Disposal gain but single cents also not reward to shareholders.
15.8m sales, 5.5m print down borrowing and remaining for working capital

Good luck, Satha..
Company’s cost management and pricing power not that strong… I hope next quarter result won’t disappoint you..

Sometimes people said don’t fall in love with certain stocks especially things turn to not what we expect..
looks at Power Root, Dutch lady etc, still profit but drop for few years because or decreased earning

Bye bye pensoni..
1% profit margin now is a big no no…
See you when recover profit, earning highly fluctuation..

Any further increased cost then next quarter suffer loss no matter how high revenue is..

@sincerestock, share price not driving by revenue but consistent earning, profit margin etc.. Pensonic margin is too thin, if cost management mis-match then easily suffer loss..
So I believe valuation below PE 10 because of margin, growth prospect and target market is middle to low income, so not so easy to pass over all increased cost compare to other premium brands…

I do hold some warrants so hopefully coming quarter bolstered by flood events and recent increased ASP .

Just my 2 cents.. cheers

Pensonic has to prove sustainable and predictable earning to support its fundamental valuation, historical earning show high fluctuation

Bought again son at 0.08, mother price still solid even though other peers already broke their support (Panamy, Khind

Catch the son at 0.08, recent earning should be consistent between 3m - 5m.. prepare few more bullets in batches to catch the knife…

Increased cost (shipping, production etc) is the concerns even revenue increased.

However, after CNY Harvey Norman and other peers will increase their price. I believe Pensoni will follow the same to pass over increased cost to consumer

Has to prove consistent earning then market only mark the right price..

don't think coming QR Result suffer loss.
MCO still getting profit and coming quarter MCO already lifted, profit should be around MYR 4 -5m
if result below expectation then gotta look for other counters.....

Buy queue is weak and high price spread , market crash will cause another round of panic selling..
no buy queue to support the price

*will drop further ,

Shoot in few batches. Most likely will support further, can’t see any support at this moment but price considers attractive now

I just park 0.13 today..
This counter still find its bottom support and should take quite a long time for consolidation 1st
So long QR with consistent earning market will give the right price in long term

Break few supports all the way down, be careful not catching falling knife.. better wait consolidate and well absorb selling pressure 1st

break below 06 then GG, good luck

Macam 2nd leg dah dapat, standing well above 20MA.
BB going to squeeze, awaiting next catalyst to push further..

So fast testing support 0.65-0.63, falling knife …

Glove counters last week break lower low and icream not follow

Drop below 200MA, forming lower low, testing support 0.65 - 0.63

Forming higher low, price retract with low volume is good sign..
Icream sedang cari second leg...

when the time they disposing via DBT followed by some news on media
Considering the free float is very light (Less than 10%), operator can easily manipulate to push up once accumulate enough shares...

Fundamental can't work well on this counter because of light free float, ease of manipulation..

I don't hold this counter but something interesting observe from the chart....

sure will goreng another round...
It was just coincidence News on The Edge, Star etc promoting this counter right after warrant & share disposing.
soon will see FB course seller publish post to attract people
It's just matter of time how soon operator goreng it up & we retailers gotta ru faster before operator dumping again.

Congraz holders here..

Margin increase further compared to preceding quarter.. seems like profit still not reach its peak yet, I think it’s due to more spot orders leveling up it’s ASP..

But bear in mind Mr Wong mentioned during AGM that price will return normalcy but future business prospects still intact and good..

Make your own judgment

Keep till Budget 22 announce in next week.
definitely there will be incentive for affordable home & home
Lagenda is leading affordable home player which is direct beneficiary.

Furthermore, hot money in property sector now..
Big Cap Players are overbought, theme rotating to mid cap player..

Today news in the edge, operator start promoting…
this counter need to run faster than operator if engine start

30 Substantial Shareholding holding more than 89%, free float only 9.18%.
Easy to manipulate goereng up and dump the share offloading to retailers.

29-Sep-21 Warrant 50m@0.11 MYR5.5m Off Market Transaction
12-Oct-21 Share 4.5m@0.466 MYR2.1m | 25% Volume (17.99m)
Total Dispose: MYR 7.6m

Last time they dispose via Off Market Transaction, then will be few days goreng then dump in one day, very cruel. Those chase high retailers kene trapped.
Operator Warrant Cost is cheap...

Big Cap Player (Ecoworld & SP) already breaking New High
When Lagenda gotta wake up and break up

@Steve Ooi, you mean MCO Pensoni still manage to get profit even the chain store closed...
it's good to hear that...

FY 21 & FY20 the 30 Shareholding nothing much changes.
Hardly see any New Substantial Shareholder emerged as of Aug 21..
Still the same family owners hold tight tight...
Gotta be patience to wait and wait....

@kinuxian Im on the same boat and do believe TSSM should be able to privatize MMC like what he did last time privatized Bernas and Tradewinds with blessing from government fund
TSSM has good experience in privatization…

The fact is local institutions net seller last week where I thought was retailer panic selling caused it.. turns out retailers are the net buyer…

Hopefully no private fund object it and all got 20% earning finger cross~~

@valueinvesting the weekly fund flow report from securities research CIMB, MIDF got publish weekly, not sure other research bodies

AGM summary of some points

1. Demand, Supply & Prospect and Orders Book
- Tight supply and demand for former is high
- Management mentioned former pricing in long term will be "normalized"
Does it mean the profit margin will return to Pre-Pandemic Level around 10% ++?
I've asking quite a few questions about ASP but management didn't reveal it much !!!
- Healthy recurring orders book, so far no order cancellation from customer at this stage as some shareholders mentioned some glove companies limit expansion

2. Region Sales - China
- 45% revenue is export sales
- China existing and new players expand production provide opportunities to group former revenue
- They sells formers directly to customer and not going through agent

3.Production Expansion & Production Capacity
- Expect to roll out additional capacity in 1st half 2022
Previously interviewed by Nanyang mentioned should be complete in July 21 but I think MCO cause plant expansion delay
- Current Utilization rate around 60 - 80%

4. Competitor and New Entry Players
- Formers production significantly mainly from existing former players.
- There're bound to have new entrants when demand is strong and there's promising industry prospect

5. Main board listing
- Management mentioned Under consideration but so far we didn't see any application from them to SC yet, I think it might take at least one year to complete if look at with Solarvest case

6. Shariah Compliant status
- In review process of the SC

7. MCO Impact
- Badly impact o manpower allocation & utilization lower business activities and volume
- So guys be mentally prepare for next month QR not that good

8. Dividend
- so long Financial Performance & cashflow are satisfactory, will continue paying dividend

There's lots of questions about ASP, sustainable profit & China revenue, think people might relate it to Glove counters on Sustainable Earning but management didn't reveal much on ASP make it very hard to predict its next QR earning.

The only clue from management is long term price will normalize
Lots of questions answered quite conservative.....

So guys, make your own judgement

Fund flow chart showed that last week Local Institutional was the Net Seller at MYR 45.5m while Retailers are the Net Buyer at MYR 57.5m, insignificant RSS

Hopefully this is not the insider news caused Local Institution selling last week

I think better not averaging price and observe 1st for those not CL

Since Harta, Supermx & Kossan release QR next month if same like TG unexpected tremendously drop in profit, it will follow glove drop as well.

Bear in mind Q3 MCO July & Aug Glove not allow operate, high chance QR profit follow TG.

Now sentimental drive ES-Ceramic like last time Serba case.

Perhaps next week Annual meeting have clear prospect & info from management

Big elephants not dancing this time before Ex-Dividend, sad....

The Report mentioned "Repsol Asset Acquisition is anticipated that the transaction will be completed by the end of calendar year (“CY”) 2021. However, given that the effective date of the Proposed Acquisition is 1 January 2021, all economic benefits and risks from that date will accrue to the Group upon completion of the transaction."

Does it mean that coming Quarter 1 or 2 FY22 will fully include Repsol whole CY21 contribution in just a quarter earning after complete acquisition?

Since part of acquisition fund from Repsol FY21 Cash Flow and I do believe there'll one lump sum Accrued Earning incorporate in just a quarter earning after complete acquisition if my understanding correct.

Time will prove whether it's a hidden gem or trash..

Annual GM in coming next 2 weeks, can ask management the prospect of Hand Former ASP and Progress & Timeline of its New Plant Expansion then roughly will know Q1 results..

If Hand Former ASP not drop drastically like glove, sustainable earning will surely attract lots of investor interest...

Associate Poultry business DTSB still in loss making

Company made profit guarantee with Tysan if DTSB EABIT FY21 less than 54m, Profit Guarantee to Tyson MYR15m which is almost a Quarter Profit

Foresee high chance Poultry business suffer loss in FY21 since all Peers are suffering now also with high corn feed cost and MCO restricted Restaurant/Hotel business

Management mentioned Repsol Asset acquisition expect to complete by CY2021.
So the Segment result from Repsol will show in 2nd Half 2021 coming QR or next year?

Because some analyst informed Repsol result only included in FY22 2nd half....

Most of packaging counters surged due to good results.
Management mentioned the Myanmar operation condition getting better in Apr 21

if company able to increase product ASP like its peers with improved Myanmar Operation means worst is over?

MCO not affected much in local operation, considered it's essential industry.

@emailpete, I would say most of Warrant already converted to mother shares and now only left 177m Warrant as per Annual Report mentioned as of 12 Aug 21 which is about 35% dilution only.

The slight dilution is more than enough off set by upcoming new plant A production expansion at Chemor, Perak.
It should be completed Construction in July 2021 ad gotta further check with management during coming GM. With Immediate New Plant Production Contribution in next 2 quarters, the earning should be marvelous.

The potential risk is ASP of Hand Former as management did mention the spot order is few times higher than log term contract which we don't know its Sales Mixed Ratio and Spot ASP info.