I believe the management would be able to deliver what they have promised judging from the past track records for the last few years.

Turnover
2017 - 537m
2016 - 620m
2015 - 452m
2014 - 453m
2013 - 383m

PBT
2017 - 55m
2016 - 63m
2015 - 40m
2014 - 32m
2013 - 20m

leekh5555. Thanks for the updated information.

Not that bad for buying a company at price RM 7.4 which is able to generate net profit RM 100 million per year...future PER 7.4x only so not really high. lolz

Big talk. Lol....the company spent RM 90 million for new machinery in last 6 months. Double digits growth is on track while fulfilling 3.5 billion orders secured.

It depends how far you want to see its future potential. I believe double digit revenue growth will be kicking in 1st Qtr 2018. Right now, I just close my eyes...ignoring temporary up and down of the share prices.

The results was somewhat out of market expectation after delivering a stagnant EPS. In fact, the company has delivered higher PBT 2.4m compared to corresponding quarter of the preceding year. PAT remained was due to higher tax incurred 3.5m. Bear in mind, No additional revenue is generated from the new plant since the new machinery has not started putting into operation. On top of that, reinvestment allowance of new machines is not recognized until now. I would expect the company would enjoy much lower taxation as tax incentive kicking in. Bottom line will be improving starting next quarter given higher margin of the products, reinvestment allowance couple with additional revenue and profit from the new plant. Opportunity to accumulate more at this time....

GP Margin
30 Jun 17 - 19.0m (14.2%)
31 Mar 17 - 27.0m (17.3%)
31 Dec 16 - 21.5m (16.2%)
30 Sep 16 - 15.1m (12.4%)
30 Jun 16 - 15.7m (12.3%)
31 Mar 16 - 23.1m (14.3%)

PBT
30 Jun 17 - 13.2m
31 Mar 17 - 21.4m
31 Dec 16 - 15.2m
30 Sep 16 - 7.9m
30 Jun 16 - 10.8m
31 Mar 16 - 17.9m

Turnover
30 Jun 17 - 133m
31 Mar 17 - 156m
31 Dec 16 - 133m
30 Sep 16 - 122m
30 Jun 16 - 127m
31 Mar 16 - 162m

The company has been doing quite well but the bosses are very cunning....

Good raya greenpau....With the anti dumping duty applying on imported steel product, HiapTek should be able to pay interest to LA holders. Think the investor won't rate it as junk bond anymore given the prospects of steel industry has recovered in Malaysia. We would receive angpau and greenpau every year...Some more, they are going to resume production of Eastern Steel factory as profit margin of steels products are foreseen to stay high in next few years.

If Jaks's Vietnam power plant business is so lucrative then he should find buyers or funds to take over his entire block at good price. I think many out there are keen to grab this opportunity especially IBs. It seems wasting time to promote here with noble intention attract ikan bilis..

Uncle would certainly be the loser if he is unable to work hand in hand with Ang. It's rather difficult for him to dispose his stakes unless he is able to find buyers interested in taking over Jaks... or he himself work with others to make a general offer. lol

Uncle dare to buy Jaks shares closed to 30% stakes. Don't tell us he got no balls to GO when the CEO has refused to take his noble advice. lol

Abangadik. Sama sama. Kau pun beli cheap cheap. Lol

Good interest yield of 6.76% per annum even though at the price of 37 cents. Just keep it and wait for the company to report good QR.

0000. LA holders are entitled to 5% interest on LA nominal value 50 cents. The company pays interest to the LA holders twice a year. Interest payment is 1.25% (1.25 cents) per unit for each time to be payable on 23 Jun and 23 Dec

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5428697

It seems log production of Jtiasa for 2nd Qtr 17 would be much lesser than 1st Qtr 17. Not sure how it would impact its financial performance.

You would know better of Jtiasa if you make a comparison with its closest peer TAAN. There are many better run plantation players offering high growth in FFB production ie SOP, Umecca, Inno.....

I guess some in i3 hit more than 100% returns in their portfolio for past 12 months. It's still not too difficult during bull run but expecting 10% each month continuously is rather superstitious.

It's so simple.... dumb dumb do homework and dumb dumb making money follow by dumb dumb enjoying life. lolz

'demand will soften because of ramadhan' Same reason given to protect their backside. Last year, Ramadan was started in early June 16 and yet the company is able to make profit RM 10.7 million. This year, the growth comes from capacity increased by 12% and Forex gain from RM strengthening so.... you imagine yourself la.

I would say it's a very serious silly mistake without doing a thorough deligence.....relyin on business sense to punt big.... no nono.

Charles Bro knows his XQ episodes very well..so much stories. He should have engaged a private investigator (PI) to check XQ factory before investing such a big amount. It doesn't cost a lot of money. Don't know whether he engage PI to check Jaks or not...you may need a PI in Vietnam to keep track the progress of the power plant construction closely... lolz

Don't be surprised when the old fox shouts buying MAsteel while construction activities are heating up. lol

There are more 15 steel and building materials companies doing extremely well in the past few quarters. Why did the superinvestor purposely mention AyS and MAsteel? Old fox is a smart businessman... he won't simply talk nonsense not supporting his hidden agenda.

Charles Bro, old man seems trying to sway from living behind OTB shadow...He doesn't need more money but he is deeply craving recognition to satisfy his high egoism. lol

Their external auditor tak boleh pakai one..They just wanted to earn audit fees. Big 4 cock sure dare not take the challenge to become XQ auditor. lol.

Bank balance verification.... just a piece of paper and it's so easy to fabricate in China. This kind of common business sense also not equipped... how to survive in stock market.

Ahjib is seen more favor to hold GE next year. It's going to be high period in next 3 months for construction of big projects. Don't tell me that our PM will be stupid until to let the projects starting to kick off next year. Wakaka.

77huat77. Exactly. You can even counter check with those construction companies turnovers have been recovering for the past few quarters ie. IJM, Kerjaya, Mitra, Pesona, GBGaqrs, Ekovest.....

I don't have a crystal ball nor having a famous tukang tilik helping me to make a projection in near future. What I know is the hard fact that piling companies revenue has been recovering since 9 months ago. Ptaras's turnover increased by more than 70% in the past few quarters. Econbhd's revenue have reported an increase over 30% over the last 2 quarters. Is it construction activities gradually recovering after hitting the lowest 12 months ago?

Lucky to choose JHM.
I got to stay far a bit of the market so as to see a clearer picture. Lol. There's some limitation in relying on homework....The more we live in the present the better we are in managing our fear and greed ....we can guess events happening correctly more often in the near future even though things change constantly...cause share market is part of the psychological game. Wakaka

Let those smart trader to sell the shares at PER 6x . I am just sitting here dumb dumb watching.

Profit triple but share price dropped 10%. Government servant are going to bankrupt soon? wakaka

Collect more tickets. BB has taken this opportunity to squeeze margin players.

Which finance counter can offer PER below 7.5x...Don't tell me buy only when the company has announced good dividends. Lol

abangadik. I sapu yesterday. Will top up more when the price go lower. Let those dividends players off load their shares before resuming heading north.

Cabut when the share price is overhyped. Where to find more undervalued stock with growth potential in near future like Leonfb. lol

QR announcement is slightly late. Better let people sell before the announcement rather than later. lol

Nil growth until they put their new factory into operation in next 6 months.

Good profit but top line growth is dented. sigh!

Prepare to sailang for this PER 7.5x counter. Waiting investors to reshuffle their portfolio a after QR announcement period before they pump more funds into Rcecap once the urge of undervalued is emerged.

Miti is investigating anti dumping cold rolled stainless coil imported from overseas. It could be a catalyst to CRC producers if the government imposes anti dumping duty.

Yeah. Economy headwinds ahead....Malaysia government would go bankrupt soon. Better run for life and invest overseas. lolz

Construction activities has been picking up for the past few quarters judging from the surged in turnover of piling companies ie Econbhd & Ptaras. Rebar producers are expected to do well in the next few quarters.

It's an opportunity to collect more since the company share exchanged at PER 7.5x and ROE 13% even though DY is low.

Price tumbled is within expectation given lackluster QR.

The short term traders have really put in very high expectation on this counter.

Top up more at this low price. Dividend investors are offloading their shares.

TP500. TeoSeng has not started putting its feedmill factory in operation. Expect to be ready in next few months.

Abangadik. You know la. I am conservative type. I put a lower figure to cover by backside just in case. lol

probability. I am not really sure whether they have done that or not...Inventory shot up by almost 80% comparing with Qtr 31Dec16.

Posted by probability > May 26, 2017 10:26 PM | Report Abuse

they could have put some overtime earlier...its not like you have 2 weekk CNY break. Can't they accumulate and stock their products and then sell in one go?

I am expecting USD against RM to slide below 4.2 by 30 Jun 17. lol