@Parksonguy, please be sensitive on what you are commenting......please be more factual. Thanks

Hi Derrick ....are you attending the coming AGM ? Please update us. Thanks

@Chili_Padi, Container issue is no longer an secret and have not been really resolved significantly. Recalled back that LiiHen operations were closed down in Jan and with CNY holiday in Feb, I don't think LiiHen can be performed much financially in its first q results. Although we know shipping cost will not hurt the company bottom-line directly as all of its shipping term are in FOB, but it will affect their factory efficiency I guess. Hope this temporarily weakening could pose a good accumulate in lower price range. But this trend is not for short teem trading strategy. Short term trading (< 6 month) should stay aside and look for better trading opportunities elsewhere

Was told furniture business is very good. Orders all q up to dec loh. Given the current strengthening of USD, we will see another record level for Liihen.

not "heard". It is confirmed to award a big project. Better buy now before too late

If u just want to collect dividend, Matrix is a good counter. But this counter has no grow potential. Don't expect significant capital gain

Few days ago still buy call, now telling people he is so lucky to sold all his share and giving bad sentiment to glove shares. Feel shame of you.

Very informative. Appreciate your effort to combine all the facts into 1 piece. Unlike other bloggers who are just bull and shitting along the way. Thanks !

LiiHen will announce its final year end results soon. Will expect special (or extra) dividend

Fire in its Muar factory

https://www.sinchew.com.my/content/content_2416000.html

Once he "announced" he has started to sell. Time for us to buy

https://www.klsescreener.com/v2/announcements/view/3291137

@Derrick Gan. Thanks. If I interpret correctly, Jorak = Bukit Pasir = Sungai Raya. (why so many names under the same area). There are Poh Huat, LiiHen, TAFI, Spring Art, MBL under this address. LOL

@Derrick Gan I am sure you say in Muar. Are you working in Poh Huat or LiiHen or any furniture company in Muar ? Any COVID news from Poh Huat ? Look quiet too

Any covid cases in Poh Huat?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3118305

http://johor.chinapress.com.my/20210101/%e2%97%a4%e8%82%ba%e7%82%8e%e7%96%ab%e6%83%85%e2%97%a2%e7%97%85%e6%af%92%e5%9c%a8%e5%b7%a5%e5%8e%82%e5%9b%9b%e5%a4%84%e5%bc%80%e8%8a%b1-%e6%9f%945%e5%b7%a5%e5%8e%82%e6%84%9f%e6%9f%93%e7%be%a4/

cannot be just 9 cases They have closed most of their factories now. Wondering why not Bursa announcement on this.

https://www.theedgemarkets.com/article/lii-hens-foreign-worker-dormitory-under-emco-until-jan-5-after-seven-staff-infected

https://www.sinchew.com.my/pad/con/content_2400469.html

I was told many other Muar furniture companies will also affected by COVID now. Don't know about Poh Huat, Spring Art, Wegmans, etc......

Quick similar to TopGlove. Initially, they will be "minimal impact". Once screened, more to come.

LiiHen workers were affected by COVID ! 1 of their factories was closed for 10 days. I think more to come as all workers are scheduled for screening. Will bomb 3 days later. Be careful

@ SongYau9, what do u mean by "1994" ?

When Poh Huat will announce its results ?Any idea?

Its results should be released on 18/12 or 21/12

I attended. Piew....the CFO never answer most of our questions. Merely "standard reply"

Think +ve. It allows you to buy more shares at cheaper price. Or it allows you to reduce opportunity cost by "transferring" some money from other places (or shares) to add on Opensys for greater earnings

Market is always correct....I don't want to add in anymore comment

Kenanga Research said Wong Engineering Corp Bhd’s (Wong) uptrend remains intact as the share price is still hovering above: (a) the 50% Fibonacci retracement level (as measured from its mid-July’s trough to the mid-October’s peak) following the pullback; and (b) the 100-day SMA line.

In a daily technical highlights note today, the research house said when the buying interest resumes, the stock is expected to continue its upward journey by climbing towards our resistance levels of 81 sen (R1; 10% upside potential) and RM0.91 (R2; 24% upside potential).

..........to hit RM0.91 and RM1.00 before its results announcement. Buy before too late !

https://focusmalaysia.my/business/workers-housing-woes-not-easy-to-comply-with-act-446-says-mef/
AME is also provide hostel management to foreign workers. This will benefit AME in long term. My immediate target will be RM3.00, and toward RM3.60 level in 3 months time. Affin has put in a target price of RM2.60 on its report date 25/11. Its valuation is based on 20% discount to its revised NTA of RM3.61. Given its latest news flow of monetize its industrial property /warehouse into industrial REIT, we can now revised its valuation based on its RNTA of RM3.61.
It is not the end at RM3.60 ! Its 2nd half (post MCO) profit margin will be much better than 1st half (during MCO), we expect valuation will be revised upward again then. Target price should be in around RM4.50 based on 12-month valuation.

WONG is another version of UWC. same industry. it is expected to release a fantastic of result soon. Stay tune. https://www.theedgemarkets.com/article/wong-engineering-corps-uptrend-remains-intact-says-kenanga

Given the "enforcement" on foreign workers hostel in TopGlove, I believe AME will benefit from it as they are specialize in hostel management. Many MNC nearby will prefer outsource this "hardedge" to them. In addition to its proposed industrial REIT, more recurring income will be securing in future. Target to hit RM3.00 in near term offer revalue its industrial properties for the REIT exercise

Buy on rumours SELL on facts

Boss selling....beware

No Problem. Lao sai is opportunity for you to buy more (and profit more). Its latest q result is satisfactory. The company continue to enjoy the fruit from the Windows 10 platform upgrade. PBT margin has double to 18%. Although it is not much excited, the company still paying consistent dividend. Traditionally, final quarter always perform better. Stay tune.

https://themalaysianreserve.com/2020/11/20/asean-ministers-set-35-target-on-renewable-energy/

Guys n gals.....coming....buy before the results announcement !

Should Biden win the election, then, it may not good to the furniture (at least in short trrm) because China trade war order diversion may 'reduce' or normalise

@mike555 haha...some of "them" or some of "us" ?

Sorry to those who miss the 60sen .....anyway, still have time to catch up to 65sen level before the flight really take-off

Simple calculation : Based on expected PAT of RM15mil with enlarged share of 440 mil shares, EPS will be 3.4sen. Based on PE of 20x, then TP will be around 70sen. (I have been using the final enlarge number of shares after the 1:2 BI. The weighted average number of share will be much lower). We will expect the PAT will grow at least 10% p.a for next 5 years.
It looks "not sexy" in the short term, but will going to be sexy in a long term.

I can't really quantify a number for this solar system. Let's assume we have 3.2 mil rooftop (total of residential houses in Malaysia) and about 100,000 factories. Only less than 1% installed with solar. This is a huge potential recurrent income in the card. Any expert here can contribute ?

Guys n gals...just give u a rough idea. Opensys sales still come mainly from its CRM / ATM machines replacement / upgrading from banks. this segment contributes 50% of its revenue while 30% from recurring income from business outsourcing n cheque processing and 20% from maintenance services. Just assume an annual sales of RM100mil with PAT margin of 10% (or RM10 mil)
Let's focus on CRM/ATM. We have about 15,000 ATM/CRM, and 5,000 CRM had been replaced by Opensys. Potentially another 8,000 CRM to be replaced by Opensys (assume 80% market share). Given potential value of RM60,000 per unit, it will translate into sales of RM480mil or about 5-year sales ! Les't further assume its takes 5 years to fully replace the CRM, then you will expect OpenSys will general RM10mil per year for next 5 years under this segment alone ! This segment alone already almost equal to its latest full year results. Assuming other segments generate RM5 mil per year (which is very conservative and assume no growth), we would expect Opensyste PAT to hit RM15mil per year or at least 50% from current RM10mil level.
This exclude the solar system. It is a unit business segment where it connects all stackholder together, i.e. from user to suppliers and financier. (nobody does it so far). It consolidate all the process and provide a "hassle; free" experience to user, and generate a win-win situation to supplier / banker.

Of course it is good in long term provided you plan to hold on this stock for long term. Opensys is trying to diversify (or broaden) its activities not just in ATM machines but also into solar industry. We would expect more and more recurring income coming into the book.
However, given current volatile and uncertain market condition, don't expect this will cheer the interest anytime sooner.

Another disappointing day

a bit disappointed did not see the "margin improvement" in the accounts. It also means the there is no increase in pricing, especially from M'sia division. In fact, its margin drop....too bad...Bye

Sit tight and enjoy your popcorn

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100239