Whatever profit it is in today QR, ask yourself, is the profit, ASP, sales volume sustainable in coming 5 consecutive years? Don't just think about the profits without consider the underlying risks.

Does anyone mind to share AGM detail and Q&A today?

Current price of RM22.46 can only be sustainable if today QR PAT is RM220m based on P/E 35x which means one quarter earning is around double the whole year earnings in 2019 of RM124m. Let's see the QR today. Else, RM20 share price is not justified.

Stagnant because no one notices yet, indeed a good company with QL management. Diversification to solar energy and water treatment that aren't cyclical is to reduce dependency on palm oil sector which is cyclical following commodity price, not a bad move.

Current price of RM22.46 can only be sustainable if coming QR PAT is RM220m based on P/E 35x which means one quarter earning is more than one year earning in previous. Let's see the QR today.

Good news maybe is based on previous quarterly report, management said the outlook is very promising due to increasing broiler sales enquiries during MCO and aftermath.

In addition, recent acquisition of Tera VA which involved in solar power industry will generate stable income in future, and together with water treatment segment, provision of these services to QL Resources and private sector can be expected.

Based on historical lowest P/B value since 2010, any price below RM2.50 is considered attractive, let's give it a margin of safety of 20%, thus any price below RM2.00 is safe!

Still at loss due to impairment loss of RM10.9mil and forex of RM4.9mil but balance sheet and cash flow were good.

Thank you Mabel !

oic, their website, thx

Any update? Vessel utilization? Charter rates? Outlook?

I already login and clicked live streaming but nothing can be seen!

Asia 88, why I cant see the AGM live streaming via tiih.online even I have registered and clicked live streaming. Any update in the AGM?

Today 10am AGM

If not mistaken, within this month, most probably on the same or after of AGM dated 22/6/2020.

top up at RM0.18

@Chung thanks for your info but I had to agree with Asia88. Maybe coming QR still negative due to monsoon season affected their job execution, but I have faith that it will be better FY2018Q1 which was at loss of RM32mil.

Cut loss at RM2.59, hope u all can earn more. No doubt in long term it will perform but in short term due to covid-19, the fundamental is changed due to social distancing, panic, jobless, global tourism prohibition which will adversely affect it in 1 or 2 years.

But I don't understand why the finance cost was still RM55.20mil even the borrowing was reduced from RM633.25mil in 2018 to RM125.69mil? Maybe because the borrowing resolved using RCPS during final quarter, hence it hasn't restated yet.

Based on interpolation, the finance cost should be RM10.95mil in coming year since borrowings reduced significantly which means company can save RM44.25mil every year!

Based on annual report 2019, debt/equity ratio was only 0.14 (borrowings of RM125.69mil / equity of RM899.67mil).

oic, thx Chung

nicedurians, don't need to think, just read and refer annual report page 160.

"The conversion price of the RCPS at RM0.325 per RCPS and the conversion ratio at 1 new ordinary share for every 1 RCPS held."

Many preference shares were converted at RM0.325, wouldn't it better to buy in open market at RM0.20? Does it mean the stock is worth at least RM0.325?

no problem, in the meantime, u can read the dayang annual report first which just published.

Supposed to be out on last month of May, but due to MCO can be extended a month, so this month of June will out.

Expect the coming QR will be fantastic!

the result was for 2 months back, i doubt the future results will adversely affected due to its involved market of aerospace, oil and gas, property remained terrible.

gross profit margin declined from 22.83% to 17.45%, if exclude one off other income of RM12.0mil, PAT will be RM23.0mil which was declined 40% q-o-q. It is a poor result.

Company had acquired 12.0 million ordinary shares from the open market for a cash consideration of RM30.1 million which translated to share price of RM2.51.

Will management buy and support at price of RM2.51?

Overvalued now due to highest valuation since IPO but due to expansion and nature of business is non-cyclical, just hold.

Board wishes to caution that the Group expects its financial results for the remaining period in FY2020 to be adversely impacted.

No doubt uchitech will able to sail through this challenging times due it will not bankrupt, but how low will the stock price reach shall no one able to predict same as global recovery from this unprecedented pandemic.

In view of the grave uncertainty in the global economy and the demand for oil and gas, the Board
believes that the financial performance for the year will be adversely impacted and weaker than 2019.

Many oil companies globally have started to reduce both capital and operational expenses to conserve fund and to prepare for the challenges in the near future. This has resulted in reduced activities including in the drilling sector.

The impact of this has yet to be fully felt in Malaysia as a number of existing drilling contracts are still ongoing. However, lesser drilling activities is expected in the near term as oil companies review their drilling programs.

This cold counter finally is being noticed by public due to it was seen in blogs and social medias.

Consumer need to experience the touch and feel the mattress product's quality before buying, so consumer will not buy it via online aggressively. Just take a look at Uniqlo & other business which depends on consumer experience is still doing well and cannot be substituted by online purchasing.

appreciate if anyone who attended the AGM can share the news and info.

A D, if u r going to the AGM, appreciate if u could share the info here. Thanks alot.

Bought @ RM1.04 today, boring company with single digit growth annually in terms of revenue and PBT, but its my cup of tea and hope it will reward us in future.

Based on the IPO, 2014-2017 PAT were 3.37mil, 4.73mil, 7.17mil & 10.02mil while 1H2018 can only achieved PAT of 3.60mil which was only 36% of 2017 PAT. Furthermore, the proceeds have yet to utilised yet even after 6 months.

20% loss of the invested capital in tguan T_T
Bought at Jun 2017 and average down in Jan 2018

Cut loss at RM3.14 today as i anticipate the business operating expenses will be increasing especially foreign labour levy will be borne by employer implemented in 2018 as well as resin price and strengthening of RM. Yes, it is painful but in stock market, its all about survival!

i anticipate the company profit will go up within 3 years, i dont care about the stock price!

top-up at 3.68 today

If the result is bad, then why today share price rose?

It is not a sunset industry, it is just a non-fancy industry like glove industry and look at how the glove market is expanding. Paper printing and filing will be used in future just like we used from centuries ago.

Stock market is a place that transferring money from impatient to patient, so be patient.

thank you for your kind sharing

agreed with jibbie with the entry to disposable foodwares prospect, bought today at RM2.90. A fundamental sound company with high dividend. Even though the stationery industry is stagnant, but it is able to pass the increased costs to consumer as mentioned in FY18Q2 report.

Others laughed at me when i bought it at RM 0.35 and it dropped to RM0.32 on the same day (4/12/2017), I replied never scare in here on 5/12/2017 and it proved that I am right today.