The Group is expected to deal with cost challenges as most of its raw materials are imported.

Prospect:
With the recent steep hike in excise duty for locally bottled alcohol products,the alcohol industry is facing uncertainty in the future market demand for their finished products
Further,the Ringgit Malaysia remains violatile and weak against US dollars.

Resins division turnover dropped by 5.4% mainly due to a drop in average selling price and cessation of the manufacturing operation of a subsidiary company as announced previously.Profit before tax for manufacturing segment increased by RM0.63 million contributed from resins division mainly due to lower average raw material cost.
Investment segment: profit before tax was higher mainly due to the unrealized foreign exchange gain of RM4.75 million recognized in the current quarter as compared to a reversal of an unrealized foreign exchange gain of RM0.83 million in the previous corresponding period

Review of Performance
Second quarter of FY2017 compare with Second quarter of FY2016
The Group recorded a lower of RM26.86 million as compared to RM36.65 million in the sme quarter last year.Profit before tax at RM10.74 million which was higher against RM3.83 million in the previous corresponding quarter
The performance of the operation business is as followers:
Manufacturing segment: Turnover for the quarter was lower at RM25.71 million in compared to RM35.60 million in the previous corresponding quarter.A new excise duty amendment order 2016 came into effect on 10 October 2016,whereby the excise duty on portable alcohol used in the manufacture of the locally bottles is no longer paid by distilers but levied on the finished products and to be paidby the bottlers.On top of the transfer of excise duty payment from the distilers to the bottlers.the excise duty rate has more than doubled with this new amendment order. In addition,the bottlers were seeking clarification and had to put their bottling operations on hold for approximately twa months before the revision in the standard operating producer of the Royal Malaysian Customs Department was issued.This has affected the sales of potable alcohol by the Group for twa-months period.Subsequently,the bottlers resume normal operations as at 31DEC 2016 but at a lower production level as they go through market adjustment period.This directly resulted in the droup for the ethanol division turnover by 55% and decrease in sales turnover by 23.2%

RSI(14 days);Relative Strength Index hit to 82.75% considered overbought

Harryteo,he is the liar
Pls do not trust him too much

Nothing worth to chase at current price of 0.39

Net tangible assets worth only 0.17
PE;negative
EPS: also negative

price to book value :2.35 times
Too expensive than Genting
Genting Price to book value less than 1 time

Sell all .... Ifca may goes down below 30 cents soon

Take profit,may drop to 0.34 for the next few days

Keep on selling before hit to limit down

Limit down very soon

Keep on selling

I have told before do not challenge with big sharks
Sell now still not too late
may limit down any time

Sell ! Sell! Sell!
Take good profit and celebrate CNY

Do not challenge with the big sharks
Sell all quickly or you will be regreted

Do not waste time
sell all ,it may hit limit down any time

A large number of buyer and seller que to buy and sell,definitely all belongs to the same group of syndicates

Warren Buffet never ask investors to buy share with negative earning per share and negative PEratio

The big sharks create big volume to attract retailers to jump into their mouth and they swallow into their stomach

Buyer and seller belong to the same gangs and same groups
Big sharks they themselves try very hard to distribute their stocks as fast as they can

NTA worth only 0.17
Negative PE and Negative earning per share
Nothing at this current price of 0.40
Severely over value

Big sharks has started distribute their stock to celebrate CNY

Don't wait keep on selling
The big sharks will swallow your whole body if you sell too late

The games is over a
May drop further down to 0.20

confirm 100% dropping
Pls don'nt chase,let it free fall

Sell and take good profits before hit to limit down

Keep on selling

Sell all as fast as possible

100% profit taking today

IFCA request Bursa don't disturb them and their shares will keep on up and up, no matter how many times Bursa release for UMA

Last chance to escape before dumpling down by big sharks anytime from now

Take quick profits before it hit down heavily

Over bought and over value
Nothing worth at 0.52,profit taking may happen any times from now

Sell fast before you loose all your investment for this shit counter

Default payment and very thick face asking money again from shareholders

Sell all before announce PN17

Very soon to announce for corporate restructuring and become PN17

First rights 0.35 per share
Second rights 0.14 per share
Third rights?
I think 0.01 nobody willing to subscribe

Proposed capital reduction and right issues
Shit company to ask money from all shareholders again

Keep on selling for this hopeless counter

Sure become PN17 very soon

Default payment again and again
Sell as fast as you can
It may become PN17

Take quick profit as fast as you can

Description: Sumatec Resources Berhad
1) Proposed Par Value Reduction
2) Proposed Rights issue with Warrants
3) Proposed IASC; And
5) Proposed Amendment
This is the third times the company asking money from shareholders again and again
Do you like it?

Sumatec cash and bank balances only hold RM1.533 million and deposit with licensed bank only RM230 thousand as at 30 sept 2016
Very weak in cash flow

Sumatec non-current assets for trade and other receivables RM 247.919 million
Current assets trade and other receivables RM188.082 million
Very high trade receivables.Very high risk to invest this type of company

Sumatec accumulated losses stood at RM140.395 million as at 30 September 2016

Sumatec wishes to inform that Bank Pembangunan Malaysia Berhad had on 21 DEC 2016 through its lawyer Josep& Partners submitted to the Kuala Lumpur High Court of Claims to the owner of SEMUA MUTIARA and SEMUA MUHIHHBAH.
The Kuala Lumpur High Court had fixed the case management on 19 January 2017

Description: Sumatec Resources Berhad
Default in Payment Pursuant to Paragraph 9.19A of Bursa Malaysia Securities Berhad's main market listing requirement