CTOS, RCE Capital among 33 counters newly classified as shariah-compliant, says SC

ATA IMS slump 30% after Dyson terminates relationship https://www.thestar.com.my/business/business-news/2021/11/25/ata-ims-slump-30-after-dyson-terminates-relationship

https://www.klsescreener.com/v2/news/view/915199

SKP, VS Industries soar after Dyson cuts ties with ATA IMS
Hot Stocks - SKP, VS Industries soar after Dyson cuts ties with ATA IMS https://www.theedgemarkets.com/article/skp-vs-industries-soar-after-dyson-cuts-ties-ata-ims

VS may get more orders from Dyson.

https://www.edgeprop.my/content/1817789/ageson-sues-former-md-director-and-others-over-alleged-scheme-defraud-company

https://www.nst.com.my/business/2021/11/748477/ageson-net-profit-q1-leaps-275pc-rm191mil

https://klse.i3investor.com/blogs/hsb23/2021-11-25-story-h1594642683-All_you_need_to_know_about_AGES_KLSE_7145_financial_report.jsp

The revenue in Trading and Service Division recorded an increase by 29.5% as compared to previous corresponding period. The revenue in Manufacturing Division has increased by 29.8% as compared to previous corresponding period.

Very good

Khind expands lighting products in Middle East
https://www.khaleejtimes.com/business/khind-expands-lighting-products-in-middle-east

Very low PE

The Group recorded revenue of RM145.56 million for the current quarter under review representing an increase of 3.0% over revenue of RM141.25 million of previous corresponding quarter. The Group recorded profit before tax of RM8.07 million for the current quarter under review representing a decrease of 7.8% over profit before tax of RM8.75 million of previous corresponding quarter.

The performance of the business segments for the current period is described as below: 1) Investment Holdings Division Lower dividend income received from subsidiaries has caused this division recorded higher loss for the current period. 2) Trading and Service Division The revenue in Trading and Service Division recorded an increase by 29.5% as compared to previous corresponding period. Local sales increased substantially by 40.0% being the main contributor to the Group’s revenue due to strong demand in the local market. On the other hand, the overseas sales also increased moderately by 11.8% due to improving economic condition outside Malaysia. Hence, the division’s results increased significantly by 77.0% as compared to last corresponding period due to sales improvement and effective cost management. 3) Manufacturing Division The revenue in Manufacturing Division has increased by 29.8% as compared to previous corresponding period which is mainly due to the increase in inter-companies sales and also the contribution from re-export business. The division recorded a lower profit representing a decrease of 16.6% as compared to the previous corresponding period. This is mainly attributed to the declining gross margin as a result of hike in material and freight cost. The Company continues to focus on improving efficiency and productivity.

Ageson sells Perak land to Chinese firm for RM278mil
By Azanis Shahila Aman
October 21, 2021 @ 4:50pm

Companies with red flags always show rosy futures, while Ageson mentions bad things as well as good things.

PROSPECTS The inoculation rate in Malaysia has been encouraging in the second half of 2021, achieving an adult vaccination rate of over 90% in November 2021 as part of the COVID-19 National Immunisation Programme. This has largely been instrumental in reducing the daily COVID-19 cases and as a result helped lifted the Movement Control Order (MCO), allowing a wide range of economic activities to resume in Malaysia. The outlook of 2022 is positive as the Group anticipates positive business sentiments as the country continues to chart its economic recovery on the back of various stimulus packages introduced by the Government. Apart from trading of construction materials, the Group will focus on construction and property development sector. This is evident from the award of a development right to carry out a mixed development project in Daerah Batang Padang, Perak in October 2021 from Menteri Besar Incorporated (Perak) (“MBI Perak”). In the meantime, we continue to intensify our efforts to drive down operating costs and improve operational efficiencies across existing processes. Barring unforeseen circumstances, the Board is cautiously optimistic that the Group will perform satisfactorily in the financial year ending 2022.

Multibagger stock

Tp 1.5

For the current year quarter, the Group achieved a total revenue of RM52.40 million, representing an increase of RM30.90 million or 143.72% as compared to RM21.50 million in the preceding year corresponding quarter. This was mainly due to higher billing recognized from trading of construction material. Ageson Group recorded a profit after taxation of RM11.83 million, representing an increase of RM6.76 million or 133.33% as compared to RM5.07 million in the preceding year corresponding quarter. The increase was due to better operating profit and bargain purchase arising from an acquisition of a company during the financial period under review. The Construction Division was the sole contributor to the Group revenue as Property Development Division was impacted by the extension of Movement Control Order (“MCO”) 3.0 imposed by the Malaysian Government.

Very good QR

Don't compare ARBB to a loss making company.

Suppose the number of the stocks will be double. Then, its PE will be double if the stock price is the same. But even if its PE becomes double, its PE will be very low, so the stock price does not necessarily go down.

The right issue is offset by its very low PE. No problem.

Foreign inflow continues for seventh week with RM66.61mil net purchase https://www.thestar.com.my/business/business-news/2021/11/22/foreign-inflow-continues-for-seventh-week-with-rm6661mil-net-purchase

The institutional buyers that still have shares in ARBB are as follow

Ukay One S/B 3.05%
Miri Capital Management LLC 2.19%
Caravan Capital Management LLC 2.19%
Kenneth Rainin Foundation 1.36%
Aspirasi Puspita S/B 1.27%
Affin Hwan Asset Mgmt Bhd 0.33%

If the KLCI is sluggish for a long time , investors will start thinking only tech stocks are worth relying on.

https://www.klsescreener.com/v2/news/view/911835

The stock price declined from 4.40 to 3.80 recently, so there is no reason for it to go down further.

https://www.theedgemarkets.com/article/formosa-prosonic-3q21-profit-slips-sees-impact-supply-chain-disruptions-rising-commodity

line has been giving all sorts of reasons to buy the stock. That is why the stock has been rebounding.

Its PE should be over 20 because it is a fundamentally good tech stock.

Good QR

The institutional buyers that still have shares in ARBB are as follow

Ukay One S/B 3.05%
Miri Capital Management LLC 2.19%
Caravan Capital Management LLC 2.19%
Kenneth Rainin Foundation 1.36%
Aspirasi Puspita S/B 1.27%
Affin Hwan Asset Mgmt Bhd 0.33%

Very low P/E. Even with a very low net profit in the next QR announcement, the company will still have a very low P/ E. . No need to rush to sell the stock.

https://klse.i3investor.com/blogs/sss/2021-11-18-story-h1593898869.jsp

https://www.theedgemarkets.com/article/cgscimb-inari-amertron-likely-replace-hap-seng-consolidated-klci-constituent

https://www.thestar.com.my/business/business-news/2021/11/17/supermax-3q-net-profit-drops-1912-to-rm63852mil-on-narrowing-profit-margins

KUALA LUMPUR (Nov 17): JP Morgan which has been bearish on the glove sector since last year, has once again slashed its target price (TP) for Top Glove Corp Bhd to RM1.50 — a 67.33% discount from its current price of RM2.51 — while maintaining an “underweight” rating.

In a note, JP Morgan said the market is underestimating the potential impact of the bottoming gloves average selling price (ASP) and the shift in pricing power back to the buyers.

The note also covered Hartalega Holdings Bhd and Kossan Rubber Industries Bhd. JP Morgan gave an “underweight” rating and a fair value of RM4.00 to Hartalega, 36.25% lower than its current price of RM5.45 while Kossan’s rating was “neutral” and its fair value is pegged at RM2.00, down 3.5% from its current price of RM2.07.

Notably, these TPs are similar to the glove makers’ share prices before the global Covid-19 outbreak.

JP Morgan analysts Jeffrey Ng and Sean Teo said the operating margin per unit (OPM) from the latest results briefings from the Malaysian glove makers might fall below pre-Covid-19 levels despite earlier estimates forecasting a better-than-pre-Covid-19 OPM.

“The industry is still finding [its] bottom. Note that glove ASP has dropped from US$115 in Feb-21 to today’s US$28-$30. It is now clear that glove ASP has reverted to a cost-plus basis. Channel checks indicate that current OPM is already nearing pre-Covid-19 margins. But the main question is will margins compress below pre-Covid-19 levels due to intensified competition from China? The risks are tilted toward the downside and the market, in our view, has not fully discounted this risk,” the analysts wrote

17-Nov-2021 Audit Committee Chairman of Audit Committee Resignation - DATO' TING HENG PENG on 08-Dec-2021.
17-Nov-2021 Audit Committee Audit Committee Redesignation - MR ALBERT SAYCHUAN CHEOK on 08-Dec-2021.
17-Nov-2021 Audit Committee Member of Audit Committee Appointment - MISS SUNG FONG FUI on 08-Dec-2021.
17-Nov-2021 Board Member Non Executive Director Redesignation - MR ALBERT SAYCHUAN CHEOK on 08-Dec-2021.
17-Nov-2021 Board Member Independent Director Appointment - MISS SUNG FONG FUI on 08-Dec-2021.
17-Nov-2021 Board Member Executive Chairman Appointment - DATO' SERI THAI KIM SIM on 08-Dec-2021.

Supermax 1Q net profit drops 19.12% to RM638.52mil on narrowing profit margins https://www.thestar.com.my/business/business-news/2021/11/17/supermax-3q-net-profit-drops-1912-to-rm63852mil-on-narrowing-profit-margins

https://www.theedgemarkets.com/article/银河联昌：益纳利美昌或取代合成统一-晋升为综指成分股

It is common for tech companies not to pay any dividends at all. They want to prefer to propel growth without paying any dividends.

RM33.59 mil profit consists of RM21.2 mil negative goodwill.

In addition, its bottomline was also boosted by the increase of negative goodwill of RM21.2mil, which arose from the acquisition of a subsidiary.

ARB told the stock exchange yesterday that its net profit was recorded at RM33.59mil, as compared to RM8.4mil in the previous corresponding quarter.

https://www.thestar.com.my/business/business-news/2021/11/16/arb-earnings-rise-four-fold-in-third-quarter

Even loss making small companies can sustain this price level. No need to rush to sell the stock.

KUALA LUMPUR (Nov 16): ARB Bhd’s share trade volume surged past 60 million on Tuesday from 5.96 million on Monday, while its stock price rose more than 10% after the IT-software developer reported on Monday that third quarter net profit jumped to RM33.59 million from RM8.4 million a year earlier.

What further amazes me is their cash flow!

For a prolonger period of time, the market had been doubting ARBB’s financial performance due to their long cash conversion cycle nature. But little does the investors know, the ERP business model is more of a collaboration model, and the lockdown had hampered their collaboration partner, so there goes the cashflow of the company. But as the company and its associates is experiencing growth now, we could see that the cash flow is flowing back to ARBB, and we could see that the company had RM35.32 million in their war chest for now.

https://klse.i3investor.com/blogs/sss/2021-11-16-story-h1593866291-Important_Updates_on_ARBB_KLSE_7181_3rd_Quarter_Financial_Results.jsp

https://www.nst.com.my/business/2021/11/745872/arbs-q3-net-profit-surges-rm336-million-revenue-stood-rm773mil

https://www.klsescreener.com/v2/news/view/910135

Flash - ARB volume spikes after reporting profit jump https://www.theedgemarkets.com/article/arb-volume-spikes-after-reporting-profit-jump

Wait for the next QR announcement