Already mentioned in Bursa annoucement, the disposal gains from F & B NUTRITION SDN BHD is utilised to payoff the company's borrowings.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=195308&name=EA_DS_ATTACHMENTS

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2994480

If he sells the same amount daily, in 10 days he would have cleared his 19% stake in the company.

Food for thought: Currently most middle eastern countries rely most of their revenue from oil & gas. Currently, crude oil is trading below USD30 per barrel. Is there a possibility of default in paying up for projects?

Easy reading. Thumbs up!

Yeah, even if the domestic flights are starting again.
Just wondering how many people will be willing fly at this time.
The other question is whether the company will still fly without full load as it will cost more to fly than grounded.

I've traveled Malindo flight (BKK to KUL)6.10pm flghts previously. Only 30% load, still fly. This is the financial risk if you open your flights to customer.

Looking forward for it to breached RM2.
Hopeful to see the contact lens biz to grow next few quarters.

Based on the current financial of the company, they are not able to declare any dividend. Cashflow is very tight. Debts almost RM1 bil.

Besides that, the company is expanding towards renewable energy which require additional capex.

Not many people actually read the contract details.

The Award is conditional on finalising and executing of contract documents and both parties agreeing to the effective date of the Works as of 14th May 2020

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=102515&name=EA_GA_ATTACHMENTS

Oil price is still weak and volatile. But definitely will be low for sometime.

Now most glove manufacturers are moving from rubber glove to nitrile glove(synthetic).

Posted by WinnerWay > Apr 16, 2020 6:18 PM | Report Abuse

Will this impact to the supply of rubber to glove manufacturers

TSMC Q1 net profit almost doubles on strong demand for faster chips

https://in.finance.yahoo.com/news/tsmc-first-quarter-net-profit-054537617.html

Issuing USD bonds to restructure existing debts is a wise move in this low interest rate period.

The downside risk will be the currency depreciation against others.

The best is to be debt free and generating free cashflow.

https://www.cnbc.com/2020/04/15/apple-iphone-se-price-release-date.html

Look at PE again once the Covid-19 is done.

Now the price is factoring in good earnings next 2-3 quarters where almost every single country is stocking up gloves.

Therefore, PE is not applicable for now.

Iphone 12 will continue as plan since China's plant is already operational.

Besides that, current A13 chip are still in production.

Operation in Taiwan is business as usual.

Even there is less demand for latest iphone(9 months later), still will not have material impact as a machine produce 10k unit, now only produce 5k, still needs cleaning. Probably less per cycle.

However, with the even smaller 5nm chip, cleaning will be more frequent.

With new phones coming out with 5G technology and Telco commercialising the 5G bandwith worldwide, 2021 will be an exciting year to watch.

Supply chain is not affected much as Pentamaster has multiple suppliers.

Besides that, the company do keep additional inventories for the parts.

No much impact on Jan-Mar 2020 Q1.

The only issue is less demand for additional ATE or FAS during the period between April-June 2020.

I would expect Q2( apr-june) revenue to drop between 10%-15% compared with previous year quarter.

The best part about Glove is currently there's no replacement for it.
It will not go obsolete.

During recession, it is still needed. Unless all the hospitals and clinics close down.

Currently, more hospitals are being built Eg: Sunway Group.

10 years later, you still need gloves.

Post Covid-19, the backlog should reduce from currently 4-6 months to the normal 1-2months.

For Hartalega, pre-Covid-19, it is running at 85% capacity.

During Covid-19 should be at 100%. Don't need to be a rocket scientist to know this.

Post Covid-19, should be closer to 90% capacity as consumption of gloves increases as world population grows and average life expectancy increases.

Wow, suddenly so many promoters.

https://www.bloomberg.com/news/articles/2020-04-13/apple-plans-ipad-like-design-for-next-iphone-smaller-homepod?utm_content=tech&utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-tech

https://www.theedgemarkets.com/article/mco-tenaga-51owned-subsidiary-declares-force-majeure

Tog Glove is looking for more manpower to increase production.
Sounds like the company needs to pursue more automation.
Else will lose out for those more efficient glove manufacturers.

Rental deferment to non essentials biz is the right thing to do.
Rental discounts to essential biz will help as well.
Free parking throughout MCO period should be encouraged.
However, it is doubtful that the company has a strong financial capacity to pull this off unlike more established malls in Klang Valley.

I felt that the Russian and Saudi Arabians are just giving face to US.
They would never cut their production with a combined 10 mil barrel per day.
Besides that, the production cut effective date starts in May.

Expect the Russians and Saudis to pump to their hearts desire in April.
Both Russians and Saudis would probably pump another 10 mil barrel per day in April, then reduce the same amount in May.

So basically, zero cut.

It's like going to shopping mall to buy Nike sport shoe for RM500 with a 30% discount. Little did you know the actual price was already mark up to cover the 30% discount.

ATE segment impact depends on the demand for smartphones.

Looking at during the lockdown worldwide from China to Asean countries and back to US and Europe.

The questions is how many smartphones (Eg:Huawei, Samsung, Iphones,Oppo,Xioami, etc) are purchased by customers during the lockdown period from February till today and maybe extended to May/June(for US and Europe).

Knowing this answer will reflect the number of semiconductor test equipments needed from February 2020 to June 2020.

@DK66

Since this power plant will generate substantial earnings for JHDP of USD5.8 billion over the next 25 years, it's quite hilarious that the owner of J@k$ did not take this opportunity to accumulate more stocks in the open market last few weeks when it was below 70cents.

The best option would be taking the entire company private a few years back when the company is worth of less than RM500mil.
If the owner is wise, he would never want to share the USD5bil with anyone here.

Any thoughts?

Previously it reached rm1 with short selling pressure.
I doubt that it could reach rm1 again(short sell banned) unless the next few quarter results are horrible.

Maybe they really need another rights issue to help them get out of debt.
But that means at the expense of shareholders.

Well, it still have the risk of not being renewed.

Need to balance risk-reward.

Don't know what to say about the company's management.

It's like "let's start a biz to sell, PPE, glove, facemask, ventilators ,etc

What an excuse to attempt to push its share price.

Besides that, the company should have received all the necessary certifications and approval from relevant authorities, before releasing this news.

No integrity. Say no to Notion-VTEC

PE does not matter at this time as the whole world needs glove and Malaysia is the world's largest producer.

Based on the news article, most glove manufacturers are running at almost 100% capacity.

Besides that, the bosses are saying they cannot meet the current demand and will spill over to next quarter(4-6 months backlog)
As topline and bottomline will support the price surge.

PE will adjust with earnings later on.

@Talib

Not shocking if the results is the same as previous quarter or slightly better.
Firstly, there is no lockdown for the parent company in Taiwan (58% of total revenue)
Then Singapore constitute (19% of total revenue), Singapore lockdown started @7/4/2020.
Then Msia operation (18% of total revenue), mostly O&G, is considered ESSENTIAL.
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You may survey the Covid-19 cases online.

Posted by Talib > Apr 9, 2020 12:51 PM | Report Abuse

it will be shocking if result still l be nice during this pandemic

Let the Q1 results tell the story.
Then you begin to buy if the story is convincing.

@totalnewbie

Do you mean assuming if government extends another 1-2 months, it has no panic sell off?

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Posted by totalnewbie > Apr 9, 2020 12:47 PM | Report Abuse

MCO extend or not also won't cause big panic sell off anymore.
All the fear already factored in 1 month ago when everyone decided to stay away or cut loss

The company is experiencing shortage of key parts for its ATE and FAS products as some of its suppliers couldn't operate during MCO as they are categorise as non essential.

Minimal impact on earnings at this moment due to only 13 days disruptions in MArch(For Q1:Jan-Mar report).

A few of the C-level bosses and senior management of AMbank comes from CIMB since a 3-4 years ago.

Yeah.

Agreed.

Now ROn97 @ RM1.60

But we don't even drive 100km per week.

Really depends on tomorrow decision whether to extend the MCO.
COnstruction and developers are considered non essential.

Imagine it's already 1-month, 0% progress of work for them. And still need to pay the fixed overhead cost eg:employee salary,epf,socso,etc.
Some had huge borrowings, corporate loans are not exempted.

From RM1 to RM2.30 in 2 weeks, that's 230% climb.
Stocks also need to consolidate before climbing further as those who had bought much lower are taking profit now.

Once results out next few weeks, and the result looks impressive, it may climb back to test its 52-week high.

Temporary avoid airline counters.
I believe this Covid-19 put a new perspective of the need to fly.

I travel for biz quite often, almost 48 flights annually.
Now I'm stuck at home but I still able to communicate with my clients worldwide using Zoom. It save travelling time, cost and cut the risk of infectious diseases/flight crash/highjack/terrorism.

Thinking about it , even if the MCO is lifted and other country restrictions on lockdown is lifted, many would not fly unless really required.

As at end of December 2019, power plant progress is 93% as announced.
The remaining 7% should be completed by end April 2020 since there is not much disruption in the development during the Covid-19 period.
Otherwise, it is a delay or hiccups.

Just a thought.

If MCO for Malaysia is lifted, Airasia would restart operation.

But where to fly to when other countries are still in lockdown.

Eg: S'pore just started 7/4/2020(today)

Seems that investors eyeing on MAS.

No one eyeing on Airasia?

https://www.thestar.com.my/business/business-news/2020/04/06/global-smartphone-market-to-fall-23-this-year

Do you know the financial implications of this deal?

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Posted by aiaili > Apr 3, 2020 6:06 PM | Report Abuse

btw, this is old news liao la.. but is considered a good news what, no wonder u come as a newbie la, amateur lol..

Wow, so many promoters.

You didn't read the article.

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Posted by johnmasino > Apr 3, 2020 6:06 PM | Report Abuse

newbie8080:- Vietnam will face severe power shortages from 2021 - Vietnam ministry.

Vietnam’s demand for electricity will exceed its supply by 6.6 billion kilowatt-hours (kWh) in 2021, a figure set to increase to 15 billion kWh by 2023, equivalent to around 5% of the country’s forecasted demand for electricity then, the ministry said in an emailed statement.

Strong demand for electricity lies ahead.

https://klse.i3investor.com/blogs/Jaks%20resources/2019-12-29-story-h1...

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.The reduction is mainly due to some thermal power projects delaying their development, while some localities have not agreed to allow the development of thermal power projects.

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https://en.vietnamplus.vn/vietnam-to-reduce-dependence-on-coal/169948.vnp

I don't like this news

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On behalf of the Board of Directors of Ekovest, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that Timur Terang Sdn Bhd, a wholly-owned subsidiary of Ekovest, had on 21 November 2019, entered into the following agreements:



(i) a conditional sale and purchase agreement with Iskandar Waterfront Holdings Sdn Bhd (“IWH”) and Ekovest to acquire 17 parcels of freehold development land held under Title Nos. HSD 459 to HSD 475, Lot Nos. 3742 to 3758, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 30.49 hectares or 75.34 acres in aggregate from IWH for a total purchase consideration of approximately RM869.69 million which will be satisfied in the following manner:



(a) approximately RM849.89 million through the issuance of 849,887,600 irredeemable convertible preference shares (“ICPS”) at an issue price of RM1.00 per ICPS; and



(b) approximately RM19.80 million in cash,

Actually, nothing much to work harder. Just a click away.

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Posted by DK66 > Apr 1, 2020 10:45 PM | Report Abuse

Worst of covid19 will be over in 2 weeks. Those who haven't bought yet need to rush and work harder.