@ Hwai Hooi

Disposed via direct business transfer.

Wow, so happy to see it above rm1.10
Most of us waited for many months.
Finally, it blooms.

@ alex3388

There's a few in Asia. Check the IPO prospectus.
It provides comparison in market cap, revenue, profit,etc

Slowly and steady towards rm4.

Yup
Quietly moving while other chasing MI and Penta.
Looking the result, it's improving.
Possible to reach rm1.

Chip makers affected by slowing demand for smart phones.
Recommended to diversify to other tech company is other areas.

Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Direct Interest:- 1. Disposal of shares through open market and direct business transfer.

@ richcares

Direct business transfer on open market.
Not disposing without any reason.
A company or investor absorb it as they sold.

@ witan

Every stock pick is different. Different industry has different PE average. Besides that, even within the same industry, each company has different products and target market.
Moreover, some companies has competitive edge and some has better profit margin.
All this will be factored into the PE.

If you do not prefer Vitrox due to high PE which is unjustified, you may choose other counters.
I do agree that the current PE is quite high but notice that the company revenue(eg:Quarter2) grows more than 30% than previous quarter in 2017.

So may want to use forward PE instead rolling 4 quarters PE(current PE)
Then the PE would be much less.

Just my 2 cents.

@ Speedy Boy

No need to have fast and furious stock price.
Slow and steady is best.
Compared with 2 years ago(2016), it's stock price average 0.2 only.
So it has grown 400% since then and considered very impressive.
Of course it you had bought it a few months back then you probably have to wait for the next wave.

@ Larrytrader

Agree with you.


@sincere_analyst

Will reach rm8 soon.

@ sincere_analyst

Run for what?
The counter is not going to limit down.

Already up more than 100% since July.
More legs to go?

Small drop compared to the 2 months rally.
Opportunity to topup.

@ Uncle Kopitiam

Who is your friend?

Everyone looking for the next 10 bagger.
Inari, Penta, Vitrox,Topglove, Harta,MYEG,etc have been already.
Find the next!!

It's a bargain buy at this moment.

Waiting for another bonus issue announcement by year end.

Wow.
Seeing above rm1 once again.
Hopeful that it will stay up above rm1 for good.

@ Birdbird

Please don't spread fake news.
The company has borrowings of rm7.8mil.

@ trademaster

I don't suggest you chase this stock up. It's too late to jump in even if it retrace back to rm3 unless you had bought much earlier.

Wow.
Impressive rally.
Reaching for rm4 soon.

@ ToolPusher

Please do it.
Short it till limit down.

Let's come back to the topic.
Arguing also no point.

May not get so many scenarios.
If crude oil dips back to USD40 and below, it's the end of the road, more like PN17.
EPF, KWAP, etc will be the laughing matter just as during Dr.Mahathir reign dealing with BNM Forex losses of USD10bil in 1990s.

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Posted by spinninglotus > Sep 16, 2018 11:51 PM | Report Abuse

Post rights issue, failed OMV= 25 cents
Post right issue, successful OMV=60cents to 90cents
Post rights issue, failed OMV, multiple new contracts= 40-60 cents
Post rights issue, failed OMV, no good contracts= PN17

These are the expectations.
Only can be changed by Raja Shahril---> OMV success and new contracts win....PrayKauKau is the key!!!

@ latuk

Why not hold on for next few weeks?
It should go above RM1 again, given the crude oil is still strong.
You didn't make mistake, just need for patience.

@ latuk

What price you bought that you need to cut loss?

Still have legs to go above rm3

Unfortunately, the sale of Sapura upstream proceeds will go to reduce the debts. Thus, it will not have significant value added to the stock price. Unlike if the sale proceeds goes into the company's retained earnings for future expansion probably would increase net asset value, which would value the company upwards.

The rights issue proceeds also goes to pare down its debts.
No value add to the company other than some interest savings.
Even the net asset value becomes HALF after the rights issue.

@ latuk

What do you mean "no real profit"?
Even exclude the goodwill. The company still has net profit.

Did you miscalculated?

@ latuk

I'm not sure why you mentioned underperform for both stock and management.
You may make comparison in terms of revenue, profit & stock price since 2016 when the company's oil producing assets starting to bear fruits.

So they are underperforming?

@ Yael Jasper

Don't expect dividend anytime soon.

Stock price is one thing but the company seems to be able to generate good profit and above average profit growth quarter on quarter.

In my opinion,it needs to factor in the insider trading issue as well. The company also has the lowest efficiency and innovation among gloves manufacturers.
PE=18 (10% off PE=20 allocated)
Based on latest rolling 4Q EPS=0.16, RM2.88 is fair value.

The last quarter eps only 1.5 cent. How to achieve 5 cents?

If related to Lim Guan Eng, it would have limit up on the 1st trading day after election result just like Opcom.

@ VenFx

Retrace?
Looks like going to hit rm3 very soon.

I still recalled when it was 0.10 and normally top 5 highest daily volume.
Really miss the train.

Sorry to ask.
Am I in the right topic?

Seems everyone is so excited about this counter.
Expecting it to go RM1.80 like J@k$?

5G technology still long way to go.
Don't think it will be out in major developed cities even by 2020.
Too expensive to deploy(READ before comment).
Most Telco in Japan, US and UK are experimenting only.
For now, limited 5G equipment are manufactured.

Wow, so many ads here.

Who is Howard?

Oh.
What happen to the share price?
I thought it was RM0.95 a few months back.

@ trulyinvest

That's true.
But you hardly able to make mistake if you choose the right one and keep it.

@ kyy_superinvestor

Why would you even consider to look at 2nd class company.
You have Inari, MI, Penta to choose and you pick Unisem which made THREE consecutive quarters of negative growth.

Apa la!!

Why you guys trade like that?
Day traders?

If you had just bought it in 2016 and keep it till today, you would be sitting on a gain of 700% in just 2 years, without doing anything.

Those who still remember those companies in the 90's where in those days ,you still have T+7.

Many did rights issue similar to this counter, but some failed and declared bankruptcy due to mismanagement, scandals and manipulation of share price.
Sapura Energy seems to heading that way. The only difference now is KWAP, PNB, etc are coming to save it.

Whether the company would turnaround, it really depends on crude price over the next 2-3 years and the CEO steering the company. Major shareholders may pump in capital but if the person who steer the company does not have the wisdom, it goes down the drain at the end of the day.
Look at PETRONAS for example, even when crude oil is at USD30, the company still manage well with of course dent to their profitability but the company came through since. But PETRONAS did cost cutting measures like the VSS in 2016.

What did Sapura Energy did? I think none at all.
I believe the CEO still getting his RM80 mil salary package despite the headwinds.

I'm very surpise after all this , many i3 members still wants to support this company.
Even EPF voted out by selling down.

At the end of the day, do you still want to support this unethical CEO and the way he mismanage the company by digging a bigger hole.

Most selling pressure has been absorbed.
Next should be better.

@ tomtom

Sure won't reach 0.30?