https://www.orientaldaily.com.my/news/business/2024/04/09/643616

expected to make min 20m PAT in 2025. 12m from loan, 8m from human health

Congratulations for Pajaking and Ar-Rahnu Cahaya on the successful grand opening of new branches in Temerloh! The dedication and commitment to expansion signify professionalism and drive for growth. Wishing Pajaking & Ar-Rahnu Cahaya the best of luck on this new venture, may it bring prosperity and success to the businesses.

GRAND OPENING OF NEW BRANCHES IN TEMERLOH
Posted on February 2, 2024 by adminemc

https://emc.capital/wp-content/uploads/2023/12/EMCC-_Philip-Capital-Managenent_Maximise-Return-on-Your-Pledge-281223.pdf

1. listed sept 2023, x 2 mths ago. EMCC already have 27 pawn shops now, In Nov 23 aready bought 2 pawn shops, another 3 shops also started in feb 2024 in Temerloh, can see from EMCC facebook, with addition 5 shops is expected 20% growth of rev & profit coming q result. Further after IPO some fund already start use as working capital this will result in more loan give out & more profit!!. retail of gold is from auction of gold for those x able to pay interest which have to go for auction which is normaly lower than market price. this is different from poh kong & tomei which is selling new items, how to compare orange & apple?Compare PPjack which is same business with EMCC, PPjack 's pe around 39x, while EMCC with next current q x4 , PE is around 25x only, this still not factor in addtional 5 shops, new capital put in & gold price at new high!!!!, How far can EMCC go, u go & calculate!

next resistance 0.98/1.00, if break sky is the limit

Smilday ,
If u look into PA's Q results in 2018, vol only start shoot up in 1q 2019(June to sept 2018). Look like PA only start supply in this Q. This mean 600m may last till May 2021.still got 1 more year. Relax la, MD already mentioned they are working with few potential clients on new projects. May b already got projects but not make announcement to bursa. During AGM in Oct/Nov can confirm with MD on contract status.Just give them some time to perform. Turnaround a company is not easy & continue to perform is even tougher.

If u free just go & screen all the results out today, almost no com. perform like this com. continue grow in profit even during MCO.Soon or later investors will notice this com, & price may go up. With this type of performance & downside risk is LOW. Furthermore coming Q should b gd due to AL price drop by 7.5 to 10%, RM weaken & diesel price drop.

Like "cold eye" (Foong siling) mentioned before to build a house may take 3 year, plant durian tree also take 5 years to harvest. Just give the com. another 6 months then we will know the results.

Moving forward, Lau, says the company is aggressively looking to expand the company’s customer base in the region.

This, he says, is in view of the company’s increasing output, on the back of higher productivity and the new, more efficient machinery it plans to acquire.

“We are currently providing samples of our products for several potential clients, and we are very confident of securing a few new deals in the near future,” he says.

The ongoing trade tensions between the US and China, he adds, has benefited the company, with US-based firms looking for new suppliers outside China.

For now, Lau says the company’s cost cutting measures will continue, across all its operations and processes to ensure that PA Resources operates at the best of its capability.

“While we have already managed to pull off a turnaround of the company, the work is far from done. This is a new beginning for PA Resources, and there is much more that we hope to achieve in the years ahead,” he says

angmodan

If we refer to theedge, in 2020 65% rev from medical & 35% from automotive. But if u look back BEFORE MAR 2018's Q results (that time scomnet own only 20% of medical com) rev & profit are so low. Main profit are from medical. Automotive look like only breakeven but this will pull down overall profit margin to make it not too high. if not scomnet's customers will ask for cost down.

PA has recorded a net profit of RM4.3 million after tax on the back of a turnover of RM164.9 million for the year end June 2019

YTD(3Q) PA recorded 6.123m net profit & turnover 148.75m

Assuming in 4Q PA maintain rev & profit as 3Q ---- Whole year profit ~9.333 m , rev 200.25m. Net profit is 116% increase up compare 2019. Think 4Q results will be better than 3Q due to AL price drop(7.5%), RM weaken(3%), diesel price drop(30%) & economy of scale.

PA's price chart range from 0.045 to 0.75(not consider MCO price drop to 0.035). for last 2 years (since Aug 2018 - last Q PA making loss), With almost 2 years of profit now & recorded 100+% profit grow compare 2019, PA price should easily make a new high. Downside risk is low compare potential gain.

Alreday 2Q's profit at 3 years high, price also should break new high.


REV PBT NP NP TO SH
Financial Year: 30-Jun-2020
22-May-2020 31-Mar-2020 51,532 3,274 3,210 3,210
20-Feb-2020 31-Dec-2019 53,894 2,261 2,261 2,261
27-Nov-2019 30-Sep-2019 43,331 652 652 652
Financial Year: 30-Jun-2019
22-Aug-2019 30-Jun-2019 37,288 1,491 1,412 1,445
24-May-2019 31-Mar-2019 39,889 673 605 605
22-Feb-2019 31-Dec-2018 43,933 1,041 1,041 1,041
29-Nov-2018 30-Sep-2018 44,003 1,280 1,280 1,280
Financial Year: 30-Jun-2018
29-Aug-2018 30-Jun-2018 29,020 -5,863 -5,863 -5,816
28-May-2018 31-Mar-2018 31,318 -2,807 -2,807 -2,807
27-Feb-2018 31-Dec-2017 21,297 -7,231 -7,231 -7,231
24-Nov-2017 30-Sep-2017 28,895 -3,299 -3,299 -3,299
Financial Year: 30-Jun-2017
29-Aug-2017 30-Jun-2017 24,033 -8,538 -8,538 -7,978
26-May-2017 31-Mar-2017 25,481 -2,775 -2,775 -1,980
27-Feb-2017 31-Dec-2016 24,414 342 342 342
23-Nov-2016 30-Sep-2016 23,754 -1,803 -1,803 -1,803
Financial Year: 30-Jun-2016
26-Aug-2016 30-Jun-2016 26,966 -4,970 -4,970 -4,970
25-May-2016 31-Mar-2016 25,229 -3,994 -3,994 -3,994

https://www.enanyang.my/news/20190914/%e5%ba%94%e5%af%b9%e9%93%9d%e9%9c%80%e6%b1%82%e5%8d%87%e6%b8%a9-br%e4%b8%93%e8%89%ba%e8%b5%84%e6%ba%90%e5%80%8d%e5%a2%9e%e4%ba%a7%e8%83%bd/

https://www.theedgemarkets.com/article/pa-resources-833-after-nirvana-asia-founder-emerged-substantial-shareholder

https://markets.businessinsider.com/commodities/aluminum-price

https://www.bloomberg.com/quote/USDMYR:CUR

i)Aluminium price drop in the month of Apr & May - drop by close to 7.5% to 10% VS AVERAGE JAN TO MAR- margin win will increase due to 70 to 80% of Raw mat cost is AL ~2.6M SAVING/PROFIT

ii)Forex gain around 3% in APR & May VS AVERAGE JAN TO MAR. ~ 1.5M

1Q profit 0.652m, rev = 43.3m(mainly due to new machine set up)
2Q PAT 2.261m, rev = 53.8m
3Q PAT 3.210m, rev =51.5m (estimate 61.8m WITHOUT MCO - 51.5/2.5 * 3, estimate PAT 3.85m without MCO)

Look like chairman statement double production capacity on track.

Look into details Balance sheet:
1Q 2Q 3Q
Cash & bank balance 1.41m 1.19 12.99m
Inventories 25.87 27.72 34.45
Trade receivables 28,26 35.82 15.28
Other receivables, &etc 12.39 11.99 9.44
Non-current liabilities
Borrowings 1.94 1.08 0.85
Current liabilities
Trade payables 11.27 8.88 8.87
Other payables and accruals 12.70 14.29 8.85
Borrowings 19.39 13.92 10.77

Cash flow from operating 5.51 0.645 15.36
Purchase of property, & etc 4.55 10.12 10.77
Repayment of borrowings 1.07 3.37 3.86


SUMMARY;
I) CASH UP FROM 1.41M TO 12.99M
II) INVENTORIES UP - NEXT Q REV MAY UP FURTHER
III) RECEIVABLE DOWN - GOOD IN COLLECTION
IV) BORROWING DOWN 21 M TO 11M
V) PAYABLE ALSO REDUCED
Vi) CASH FLOW GOOD - BETTER THAN PROFIT
V) ALMOST NET CASH COMPANY - MAY BE ABLE START DIV SOON IF CASH FLOW CONTINUE THIS WAY

1Q performance review(end Sept 2019):

Revenue for the current quarter under review was RM43.1m which is slightly lower than the previous year's amount of RM43.6m. Operating profits was lower at RM0.6m compared to RM1.5m previously. The lower profits were mainly due to testing, design and development costs incurred when new equipment was installed in this quarter.

MACHINE ALREADY IN, AT TESTING & TRIAL RUN STAGE.

From annual report 2019(end june2019):

I am very pleased to announce that PARB has recorded a net profit of RM4.3 million after tax on the back of a turnover of RM164.9 million for the year. While the profit of RM4.3 million may be a modest sum, this however represent a significant turnaround in the group’s performance. The Board is hopeful that this will herald a continuous period of profitable performance in the future.

The profit was the result of a 46% jump in turnover from RM112.6 million in the previous year to RM164.9 million. The increase in turnover is expected to continue in the coming year. Current production output is averaging 1000 metric tons a month and is targeted to reach 2000 metric tons in 2020.

An additional fund-raising exercise in the form of a private placement of 20% of the issued and paid up capital has been proposed and has since been approved by Bursa Malaysia Securities Bhd on 25 September 2019. This is scheduled to be completed by the end of the year 2019. The proceeds from this exercise is to be utilised for production capacity expansion and working capital.

why Nova put this extra 1.176m due to provision for doubtful debts and stocks obsolescence in this 3Q????

May b to make profit margin normalize to 30%. Put in all expenses first

Actual profit should be 4.23m if without EXTRA:
i) Other operating expenses -1,269,7049(3Q) vs 93,240(2Q) = extra 1.176m due to provision for doubtful debts and stocks obsolescence
ii) Selling and distribution expenses 1,163,477(3Q) vs 834,413(2Q) = extra 0.329 due to higher accruals of marketing campaign expenses for NWPP, increase in staff cost due to upward salary revision, accruals of sales commissions for sales staff and higher logisticand transport charges.

Total profit should be 2.722 + 1.176 + 0.329 = 4.23m

http://www.nova.my/product-details?product=191

1 Set : RM 293.30
A strong immune system can defend your body from invading virus. This comprehensive range of evidence-based ingredients helps to strengthen the body’s immune system in fighting against viral infections by:

Detect and destroy the virus faster
Rise and power up immune cells.
Shield up the immune cells.

The completion of phase one of this factory is significant for Nova, as it now increases production capacity by five times. Nova is now in the process of constructing phase two of the factory.

Capacity up 5X! Factory ready in Nov 2019. Expected CF in Dec. Should start new factory in 1Q2020. Right timing

PETALING JAYA: Nutraceutical company Nova Wellness Group Bhd plans to launch new healthcare products to go with its hand sanitiser which has been selling well.

Nova executive director Eddie Phang Yeen Aun told StarBiz that due to the growing market demand, the company will be launching new products over the next few months.

“We will continue to see increased interest in preventive healthcare under this new normal, ” said Eddie, who is the son of Phang Nyie Lin, the founder and major shareholder of the company.

Nova is also in the midst of completing the construction of a new plant.

The group raised RM44.91mil from its IPO in 2018 and out of this, some RM13.9mil was utilised to construct this plant for the production of its food and skincare products.

The completion of phase one of this factory is significant for Nova, as it now increases production capacity by five times. Nova is now in the process of constructing phase two of the factory.

“Besides the health food products, Nova intends to utilise this factory to produce products such as low GI bread, ” said Eddie.

While Nova’s business has predominantly been in Malaysia, the company is looking to make inroads regionally.

Eddie said the company has obtained approval for some of its products in Indonesia and Thailand.

While Nova is mainly in the business of selling dietary supplements, food and skincare products, these products, it is its hand sanitiser that is doing well.

It is supplying to a number of government hospitals since the pandemic began.

For the six months to Dec 31,2019, the company recorded a 35.36% jump in net profit to RM5.4mil on the back of a 16.76% increase in revenue to RM14.81mil. Its net margin is at 36.5%.

Nova has cash of RM36.43mil and no debt.

The stock is at 60 sen, just above its IPO price of 55 sen a share, giving the company a market capitalisation of RM190.65mil.

Based on its 2019 annual report, the founders Nyie Lin and Tan Sok Mooi collectively own 74.31% of the company.

They own the stakes via their names and other family members namely Phang Yeen Aun, Phang Yeen Nung and Phang Yeen Hung.

Nova’s principal activities include the development, production and sales of nutraceutical and skincare products under its house brands.

Its products are available in some 490 outlets nationwide.

Over the years, the company has developed and produced a number of nutraceutical products under its house brands and for its OEM customers.

Nova was founded in 1989 by Nyie Lin and his wife Sok Mooi, who initially undertook the trading of animal health products from 1990.

The business direction took a turn in 1997 when they commenced a small scale research and development on Phyllanthus niruri, a species of herb that has been traditionally used for the treatment of liver diseases. Phang then decided to set up a production facility with R&D facilities in Sepang, Selangor in 2004.

https://www.thestar.com.my/business/business-news/2020/05/12/nova-wellness-to-launch-new-healthcare-products

(i) by surrendering 2 ICPS (which are issued at an issue price of RM0.08 each) without additional cash payment to arrive at the Conversion Price of RM0.16 for 1 new Share

Please READ LAH. don't understand English!!!!!!

2PA =2 x 0.035 =0.07 can sell at 0.09.

The ICPS may be converted into new fully-paid Shares at the Conversion Price in the following manner:-
(i) by surrendering 2 ICPS (which are issued at an issue price of RM0.08 each) without additional cash payment to arrive at the Conversion Price of RM0.16 for 1 new Share; or
(ii) by surrendering 1 ICPS (which is issued at an issue price of RM0.08 each) with additional cash payment of RM0.08 to arrive at the Conversion Price of RM0.16 for 1 new Share.

OPERATIONAL REVIEW

The new management team has implemented multiple operational improvement initiatives this year, with significant positive impact to the effectiveness and efficiency of our operations.

Our main supplier contract has been renegotiated from a high fixed monthly commitment to a lower flexible one. This reduces our risk of inventory build-up during potential seasonal or cyclical slowdowns in the market.

In fact, our profitability in this fiscal year was materially adversely affected by such inventory build-up, which was caused by a major equipment malfunction in the beginning of the year. TWI’s furnace was down for almost a month, during which coincidentally the market price of copper dropped from $7,000/tonne to less than $6,000/tonne due to the emergence of the US-China trade war.

As a result, our average inventory cost increased dramatically compared to the market price, and we were forced to sell our products below cost. At that time, we quickly flew in an expert from our equipment supplier’s headquarters in Finland to fix the issue, provide updated operating procedures, and train our staff on best practices to avoid any future malfunctions. Since then, we have not had any such equipment breakdowns, nor do we expect any in the future.

Furthermore, we have implemented commodity hedging practices using forward contracts and swaps from local banks to ensure that even when we do not have sufficient sales contracts to cover our incoming raw materials, we can lock-in a future selling price based on the prevailing market price at the time. In general, we follow a back-to-back arrangement with both our customers and our suppliers to lock-in the same price to avoid commodity price risk. Our back-to-back arrangement, together with our hedging facilities and our renegotiated supply contract, effectively secures us from any material commodity price risk.

Another major important undertaking this year has been the sale of our old drawing equipment (used to “pull” the rods and wires to reduce their diameter) to make way for brand-new Industry 4.0 equipment to replace it. The new equipment will be much more energy and labour efficient, and will take up a smaller footprint in our factory, making room for future expansion. We have also redesigned and re-arranged the factory to a much better organised layout, providing a better work environment for our staff

STRATEGIC REVIEW

On a strategic level, we have made it a priority to transform the company into a modern vertically integrated copper manufacturing business with an international focus. We aim to augment the value we create along our value chain by venturing downstream and upstream, while discontinuing any business segments that do not present favourable prospects. To that end, we have discontinued the enamelled wire business, which targeted a declining industry and was dragging down our performance due to lack of scale. Instead, two new strategic businesses have been launched through joint ventures to set up new production facilities in our existing manufacturing plant in Alor Gajah Industrial Estate, Melaka. Through these businesses we are following our new strategy of vertical integration, downstream by entering the high-end-cable business, as well as upstream by introducing a new production input – recycled copper. These businesses are expected to contribute significantly to the top and bottom lines of TWHB.

The core business of Ta Win since its inception has been Ta Win Industries (M) Sdn. Bhd. (“TWI”), which is involved in the manufacturing and sales of high quality copper wires and rods of various diameters. Its capacity is 1,000 metric tonnes per month and its utilization rate rarely drops below 90%. Around 60% of TWI’s revenue is generated locally in the Malaysian market, supplemented by exporting to India, China, and Southeast Asia. Within these geographic markets, TWI supplies mostly to the cable and electronics manufacturing industries.

As for the two new businesses recently launched, the first is Ta Win Copper Sdn. Bhd. (“TWC”), of which Ta Win owns 65%. TWC is a joint venture with a Chinese copper manufacturer, which moved one of its production lines to our manufacturing plant in Alor Gajah. The trigger for this business setup was the Chinese government’s ban on the importation of scrap into China. By setting up the operation in Malaysia, we are able to source recycled and refined copper scrap locally, process it into copper rods, and export to our joint venture partner’s existing market in China. We have secured an offtake agreement with our partner for the entire 1,000 tonne monthly production capacity of this business, removing market risk.

The second business launched this year is Cyprium Wire Technology Sdn. Bhd. (“Cyprium”), of which Ta Win owns 80%. Cyprium is a joint venture with a local party. Our partners in this business are highly experienced veterans of the Malaysian cable industry, with unique intellectual property enabling them to design state-of-the-art equipment, using which they can produce high-margin diverse cable products. Together with our partners and our equipment suppliers we have already designed, built, installed, and commissioned five Industry 4.0 production lines, which can produce cables for an array of high growth industries including solar, oil & gas, electronics, and automotive.

PROSPECT REVIEW
The prospects for Ta Win are very positive, especially considering the new strategic direction mentioned above (see “Strategic Review”).

TWC, one of our newly established businesses, will double the Group’s revenue once production is ramped up in the coming quarters. Due to its use of recycled copper, which is sold at a discount to the London Metals Exchange price despite its comparable quality and usability, TWC’s profitability is expected to have a positive impact on the overall Group’s margins.

Cyprium, our second newly established business, will have a substantial positive impact on the Group’s profitability due to its margins being considerably higher than our legacy business. At the time of this report’s publishing, the production lines have just been set up and commissioned. We are now entering the initial stage of ramping up production, which primarily involves hiring and training staff. The market demand for Cyprium’s products is very strong due to the uniqueness of our technology in Malaysia, hence we are confident that we will capture the local market swiftly, and we expect to require expansion of capacity in the coming years.

As for our legacy business TWI, we expect the replacement of our old equipment with new Industry 4.0 equipment to have a material impact on profitability due to production costs savings

妙的是，一群自称是捍卫霹雳机构小股东的委员会迅速成立，同时要求小股东一起反对。

这似乎没什么不好，奇怪的是，他们似乎不大懂得法律上的权利。

两个星期来，他们自称已有超过7%的股权，不过还忧心忡忡，怕累积不到10%而反对失败。

报章的记者也好象并没有SCR的专业知识，一起和他们担心。

非盈利股东 反对票不得超过10%

其实，根据SCR条例，其中一个通过的条件是涉及献议的非利益股东投的反对票价值不得超过10%，即47.1%乘以10%=4.71%，如果他们得到7%的委托（来反对建议），冒冷汗的该是霹雳州发展局，这项SCR想必无疾而终。

http://www.nanyang.com/node/594584?tid=462

Any expert can comment on this????