sense maker

kcchan270871 | Joined since 2010-10-04

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Stock

2019-09-24 11:00 | Report Abuse

Net debt rm170m. Avoid

Stock

2019-09-08 01:21 | Report Abuse

Back to 30 sen incoming months. No dividend.

Stock

2019-08-29 21:23 | Report Abuse

Buying mega steel was for transferring huge money out from lionind and losses in from mega steel. Expected.

Stock

2019-08-29 20:31 | Report Abuse

The darling of Kyy and otb a few years ago.

Stock

2019-08-29 18:31 | Report Abuse

There’s no right track. Nobody wanna watch Encore Melaka for rm70 a pax. Properties also have no meaningful buyers. The huge borrowing will kill the company.

Stock

2019-08-29 15:40 | Report Abuse

The fall should continue till 60sen or below.

Stock

2019-08-29 15:37 | Report Abuse

A grand vision that doesn’t survive contact with reality. It is heading towards 10sen or below before preference shareholders can convert into ordinary shares.

Stock

2019-08-28 22:28 | Report Abuse

Dlady is affected by bubble milk brown sugar drinks! Normalised annual profits may sink to rm1 to rm1.20 a share.

Stock

2019-08-28 20:15 | Report Abuse

When the preference shareholders start converting to ordinary shares, the share price may plunge towards 10sen.

Stock

2019-08-24 01:14 | Report Abuse

This counter was rm0.40 a share before Vietnam venture. It went up to rm1.60 on expected accounting profits and now down to rm0.80 even after booking good accounting profit. A few months ago, the ceo awarded himself 25m free shares. They hoodwinked you with good profits while booking accounting profits and printing money with new issuance of free shares to themselves. Next, they may ask money from you despite the good profits.

Stock

2019-08-23 15:44 | Report Abuse

Tony said some time back that this year would be the best year yet for AAX.

Stock

2019-08-23 12:12 | Report Abuse

Big profits reported but it’s not cash profit. This counter depends entirely on whether Vietnam power plant can bring in cash or not. The company didn’t pay much to acquire the stake in the power plant and neither has any meaningful cash profit got into the company’s bank accounts. The fear is that it’s just an accounting and paperwork exercise from beginning till the end.

Stock

2019-08-09 14:28 | Report Abuse

I think in 2007, this company was worth rm5 a share.

Stock

2019-08-09 09:27 | Report Abuse

The results are good and consistent. Net cash increased to rm65m. Fair value should be rm1.50.

News & Blogs

2019-07-08 21:26 | Report Abuse

Ambik duit keluar mainly through purchase of equipment. It has been very obvious for decades.

Stock

2019-05-23 10:42 | Report Abuse

Kyy quietly accumulated Dayang shares at 60-80sen.
Kyy 1st phase on i3 blog: saying clever investors are buying up Dayang n laughing to the bank.
Kyy2nd phase: saying target price is easily rm3 because eps per year will easily be 40 sen, as affirmed by otb
Kyy 3rd phase: when Dayang price corrected from rm1.7 to rm1.3, blaming analysts reports.
Kyy 4th phase: saying those buying 60-80sen r still making profits
Kyy 5th phase: to be watched with fun.

Super-investor wor. Haha

Stock

2019-05-23 09:14 | Report Abuse

I have forewarned that Dayang isn’t worth anything more than rm1.

Stock

2019-05-22 21:50 | Report Abuse

The rm170m intangible asset is very jarring and even fishy.

Stock

2019-05-18 11:39 | Report Abuse

Very volatile earnings indeed

Stock

2019-05-14 21:28 | Report Abuse

Target price of rm3 is no longer mentioned now. History repeats again.

Stock

2019-05-09 22:31 | Report Abuse

Paper profits were used to pay for share grant to management when the company is still high in debt. Interesting.

Stock

2019-05-07 17:22 | Report Abuse

Obviously, management pessimism is about ongoing and coming months. The latest quarterly report is up to March 19 only.

Stock

2019-05-07 17:13 | Report Abuse

1.7sen eps per quarter

Stock

2019-04-26 13:23 | Report Abuse

The company distributes dividend out of retained, not current earnings.

Stock

2019-04-25 21:05 | Report Abuse

Dividend cut to 4 sen

Stock

2019-04-24 17:20 | Report Abuse

The company will have spent rm150m capex in 5 years by end of 2019, only to produce net loss after tax for most of the years, but it cried cash stringency and bad economy when it came to paying the supposedly routine rm10m dividend last December. Dividend was skipped last December, and the coming December 2019 may continue this new trend of zero dividend.

Stock

2019-04-24 17:06 | Report Abuse

The company’s future looks uncertain with declining results. Their services are not seasonal and may fall out of favor faster than the shareholders know, maybe permanently. Not easy.

Stock

2019-04-24 16:40 | Report Abuse

It should go towards 90sen soon

Stock

2019-04-23 21:19 | Report Abuse

A sign of very intense competition

Stock

2019-04-17 11:24 | Report Abuse

USD 4.14, back up. Export counters would benefit .

Stock

2019-04-04 15:04 | Report Abuse

Start up cost is one-off. Commissioning should b completed in the next quarter. Superln have more than 50% of Msia n Vietnam markets. EPS should go back to 2-3 sen a quarter soon.

Stock

2019-03-21 18:02 | Report Abuse

Kyy is writing an article a day pouring optimism on Dayang beyond the current price of rm1.39. Previously he said he didn’t need you to support the market price. He longer wrote so. He boasted too much in the past he now finds himself trapped and he doesn’t want you to laugh all the way to the bank now by selling. He looks desperate and funny, and may be starting to lament his simplicity in assuming that increasing profits in coming quarters automatically means it’s worth RM3, and not rm1, given its huge debt now being refinanced and the oil price uncertainty and availability of lucrative projects in distant future.

Stock

2019-03-19 13:38 | Report Abuse

I forewarned a few days ago that this stock would fall like a house of cards and I don’t see any value beyond rm1. Golden rules may turn golden roast in coming days. Anyway the believers in this company should buy more now that it’s cheaper if they really trust themselves or the simplicity of kyy’s approach of stock selection that invariably fuels emotional buying and quick exit. All the best.

News & Blogs

2019-03-16 23:02 | Report Abuse

It’s better to unlock yourself from Insas, judging by the attitude of the controlling shareholder towards minority shareholders in the past decade.

Stock

2019-03-14 09:32 | Report Abuse

Minyak goreng has spilled everywhere. Once Dayang’’s fire is doused, other related counters will fall like a house of cards. Beware.

Stock

2019-03-12 12:22 | Report Abuse

Privatisation of some civil service will affect this company.

Stock

2019-03-12 09:17 | Report Abuse

Net cash is rm25m, not rm70m.

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2019-03-12 09:09 | Report Abuse

Look at note 18 of quarterly accounts for forex differences. I think dividend is one sen, not two.

Stock

2019-03-12 06:51 | Report Abuse

Rm13m profit increase in FYE2019 from FYE2018 was due to forex differences and gain on asset disposals.

Stock

2019-03-11 23:18 | Report Abuse

Rm200m bet today! Played so big! Love is over, and congratulations to those who have profited and cashed out.

Stock

2019-03-07 14:11 | Report Abuse

EPS rose from 7sen in 2016 to 40sen in 2018, or 470% increase. Dividend rose from 4sen to 4.5sen or 12% in the same period. The extra profits didn’t benefit you. This company serves the controlling shareholder, not the minority shareholders like you.

Stock

2019-03-04 19:24 | Report Abuse

Rm100m wager a day! Dayang may or may not make 10sen a quarter in coming quarters but it certainly isn’t worth anywhere beyond RM1, given its huge debts.
Just my opinion.

News & Blogs

2019-03-03 14:46 | Report Abuse

Dividend doesn’t rise with earnings. Thus, it is accorded a low pe multiple.

Stock

2019-02-24 17:17 | Report Abuse

The ongoing loan restructuring scheme may result in significantly increased interest rate on its loans after the loan rescheduling, and/ or in a dilutive cash call to shareholders or worst, banks taking over the company.

That the company reduced its borrowings by rm200m in 2018 on the back of good results was a good thing. You should be aware that the huge profit improvements on big contracts may be an assistance from Petronas to the company to tide it over temporarily as the loan restructuring is ongoing. Or it could be a genuine turnaround due to vastly better operating environment. Insiders should know. If the 2018 profit trend continues the company may turn into net cash company in 6-7 years depending on capital expenditure.

No meaningful dividend in the next few years, if any. Those betting on Dayang need the loan rescheduling to be successful and it’s profit to be maintainable in the coming years.

News & Blogs

2019-02-22 19:16 | Report Abuse

All profits in the past decades have gone into capital expenditure, and the company continues to ask money from shareholders. Any investor worth his salt has long known this very serious issue.

Stock

2019-02-12 06:54 | Report Abuse

How could free shares be even legal? It’s very seriously shortchanged the minority shareholders.

Stock

2019-02-11 20:25 | Report Abuse

Ang is giving himself 25m free shares?

News & Blogs

2019-02-09 18:22 | Report Abuse

Most arguments led to QL, Insas, Carimin, etc nowadays!

Stock

2019-02-02 00:48 | Report Abuse

Some observations:
1. A major investment in a small capital by a big investor has not triggered the 5% disclosure threshold yet?
2. Risks involved are totally not mentioned for a balanced analysis.
3. Perhaps rushing for redemption or time, binge-buying this company’s shares was based just on one quarter results, instead of two as propagated previously by Kyy, himself assuming funnily that the latest eps can be sustained for many years to come. This oversimplification presumes an unbelievable reversal of fortune of the company from struggling with recurring losses to a superstar, ie from a relatively micro company to a half-billion company. The godsend really has been handed in by Petronas, just like that?
4. Liquidity risks are real as it is impossible to unload lots of shares without crashing the share price, especially when one of the coming quarterly results disappoint.

Anyway the bets have been placed. Let’s see how it ends.