They should have dispose Boxpak since the operations is grossly inefficient. It's a liability. Carton business is operated in a very competitive environment due to low switching costs. Unlike canning business, switching costs is rather high to the customers in terms of testing and lead time. The operation went suck after the old management left Boxpak.

I doubt the ability of the management in handling big operations. Look at their carton division, Boxpak, keep posting losses or tiny profit whereas Master, Orna & PPHB have been reporting increasing profit. Operations are sucked especially in Vietnam. They only focus in capturing market share and ignoring profit. Be prepared to hold for long term for investing in CanOne.

FF keeps withdrawing money from Bursa. Lake has become a pond now. Not much money for operators to goreng. Operators are getting lesser.

Market is deeply needed big contracts to rescue the share price downtrend now. Any news?

CE issued by CImb with exercise value RM 5.3 is expiring on 30 Jan 19.

FA uptrend mode whereas TA downtrend. It seems investors are pessimism of its future prospects. Risks is getting higher since TA 200 broken.

Allianz will lead Takaful tomorrow. No point for IBs to spend money pressing down share price anymore.

Great QR. As expected gross margin improvement from the reduction of resin raw materials prices. Expecting another better QR next year.

QR is OK. Herpa-P clinical test is the only hope in next few months.

You can read the latest announcement for CC & CD.

CC & CD are suspended tomorrow.

They wanted to trigger massive selling off for breaking TA support 200

Today is the last Date of Trading for both CC & CD.

First round under kyy. This is the 2nd round. Wait for the 3rd round.

It’s unethical not to make money in a business for long term. The business would certainly go burst. So..it is unethical too for being not able to protect our capital investing or trading in share market. The risks of being extinction.

Don’t blame the short sighted of Bursa retailers, it’s the environment causing them to protect their capital as a first priority in such situation. Is it pump and dump? Go for DJ companies with strong moats if you want to seen to be noble in investing for long term or follow 3i.

Everything happens for a reason. Many Bursa retailers have turned into short or mid term investors due to the structural issues of the local business. Many companies are involved in short cyclical business in nature with more than 90% of the listed companies.

Effort of yesterday is obviously wasted if the price up in the closing today.

Wait for the price to cool down first ...Half way big gap up is not a good sign...example MBMR, Takaful, Redtone...

Big volume is traded in last 5 minutes to panic retailers. It could be another show again stage by IBs tomorrow. Opportunity...

Now, Redtone has to wait for the new contract from the government in next few months. Once contract is awarded, it would fly whereas no contract....gg. It all depend on our risks tolerance level.

By looking at the bright side, Telecommunication Services margin was improving by 5% or up from 41% as compared with 36% previously. It's still fine since the company traded at PER 15x ++ after excluding de-consolidation losses.

Redtone Telecommunication Services segment:

PBT
30 Sep 19 - 8.2m
30 Jun 19 - 5.2m (2 months)
30 Apr 19 - 7.6m
31 Jan 19 - 7.5m
31 Oct 18 - 7.4m
31 Jul 18 - 7.3m
30 Apr 18 - 10.2m

Turnover
30 Sep 19 - 20.2m
30 Jun 19 - 13.4m (2months)
30 Apr 19 - 20.7m
31 Jan 19 - 20.9m
31 Oct 18 - 20.6m
31 Jul 18 - 20.1m
30 Apr 18 - 21m


Outstanding order book is about RM 100 million from the contract awarded in December 2017 in MTNS segment.
Redtone MTNS segment:

PBT
30 Sep 19 - 3.7m
30 Jun 19 - 5.6m (2 months)
30 Apr 19 - 7.2m
31 Jan 19 - 1.9m
31 Oct 18 - (2.5)m
31 Jul 18 - (1.9)m
30 Apr 18 - (4.5)m

Turnover
30 Sep 19 - 35.9m
30 Jun 19 - 18.7m (2months)
30 Apr 19 - 52.3m
31 Jan 19 - 23.7m
31 Oct 18 - 8.7m
31 Jul 18 - 9.7m
30 Apr 18 - 8m

MTNS segment is so so only. Redtone needs a big contract to justify future growth.

Good QR but loose momentum.

There is a hope after TAAN has taken over Swkplnt. They did quite well in managing plantation business.

VenFx. Last QR, Nova has reported highest turnover in a quarter even without increasing in Debtor. Cash inflow is quite healthy. It means the management did not push up in sales the final quarter as they did last year. Anyway, it is hard to say in stock market. lolz.

Back to uptrend mode. QR announcement this week?

Speakup. PE is much lower if you exclude one off losses from Deconsolidation of subsidiary 2 quarters ago.

No more cheap sales. why Redtone has moved up do fast in early morning?

It's time rebound until QR announcement. Many players have cut loss and moved to Jaks already.

I am trying at 50.5 cents. yesterday, hit all the ways from 52 to 51.

Believe that Nova Revenue is sustainable. Here's the information in AR.

Extracted from AR 2019:

- FY 2019 - New products were launched into the market including Nova Enzymes tablets, Nova AstaOmega 3 Softgel, Sustinex Vegetable Oil Blend Powder & Nova ALA-SR 300mg tablet.
- Nova Wellness Partner Programme (NWPP) increased from 112 to 118.
- NWPP outlets up from 220 to 243
- Increased in Herpa-P sales from 2nd clinical trials.

Raider. Jaks hit almost 50% gain in a month. What about your Insas? That's why we don't play ego in share market. Making money is more important.

VenFx. It’s now much dependent on QR and Herpa-P clinical tests. If Nova is able to complete 3rd clinical test next year, it may trade PER above 30x.

Perstima needs money to build a new factory in Philippines. Capital Commitments shows RM 239 million. It seems Perstima is unable to maintain dividend payout due to major Capex. Some more, market is quite challenging due to influx of cheap China tinplates.

Hopefully, this is the final round price consolidation before breaking 60 cents and up further.

According to AR 2019. Nova is tightly held by 20 individuals plus Phillip Capital for 88% of the shareholding. It's up to them to make a call.

This is the 2nd times of price dipped to 54.5 before staging a strong rebound. I was waiting to top up at 53 cents.

Rebound so fast. Yoyo game?

Raider. What more to expect with 30% profit earned from Jaks in a month? lolz

Probability. Yeah. Better move up slowly. IBs love to issue call warrants to take advantage of volatility of share price movements.

CE issued by CIMB is expiring end of Jan 2020. Think they will press down the share price again after the QR announcement.

Takaful CC, CD and CF are expiring end of this month.

Based on HL Invest research report title " In a Bittersweet Spot " on 16 Sep 2019, it mentioned that 'As for its family bancatakaful business, credit-related products growth should taper and normalize from 3Q19 on wards, given contribution from Bank Rakyat on a full-year basis has come to a tail end, coupled with a high base effect ". However, It did not happen. Takaful remains on track of achieving double digits growth.

Family Fund Revenue growth QoQ
30 Sep 19 - 24%
30 Jun 19 - 34%
31 Mar 19 - 32%
31 Dec 18 - 50%
30 Sep 18 - 45%

30 Jun 18 - 8%
30 Mar 18 - 6%
31 Dec 17 - 0%
30 Sep 17 - 5%
30 Jun 17 - 3%

Easy money. Go go go!

Stock market is changing too fast including repercussions.

There’s an illustrative example published by IFRS.org in comparison between IFRS 4 and IFRS 17. ....The final profit and loss shows a slightly improvement whereas Revenue plunging due to different basis in recognizing revenue.

https://www.ifrs.org/-/media/project/insurance-contracts/ifrs-standard/ifrs-17-effects-analysis.pdf/
Page 83

unfavourable upcoming MFRS17 accounting change” as claimed by HL Invest. Is it really the new MFRS 17 impact to insurance company profit and loss? It seems like very very serious issues to insurance company...profit plunging??? Lolz

Here’s the summary explanation:

The presentation of the income statement also changes minorly, but the change is important. Written premiums are not important anymore it is now about services provided. So earned premiums are replaces by service income and service expenses. As the name implies the income and expenses connected to the services which the insurer has provided in the period. Also for the income statement will the specification change largely:

Specification whether the service income and expenses are connected to a service which was delivered in the past, current period or even future period
Just like the balance sheet do we also have to divide the changes of the insurance liability into Fair Value Approach, the Modified Retrospective Approach or the Full retrospective approach / regular contracts.

PAT
Dec 19 - ???
Sep 19 - 113m
Jun 19 - 80m
Mar 19 - 96m

Dec 18 - 90m
Sep 18 - 83m
Jun 18 - 50m
Mar 18 - 70m

Dec 17 - 56m
Sep 17 - 48m
Jun 17 - 44m
Mar 17 - 57m


Revenue
Dec 19 - ???
Sep 19 - 753m
Jun 19 - 673m
Mar 19 - 918m

Dec 18 - 702m
Sep 18 - 649m
Jun 18 - 542m
Mar 18 - 746m

Dec 17 - 518m
Sep 17 - 472m
Jun 17 - 485m
Mar 17 - 660m

Hard to cari makan if we follow IBs analysis. The information below may provide some clues about the quantum of net contributions earned next few quarters.

Net contribution earned for Family Fund
Dec 19 - ???
Sep 19 - 570m
Jun 19 - 433m
Mar 19 - 472m
Dec 18 - 466m
Sep 18 - 408m
Jun 18 - 335m
Mar 18 - 308m
Dec 17 - 303m
Sep 17 - 289m
Jun 17 - 301m

Net contribution earned for General Fund
Dec 19 - ???
Sep 19 - 170m
Jun 19 - 103m
Mar 19 - 129m
Dec 18 - 93m
Sep 18 - 112m
Jun 18 - 103m
Mar 18 - 115m
Dec 17 - 68m
Sep 17 - 85m
Jun 17 - 77m