Depeche

0.75 (previous TP )* 0.68/0.87 = 0.5862

0.5862 + new projects + dividend

TP 0.6 - 0.65?

The company is still on a growth path. Nothing to worry about.

21 Prospects for 2017

The Group’s Information Technology business continues to firm up its e-services by broadening its product
range in business-to-business segment to complement the Group’s position in delivering business-togovernment
services.
The award to supply Portable Container Systems (“PCS”) for petroleum products by Petro Teguh (M) Sdn Bhd,
is in line with our plan to pursue opportunistic contracting work in Oil & Gas downstream sector leveraging on
OGPC’s expertise in delivering innovative engineered systems in short-cycle projects. This PCS project augurs
well with our strategy to expand on the Group’s Energy division and further strengthen this business segment
and provide growth moving forward.
Barring any unforeseen circumstances, the Group expects to deliver positive results for the year 2017.

Detailed analysis of the performance for the current quarter and year-to-date
Quarter ended 30 June 2017 compared with quarter ended 30 June 2016

The Group recorded revenue of RM49.1 million in the current quarter and RM47.4 million in the preceding year
corresponding quarter. Included in the preceding year corresponding quarter was one-off revenue of RM17.0
million from the progress billing of “Projek Sistem Kutipan Caj Jalan (“Road Charges-RC”) & Kemasukan
Kenderaan Asing (“Vehicle Entry Permit-VEP”) collectively known as the “VEP&RC Contract” from Ministry of
Transport (“MOT”).
The increase in revenue in current quarter was mainly driven from the consolidation of OGPC’s result, recurring
income from operation & maintenance the VEP & RC system and oilfield drilling services to PETRONAS.
The Group PBT increased twofold to RM13.3 million in current quarter as compared to the preceding year
corresponding quarter of RM6.2 million, excluding the one-off share of pre-acquisition gain of excess fair value
of RM85.3 million resulted from the completion of acquisition in PING Petroleum Limited (“PING”) in the
preceding year corresponding quarter.
The increase in Group’s PBT was contributed by growth in the Group’s B2B & B2G business, new recurring
income from operation and maintenance of the VEP & RC system and share in operational net profit from 30%
associate company, PING.
Year-to-date ended 30 June 2017 compared with year-to-date ended 30 June 2016
The Group recorded RM92.9 million in revenue for the current year-to-date as compared to the preceding year
of RM74.3 million. The 25% higher revenue in the current year-to-date was mainly due to consolidation of
OGPC’s result, new recurring income from operation & maintenance the VEP & RC system, continued growth in
the Group’s B2B & B2G business and oilfield drilling services.
The Group recorded a PBT of RM29.5 million, more than twofold increase in current year-to-date compared to
RM12.5 million, excluding the one-off share of pre-acquisition gain of excess fair value of RM85.3 million
resulted from the completion of acquisition in PING in the preceding year.
The Group’s recurring revenue stream from Information Technology segment and share in operational net profit
from PING have continued to contribute to the Group’s profitability. However the Group’s net profit for current
year-to-date was affected by volatility of the crude oil price and margin compression in Oil & Gas industry.

Single-Tier Interim Dividend of 0.5 sen per ordinary share
http://www.malaysiastock.biz/Company-Announcement.aspx?id=994811

http://www.malaysiastock.biz/Company-Announcement.aspx?id=994805

Ire-tex gets injunction against tomorrow's EGM | http://www.klsescreener.com/v2/news/view/271297

XOX 0.11
Anzo 0.095

RM 0.095 ---------- 0.655x P/BV

Iretex news

Dealer slapped with RM60,000 fine and 10-month suspension for manipulative trading http://www.theedgemarkets.com/article/dealer-slapped-rm60000-fine-and-10month-suspension-manipulative-trading

Asdion news

Dealer slapped with RM60,000 fine and 10-month suspension for manipulative trading http://www.theedgemarkets.com/article/dealer-slapped-rm60000-fine-and-10month-suspension-manipulative-trading

Nexgram news

Dealer slapped with RM60,000 fine and 10-month suspension for manipulative trading http://www.theedgemarkets.com/article/dealer-slapped-rm60000-fine-and-10month-suspension-manipulative-trading

Morgan Stanley: Malaysia domestic demand 'to be sustained' ahead of elections | http://www.klsescreener.com/v2/news/view/271069

Mosiong Wong's forecast has been already very wrong. haha

The next QR announcement is around the corner. Just hold the stock till then.

0.55 tomorrow?

JPJ: Malaysia to implement VEP fee at Thai border
Read more at http://www.thestar.com.my/news/nation/2017/08/21/jpj-malaysia-to-implement-vep-fee-at-thai-border/#ivzLE7c6Ms0m8BSs.99

XOX 0.11 Buy Anzo!

Mlabs' share price up 4.76% after signing MOU with XOX Media http://m.thesundaily.my/node/473170

The stock price is likely to consolidate up to 0.55 before the next QR announcement.

You cannot be a good trader only with a good knowledge. You need wisdom as well as knowledge.

Mispriced stocks exist. Without them we cannot make much profit.

at this point you cannot judge which is inaccurate.

You can take a look at the company's outlook in the upcoming QR announement.

malpac63, did the company's outlook change so much compared to one month ago? ItsTP was 0.75 one month ago.

Industrial output gets boost in July from utilities, but car makers are a drag again

Yet output among manufacturers slipped 0.1%, the third decline in five months. The drop-off largely stemmed from lower production among auto makers whose sales have cooled off. Auto production sank 3.5%.
http://www.marketwatch.com/story/industrial-output-gets-boost-in-july-from-utilities-but-carmakers-are-a-drag-again-2017-08-17

Sharon Chok,

The current price is a 37.3 % discount from a TP of 0.75.
0.525 is a 30 % disount from a TP of 0.75.

I think 0.47 to 0.525 will be a very very safe point for entry even if the coming QR is mediocre.
But I expect it is better than the preious one.

https://www.msn.com/en-ca/news/world/stephen-bannon-out-at-the-white-house-after-turbulent-run/ar-AAqiNc2

Blog: Malaysia Share market news indicates Bullish on Malaysian Equities
https://klse.i3investor.com/servlets/forum/600130331.jsp

I want to tell you that risk-off sentiment has receded.

Gold price has plunged from 1300 to 1284.65.(more than 1%)
https://goldprice.org/

VIX has plunged.
https://www.bloomberg.com/quote/VIX:IND

Trump removed chief strategist Steve Bannon: New York Times

BRENT CRUDE oil price was up 3.31%
https://www.bloomberg.com/quote/CO1:COM

http://www.theedgemarkets.com/article/credit-suisse-sees-ringgit-improve-410-over-next-few-months

Sam Engineering --- bad qr
Unisem ---- medicore qr
Pentamaster --- high valuation
Vitrox --- high valuation
PMI --= medicore qr
JHM --- high valuation

Malaysia surprises with 5.8% GDP growth, may add fuel to early election talk
Read more at http://www.channelnewsasia.com/news/business/malaysia-surprises-with-5-8-gdp-growth-may-add-fuel-to-early-9135012

http://www.channelnewsasia.com/news/business/malaysia-surprises-with-5-8-gdp-growth-may-add-fuel-to-early-9135012

Risk-off sentiment receded.

Gold price has plunged from 1300 to 1284.65.(more than 1%)
https://goldprice.org/

VIX has plunged.
https://www.bloomberg.com/quote/VIX:IND

Trump removed chief strategist Steve Bannon: New York Times

BRENT CRUDE oil price was up 3.31%
https://www.bloomberg.com/quote/CO1:COM

Mlabs Systems to collaborate with XOX on mobile application http://m.thesundaily.my/node/472456

Don't forget to buy Anzo as well. Anzo and XOX are in the same group.

Mlabs teams up with XOX to improve mobile app for Indonesian market http://www.theedgemarkets.com/article/mlabs-teams-xox-improve-mobile-app-indonesian-market

Don't forget to buy Anzo as well. ANZO and XoX belong to the same group.

The oil price has been rebounding nicely.
https://www.bloomberg.com/energy

Vitrox shares slide, faces profit taking risk | http://www.klsescreener.com/v2/news/view/270273

Just wait for the next QR. Use common sense. The TP cannot change dramastically just for one month.

CIMB Research retains Add for DNex, target price 75 sen

Read more at http://www.thestar.com.my/business/business-news/2017/07/07/cimb-research-retains-add-for-dnex-target-price-75-sen/#jmaIgFdB8D0DJJmp.99
18/08/2017 00:11

The market sentiment is just for one day, but the next QR is a result for 3 months.

Fous on the next QR.

Mosiong Wong's thinking is always very binary. Good or bad, buy or sell,...
The real world is not like that. Ignore her advice. It's not realistic.

KLCI seen trading range-bound, immediate hurdle at 1,782 http://www.theedgemarkets.com/article/klci-seen-trading-rangebound-immediate-hurdle-1782

KLCI seen trading range-bound, immediate hurdle at 1,782 | http://www.klsescreener.com/v2/news/view/270027

Focus on the next QR rather than the market sentiment as the release of the next QR is around the corner. The oil price has rebounded.

http://oilprice.com/Energy/Oil-Prices/Oil-Prices-Rise-As-Saudi-Exports-Hit-33-Month-Low.html

The current price is a 36 % discount from a TP of 0.75.
0.525 is a 30 % disount from a TP of 0.75.

I think 0.48 to 0.525 will be a very safe point for entry even if the next QR is mediocre.

just one month old.

It's on a bargain sale now!

Friday, 7 July 2017 | MYT 8:35 AM
CIMB Research retains Add for DNex, target price 75 sen

Read more at http://www.thestar.com.my/business/business-news/2017/07/07/cimb-research-retains-add-for-dnex-target-price-75-sen/#jmaIgFdB8D0DJJmp.99

MPI consolidated so much recently, but the QR was not good.
I'm not sure what will happen to JHM.

Buy Dnex as well.
https://klse.i3investor.com/m/blog/taresearch/127346.jsp

Today Dialog, Hengyuan, Gasmsia, Petronm, Waseong, Huaan, T7Global, UMWONG, ALAM, Somi, MHB, Carimin, Senergy, Icon, Reach, Dayang and Deleum were up. These are oil and gas stocks.