Today announced bonus issue XD

Agreed, cash surged to RM1.09/share.
If we buy now at RM1.41 means we are using RM0.32/share to buy a business that able to generate annual EPS of RM0.27/share (assume annual PAT of RM30mil).
Amazing cheap and we haven't take into account of the generous dividends yet.

We cant control the price but we can control the risk by capital allocation, let it drop XD

Big sharks are selling down to wash away retailers in order to collect at lower price.

Trader = cut loss first and plan to buy at lower price hoping for a rebound
Condo retailer = hold and pray for rebound
Institutional fund = already cut major loss at RM0.70 and laughed by others previously
Net profit investor = holding some and happy to buy at lower price to average down
Cash flow investor = never invest in this company due to negative free cash flow every year

Who will be the final winner? Let's see this interesting drama.

Deadline of annual report is 30/11/2021

more interesting than korean drama =)

It's a fact that they have never ever register positive cash flow even before IPO means they always fail to collect payments from clients for the work done.

If they manage to sail through this time, awaited scenario is dilution of shares arising from private placements or right issues from shareholders and this will keep diluting further in future.

Yeah finally got new episode for SerbaDK, waited long time after appointment of new auditor =D

be patient, just like last time 1.20 dropped to 1.00 then bounced to highest of 2.00

its not another perisai based on borrowings and cash flow, i opine its another old day dayang

bad qr result as expected =D

Nowadays its common to close down factory temporarily due to Covid-19 infection.

Go read the Q&A during the AGM and you know the prospect remains bright.
https://malaysiastock.biz/Company-Announcement.aspx?id=1348329

Beacuse buyer is more than seller, that why it's up

finally break through the price on 20Aug2018 and 30Nov2017, now it's time to fill the gap to RM2.76.

Oct 2020 also UMA, look what is the price now =D

@wallstreetrookie
Rhonema is still making profit while SCC isn't during pandemic, not to mention Rhonema revenue is doubled compared to SCC revenue.

@Analyser
Go read Rhonema annual report and you will know the exciting expansions ahead with sound balance sheet to support this growth.

I don't know is it a good start or not but I know it's undervalue now. Hope it rewards our patience in future.

@soon9913
FLBHD had been making consistent profits even with lower lumber prices in 2012-2018, not to say current lumber price is higher than previously.

@stockraider
I shared the same opinion as you.

I have top up and hold it for 9 months, hope it rewards my patience.

With NTA of RM1.45, its definitely undervalued in terms of P/B but many exited after bad Q4 result. No doubt its earnings is unstable, but worth to hold based on P/B and cheap P/E.

shareinvestor88 its ord stated in the blog:

https://klse.i3investor.com/blogs/wwwfacebookcom/2021-08-19-story-h1569766209-IQGROUP_Review_on_AR_2021_Expanding_US_market_TheProfessors777.jsp

Wait bad qr result out and accumulate more if drop.

I can't remember all except the following:

1) production capacity fully utilized,
2) thailand expansion is for equipment which expected to increase 0.75x of existing capacity,
3) expect aerospace to recover pending vaccination progress,
4) total employees were vaccinated 60+% (Malaysia) and 80+% (Singapore),
5) able to pass additional costs to customers arising from hike in raw materials and freight prices,
6) supply test equipments to front end customers as well,
7) not affected by shortage of foreign labour and lockdown,
8) all customer pay on time with no delay during pandemic,
9) inventories increased 30+% yoy is for equipment business,
10) aerospace orderbook currently worth RM2.0+ billion with 10 years horizon,
11) not supplying products to LAM Research,
12) will expose to EV or battery if their customers divert into it.

After attended today AGM, its very informative and I can sleep soundly every night.

Just sold, not comfortable with its balance sheet and very poor cash flow.

Bought at RM0.19, top up today at RM0.125. When will Perdana reward me? =D

Whatever auditor reports issued, we know for sure its lack of cash since IPO.
They will definitely raise money from shareholders via right issue, loan stocks & etc as banks and private investors will stay away.
Eventually enlarged of issued capital from above corporate exercise will dilute the so called "earnings" that without cash collection resulted share price to plummet!

Stockwise, after I attended AGM, the conculsion was management is very good at their job. They are in expansion mode and you can invest money in their company and sleep soundly every night.

Cash flow never lie! Look at Serbadk since IPO then you will know fundamentally soild as stated by T20 is not justified!

Serbadk can achieved profit growth yoy no matter how low the oil price, the most profitable O&G company in the world Saudi Aramco also unable to achieve what Serbadk did =D

Look at the cash flow before IPO till now then you know why value investor never touch this stock even the crowd earned alot previously.

What goes around comes around XD

I was doubting myself when serbadk share price was rising since IPO, but due to the fact of its cash flow issue and management team previous track record, now I am glad I have never buy this stock.

AGM highlights:
1) domestic sales are very encouraging but cannot confirm the effect of MCO 3.0 which may affect it temporarily,
2) export sales are also good but due to rising of ocean freight cost, some customers may delay the import for awhile,
3) sales derived from Cuckoo just started at end of March 2021 and target sale is 10k-14k mattresses in 2021,
4) even with rising of raw material costs, leesk able to pass it to customers,
5) acquired automation machines in 2020 which can increase capacity but pending foreign technician to fly over for commissioning,
6) bought 8 units of dormitories for foreign workers to comply ESG,
7) production is running at full capacity but MCO 3.0 limited 60% of workers may affect it in short term.

accumulate today since everyone is selling at depressed price of RM0.115 =D

thanks for sharing ruby20

nvm, its your loss for not buying

be greedy when everyone fearful, top up today and more

just read quarterly report prospect and u will know why the sell off is taking place

The performance may be affected due to lack of raw materials, increase in freight's fees, lack of containers and competition from Indonesia. Nonetheless, with current price, it is indeed undervalue.

Market afraid unsustainable of abnormal profit margin of 50%, entry of many new players, depreciation of USD and major expansion by all player resulted oversupply.

I am still wondering if now is the best time to enter this stock for turnaround? Any opinion? Risks are depletion of cash, PN17 status, dilution from right issues.

positive news were stated in the annual report, go find yourself XD

Good, construction sector is facing toughest headwinds now as mentioned above, what else can make it more worst? It's time to accumulate this undervalue fundamental sound company.

@CHHu, the answer is WHY NOT BOTH? =D

But Q3 PAT already RM3.8m which is equivalent to almost half of previous annual PAT.

Based on cimb report on 11/12/2020, from collaboration with cuckoo, leesk anticipates to generate revenue of RM100m for 3 years which translated to RM33m a year, so additional PAT will be around RM2.6m (8% margin). If compared to previous annual PAT of RM6m - RM8m, it's an increased of 32% - 43% per annum!

share price is in the path of reflecting its value, how high can it go?

TOLD U! DUMP!

DUMP!

DUMP!