I repeated many times don't expect drastic improvement in profit.
The qtr report clearly show the company require times for profit recoveries, few months new orders production not sufficient to show immediate profit, this is the reality of the business.
Q2 onward for actual entire 2020 production will be better when the new orders obtain sufficient volume of sales.
This round should flush out short terms traders.

By the way what email you use? If not convenient to disclose publicly, any way to drop me a message?

@DK66 can send to you.

@DK66. When I start buying the share, I estimate the power plant earning is about 128 millions medium case and best case 170 millions. Base on this I purchase and hold till now, my mistake is not considering the property business drag so long.
I am more convince when annual meeting Ang mentions 100millions.

I am little amaze that you mentions 300 to 500 millions. Would be looking forward to your next posting.

Agree. There are many newcomers now and then to stock market, well informed investor will make the market more mature.

hopefully most are informed investor not following hearsay.

I am fairly confident that Salutica next 2 years business is on profit recoveries path, I am looking for more clues for profit growth.

Share price is market to decide.

I am not recommending any purchase or sell of this stock.

thanks.

Share price wise depend on horizon, short term traders work with short term up and down of share price which determine by many factors, immediate qtr and expectation are some of those.

Price sometimes also immediate consolidate if profit do not match over excited high hope of profit.

Some long term investor work with long term prospects, stable dividend and visible recurring business to sustain price growth.

1 week, 1 month, 6 month, 1 year, 2 years, 3 years etc horizon suit difference people with difference risk tolerance.

I spend enough years in share market to understand share price do not work with singular factor.

share price and qtr report is difference topic here.

I am pointing out dont hold high hope for immediate qtr to show drastic profit improvement that all.

sorry for the mistake on FY, correction for previous posting FY2019 refer to FY2020 while FY2018 refer to FY2019.

Correction:
I state many times dont expect great q1 result, false expectation disrupt logical assessment.

Last qtr report company did mentions new businesses are progressing, thus FY2020 operation will be of new orders from customer A and other new customers which mean the growth prospect is reasonable.

I am fairly confident to expect better q2 result and overall better 2020 financial year than 2019 financial year.

Since Sony done their own EMS and with bad review and sales of customer A previous product , Salutica profit has been on the downturn.

WIth new orders from customer A and other business orders thus reasonable to expect company now on profit recoveries path and the next main test is the possibility of profit growth which rest on the company R&D effort and the securing of new orders from new customers.

Last report the company did report "The co-development project with the European design house had resulted in the successful launch of the cordless Bluetooth headset. This signifies an important milestone for the Group as it creates positive synergistic effect by working effectively together. Both parties will continue to collaborate to offer more innovative and cutting edge technology via the commercialisation of products to the market."

performance of salutica FY2020 q1 should be compare to FY2019 q1 for performance assessment not previous qtr.
profit peak at 2016 then profit drop till 2019 profit loss, 2020 should be a profit recoveries year and to what extend depend on current customer A orders and new orders from new customers.

There are no perfect company.

I bought mother share at the average of approximate 1.7.
At that time the known facts are Jaks future profit growth is the power plant while property development business is making loss and reduce the profitability of the JRB.
Both these are old news. Nothing new about these news.

The new development is the high possibility power plant will complete and start operation much early than expected schedule thus profit growth is potentially bring earlier to 2020 than original 2021.

The new news for property business is that the management promise to complete pacific star by end of 2019 and exit property development business. This reduce loss and limited JRB business risk substantially.

Check at location and exterior wise the project seem to almost complete pending approval and handover.

Loss making business is limited while future profit growth high potential to happen earlier.
So what does this conclude?

I hold the share for almost 2 years and still waiting for the power plant to materialize.
This seem to be foolish, I dont time market and bought share base on company profit growth.

I am from construction line.
My experience told me that never doubt China state link construction company commitment and competencies. Those laugh at China companies in the old days are proven to be foolish bunch that dont understand realities and still hooked by western media propaganda.

I dont recommend purchase or sell this stock.

If the company clearly show high growth potential then the stock market will rate the company with higher PE. Which sometimes tech company that has clear customer bases and ongoing new business development attract market attention.
The challenge of the stock price growth depend on the company ability to show growth prospect.

I state many times dont expect great q1 result, false expectation disrupt logical assessment.

Last qtr report company did mentions new businesses are progressing, thus FY2019 operation will be of new orders from customer A and other new customers which mean the growth prospect is reasonable.

I am fairly confident to expect better q2 result and overall better 2019 financial year than 2018 financial year.

Since Sony done their own EMS and with bad review and sales of customer A previous product , Salutica profit has been on the downturn.

WIth new orders from customer A and other business orders thus reasonable to expect company now on profit recoveries path and the next main test is the possibility of profit growth which rest on the company R&D effort and the securing of new orders from new customers.

Last report the company did report "The co-development project with the European design house had resulted in the successful launch of the cordless Bluetooth headset. This signifies an important milestone for the Group as it creates positive synergistic effect by working effectively together. Both parties will continue to collaborate to offer more innovative and cutting edge technology via the commercialisation of products to the market."

What is the reason for Star to bring out old news on this case at this point. Is anyone best guess.

Any search to know these are the mouse models?

Salutica next immediate qtr result not likely to be extremely good, the previous qtr result has state their production is underutilized.
Customer A orders are recent sales, if anything significant will be q2 report.

The last major sell by company largest shareholder of 7mil share is an off market deal.
Someone pick up this block of share at 0.506 when market price is 0.56, wonder who did that.
The current price mean a hike of more than 60%.

This recent movement seem to track the USD to MYR strength.
Last few days price drop when USD weaken, then when USD strengthen the price follow.

The comparison with previous 2 qtr reports is not reflective of the seasonal dependent nature of salutica business.
The comparison of next financial year q1 and q2 reports is more proper to be compare with previous financial year q1 and q2 to assess the company business and profit performance.

2019 Nov report announce financial report till end Sept 2019.
If Am report is accurate, only one model start July 2019, with 2 months or less production the profit recognition is limited.
Is too optimistic to expect next immediate quarter report will report substantial hike in profit.

Difference person has difference risk tolerance.
Let patiently wait for the next quarter report for more progress reporting.

record wise APM announce dividend on April and Aug then pay on Jun and Oct.
If APM continue such practice then next dividend payment will be minimum another 6 months.

Are there TA coverage for APM.

I did bought and hold Salutica expecting profit recoveries with one of the reason many new orders going to production. The core strength of the company is the continuous effort of R&D.

I do not recommend any buy or sell for this stock.

Always threat bank related analysis report with cautions because they are not independent.
Fundamental wise I dont think is realistic to expect high hike in profit for immediate next quarter report given the new earbuds and mouse just start mass production less than 6 months.
However the q1 report should show early sign whether there is a real profit recoveries, while the next q1 and q2 should provide better clues of actual company profit recoveries.

Salutica is export oriented company.
Sometimes the share price follow USD strength against RM.

This aminvest analysis a bit short sighted.
Aug 2019 rating is 0.61 fair, within less than 3 months then rating is 1.06.
Is this analysis report toward trading or investment?
Seldom investment call upgrade so drastically of approximate 80% from last call within 3 months.
What would this analysis write after the next company qtr report?

EPF continue selling the share.

Dont why old article is appearing.
US has raise many wars around the world since Korean wars.
US lost Korean wars, however keep making fake heroes movies for decades to spread propaganda that US win the wars.
US, China and many countries suffered due to the trade wars triggered by US. Eventually US will lose the trade war, however many years later US will still sell the propaganda US win the trade wars.

Comparison to Vitrox and Unisem is false due to the facts that the business model and industries are difference.
Unisem business is low technological value added services for testing and assembly while Vitrox is inspection equipments supplier.
Unisem business well being reference to semiconductor industries.
Vitrox dependence on investment of company and production line growth, with current political uncertainty, trade war threat, most business do not invest.
Salutica is one stop consumers electronics technology company.
Recent new product launch and new products manufacturing contract could be possible profit growth.

The company 2016 IPO year profit is the highest then earning drop yearly till now, last report mentions new headset launch and possible new products production.
the next 2 quarters reports are crucial EU and USA holiday orders production report card.
Any sign of profit recovery will be reflected.
Mr Fong is good at identifying recoveries and profit growth companies, his substantial stake increase within 1 year could or could not be action anticipating the company profit recovery.
Salutica has growth potential simply because the company spend resources on R&D.

the company dividend is good with solid fundamental and continuous expansion plan, the potential growth prospects still good.
However when substantial shareholder selling aggressively, will be difficult to predict how much more the share price can drop before bottom out.

DK66 is correct when said some is looking at the tree not the forest and too excited for simple RPT.
The minority parties has no say for the RPT.
This RPT opinion wise is better for JRB so that the profit and revenue recognition is more straight forward in the future.
Those work in KL, PJ would know how lucrative car park business is.
Minimum operating cost, low capex, low maintenance cost, cash payment, consistent real cash flow.

Salutica is a rare small form electronics vertical integrated manufacturers. Not sure how to evaluate such company in Malaysia market since no other similar listed malaysia competitor. There are other odm and oem manufacturers which is more focus on manufacturing.

IDCM is not Ang interest, with last few years lesson learnt from Evolve Mall and Pacific Star, I dont think he will be so naive to let IDCM take advantages of JRB.
No business will be smooth all the way, I think Jaks well being is aligned to Ang fortune.
I dont recommend to buy or sell.
I did not buy or sell post my last purchase before Jaks go all the way to 1.80 then drop to 0.4 follow by rebound to current 0.9.
I am waiting for the power plant to materialize.

Jaks management had made a lousy decision to go into property business at a time that Malaysia has already been on multiple years property bull market.
The property development business timing is a bad call.
The power plant is the future of Jaks.
Jaks current property business risks are mostly known and is not a deal breaker.With the CPECC progress of the power plant, property business is a mere distraction once oc obtained and Jaks management honour the commitment to exit property business.

ICDM
https://www.theedgemarkets.com/article/jaks-buys-51-mnh

"Island Circle Development (M) Sdn Bhd.Island Circle, whose two major shareholders are Chen Cheong Fat (65%) and Rasli Musamah (35%)"

The developer of the project.
Property development is not Jaks core business, the management expand to this business through acquisition.

Thus is shareholders best outcome for Jaks to exited property development asap.

If Jaks management follow their own statement of exiting property development once pacific star complete this year then this segment risk is minimal to earning compare to power plant earning once operational.
The power plan is a belt and road project which CPECC has high priority to complete and ensure the Vietnam government has the power to continue their economic development.
I work in construction line and I witness many projects that done by China company, they are very advance and competent builders that very few can compare.

DK66 the article https://klse.i3investor.com/blogs/Jaks%20resources/228009.jsp is well written.

You estimate the minimum base load output 0.77 which is about 6745.2hrs.
During last AGM not mistaken the project manager mentions the contract has the guarantee minimum purchase of 6500hrs.

During AGM after asked several times Ang only let the finance officer replied with 80 to 100million profit.

The article calculation seem to make senses, wonder whether Ang issue a conservation profit or there are other cost that jaks management take to consideration.

Salutica price recovery seem to be too drastic.
The prospect seem to be better than 2018, next quarter report should show whether profit recovery is back.

Happy birthday DK66, i read most of your posting on Jaks.
These articles are of commendable quality.

Btw, I am one of the not so smart non TA investor that bought Jaks at historical high price with average price of approximate 1.7. between 2017 and 2018.

After that I didnt do anything trading of Jaks, waiting for the power plant to materialize.

The only mistake when I started purchase is that I never seriously look into Jaks property business and underestimate Trump would started the trade war.

https://www.zdnet.com/product/jaybird-vista/
one of Salutica client launch new product that possible cause the excitement.

Not sure whether salutica is the product manufacturer.
I do not recommend any buy or sell on any counter.

The link show digitalnewasia article wrote that sony manufacturer their own bluetooth headset.
last quarter report wrote about new production of product from customer.
Then is likely not sony.
Has to check what new product is this.

For a healthy discussion, please go google some old news and read Salutica annual report and latest quarterly reports to understand the company.

Which are all published public information for those that willing to read.

I do not recommend any buy or sell on any counter.

Dont fingers point and dont personnel attack.
This is forum to discuss topics not a forum to attack anyone.

Salutica odm business is reported in annual report and Sony is a known client of Salutica.
What product and what portion of Sony ODM to Salutica is only known to Sony and Salutica personnel working on what specific product.

When a major client launch new product that may or may not cause some attention to Salutica.
That is one of the possible cause of recent attention on this counter.
This is a topic discuss here.

I dont know exact what is the current active contract between any client with Salutica since there are no public information on this.
There are no intention to mislead anyone.

Perhaps you should do the same by not fingers pointing and mislead anyone here.
Anyone can say I know someone that know someone that know about something, that is speculation.

Salutica is sony ODM. Sony use ODM to design,development and manufacture either entire product or most of the component of a product.
Most of the world manufacturing supply chain operate with such model, seldom a product is manufacture entirely by the brand owner.
Such ODM earning depend on end client product launch.

Sony launch new product debut mid August 2019 https://www.google.com/amp/s/www.whathifi.com/amp/news/sony-launches-wf-1000xm3-true-wireless-earbuds-with-active-noise-cancelling.

During AGM, bod keep on mentioning the PPA is a 650 000 hrs purchase either actual electric production is equal to this or lower the capacity purchase is firm.