GCB-WB so much cheaper than mother share?

Thanks a lot for the clarification 888next!

Sorry 888next I am a little bit confused. Just want to know how do you get Operations Core Profit After Tax of RM5.2 mil?

This is because if we deduct Operating Expenses of RM11.8 mil from the Gross Profit of RM14.7 mil, the core profit before tax is only around RM2.9 mil (excluding BIL which is recorded under Other Operating Income). So if we include taxes, the final Core Profit After Tax should be less than RM2.9 mil?

Correct me if I am wrong. Thank you!


888next Q1 results PAT RM14.2 mil can be broken down into:

1) Insurance BIL claim RM9 mil after tax

2) Operations RM5.2 mil after tax

We still picked up relocation costs in Oct and Nov. The EMS could be better.

Project Nixon (EMS codename) we need 600k pieces of aluminium tubing for vacuum cleaners worth RM4.5 mil sales per month from June 2020 onwards. We need RM6 mil capex to build anodising line and extrusion lines.

Many other projects coming onstreamline in H2.

Project Stingray (Extrusion solutions codename) is a major expansion of the extrusion business from 200 tons per month capacity to 1000 tons capacity and billet furnace for upstream recovery of aluminium leftovers. Mainly for external customers.
We expect RM10 to 12 mil sales contribution from Stingray in FY2021.

We are transforming the group into an aluminium total solutions company more than precision machining or fabrication but complete integration in 3 years time.

If you are a short term term investor then you may be missing out on the longer longer term prospects.

But always caveat emptor ie do your own analysis and risk assessment.

Notion is on a hyper growth phase. But the global markets look unsteady so be careful.

My cimb itrade is showing conversion ratio of 20:1 for its PA. Can anyone verify if this is correct?

This looks like a hidden gem. Has a good balance sheet and cashflow with high eps for latest QR.

Directors disposed with so high volume but price still green at closing? Maybe a new substantial shareholder mopping up their shares in the open market?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5941321

Is this good or bad?

WB limit up!!!

Yeah limit up!

Ya the HSR cancellation should have already been reflected in the price. But then now...

http://www.sinarharian.com.my/mobile/nasional/pembatalan-ecrl-sser-belum-muktamad-1.871463

https://www.thestar.com.my/news/nation/2018/08/11/goahead-likely-for-penang-lrt-state-govt-expects-to-get-approvals-from-doe-and-transport-ministry-by/

Seems good news for Ideal?

Ya I was also wondering the same thing. Selangor govt pays RM2.55 billion to Splash, but gets to offset the RM4.7 billion debt owed to Splash. So technically, the deal does not look favourable to Splash at all?

Posted by Ron90 > Aug 3, 2018 09:04 PM | Report Abuse

state pay 1.9 b first to get control Splash..than after than Syabas pay Splash 4.7 billion..both government of Selangor agencies.

or..it can also, the minute after signing aggrement, use advance payment from Syabas to pay Gamuda and the geng. Federal no need to pay single cent kan. The remaining 650 mil over 9 years, use dividend only ler from Syabas payment more than enough...in fact, splash should pay in full to Gamuda and the geng using Syabas debt.

so, conclusion, no extra money involve in this transaction. The money is already there all this while in the form of hutang at Syabas 4.7 billion which by hook or crook have to pay to Splash.

so..i guess it's true that all these while, the state don want to proceed before, coz they want to preserve that 4.7 b that suppose to be paid to Gamuda and the geng. ..so current Splash owner rugi kaw-kaw that 4.7 billion !!

sad to say, if under bn, Gamudy sure fly to the moon by now

Ron90, so meaning the RM4.7 billion waived will affect KPS?

http://www.theedgemarkets.com/article/pengurusan-air-selangor-offers-rm255b-take-over-splash

"Ron90 kps MC only 1 billion, so..if get cash payment anywhere between $300 - $400 million (30 - 40%) is not durian runtuh, but the whole pokok durian tumbang ler.. if $ 500 mil..than the whole dusun durian u get :-p ...this weekend, eat musang king until mabuk !!

but...

could be a reverse takeover..than everybody die standing ..eat kulit durian only...huhu."

Ron90, may I know what you mean by reverse takeover in this instance?

@ The_Reds & selective_contrarian, Haha ok thanks for the clarification! I was actually confused with the press release and don't understand it lolol

@ selective_contrarian, just another question for the mgo (i am a newbie who got confused reading the announcements). Since the mgo has become unconditional and past the closing date, does that mean the offeror will maintain the listing status of this co? Or is he obligated to take it private? Sorry ya I'm not familair with mgo rules..

@selective_contrarian, Wow ok noted. Thanks a lot for your info sifu! I can see this stock is really super unvervalued.

@selective_contrarian, there is a MGO by Tan Sri Datuk Ooi, is that the reason why the share price remains depressed?

http://malaysiastock.biz/Company-Announcement.aspx?id=1059890

Huaan and Hengyuan look like same operator. Most of the time move in same direction at the same time

Does anyone know if the customers of Linyi Yehua Coking Co Ltd (i.e. steel companies) produce steel more for local consumption or export to US? Or does this US tariff thing even affect Linyi Yehua Coking Co (or Huaan) profit at all?

Ok noted thanks a lot for the info bro Edward!

Posted by edward123 > Mar 2, 2018 11:24 AM | Report Abuse

Dear All, court case issues have been provided thru the quarter provisions by the account department, therefore lose will have no impact but will if win will be positive to the overall financial status.

Thanks for the input Edward! But I noticed the Provisions in the Balance Sheet of the latest QR is only RM19.9 mil. Might not be enough to cover the EUR35 mil case (in case they lose)?

Vivian Hee what ssteel will bear if lost the court case?

Yes I am also a bit concerned about the court case, especially the one claimed by Danieli and DMSB amounting to EUR35 million. Does anyone have a clearer picture on the status of this claim?

C34 @ 0.40 still has premium after adjusting for dividend correct?

(Mother (10.42) - Dividend (0.32) - C34 Exercise Price (9.25)) / 2.5 = 0.34 (C34 fair value)

http://donovan-ang.blogspot.my/2018/02/southern-steel-klse-5665-19-february.html?m=1

I see. Thanks a lot for the clarification 陳彥霆!


陳彥霆 fattmoney PARB is selling "certain materials or other goods" to FIRST SOLAR INC. Those should be aluminium materials. I think FIRST SOLAR INC imports and fixed the PV locally in US.

"...First Solar purchase certain materials or other goods from the P. A. Extrusion (M) Sdn. Bhd. for its use in production of solar photovoltaic modules for a contract value of approximately RM600 million."

https://www.thestar.com.my/business/business-news/2018/01/25/malaysia-pv-exporters-to-be-impacted-by-us-tariffs/

Does anyone know if the above news will affect the new contract of PA?

Hengyuan-CH really cheap considering it still has 6 more months to expiry!

Hengyuan-CH really cheap considering it still has 6 more months to expiry!

Hi all! I notice Pmetal-CV has zero buying queue with no volume at all from start of trading until now. Can I know why is this so? Can the market maker deliberately stop creating buying queues because of the huge surge in the mother share at the opening of trade?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5589901

Guys, any idea why the company still says no updates even though deadline is next month? Does the company still plan to maintain its listing status?

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2739

Wow Fong Siling just became one of the top 30 shareholders! (#18)

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1007460

https://www.bloomberg.com/news/articles/2017-09-14/china-s-steel-mills-run-at-full-tilt-as-output-reaches-new-peak

Sorry I'm not familiar with the coal and steel industry. Will the above steel output cut affect Huaan sales?

ken HRC long term loan is in USD. USD drop will be overall gain for HRC.
08/09/2017 09:39

I thought they changed their functional currency to USD? This means they are more of a beneficiary of stronger USD. If you see Note B2 in the latest QR, there was a forex loss of almost RM24 million last QR due to strengthening of MYR.

So I was just wondering how much forex loss would they incur by end of Q3, assuming MYR continues strengthening against USD, notwithstanding the fact that the crack spreads are higher compared to Q2?

MYR has strengthened against USD from about 4.295 at end of June to below 4.20 now. Does anyone have any idea how much will the forex loss be for HY in Q3 assuming it drops below 4.20?

I noticed that there is a one-off gain of RM39.9 million under gain on disposal of PPE in the QR announcement (Note 17). This seems to be related to one-off divestment of service stations (Note 12). If you take this amount out, the EPS seems to be only about 19 sens. Does not seem too good??

Just to add to vinc3362 comments on usage of Brent price on 26 June, if you really want to use 26 June, then it should be compared to 27 March price (26 March is a weekend) to be consistent, which is about USD51. Hence, the difference would still be smaller by USD2 (stock losses would be less).

HY 7.77, index 1777.77, nice number

逍遥子 can I check where do you get the info to confirm that the 45-day shut down is coming from Petron Corp (Philippines) side? Thanks in advance ya!

Seems Petron Philippines has released their media statement, though there is not much details on Malaysian side yet.

http://www.petron.com/web/Media/uploads/08_08_17_-_Media_Release_-_Petron_Posts_P8.2_Billion_Net_Income_for_First_Half_of_2017_._._.pdf

Ok thanks a lot Sifu!

Situ Probability can I check when is the period HY is supposed to close down for the mandatory maintenance? Could not dig out the previous data

Yup sifus like Probability, Jay, Sumato and 逍遥子 have very good knowledge about the industry and are willing to share selflessly and for free. Their comments gave us newbies confidence in holding this stock during this volatile time. Just ignore those empty tins who make loud noises without a concrete basis to backup their claims.

Thank you Probability, Jay and 逍遥子 for the clarification on the crack spreads!

http://nexttrade.blogspot.my/2017/06/refinery-stocks-coming-under-selling.html

Can anyone comment why the blogger above is saying that the crack spread is dropping?

http://nexttrade.blogspot.my/2017/06/refinery-stocks-coming-under-selling.html

Can anyone comment why the blogger above is saying that the crack spread is dropping?

http://www.theedgemarkets.com/article/serba-dinamik-inks-moa-uk-firm-collaborate-mro-services

So quiet here. This stock seems quite undervalued based on its most recent quarterly result