Shark still pressing price below 50sen to collect. Be patient for that, buying interest is still there, wait for value unlocked.

Guys MHB another oil and gas gem.
Buy before too late.

Relax, that their choice.

YiStock In i3 for almost 7 years...GOD...save them...no eye see..All the old birds out there..how do you feel when see this...

Resist at 69.5sen, once break next level will be 78sen
Depend on your holding power.

KUALA LUMPUR (March 2): Uzma Bhd said its subsidiary Uzma Engineering Sdn Bhd has secured a contract for the provision of platform wells plug and abandonment campaign for Sarawak 2020 from Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd.

Under the RM100 million contract, Uzma will supply integrated plug and abandonment services for related works at two Shell-operated platforms involving five wells.

Works are expected to commence in "April and completed by November this year"

This short term contract is an addition to the company topline for coming 2-3quarters.
revenue atleast 120-140mil/ quarter.

Sounds cashflow plus Petronas reimbursement sum RM 100mil in coming quarters.

So do, I will subscribe renounceable right issue.

ValueMaker78 Thank you DK66

DK66, thanks for your effort.

Not to worry, power plant start commission soon, share price will adjust.

same as MFCB.
Be patient. When MFCB RM2.50 no body want it, but once the power plant start commission, everybody into it.

Some of my friend told me, the property not making money, who care about the property business, It's not big impact to the company also. People buy JAKS is for the power plant, concession revenue.

A lot property company out there perform very well, but no body will buy also.
My son told me property company can do some hanky panky, but ain't JAKS.

it's RM1.06 now, the prominent old man was one time bought it at RM1.60. Mr.Fong was top 30 in JAKS counter as well.

TP RM2.00 in

The price already factor in all bad news.

1.New airport January 20
-Vinci SA own 3 "international" airport in Cambodia, located at different province. Why so worry of the new airport at Kandal Stueng District. The government already mention it 4 years ago, why panic.

"Earlier 2016, government officials unveiled a plan to halt future expansion on Phnom Penh International Airport and build a new airport to serve the capital on land 30 to 40 kilometres outside the city. Construction on the airport was slated to begin by 2020 and take five years to complete."

Eg:-
If your destination is to Melaka(assume Melaka got international Airport), will you travel to KLIA and take bus to Melaka or you will direct take flight to Melaka? As simple as that.

2.Bad Result 28.02.20
Ok la, provision/impairment just an accounting treatment. Not a big issue at all. No impact on cashflow and all.

3.Covid19 March 20
Beyond our control, just treat it as new event and opportunities.

4,Oil price April 20
People worry drop in oil future might affect Favco order book. Alamak, oil price drop from USD100 to USD30 in 2014. But still Favco make pretty profit for 2015,2016, 2017,2018.
I'm sure oil price will slowly comeback.

Oil and gas theme is back.
MHB is a good buy.
1.MHB with existing order book will be busy for at least another 3 years.
2.Cash rich company, with RM0.28/share.
3.Oil price will normalize when COVID19 recover rate increase. est USD 45/brl
4.US will not let their oil producer die, their costs/brl around USD45-50.
This is why Donald Thump ask Saudi and Russia to cut production, but ain't US.
5.Quarter 1 result release, 2 consecutive quarter in green. It shows an improvement, and it's profitable. Unlike PENERGY post a losses of RM20 mil, but share price recover more than 130% from bottom.
6.Without MCO (1803-3103), I believe MHB will perform better.

Ooi=oil

I'm quite disappointed with the figure.
MCO should have benefited krono, but the story line alter.
Even I got some cushion in this long holding counter, anyway wish all think wisely before you throw on monday.

Ooi

Jadi roti canai sekarang.

Give you guys another hint why Dinding can't compete with Leong Hup, CAB and Huat Lai, because of "PRICE". As I mention year or two ago, Dinding poultry product breakeven price is about RM4.20, if the live bird price is below RM4.50 Mflour poultry sector is making losses.
As simple as that.

Steve Ooi

Apr 21, 2020 2:11 AM | Report Abuse

Mflour suffer huge losses from its poultry business, new processing plant is live, depreciation is on, no demand for its product.

Mar 19, 2020 8:00 AM | Report Abuse

The same advice from me, stay away from this counter, coming quarter is worst than previous quarter due to additional capex book in. My feeling tell me so as most company practice to capitalize their asset 1st or 2nd quarter since it's not capitalize in 4th quarter 2019.
15/05/2020 9:41 PM

2.8bil order book
Nett cash RM0.28/share
Turnaround-2 consecutive quarter in green
Good opportunity to collect at this price, buy and hold.
Slow and steady is always better than pump and dumb.
Economy reopen in most of the country, oil future will slowly comeback.

Ooi

We need be patient, slow and steady.
FA good, this company need time to proof the value.
TA looks good, this week should have some pushing, not to worry so much.

wao PE I laugh so loud out there. if can reach PE 30 I make about 550% return man.
Please make this happen, I will treat you guys KFC as supper.

Like that also can like to covid, hmmm.
The share price rally is because Ruberex la.
Just like Ekovest & Iwcity.

Come on baby gem.
Coming or not coming I duno, but something is good.

Before its too late.

CAB prospect
"the management will undertake measures to minimize the adverse impact from
this fallout although the prospect of the Group’s business in the coming months is not expected to be favourable."

CAB poultry business 2.5 time bigger than Dindings poultry, based on last quarter CAB make loss after tax of RM7.8mil, but Dindings incur an operation losses of RM 24.7 mil(this is yet include finance interest).

What do you think if Dindings book in its entire CAPEX coming quarter? What will the bottom line looks like? I'm pretty sure the processing plant are yet to be capitalize as at 4th quarter 2019.

The flour side Malaysia operation achieve very lean profit margin.
Base on the annual report, 2019 PAT all come from Vietnam
(Vietnam profit-Malaysia-Indo=RM43mil).

Better stay away, I was asking people stay away since April 2019 when the price at RM0.80-RM0.82. You can check back my previous comment.

dumb dumb hold, 2 buck is coming.

Thank you DK66, appreciate your effort. Great job, thumb up.
dumb dumb hold

dr investment in jv under balance sheet
cr share of result in jv p&l

my son told me.

Result still red, flour's profit+fair value gain can't cover poultry losses^^ Should question the boss why expanding poultry business.

CFO resigned already also no announcement make?

I like OCK, it move up slowly.
Every single bid I get a new iphone.
Slow and steady yaa.

Even napthan price drop , but the product price drop as well, please check the commodity price.
The problem of this industry is oversupply concern and weak demand especially China.
FYI, the company will undertake "scheduled maintenance for PP3 and creacker 1 btw Feb until early April20. "

buy buy buy
bullish soon, before its too late.

Mflour suffer huge losses from its poultry business, new processing plant is live, depreciation is on, no demand for its product.

Hedge can be lapse, only costs is the premium paid in advance.

Posted by griezmann > Apr 20, 2020 9:52 AM | Report Abuse

imagine if air asia can lock in their fuel cost hedging at WTI Crude < $20...

Everybody know that AirAsia will making losses....we are talking about the future dude.
Share price already factor in, and people start buying now is for the company future 6 month after.
Ordinary investors only look at the pass or current.
Smart fund/investors will only look for future.

Tips
Thai Airline

LMAO old man like me also know what is MFRS 16,
perhaps you go and check what is MFRS16 or IFRS16.
Lease of use asset 12.2 bil
ST Lease Lia (2.1 bil)
LT Lease Lia (10.1 bil)

what a genuine

In company "Aliran Armada" point of view, you got to pay your staff, you got to pay rent, you had spend some spare cash to bought share from open market before MCO, but PM announce 1st phase MCO on 16032020, then 2nd phase MCO on 240302020. and now 3rd phase.
After 24032020 you notice that the company need money to survive for at least another 4 weeks, so you got only 2 option either borrow from bank for working capital, or you will sell some holding? Company will always plan ahead.
As I can tell you OCK will benefit a lot indirectly from NFCP, sooner or later you will know why I say so.

"OCK will stand to benefit directly and indirectly from the NFCP roll out as NFCP prioritises the
provision of sustainable digital infrastructure based on fibre optic networks but will also use
Wireless technologies, so that it will allow more people to have access to Broadband services
in Malaysia. OCK is well positioned with strong capabilities in providing the requirements for
the planned NFCP infrastructure roll out. "

https://www.thestar.com.my/business/business-news/2020/04/12/telcos-working-hard-to-boost-connectivity-mcmc-says

Prospect is good.
Business not much affect during MCO(ask yourself why).

Swift Bina to OCK before it's to late

OMG US manipulated COVID number.
On 19/03/20 only 5k cases
On 21/03.20 become 26k confirmed case.
Blood bath again tmr, happy holiday.

Malaysia also tank all the way to meet the support level at 1,300 index point. If this can't sustain will fall all the way down to 900 point level. Be careful guys, too bad I still have some position on hand.

Reason is they are manufacture, cuontry close down big impact in these company.


tws13282 they sell gloves and mask too and even ventilators why still no one interested in this company ya

The same advice from me, stay away from this counter, coming quarter is worst than previous quarter due to additional capex book in. My feeling tell me so as most company practice to capitalize their asset 1st or 2nd quarter since it's not capitalize in 4th quarter 2019.

Premier Grain Sdn. Bhd. Trading in corn, soybean meal and other feed ingredients 51:49
Vimaflour Ltd Milling and selling wheat fl our together with its allied products 70:30
You can find it at annual report.

Torreira wonder how come the profit attribute to owner company so less this quarter as compare to previous few quarters...it used to 70 : 30, but this quarter like reverse to 30 : 70....

As I said earlier stay away, RM 3mil PAT.
Coming quarter even worst.

According to ambank analyst, the next processing plant start oporate in late 2019, I dont think this info is accurate, base on the depreciation we can know the processing plant not depreciate yet. RM 500mil plant, each quarter additional RM 8-10mil depreciation atleast. Plus the poultry side revenue doesnt show any improvement, the new plant capacity can slaughter 240k bird a day, but no demand also useless.

Huge capex, live bird price plunge, outlook negative.

Agree, then wait for Friday.

Cnlim Very kind hearted man very hard to find in i3forum without any motives?
23/02/2020 1:53 PM

My advice to your guys is to sell mflour tomorrow, disappointed set of result for quarter 4.

good one, top 30 I'm coming.

Don't spread false info to people, karma will hit your ass.
Live bird price falling to RM3.90 from RM4.80, how come process chick price up. Logic please.

I roughly estimate poultry side operation loss wider to RM20mil and flour side profit also around RM18-20mil.

Posted by Alistino G > Feb 6, 2020 9:53 PM | Report Abuse

Simple calculation.
Nov.2019 - Processed chicken - Rm5.50
Feb.2020 - Processed chicken - Rm6.90
Every Kg of chicken is Rm1.40 more as compared to Nov.2019 price.

Then don't buy please, your source should be blind. Revenue from both construction and precision hit new high.



tualp someone told me coming QR result should be very bad....
22/01/2020 6:00 PM

precision-loan-aerospace-guarantee-acquisition

try figure out yourself.

the result in red. flour making money bu can't cover huge losses from poultry, as I mention early on, live bird price above 5, poultry sector cant make profit, how can it make profit when price drop from 5.## to 3.##.

Rgs,
Ooi

Poultry-Operating profit of RM7.5 million, yet to take in interest and fair value, fair value upward RM5.2mil and interest roughly 2-3 mil I pay a guess. So what is the bottom line, it is negative. Price between RM4.10-RM5.60 can't make good profit how about the live bird price fall to RM 3.30 now?

http://www.dvs.gov.my/index.php/pages/view/2157

"The higher margins arising from the improved live birds selling prices".Extract from quarter

Flour side making good profit but it stagnant and couldn't go further otherwise the company inject to huge CAPEX in poultry side. But it seems not a wise move for that.

Profit taking session and short term prospect may not be good.

Angry bird price ride on roller coaster.
Oversupply=Price drop.
Stay away from LHI,CAB, Mflour yaa.

2nd quarter result superb good, lead by Indonesia subsi perform. Unimech is valve manufacture, Danco isn't,they do OEM from china.

Malaysia Project
05 Oct 2018 Double Track Project secure in Oct18 yet to recognize as at 31 Mar 2019, ave revenue/quarter around MYR15mil(Progress claim)

02 Apr 2019 TNB contract ended on 14 Mar 2019, here the contract renewal for another 3 years. (Total contract sum MYR10mil)

Singapore Project
04 Dec 2018 SCADA & RFID System for Tunnel Revenue will recognize in 2nd & 3rd quarter. (Total contract sum MYR14mil)

24 Apr 2019 Replacement of SCADA from SG Public Utilities Board with contract sum MYR60mil(Progress Claim)

9 May 2019. Remote Terminal Maintenance MYR9mil for 3 year.

19 Aug 2019 Commisioning ISSS MYR6mil 2years 5 month.

Above is the lists of one off contract secured by Willowglen recently, plus their recurring maintenance contract. Coming quarter and bottom line will shows some improvement.
QTR 1 19
"Revenue of the Malaysia operations has reduced as many of the projects
on hand are either at the early stage of implementation or end of completion stage where income
recognition from projects is low. "This indirectly refer to TNB & Gemas project".

Plus Willowglen may benefit if RTS continue.