Share of profit of associate dropped a lot in Other Comprehensive income because of impairment loss in property development segment.

Hit hard by cmco.

Supermax will drift towards RM4.44 post Covid 19.

Kyy will have to write harder.

Emco may be extended beyond 2 weeks.

A company in net debt is raising rm150m cash thru private placement to set up a glove factory and will make rm150m net profit a year and therefore should now be valued at rm3billion. Omg, How many believe in this Kky’s absurd guesstimate and valuation?

Kyy will have to write better articles to promote harder. Haha

Insurance industry is very competitive nowadays.

It all boils down to asset quality. If mbsb previously extended too much political and uncommercial loan, non-performing loan will continue to wipe off its previous earnings for many quarters to come if biz climate remains challenging in Msia.

This is like Ah long biz, super high margin. The only worry is widespread default, which could be just starting. Impairment of receivables can wipe out Current and previous profits in coming quarters.

Many are still trapped in the lion den.

Is it believable for the company to have sold and will be able to sell RM1b worth of affordable houses and make RM300m operating profits a yearly In the current economic environment? Is it real and is it maintainable? I always doubt.

DIY valued at RM10b is the mother of all burgers.

He is eyeing RM120 a share in next few years.

i3 no longer bragged about his Dead Lady for so long.

Kyy will write tonight: why you should not sell top glove shares. Haha

Kyy got margin calls again?

Right after right is wrong.

A decidedly gloomy commentary by management of prospects.

Stockbroking firms saw irrational exuberance especially among retail players over glove counters, and then curtailed their credit risks accordingly. Their actions are totally appropriate.

Dropped from rm1.50 to rm0.70 in a week or two. A good goreng counter.

Basically it means dividend will be frozen for the foreseeable future.

It has RM31m cash but gives you only RM0.7m dividend a year.

Restaurants sustained RM22m loss before tax for the latest quarter.

i3 is still holding on to Dlady after more than 20 years?

To asses if Jaks is gonna pay dividend in future, you look at its past 10-15 years records especially during good or satisfactory quarters, as well as whether it formalises any official dividend policy. These, together with the yearly remuneration of CEO, are critical factors in assessing how the controlling shareholder treats minority shareholders.

Lessons repeat themselves until they are understood.

Q2 loss after tax would be RM20m, at least, in my estimation.

It’s a bit strange there’s no major shareholder in Wellcall all these years.

A so-called future cash cow that keeps milking its minority shareholders instead. Dividend will be forever elusive, however hard you may be hoping.

Bad news.

It’s LED biz sees no light ahead.

This company is dropping by 95% in market capitalisation from its peak just 3-4 years ago.

Kyy gave you a base target price of rm4.70. He wants you to buy the share up so he can unload at rm4. Covid is a one-off phenomenon and will last for about one year. Thereafter, the profits of comfort will return to normal, pre-Covid level and will grow about just 10% a year from there. The same is true of all glove companies. Comfort should be worth rm1.50 to rm2 in the next 5 years.

Results crashed. Remember Kyy once said low oil price is good for Dayang. Haha.

No performance has been reported all these years. Just sitting on a licence? It’s other biz segment, if it includes insurance, has been reporting minimal revenue with losses.

No insurance biz lah. Mana ada? Ah yap and Japanese boss like to mention the company generates positive operating cash flow but they invariably didn’t continue to say that the amount is smaller than the combined big capex and income taxes It needs to pay. This causes net cash outflow from the company each year. That’s why cannot pay dividend for two years by now. He thinks the shareholders are stupid or what. If manufacturing latex glove chemicals can make money, then do it. Fund the capex by selling non-core biz and assets.

It will need another round of cash soon.

It has RM200m cash but paid just RM1m total dividend last year. And you say it’s a good company!

Sapurakencana, On page 4 of annual report, this Ah yap cakap mah, 9th sentence from the bottom, about starting latex glove chemicals manufacturing.

New biz activity soon: manufacture of latex glove chemicals, in addition to the existing distribution of the same.

OTB has jumped off this boat entirely?

Wah. They are diversifying into manufacturing of latex glove chemicals. Good.

But The ceo should be sacked. Times were bad in 2019, they still spent RM33m on capex, only to produce loss after tax again. Now, they say company has no money to pay dividend.

Market will deliver its verdict on Wednesday. My guess on Wednesday’s closing price is 50% chance: RM0.70, 50% chance: RM0.80.

Fire hawk, yes.

Alternatively, you can buy RI for say 100k, but apply for 200k new right shares.

Fire hawk, no need even to buy the RI. I did it once years ago. RI price towards expiry is a good indication. If it falls to minimal, it points to likely under subscription and you stand a chance.

For non-shareholders, you actually can submit right issue application form in and hopefully get the share at RM0.40, in case the right shares are under-subscribed and major shareholders and underwriters let you have them.

In any case, the low right issue price is so beneficial to the underwriters who can potentially get the shares for RM0.40 a piece in case of under subscription.

Please talk with facts and figures, not wishful estimates.

The fact is that the controlling shareholder screwed the minority shareholders times and again. Endlessly asking for cash injection, although the power plant is expected to make super profits up to billions of ringgit, as many supporters like calculate naively and publish with annoying regularity. The management has long ago lost its credibility.

The figure is RM0.40 per right issue, at a dilutive scale.

Don’t count your future earnings and hoped-for dividends when you first have to hand over money to this vampire.

People here estimated future earnings of Jaks day in day out, counting unhatched eggs, scolding each other endlessly over disagreements in the process. Major shareholder now checkmates all with RM0.40 right issue price.