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2017-01-17 10:28 | Report Abuse
There was also a rm3++mil machinery write off.
2017-01-16 08:46 | Report Abuse
Ebitda for 2017 is likely going to be substantially higher than 2016. Owing to
1) higher usd at 4.47 in 2017(so far) to 4.1 in 2016. Top line should grow an additional 8%, majority of expenses r in ringgit.easily an additional rm12-15mil ebitda in 2017
2) 30% increase in automotive another tail wind for revenue, maybe another rm5mil ebitda.
3) significantly lower finance costs due to repayment of facilities.
4) additional tailwind if they r able to partly resolve their inventory issues.
This is an optimistic view. At current market cap of rm190mil+, price to ebitda is not even 3x. This is not taking into account that management is trying to break into other sectors to grow the scope of their cnc machining.
2017-01-16 08:40 | Report Abuse
Once it rise, suddenly everything changes... Lol.. But notion fits the export theme, the business seems to have turned around as well. Let's hope management doesn't screw it up again.
2017-01-12 18:56 | Report Abuse
It's the forex gains that's the game changer.
2017-01-10 11:09 | Report Abuse
Price start to rise everyone say it will keep rising... Personally I think it should be very good. Provided management hedges all revenue at usd myr at rm4.4
2016-12-01 15:39 | Report Abuse
Inventory write off for 3 years straight. I'm wondering if they will ever fix their operational issues.
2016-11-20 03:32 | Report Abuse
Usd myr 4.4. Should be making money hand over fist. But notion has always had a history of nasty surprises
2016-11-11 11:14 | Report Abuse
Ringgit sharp depreciation. Will notion benefit?
2016-03-22 17:37 | Report Abuse
The hedges r all expiring wei. What do u mean stupidI money. Hedges expire at exactly the wrong time
2016-03-12 22:44 | Report Abuse
expired right at the wrong time, management should be re hedging now
2016-03-12 21:54 | Report Abuse
the hedges have already expired, not much remaining, also the latest quarter was 4.20 and not 4.40.
2016-02-20 19:13 | Report Abuse
A little too much excuses. I'll be coming to the annual general meeting
2016-02-14 02:45 | Report Abuse
I am looking more towards their ongoing biz, as well as the ridiculous management compensation scheme they have going on.
2016-02-10 21:44 | Report Abuse
Huat ahh... Notion let me Huat please
2016-02-06 12:38 | Report Abuse
no further progress on increased sales or product lines for their automotive. They used to focus on antidisc for HDD, they can actually diversify to other parts of the HDD
2016-02-06 12:37 | Report Abuse
The management has been nothing short of a major disappointment. I wonder why the quality havent been resolved after 2 years?
2016-01-14 22:30 | Report Abuse
i dont understand, everyone is making so much money. How is it that the directors are selling?
2016-01-09 00:41 | Report Abuse
how do u know their accumulating notion?
2016-01-08 15:31 | Report Abuse
The slr market, so the machines bought were idle. But these machines were used for other products as the year passed by.
2016-01-08 15:30 | Report Abuse
No the fees r not reasonable now, but they were set when the company was making 50m per year. Even then it was high. 2014 was largely due to over expansion from expected orders from slr, but as the market crashed...
2015-12-31 16:14 | Report Abuse
Ehh.. Well at least it's a frank comment :/
2015-12-30 17:32 | Report Abuse
Next quarter hopefully no more reason for them to underperform
2015-12-30 17:10 | Report Abuse
There's another export stock called notion Vtec. The stock hasn't moved because they hedged usd. Last quarter majority of the hedges expired.
2015-12-28 10:10 | Report Abuse
I was reading an article on comcorp talking about how their pe become 3.7 because of forex, 1 week time it went up almost 200%, same story as notion....
2015-11-29 04:06 | Report Abuse
Ugh 45mil hedging loss. Really bang balls. I hope there r no more negative surprises after this.
2015-11-19 22:46 | Report Abuse
21 million due to forex hedging and machinery impairment.
Without these 2 items, profit around 10mil
2015-11-11 17:45 | Report Abuse
still got RM100million worth of hedges.
Also, according to TCF, the camera and HDD not doing well, automotive is robust.
2015-10-29 15:02 | Report Abuse
Hope it starts going up in a meaningful way soon.
2015-10-22 13:11 | Report Abuse
forex la forex. operations just maintain, the profit margin will quintuple.
2015-09-23 08:50 | Report Abuse
Another issue might be, key supplier cancels supply contract due to persistent rejection rates....
2015-08-26 15:42 | Report Abuse
YTD inventory write off RM7million+. I wonder if this will continue to persist, and what management is doing to rectify it...
2015-07-15 14:22 | Report Abuse
@KCGOH1234 the price drop u go in and buy? Please read the latest research report on Pestech.
Blog: (Icon) Notion VTEC - Mr GungHo Forced To Wear A Straitjacket
2017-03-09 16:37 | Report Abuse
Just an update, notion recently crossed above rm1