Payment service provider GHL Systems Bhd has proposed to raise up to RM86.96m via private placement to third party investors to be identified later. The proceeds raised will be used for working capital purposes. (Financial Daily)

today dvd expired.

FYI.


Today, we feature a note on Wong Engineering Corporation Berhad in our FundTech Radar – 10th Apr 2018. The company is principally engaged in the manufacturing of high precision stamped and turned metal parts and components, complex welded frame structure, related modules and systems, as well as trading, marketing and retailing of industrial and consumer products. In FY17, total revenue was made up of 66% local market vs. 34% export market.


Fundamental Stance

· WONG saw its performance improved and turned profitable from FY16 onwards.

· Its FY17 core PATAMI margin surged to 15% (vs. 0.1% in FY16).

· Net cash position of RM6.7m (7 sen per share) as at 31 Jan 2018.

· Dividend yield of 2.1% for FY17 with a 28.5% dividend payout ratio.

· Final dividend of 2 sen and the ex – dividend date is on 16 Apr 2018

· Mr. Ong Yoong Nyock, the major shareholder, owns indirect stake in Tiong Nam Logistics Holding Bhd.

· The rising cost of raw materials and also foreign currency risk on sales and purchases denominated in USD will be the key factors affecting WONG’s performance.

· May assess and expand its presence into medical devices and other industries to diversify revenue streams and customers base.

· The RM87.5m GDV worth of affordable housing apartments is expected to contribute positively to its future earnings

· Currently trading at a 12-month trailing P/E of 9.1x (8.4x if excludes 7 sen net cash per share), a 35.5% discount as compared to its peers, which are trading at a 12M trailing P/E of 14.1x.


Technical Front

The long-term uptrend is still valid

Resistances: 1.22/1.42/1.64

Supports: 1.00/0.85/0.74

The above information is extracted from CIMB Research Report

Go Wong go!!

https://www.thestar.com.my/business/business-news/2018/04/05/ghl-buys-paysys-for-rm80mil/

https://www.thestar.com.my/business/business-news/2018/04/06/ghl-systems-up-5pc-after-acquisition-announcement/

so confirm is good result? very very good ??

why falling again...

JAG now is so cheap !

It's been quite and down for very long.. it's time to fly JAG !

climbing up~

noob ts wong.. so childish tweet in tweeter LOL!

today 380c close shop...

buy sell

GG alphaJack... run before its too late.

since hot today.... i guess tml will fly too... its penny stock.. super cheap still !!!

well done fatwealthprofit.. u success !!

very good show today..

you sold already thats why not strong !!

today got 0.46 is consider very good ... hope got good show at 4.30pm

suddenly on NOS this counter

high volume is going on right now...

Well maybe someone is spreading bad rumors..

Fundamental Analysis?

wait for it to drop more if you want to buy in... tml morning maybe will drop a lil bit more

break 0.40 today...

if 0.24 also not today... maybe next week...

Funny you bought this counter too? your friend said tp 0.25 this counter??

too many hot stock today..

0.415 coming ...

but brahmal and ts wong since september already joined palette. but last week news only announced.

I hope is good news ^^

Funny any clue on the highest TP for today ?

Who can guarantee ?

any good news from ghl ?