newbie8080

newbie8080 | Joined since 2018-03-16

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Stock

1 week ago | Report Abuse

@ooihk899
Bro , I mentioned I'm hopeful that the company will find new innovations that will qualify for a new extension.

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2 weeks ago | Report Abuse

Normally, the company subsidiary will have new technology products that will qualify for the pioneer status.
Hopefully, this 1st half 2023 have some new innovation that will qualify an extension.

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2 weeks ago | Report Abuse

Design, Engineering, Procurement, Construction, Testing and Commissioning of Solar Photovoltaic Energy Generating Facility with Ancillary Equipment and Facilities with generating capacity of 50MW on a land located at Lot 45547 (GRN: 124174) Mukim Teja, Daerah Kampar, Perak Darul Ridzuan (“EPCC Works”). The contract sum for the EPCC Works is Ringgit Malaysia Two Hundred Eighteen
Million Seven Hundred Fifty-Six Thousand Six Hundred and Seventy-Five
(RM218,756,675.00)
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3322246

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2 weeks ago | Report Abuse

The company CFO resign on Nov 2022 which is a few weeks before the 2 brothers incident happen.
Any fraud related issue?
https://www.klsescreener.com/v2/announcements/view/3647483

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2 weeks ago | Report Abuse

Give them opportunity to sell again in this IPO.
II) OFFER FOR SALE BY CERTAIN OFFERORS OF 10,500,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN ISSUE/OFFER PRICE OF RM0.34 PER SHARE PAYABLE IN FULL UPON APPLICATION.

But they will have to wait for another 3 years if they plan to pare down 70% level.
Let's see what they're up to.

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2 weeks ago | Report Abuse

It's share price was around 18 cent in trading days in Dec 2022 and surge to as high as 40 cent in 13-Jan 2023 to facilitate the transfer listing to Ace market.
https://www.klsescreener.com/v2/charting/chart/03020

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2 weeks ago | Report Abuse

Latest QR revenue result 20% below estimate as compared with 2021 in prospectus.
Profit margin % also falls 6% as compared with 2021 and below the 11% estimate by IBs.

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3 weeks ago | Report Abuse

Already expected as Apple has decided to proceed with their own RF design since 2020.
Inari would have the next 2-3 quarters worth of remaining contract values to pivot which coincides with their China venture in 2023/2024.

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3 weeks ago | Report Abuse

@kl_guy @salman
I guess you guys don't read announcement from Bursa.
It says 2 directors retiring and will be replaced.

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3 weeks ago | Report Abuse

China’s main Covid-19 variants not likely to pose threat, says virologist
https://www.youtube.com/watch?v=JZIpL0DJlpo
#FMTNews #Variants #Covid19

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3 weeks ago | Report Abuse

@UlarSawa
This is what analyst writes.
I'm just sharing.
Ignoring the emotion, do you think they lie on the numbers?

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3 weeks ago | Report Abuse

@kl_guy
Please check latest QR.
China contribute revenue of RM3,458,00 out of total RM632,531,000 for period up to 30-Nov 2022.
With current ASP, it made net loss RM1,688,0000.

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3 weeks ago | Report Abuse

Local glove players seldom sell their gloves to China because prices in China are even lower.
https://www.theedgemarkets.com/node/650448

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4 weeks ago | Report Abuse

The Board of Directors of SunCon is pleased to announce that Sunway Construction
Sdn Bhd (“SCSB” or “Contractor”), a wholly-owned subsidiary of the Company, has on
31 December 2022 entered into a Contract in respect of General Contractor Services
for Project JHB1X0 (“Contract”) with Yellowwood Properties Sdn Bhd (“Yellowwood”)
to carry out the works [as defined in Section 2(b) of Salient Terms of the Contract] for a
data centre located in Sedenak Tech Park (STeP) in Johor, Malaysia.

(a) The contract amount for the Works is approximately RM1.7 billion. The contract
amount is a fixed-price lump sum amount and inclusive of all applicable taxes.

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1 month ago | Report Abuse

I think you guys are still hoping for another glove mania rally liken the one in 2020 where almost every glove counter surge 500% to 1000%.
Please open you eyes to see the difference between 2020 and 2023.
1. In early 2020, the entire world of population of 8 billion are hearing this word Covid pandemic for the first time.
Panic led the glove inventory stocking up from medical hospitals to restaurant and even individuals.
2. This panic buying cause supply to outstrip demand which led to ASP price hike of 250% to 350%for the same products in just 2-3 mths, layman speaking from USD20 per 1k to USD90 per 1k.
3. Worst still panic buying led to many sectors and industry to stock up glove inventory from normal of 2-3mths to 9-12mths in advance
4. Most customers request priority purchase by putting up advance deposit or prepayment of 20% to 30% , basically everyone is pouring money to glove manufacturers just to get in queue.

Summary:
1. Today in 2023, we have 5 major global vaccine manufacturers that relieve the fear and panic buying of glove
2. In China they are more than 7 major local manufacturers of vaccine.
3. Previously 8 billion population demand for glove, currently only China is desperately needing glove.
The 2 major glove producer INTCO, Blue Sail Medical, others have ramped up capacity to almost 70bil from 25bil from 2020 to 2022 more than even to supply 23 pairs of glove for every chinese citizens including babies annually!
3. Currently, due to oversupply in China alone bringing down the ASP from USD90 per 1k to now only USD15 per 1k and causing massive contraction in revenue and earning for Malaysia Big 4 producers.
4. No one paying any deposits today and not everyone wants to buy glove due to high existing inventory. To be honest, no one interested in wearing mask these days.
5. Most citizens are everyone country has a minimum 2 vaccine shots, so risk of severity had reduced significantly and reducing fear of this pandemic.

Just my 2 cents sharing.

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1 month ago | Report Abuse

Probably less coverage by investing public and institutional during last week of December.
Only Kenanga gave a buy call
The rest of the IB eg: RHB-OSK, AMinvest, etc still yet to give your call.
Besides, this counter tigthly held by the Cheah family and remaining by institutional funds, so less retail activity here.

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1 month ago | Report Abuse

Update for those applying in IPO or Plan to Invest
Referring to Moratorium in IPO Prospectus Pg 7

Major Shareholders are disposing more than 70% shareholding between 6mths to 3 years,

Year 1 Year 2 Year 3
Goon Koon Yin 100,682,711 (21.51%) 94,434,602 (20.18%) 62,956,401 (13.45%) 31,478,201 (6.73%)
Wong Yih Hsow 100,682,711 (21.51%) 94,434,602 (20.18%) 62,956,401 (13.45%) 31,478,201 (6.73%)
Jennie Tan Yen-Li 11,584,289 (2.48%) 10,865,398 (2.32%) 7,243,599 (1.55%) 3,621,799 (0.77%)
Tan Oon Pheng 11,584,289 (2.48%) 10,865,398 (2.32%) 7,243,599 (1.55%) 3,621,799 (0.77%)

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1 month ago | Report Abuse

Toyoven don't have any part in this deal.
The scope of work of the Works will determine the joint venture proportion
between SCSB and PECC2 in the Consortium. SCSB, as the lead consortium, will
indicatively hold a joint venture proportion of 60% and PECC2 of 40%
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=132803&name=EA_GA_ATTACHMENTS

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1 month ago | Report Abuse

@doll
True and very much agreed.
In fact, before they announced CU store project in 2020, the company had been making good revenue growth and very profitable.

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1 month ago | Report Abuse

Looks like they are loading additional debts of USD120mil to fund working capital for expansion.
This will take its total debt to over RM1.1 bil.
In view that interest rates are rising, hopefully they will be financial strong to weather it.

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1 month ago | Report Abuse

Just be cautious as the company grow CU store with more than 50% of the stores making losses as they grow further.
Lease liabilities balloon from RM87mil in 2021 to RM154 mil in 2022.
Cash is dwindling to all time low and expected either a rights issue or private placement in 1-2 quarters from now.

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1 month ago | Report Abuse

If looking on another angle, Dato is paring down his stakes for some reason.
If there is good news, he would not sell a single share.

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1 month ago | Report Abuse

Tik Tok
Time is running out
I hope Bursa Malaysia governance are stringent and will proceed to reject the propose plan and delist Capital A.
A regulator must display fearless and no nonsense behaviour when dealing with non compliance company, else every company will take Bursa Malaysia regulations as mere gentle reminder and no action and talk only.

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1 month ago | Report Abuse

@Investor126
The adjustment of 5% on ASP will only help the company for those customer that are low on inventory.
However, the current inventory level of majority of Topglove's customer are still 3mth-6mth depending on industry. As global ASP drops, China glove producers are dumping glove inventories way below USD20 per1k.
Moreover, we have those glove wannabe players in 2021 are now winding up and their glove inventories are sold down at losses.
Glove companies will likely back to breakeven level when their utilisation capacity reach close to 75%

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1 month ago | Report Abuse

CCTV, traffic and surveillance biz .
Only one big customer, DBKL.
Interesting?

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1 month ago | Report Abuse

Go check out the airasia super app.
The the last 1 month comments says it all.

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1 month ago | Report Abuse

@Nepo

Not sure if related to its financial condition.
Though it posted growth in revenue and net profit, it cash collection from customers its delayed.
It posted negative cashflow since late 2021, bloated receivables very evident as customer delays payment and debts grew more than double to over RM300mil since then.
Signs of trouble that management is not revealing?

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1 month ago | Report Abuse

@OldWiseMan100
I think the website link is as follows for the silicon metals details for EV battery material
http://www.pmbtechnology.com/pmbsilicon/

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1 month ago | Report Abuse

@King_trader_shadow
Before pandemic, it's always at Bukit Kiara Country Resort.
Everyone can attend.
Next AGM should revert back to physical.

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1 month ago | Report Abuse

Tony can't even pronounce the word divestment of Capital A's aviation arm to sister company AAX.
But it makes not much different which entity takes charge of which airplane asset to fly.
One thing for sure, whether is Capital A, AAX or the newly form company Airasia Aviation Group, the shareholders are the same.
Delay tactics.

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2 months ago | Report Abuse

In my opinion, it seems Capital A is seeking extension as it does not have a proper plan in place to address the PN17 regularisation.
It uses the excuse of merger with AAX as a way out and justifying that a merger will need close to 12months to execute.
In the first place, AAX was carved out from Capital A(previously known as Airasia) to garner better valuation for it's long haul business.

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2 months ago | Report Abuse

All shareholders should raise concern on this ESOS issuance in the next AGM.
Besides that, the latest QR result is not great either in comparison y-o-y.
ESOS should only be issued based on exceptional performance internally.
2021-2022, most tech companies did well, thus they should not feel that they performed well.

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2 months ago | Report Abuse

This round ESOS is quite big at 50 million shares.

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2 months ago | Report Abuse

Lol, looking at the company website, this company established since 1993, it took 29 years to reach this level.

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2 months ago | Report Abuse

As expected, the Q1 revenue of RM247mil is even lower than 2019 pre pandemic RM367mil.

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2 months ago | Report Abuse

Q-o-Q revenue doesn't look impressive where sale price avg below USD100pbl.
Now crude oil is aleady below USD90 pbl in anticipation of next year's recession and more China cities lockdown.
My opinion, it's all but over for crude oil rally.

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2 months ago | Report Abuse

Msia glove producer will have limited exposure to China's usage as their own local glove producers eg: Blue Sail Medical & Intco Medical are doing a good job at ramping up the capacity for their own market.
In fact, it's already contributed to global oversupply.

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2 months ago | Report Abuse

Inari really needs to filter the background of CFTC of China since Dnex issue with china counterpart as well.
Hope for more clarification from the next AGM.

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2 months ago | Report Abuse

Earnings already expected to do well in the last 1-2 quarters with heavier rain fall till end september.
Probably, market sentiment is gloomy.

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2 months ago | Report Abuse

Wow.
Didn't expect such a huge miss in revenue.

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2 months ago | Report Abuse

Earnings would likely normalise to pre-pandemic level next quarter onwards.
Higher inflationary pressure together with impending slower growth next year, will likely dampen consumer spending.
Recovery may return once globally inflation issue sorted out.

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2 months ago | Report Abuse

Current Q result with net profit of RM28mil goes back to 2009/2010 earnings.

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2022-11-03 19:50 | Report Abuse

Q3 results coming soon.

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2022-11-02 10:04 | Report Abuse

@neohts
Nvm.
I'll just wait for the next AGM to prompt the question of contingency planning and business continuity planning in the event it's operation in Taiwan ceased.
It'll be good to know if they are to switch to serve other foundaries in Msia, S'pore, South Korea ,etc from their factory in Kulim, Kedah

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2022-11-01 18:54 | Report Abuse

@neohts
Good Q3 earnings.
The only concern is key risk of China threats of taking over Taiwan soon.
Any thoughts to share?