chang1 you still relate this vivo performance to government? you never wake up.. u are just emotionally imagine the good prospect of vivo in future.. good luck!

yes i cut loss long time ago since 2016, still follow vivo performance, because i want to learn what is bad performance, and learn from mistake. the unique of this counter it keeps winning contracts, but doing bad.. i want to know why.... u see..

If you see history previously it change name from instacom, but not doing well, changed name to vivo, but same old management, do you think it will improve if management not change?

yes BN change to PH, we will expect something different (changes of parties and management), but we not yet see result. (i no comment) but from Insta to vivo, already 3 years++ and proven performance is bad..
So? you still think vivo given not enough time to prove it is good? if you hold other good fundamental counter for 3 years, you sure gain alot capital gain or at least dividend.

the data i post is facts, not based on assumption.

Good bye Vivo... this counter is generally Hamka chan... LOL worthless tissue paper.
delay in project = lossing time = lossing $$$

Info: Lagenda Erajuta Sdn Bhd (the main contractor to CRCC Malaysia Bhd) subsidiary of Sagajuta Sdn Bhd (bankrupt), basically vivo cannot receive any outstanding payment... LOLOL

why u all blame here and there.. ie government, bursa, gst, sst... (nothing to do with them la... hahaha)

this company run out of cash, right issue to dilute share price is a strategy to get all your money. trade on your own risk... lol

Below from latest quarterly report:

Construction
The Construction segment contributed 45.1% of the total revenue for the current
financial quarter ended 30 June 2018. The decrease in revenue for the current year
was mainly attributable to slow roll-out of the Group’s on-going projects as most
of the projects won in 2017 were still in preliminary stages, hence the amount of
work done up to 30 June 2018 was lower.

Aluminium
The Aluminium segment contributed 47.4% of the total revenue for the current
financial quarter ended 30 June 2018. The decrease in revenue for the current year
is mainly attributable to slower roll-out as compared to last year.

Telco
The Telco segment contributed 7.5% of the total revenue for the current financial
quarter ended 30 June 2018. The decrease in revenue for the telco segment is due
to lower work orders received and the delay in award and implementation of the
next phase of the USP project under the Malaysian Communications and
Multimedia Commissions. Telco division decommissioned six (6) inactive
transmission sites. The decommissioning cost of RM1.563 million further impacted
our profitability.

whats make you think this counter cheap can enter? coz it keeps making loss, and running out of cash... park its income at receivables.. no capital growth at all.. idiot!

This is what i simply plugin data facts from its annual report:
This company have high amount of trade and other receivable: FY2016: RM262186640 FY2017: RM282491293. this is means that their client din't pay them well since 2016. furthermore the CEO has mention in the latest annual report that they are starting to written off bad debts. FY2016: RM4895. FY2017 RM88748 (even though the amount is comparatively small, the directors are also not aware of any circumstances) it might be increase for 2018... my personal opinion only

total liabilities up to RM115555320 that also need to pay up. (f the receivable able to turn into cash, this liabilities can be eased)

operating cash flow RM23152525 vs net cash generated is negative figure (RM7008017) this means the cash flow for vivocom is in bad shape.. so other alternative to get cash is getting your hard earn money to pump in and support this company.

So with the high receivable amount, and negative cash flow, the net profit of this company can say its only a paper value.

So stop pumping your hard earn money for this counter. unless you know what happen inside this company. furthermore new PM need to study all its current project. this justify this counter may further high uncertainty. when uncertainty high, dont buy this counter.

i have made loss in this counter 2 years ago, when i was a beginner, i was stupid enough to just follow people hear say... but after i learn my lesson, i strengthen my knowledge to assess the company fundamental.

Dont follow people hear say, do your own study. Loss money is just a punishment for those who lazy to do research.

By Investor Kritureses.