Company’s announcement in relation
to the Proposed Placement dated 12 November 2021)
We refer to the Company’s announcements in relation to the Proposed
Placement dated 12 November 2021 and 18 November 2021.
On behalf of the Board, Maybank IB wishes to announce that following the
completion of a bookbuilding exercise, the Board has on 22 November 2021 fixed
the issue price for 38,500,000 Placement Shares at RM5.62 per Placement Share.
The Proposed Placement was oversubscribed.
The issue price of RM5.62 per Placement Share represents a discount of
approximately 0.84% to the 5-day VWAP of D&O Shares up to and including 19
November 2021, being the market day immediately prior to the price-fixing
date, of RM5.6677 per D&O Share. Accordingly, the Proposed Placement is
expected to raise gross proceeds of RM216.37 million.
Maybank IB is the Sole Placement Agent for the Proposed Placement.
This Announcement is dated 22 November 2021.
Announcement Info
Company Name D & O GREEN TECHNOLOGIES BERHAD
Stock Name D&O
Date Announced 22 Nov 2021
Category General Announcement for PLC
Reference Number GA1-21112021-00005

Nosh is 3b, but the other simple fact is each share is less than 1 ringgit. From a fund’s perspective, they can take much larger bites. What it means is we haven’t seen anything yet,

To be fair, Bob’s assertions were made much earlier before closing. I can bear witness.

https://www.freemalaysiatoday.com/category/nation/2021/11/18/malaysia-us-to-sign-deal-on-supply-of-semiconductors/

Hah they suddenly did some media relations activities a couple of months back. I suspected something was cooking in the background because of that.

Serbadk lives rent-free in many people’s minds haha

If one believes:

1. The operator is strongly controlling the price for their own benefit
2. The company has very good prospects

Then logically the operator will benefit more by pushing the price higher and higher eventually, it is just a matter of time

If you’re confident that:

1. The company is growing
2. Leadership is sound
3. It’s in a growing or lucrative sector

Then just hold, no matter how it goes up and down daily.

These articles should be banned

This is how rumors start and ends up with people blaming the company rather than the rumor starter

Buying back after BI…

Yeah just sit back and watch

If everything is in order the sky is the limit.

Yes and yet some people like to spread stories to get the contra kakis excited

Hold the line!

Haha the stories here

Suing EY - this is how SD confirmed KPMG was onto something without saying it outright

Some sellers waited for months, only to sell at a tiny profit. They get distracted by other counters moving fast. Likely to end up getting stuck there.

007, bonus issue - insider knowledge?

Or it may continue to drag sideways. This counter has too many short term passengers.

Once you’re caught cooking the books, there’s no turning back if you’re a listed company

Suing bursa is the company’s last gasp

As i was saying earlier, try not to pull in those contra kakis

20 sen… cool story bro/sis

The news link said ‘Sabah packages’ of the PB highway. Very little to do with CMS, if anything at all.

Engine on?

The things you read around here…

Who’s “they”?

Already mentioned too many times, this is not for contra players.

Short term folks taking profit (the same people who incessantly complain about the price not moving up)