current PE is too high near 30x

Current PE is too high which is 45x

eddie ong wants all of us to keep our personal document, agreement, bank statement, financial statement to his company.. he call it as vault.. walaowei

the superapp is moneyx.. kaw kaw very funny... semua sudah kena

@purebull how about entering degree, master and phd?

Ministry of Finance Incorporated (MOF) via their subsidiary Urusharta Jamaah making a buying spree in SMRT.

1st acquired - 17 Oct 2023 - 3,840,600 unit
2nd acquired - 18 Oct 2023 - 2,872,200 unit
3rd acquired - 19 Oct 2023 - 1,354,100 unit
Total holding = 28,625,000 unit

MOF increase their holding from 24M shares to almost 28M shares. something is really cooking.

Our government - Ministry of Finance Incorporated subsidiary - Urusharta Jamaah is now a third largest shareholder of SMRT which now holding 24 million shares in SMRT.

Urusharta Jamaah is an investment holding and asset management company wholly owned by the Ministry of Finance Incorparated.

This is a sign of institution investor starting to smell money.

Internet of Things (Iot) is the future.

https://www.thestar.com.my/business/business-news/2023/10/20/smrt-to-profit-from-transition-to-iot

0.19 back to ipo price ha ha ha

Hong Leong Investment Bank - Call: BUY
Price Target : 1.38
Upside Potential: +51.65%

SMRT is the sole provider of dual-sim technology for TNB's distribution substations. With only 20.7k or utilization rate of 24.9% of total TNB substations in Peninsular Malaysia that currently using SMRT IoT device and coming to grow.

SMRT has a lot more to install their IoT device to TNB whole Malaysia.

Another hint of SMRT's current IoT project in Indonesia:
1. Private financial sector: ATMI - ATM Operator in Indonesia (Sumatra, Java, Sulavesi) has 5000 ATM machine is on-going install the SMRT IoT.

2. Government monopoly sector: (Indonesian electric power) PLN Perusahaan Listrik Negara: installing SMRT IoT device project same like TNB.

Its never late because even their project for TNB substation utilization rate is only 24.9%.

This is just the beginning.

a lot of cash transfer programme for b40 from budget 2024 announcement affecting emcc.

no gst, you all semua sudah kena

https://www.tnb.com.my/assets/newsclip/09092023a.pdf

-from TNB website (SMRT clients)

A short brief of current Infomina's business:

Current orderbook as at Oct 2023: RM480 million
Current on-going bidding tender book as at Oct 2023: RM500 million

60 current active clients:
1. Malaysia - Kastam, JPN, JPJ, SSM, LHDN Tax, Tabung Haji, BSN Bank, Heitech Padu
2. Thailand - Bangkok Bank Public, Siam Commercial Bank Public
3. Philippine - Philippine National Bank
4. Indonesia - Maybank Indonesia
5. German multinational software corporation - Software AG
6. Singapore - Bank (client did not give consent to disclose their identity)
7. China - direct private clients
8. Hong Kong - direct private clients
9. Japan - direct private clients

PE: 21x
Median PE for peers in the same sector: 34x
Annual growth rate: 35% to 45% CAGR

dear tan sri chairman, nothing going to change until u settle and clear the air of siltera status. u can create or launch any superapp u want but market shows not interested at all.

all is rubbish until u solve the siltera's dispute.

On 8th Sep 2023, Skyworld bought a land in Vietnam. After that announcement you can see market react on the Skyworld stock price till today.

In addition, go youtube.com - type "vietnam property collapse" or type "vietnam property crisis 2023" at google.com and click news section

Price action discount everything means all the information is already reflected in the stock price. Do not catch a falling knife. Do not against the market.

you all really treat emcc like casino. all seems very excited and kiasu2 one.

Bursa de casino activation mode! Emcc all in

Haha i can see you all is too excited

All very excited here. very kaw kaw one.

Mynews Sell Call from Kenanga Investment Bank
Price Target: 0.31 cent

@jinchan correct and absolutely agreed with you

@happigolucky after you comment, market shows oppositely.

@sabaton666 cut loss and move on. everyday we have an opportunity.

@investopology in healthy uptrend stock, after big volume came in, it is better to have a retracement before the stock continue back the uptrend.

@Ethan Invest Price action discount everything means all the information is already reflected in the stock price. Do not against the market.

BIMB's Analyst - Sell Call: PMB Technology
Price Target: RM1.11

Global silicon metal prices remained on a downward trend in Q2 2023, down on
average by 30% from the beginning of the year, amidst persistent weakness in
demand.

Market conditions are expected to remain challenging as
the demand outlook from the automotive and silicones sectors remain uncertainty and worried.

Current PE: 140x (Price Rm3.17) - too expensive and overvalue

QR profit decline significantly sharp:
1. QR Feb 2021 - RM107m
2. QR May 2022 - RM54m
3. QR Aug 2022 - RM35m
4. QR Nov 2022 - RM18m
5. QR Feb 2023 - RM10m
6. QR May 2023 - RM9m
7. QR Aug 2023 - RM2m
8. QR Nov 2023 - (hundred thousand amount? you do the math)

Inventory increasing:
1. Q4 22 - 270m
2. Q1 23 - 354m
4. Q2 23 - 447m
product in inventory exceeds the projected consumer demand result remains unsold and effect of quality degradation, involving cost to manage high inventory, working capital being tied.

Cash & Equivalents in current asset is decreasing:
1. Q4 22 - 127m
2. Q1 23 - 104m
4. Q2 23 - 71m

Cash Flow is negative and getting bigger:
1. Q1 2023 (-15m)
2. Q2 2023 (-82m)

Free Cash Flow is negative, business has more outflow than inflow which is company is losing money:
1. Q1 2023 (-77m)
2. Q2 2023 (-163m)
Company clearly not generated enough revenue to cover the costs

ROE
1. ROE
-Q4 2022: 14%
-Q1 2023: 8%
-Q2 2023: 4%

ROIC:
-Q4 2022: 11%
-Q1 2023: 6%
-Q2 2023: 3%

Net Margin:
-Q4 2022: 3%
-Q1 2023: 2%
-Q2 2023: 0.9%

Current quick ratio: 0.50 - company indicate liquidity not have enough money to meet its short-term liabilities.

Asset turnover ratio: before is 1.26, now decreaing to 0.60 - a sign of low utilization rate of their factory and plant.

Price action discount everything means all the information about a company is already reflected in the stock price. Do not against the market. Do not think to accumulate. PE is 140x.

go youtube.com - type "vietnam property collapse"

type "vietnam property crisis 2023" at google and click news section

@VIinvestor maybe he is waiting a significant dispose to collect at cheaper price :)

Never against the market. dont listen to half-cooked opinion.

Price action discount everything means all the information about a company is already reflected in the stock price.

Don't catch a falling knife.

you all semua sudah kena

Negative bomb for next QR? I dont think you read their last QR for their IoT business :)

@fregend HPPHB is different business product than L&P. HPPHB is doin corrugated and non-corrugated packaging. While L&P is a specialist in wooden industrial packing for boxes and crates.

The same peers for HPPHB are Master, Kym, Dss, etc etc. There is no peers to compare for L&P in Bursa.

L&P is for long term not for scalping or buy today sell tomorrow.

@rocky77 ur forecast on next qr is positive bomb or negative bomb?

@Oppenhermes is correct. Samaiden and Solarvest prices are considered expensive compared to Sunview.

1. even 0.19 cent is still an expensive price, considering geotechnical instrumentation and testing industry is a low grow industry.

their industry carg Malaysia for 2017 – 2021: -ve%
their industry carg for Singapore for 2017 – 2021: 5%

2. last 4 years revenue also did not grow much

3. directors & key management remuneration is too high almost 24% of gross profit. industry in general remeneration is better around 10% of gross profit.

4. what they can offer is only WiNA platform and their expansion to Singapore is nothing new

@resolution666 agreed, back to its true value

@newbie9893 this week already end. TQ

For those who wonder about SMRT and their bigger picture for company future, type this topic on youtube.com -

"Biggest opportunity I missed in 2023 | SMRT Holdings Berhad"

@growthcapitalist agreed with you, some how its quite challenging to hold long term in KLSE.

@fregend already cut loss? Its a long journey man. Relax and chill

Guys dont wait until news come out. Sediakan payung sebelum hujang. Better be safe than sorry.

Anyway, sign appear - three black crows. 4 consecutive red candles in a row. be careful.

@pantor after your comment. edelteq go down. market is not following you.

HR minister V Sivakumar vows probe into unethical labour practices by First Solar's Malaysian contractors.

First Solar contractors in Malaysia had subjected migrant workers to unethical recruitment practices, including "the payment of recruitment fees in their home countries, passport retention, and the unlawful retention of wages."

First Solar audit reveals forced labor at Malaysia factory -Reuters, world news agency

https://www.reuters.com/business/energy/first-solar-says-audit-found-unethical-labor-practices-malaysia-factory-2023-08-15/

you all semua sudah kena.

@HosayLiu what good prospect are you talking about. read between the lines from analyst report.

TA Target price:
2022 Nov - TA announced: 0.98
2023 Mac - TA announced: 0.89
2023 Aug - TA announced: 0.865

OSK target price:
2023, 1 Mac - OSK announced: 1.04
2023, 30 Mac - OSK announced: 0.87
2023, 15 May - OSK announced: 0.81
2023, 29 May - OSK announced: 0.77
2023, 25 Aug - OSK announced: 0.68

Time to time the analyst downgrade Coraza to graveyard.

with current coraza performance, accumulation only good at 0.50..

Coraza, Eca, Cnergenz are sinking..

no doubt going to drop atleast to rm1.. pe is too high.. no new orderbook.. and they only relying to one single customer that contribute 70% revenue from xiamen only.. could not make any growth because the top 3 owner are too slow...