And JayC calculated RM260mil per annum(next quarter PAT is RM65mil??)


So many differences.

Anyway, just wait for the QR will know it.
Chill, just sharing.

@ Dericlock

I think the differences is because you calculated RM300mil net profit per annum(Means you are expecting RM75mil net profit after tax this coming quarter??)

Whereas OrlandoOIL calculated RM165mil per annum (next quarter PAT should be RM40mil??)

Mine only PAT RM100mil per annum(next quarter PAT should be RM25mil)

Note: PAT exclude good will and extraordinary gains from sale of assets

@ Asdfghjkl

Interesting view. Thanks for sharing.

Actually at current price is already reflecting fair value.
I think many are too optimistic and hoping the price to go above RM1 (PE:15)with Sabah PSC.

At RM1.50-RM2.00, as most are anticipating, the PE=23-30 for a small cap.
I think it's too expensive.
You guys figure that out.

@ Asdfghjkl

You know something that we do not?

@ Dericlock

My estimation is for total 4 quarters PROFIT AFTER TAX.

Quite close to your PBT if include tax.

@ amusementworld

Actually after looking at the Sabah PSC acquisition, assuming it contributes to hibiscus total net profit , the current price is more or less reflected it.

Safe assumption that 4Q profit=RM100 mil, excludes goodwill & extraordinary gains, at price of RM1 is already PE 15.

This company is not related to Jack Ma's Alipay or Alibaba.

Refer to IPO prospectus page 92.

It says that Revenue group is the only partner with "Company A" in Malaysia.

Note: Alipay is already with GHL and Ipay88 in Malaysia (Page 113)

Good opportunity to buy lower.

@ wiki123

Supermax & Kossan are smaller. Probably have to factor in a discount(10%-20%) to the PE as compared with Topglove & Harta.

Once next QR is out only will know the additional impact on earnings.
It supposed to be factored into the stock price but it seems muted at this moment.

Anyone knows the result of todays court hearing for TG vs ACPL?

Shahril should opt for RM1 salary instead.

Yup, KYY will likely continue to accumulate till it breach MGO, then his voice will be heard.

Tomorrow court hearing. After 5pm should know the result.

EPF buying like no tomorrow.

Shahril remuneration does not commensurate with the company's performance.
His bonus should turn down.
But somehow voting FOR still above 80%, meaning most shareholders agree!!

Probably KWAP trying to accumulate a sizeable portion before a bonus issue is proposed.

@ rlch

Please do not spread rumours.

An engineer to be your personal assistant? Must be a very expensive role to play

I believe the 4 IPP are Malaysia based.
As for J@K$, the plant and its operations are in Vietnam.
Similar to YTLPOWER Wessex Water, our minister would not have jurisdiction to terminate YTLPOWER's operation in UK.
I don't see any issue.

Wow, very volatile.

One day up 20 cent, next day down 20 cent.

@ hollandking

Going towards RM5 very soon

@ teoct

No hard feelings.
Just my opinion.

Yup, daily volume growing.
Looks like it's going to surge back to RM1 soon.

The share buy back quantum too small to push up share price.
The company is not genuinely buying much.

Real share buy back will look like YTL Corp or YTL Power.
Everyday consistently more than 5 mil share buy back.

WOw, almost RM1 already.

I recalled a few individuals here saying it will reach RM2 soon.

@ teoct

Since you're so confident crude oil will surge to USD100 soon, I suggest you buy up Hibiscus as much as you can today.

@ray1980
@JN88

China only contribute 2% to Topglove total sales.
Very small, no impact from trade war.
Refer to article below:
--------------------------------------------------------------------------
http://www.theedgemarkets.com/article/top-glove-targets-china-market-sales-surpass-japan-next-five-years

Buy low and keep for kids education or your retirement.

Worth for long term investment rather than contra play.

If Aspion directors are providing profit guarantee, why the need to worry?

Unless, they are frauds. But according to the news, they are willing to defend themselves and will prove Topglove wrong.

SO I guess the we can take their word for it since the S&P have the profit guarantee clause in it.

Unlikely for crude oil to exceed USD100 per barrel anytime soon.

Saudi Arabia & Russia is ready to pump additional 2mil-3 mil per barrel into the market which would bring crude oil closer toward USD60 instead.

@ geraldt9

Yup. Misleading. Initially, I alsothought the share price had dropped to RM1.20.
Anyway, everyone has it's own way or different perspective.

@ Shareview123

I believe 10% of the total shareholding is disposed by a single individual and his name is mokhzani Mahathir.

It's going to try RM10 soon.

@ trulyinvest

If buying to invest and keep for long term should not be an issue.

Your id already says it all.

Topglove issue is an opportunity for us to buy cheaper Supermax.

E&P segment alone worth A$2.7 bil?

For current Quarter revenue by segment for SAPRNG:
E&C 665,621 ('000)
Drilling 183,387('000)
E&P 209,772 ('000)

So SAPRNG should be worth more than RM0.61?

@ pingdan

Totally agreed with you.
There was plenty of opportunity to purchase it below RM9 yesterday.

Have to see this week if the share price can sustain above RM4.05.
Topglove as leader of the glove manufacturing is affecting the entire industry's sentiment.

@ geraldt9

apolloang , calculate as follows:

His average is RM1.40. He had sold half of his shares at RM1.60, gaining RM0.20.

Taking the gain into account, he is saying RM1.40-RM0.20=RM1.20

The share price had never reach RM1.20.
His own way of calculation.

On 4/4/2018, Topglove already recognised the issue but waited till 6/7/2018 to announce to public.

---------------------------------------------------------------------------------------------
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5849173

2nd limit down?

At the moment it doesn't seem like touching the lower limit of rm8.47 yet, unless another wave of selling.

Seems glove makers always have scandal on their backs.
Last time was Supermax,now Toglove.

I guess next should be either Kossan or Harta.

Wow, all glove makers share price impacted from the Topglove issue.

Gkent MRT2 encountering issues

The relationship between China Communications Construstion Co Ltd and its JV partner GKent is understood to be fraying at the seams because of issues. The two companies have a JV called CCCC-GKent JV on a 51:49 basis.

The cause of the problems is understood to be the RM1 billion systems work package for the Sungai-Buloh-Serdang-Putrajaya MRT2, which the two companies had bagged in Aug 2016.
MRT Corp officials said they are watching them closely.
Without any replies from GKent, it is difficult to gauge how issues concerning the contract may impact the company or its RM5.38 billion order book.

Meanwhile CCCC has been-GKent JV comes on the back of the Malaysian government suspending work on the RM81 billion ECRL.
It is also worth nothing that CCCC in partnership with CCCC Sdn Bhd, might have been one of two companies shortlisted by the BN government for the construction of the RM45 billion MRT3.
GKent’s chairman Tan Sri Tan Kay Hock, who controls 42.21% stake onf GKent is lcose associate to Najib. GKent’s success in recent years was the result of strong political connections.
Its fortunes changed when from dealing in water meters and diversified into rail construction, largely JV Ampang LRT project, LRT3 and other lucrative large rail jobs.
However since the BN government was toppled, things have taken a turn for the worst at GKent and the market has reacted to the uncertainty surrounding the company.

Till 06 July 2018, the company had shed 70% since GE14. The sell down in GKent can be attributed to its weak earnings prospects. With its future projects more or less gone, most market watchers were banking on CCCC-GKEnt JV’s MRT2 contract to maintain its earnings. Now (July 2018) even that seems to be in trouble.


While its outlook appears dim, GKent had cash and bank balances of RM396.74 million as at April 2018 while its short term borrowings stood at RM51.01 million and RM2.21 million. Retained earnings amounted to RM257.95 million.

Prasarana taking over LRT3?

Means taking over Gkent as PDP?

@ Harold Huong

Agree with you.
Seems not likely that Topglove management does not know it.
Unless they are conning the investors.

If this looks like another case of TRANSMILE, I think this is the end of this counter.

Based on the SSM, last quarter result only RM7 mil.
Multiple that with 4 Q is RM28 mil.

Topglove valued it at 17 times PE = RM476 mil.

Aspion should not be paid anything more than RM500mil.

@ tw01

There's many counters to invest in.
If not for MYEG boss to invest in, I don't think this stock worth to look at.

It's speculative, and hoping MYEG boss will do bring more value to the company.

To be honest, I would not bet my life savings on this counter.