Can the management be trusted with this kind of practices?? Haha... Only the operators know... May be got more NEWS coming out...

Opps...

"KUALA LUMPUR (April 4): Metal roofing and safety glass maker Ajiya Bhd saw a deviation of over 22% between its unaudited and audited financial statements for the financial year ended Nov 30, 2016 (FY16).

Ajiya said there is a RM4.22 million or 22.54% deviation in terms of profit after taxation and minority interest (Patami) between the two sets of financial statements, after its external auditor Messrs Ernst & Young completed the audit for FY16 accounts.

Ajiya reported a Patami of RM18.712 million in the unaudited financial statements for FY16, compared to a Patami of RM14.494 million in the audited one.

Bulk of the variance, according to the group, was due to dividend to minority interest of a subsidiary company amounting to RM2.9 million, which was not added to the amount attributable to minority interest at group level.

Secondly, the group also did not take into account additional bad debts, foreign exchange loss and other administrative expenses amounting to RM1.01 million in the unaudited financial statement.

The remaining RM309,000 came from additional provision for taxation and deferred taxation for the year.

Ajiya, however, did not state why the errors occurred."

Dear iQie,

Thanks for the info. Family run/control listed companies tend to be more conservative as compared to younger generations CEOs to release the value... Chin Hin is 1 good example with a lot corporate activities.. Even AZRB also got private placement from institutional funds.. They sama sama goreng from ~0.6-0.7 to 1.00 level and tahan there...

Dear iQie,

You have mentioned multiples times that AK dont want to sell his share below RM2. May I know where did you quote that from? Thanks,

I think a lot of people have phobia in the 0.705 - 0.72 level... 23rd and 28th Feb 2017 are the historical days where retail investors were kena con and manipulated GAO GAO. Sharks reap huge profit there.

*Chart wise, i think the upward trend is still intact.

Lai liao... Will history repeat itself??

Most likely have to wait till next Q results...

I don't think the price will drop as organic growth is still intact. Most likely it will just consolidate around 1.36 - 1.39... Of course, you can't expect it too skyrocketing unless Alibaba wants to venture into Furniture manufacturing... haha... Insiders were not selling (much) too. Usually, insiders will have reacted ald at the afternoon of the Q result release day.

The result is actually not bad. "The PBT for the current quarter is lower than the last quarter due to the determination of additional bonus in January 2017 in respect of the financial year ended 31 July 2016."
Dividends paid to shareholders of the Company is 13.676m (10 cents div) VS 5.471m previously (4 cents div).

*The renewable energy segment has finally turnaround with PBT RM0.3 million for the current quarter compared to PBT RM0.2 million in the previous year corresponding period. The improvement was attributable to better operational efficiency and cost controls.

Coming...

"Minister: IBS to be compulsory for construction projects in 2018
By Ahmad Naqib Idris / theedgemarkets.com | March 20, 2017 : 3:40 PM MYT

As at May 2016, Fadillah said about 69% of government projects used IBS, while the adoption rate by the private sector is still low at around 14%, according to CIDB's study in 2014."

Room for improvement?? lol

"AHM's major customers comprise mainly of government agencies and GLCs

The Vendors have provided profit guarantee of Ringgit Malaysia Fourteen Million (RM 14,000,000) over a period of two (2) years commencing 1 January 2017 to 31 December 2018.

Additionally, K-One Tech has the right to nominate one (1) director to AHM’s Board."

I.e. RM14m-RM8.7m=RM5.3m "profit" = RM0.6625m/Q (Assume the profit guarantee RM14m is PBT)
K1 FY 2016 PBT record:
Q1: -1.193
Q2: 1.316
Q3: -2.262
Q4: -7.08

*Put aside the unexpected factors and based on the facts we have, I think it is a good business. In fact, this is what i meant diversification and K1 even claimed to have synergism. "K-One Tech will use its technology expertise to enhance and complement AHM’s provision of security services to its customers. It will work with AHM to lace the conventional security service with technology ".

Private placement is to:
A) Good intention: Really has good faith and confidence in turnaround of the company based on organic growth/business injection/diversification
B) Bad intention: Pure intention to tipu money from shareholders

Anyway, either way will have to goreng 1st... Only the operators know how much they want to goreng... It depends on how you want to benefit from the private placement.

Notion also increased from ~ 0.4 to > Rm1. I believe similar goreng will happen sooner or later...

Hope analysis...

Personally, i don't agree "For a newbie, it’s mandatory to make a portfolio for about 10 to 12 companies in order to buy best stocks."
- Depends on how rich is that beginner??
- Most common scenario for beginner: Diversification did bring risk reduction but hardly wealth intensification (as chances are they counterbalanced each other). And when a market goes for major correction, no stock can escape.
- I think max 5 at 1 time is the best and always use the EXTRA money. Otherwise, systematic cut loss and self-discipline are the 1st things to learn.

U can't expect AZRB to fly suddenly like the others unless got goreng...Is good enough for me if it can grow steadily... RM1 is possible if following quarters are good with growing earning.

"The Oil and Gas Division expects increasing contribution from its operations at Tok Bali
Supply Base as the port continues to develop and mature.

The Plantation Division has also commenced operation of its palm oil mill
which would greatly help the division in delivering desired results to the Group beginning
2017.

The Property Division is currently planning and embarking on several residential
development projects for launch in 2017. Upon the successful launches of these projects, the
Property Division will be expected to contribute positively to the Group."

If everything is going on accordingly, the future is bright...

增持巴迪尼至5.17%．英SOMERSET资管成显著股东
英国SOMERSET资本管理公司大幅吸纳巴迪尼控股，持股量达5.17%股权，首次成为该公司显著股东。

（吉隆坡23日讯）英国SOMERSET资本管理公司大幅吸纳巴迪尼控股（PADINI，7052，主板消费品组），持股量达5.17%股权，首次成为该公司显著股东

Lai liao...

Yesterday was a free fall shooting star... Today?

"Eversendai Corporation Berhad (“ECB” or the "Company") wishes to announce that its wholly-owned subsidiary, Eversendai Construction (S) Pte Ltd (a company incorporated in Singapore), had incorporated Eversendai Steel-S Limited (“ESSL”) under the Companies Act 2006 of England and Wales as a private company limited by shares (“the Incorporation”) with authorized share capital £1,000,000 (RM5,600,000) comprised of 1,000,000 shares and initial paid up capital of £1,000 (RM5,600) comprised of 1,000 shares.

ESSL will be principally engaged in the provision of businesses relating to building development, construction of commercial, domestic and other civil engineering projects.

As a result of the Incorporation, ESSL has become a wholly-owned subsidiary of the Company."

Volume still not enough... At least need to close at 0.64... Gambateh!!

Wait until contract values of the 2 projects to be disclosed...

Dear Mr. Tan KW,

My stock picks are as below:
1. JAYCORP BHD - 25%
2. K-ONE TECHNOLOGY BHD - 15%
3. MIECO CHIPBOARD BHD - 20%
4. EVERSENDAI CORPORATION BERHAD - 40%

Thank you.

more and more articles coming out... goreng time??

It's not a fair comparison to compare lands of Bukit Tinggi to the lands of Bandar Malaysia (Sungei Besi Old Airport). Compare land size, bukit tinggi lands sure win. I think Sabah and Sarawak also have a lot of lands. But we are talking about value (per acre) now as well as how far and how high it can go in both short and long term future...

Dear Tan KW,
I would like to participate if possible. I will submit my stock picks 2017 tomorrow. Thank you.

There is 1 general twisted mentality thinking: living cost up, and so salary must up.

More correct statement is living cost up, salary up, job delivery quality also up. What i observe now is quite some graduates demand (high) salary using the environmental excuse but forget to convince employer how they can contribute toward company productivity and how they differ from the other job applicants...

I think 0.53 is a good support... Volume is high.. Q result will not be that bad...

Mantap...

Let see how long cold eyes effect can tahan...

3 billion fund coming...

"Eversendai reported its latest secured contracts for this year worth RM1.8 billion till today. Our current order book and tender book now stands at RM2.5 billion and RM20.8 billion respectively."

FY16E targeted RM2.0b replenishment ACHIEVED!

Nov Q results should be a good one. Time for turnaround after all the (debt) restructuring... If other furniture companies (e.g. Lihen, Hevea etc) are doing good, Mieco should be too.

Increase debt-to-service (DSR) ratio to 70-80% is non-sense and not realistic. The person does not need to eat, entertainment, transport, basic needs, insurance and emergency funds??

Loan tenure 40 years is the same... assume a person can buy at age 25 (Mostly is age 30 in lieu of current house prices vs salary) ... He/she has to pay installment due to 65...

**They should instead tighten the rules and restrictions for high end houses and for foreigners... (Though unlikely in Msia political scenes)

Mantap...

kakashit must hold a lot... haha... Hopefully, this time is real...

Kllow wants to collect at lower prices?? lol...

K1 usually will deliver stronger/strongest result in 3rd and 4th Quarter of the financial year... It all depends on the management board. The turnaround is already bearing fruits but you can't expect it to offset the loss of revenue from the operation terminated/withdrawn immediately... In terms of technical, 0.19 is a very strong support.

Anyone can always yell whatever price he wants... But we ourselves should remain realistic...

Time will tell especially coming this week...

Act i never hear K1 has ever released news about drone making business... I only know patience is needed for this turnaround company... If the management screw up, then so are the shareholders especially ikan bilis like me...

Kind of expected 2nd Q results:

"The Group’s sales for the first half of 2016 decreased by 42% to RM41.2 million as compared to RM70.5 million for the same period last year. This was mainly caused by sales contraction in the mobile phone accessories’ business, which is in line with the Group’s strategy to intentionally move away from this highly competitive business where severe margin compression prevails.

Nevertheless, it was heartening to note that sales of electronic headlamps and floor-care products registered encouraging growth quarter over quarter, although these sales increases were not able to cushion the adverse impact from the mobile phone accessories’ segment.

The Group expects sales for the second half to be satisfactory, which is expected to surpass the first half, although restrained as the Group pushes forward to conclude its strategic withdrawal from low margin products, while refocusing its resources on the above mentioned niche and high barrier to entry products which are in their introductory and growth stages."

Goreng day is the day when K1 can go against market and pull of prices up without much volume...

Suddenly so meriah here... haha... To close 0.22 is good enough for today...

Buttercannotfly, I agreed that K1's biz structure is dull and boring. But as long as it could maximize and maintain the potential profit, it is good enough for me. K1 financial status is still healthy... So, chances are plenty.

*Salutica is HOT but the bluetooth thing is not a real new tech... In Msia, goreng is unfortunately the way...

For the period under review, the Group recorded a revenue and net profit of RM116.1 million and RM10.2 million as compared to RM177.7 million and RM35.1 million respectively in the corresponding period last year (35% and 71% decrease respectively). Malaysia and Singapore segments recorded
sales and net profit decline as compared to the last corresponding period.

Buttercannotfly, 30 cent is possible as i believed that is the reasonable pricing provided it is as what i commented on 21/7/16 (below).. Panic selling has hurt K1 so much...

Put aside currency exchange loss and shrinking segment. Plus growth of new segment.. Hopefully, "it is expected that the Group’s sales in the second half of 2016 to be stronger than the first half." will be true and push it back to 30 cents... 21/07/2016 12:40

2nd round push ald started?? Tomorrow at least touch or even close 0.22...