Yeah ED has also confirmed that there will be no main board transfer due to cost considerations.

He will only answer if you are a shareholder obviously. I have contacted him a few times since March.

@Jon, OPCF can be easily achieved at RM1.5-2.0bil. Look at the details. The structure of the loans are such that they will be paid off as the BBC come in. Loan for Claire is fully repaid, the bulk of loans are from their four new projects.

Debt is not an issue at all now given that cashflows are going to be coming in stable and conservative impairments had been made at the end of Q4 2016. Alas, let's just wait and see how this turns out. Armada was my best performer in my portfolio...now just middling around. But I know it's undervalued, O&G is at a cyclical low, and Armada has a firm orderbook of RM25bil. Will hold till the share price hits 1.0x B/V at the very least.

I'm also positive for the company long-term, but now brace yourself for ~RM0.35.

Some positives:

1) Considerably higher CAPEX than in previous quarters. Might pay off in the near future if this is further automation

2) Book value is growing at a good pace. YoY B/V has grown from RM0.2075 to RM0.2439. This is a 17.5% growth, which is admirable

3) Mainboard listing will likely happen now that ESC has met the profitability criteria

Well, guess I'm stuck with this now. At least main board listing to look forward to.

I would say acceptable results. Nothing great, but not bad either. Market may have priced in the worst case scenario, which this isn't, so price may trend higher tomorrow onwards.

Lol what just happened/...

Q out eithier today, tmrw or Monday. Let's hope it is decent enough! :)

@bizzy, I'm still here. The performance does confound me though. The biggest risks are out of the way. Why the hell are we trending down? To me, this is just the market being the market. Sadly between my current position in Armada and in MMHE, I have too high exposure to the O&G industry to top up more. But if it drops to RM0.65 levels again...then sure!

@luke, sometimes big sells queue so someone else notices them and buys at the market price. If they sell all 1.1mil shares to the market directly, the price would drop and they'd lose money while liquidating their position.

Hevea should have 30-40% profit growth. Maybe even 60%.

Left 3 more days...when will it be?

Wow man, some regret is indeed kicking in. RM0.73 is an even better bargain. Lucky for everyone that has been able to buy in at these low levels. Q2 2017 results should be out this week or the next. All the best.

http://www.thestar.com.my/business/business-news/2017/07/24/lower-profits-for-mmhe/

Will find the research report and share it later.

What's the outlook for week ahead? RM3.40-RM3.45 possible?

MMHE should be reporting their Q2 results sometime this week or the next. Here's to hoping for something decent, especially in terms of orderbook replenishment from small contracts (above and beyond the Bokor job).

@Save, Tenaga management doesn't give a rats damn about the call warrants (structured warrants).

Secretly hoping this call fall to ~RM0.58 so that I can buy in again.

Damn, the directors exercise 3 mil ESOS. Dilution even more.

Agree Jon, I bought ESC when I was just starting out...looking back, this was my "worst" buy as I actually overpaid for it. Like you said, so many other "cheaper" companies out there. Alas, I learned my lesson here. It's still a good growth company, but like I said, I overpaid for it. As such, I am very tempted to just exit and forget I ever made the purchase, haha.

Is today's flying thanks to another Hong Leong report reaffirming that the groups expansion and value-add is on track?

http://www.bursamarketplace.com/index.php?ch=research&pg=research&ac=182116&bb=185637

I think NP should be easily RM2bil. Funds will go crazy and Tenaga price will be driven up to RM15.50 in no time. If NP is at RM2.3bil++, then expect a rally to RM16. Historically Q2 is a weak quarter. Previously year Q3 very strong, strongest ever quarter, that's why electricity output down in March and April. But it picked back up in May...so can we match last year Q3 results?

Ash, kits nantikan. Results will be out sometime between tomorrow and next Friday.

Weaklings. Those who sell are weaklings. Never sell unless them fundamentals change.

I hope this is an actual rise, not just goreng goreNg. CIMB Principal major stock holdings all rose today. Could just be them injecting more in Hevea.

But today was a good day for my portfolio, ESC up by 10% and Hevea by 6%.

Jon, I've seen you around. You should be smarter than to know that what happened today is what we call "churning". I am definitely tempted to sell (even at a loss) cause I find it hard to believe that ESCeramics could deliver the expectations. But then again Esceramics is the smallest part of my portfolio (on a cost and M/V basis), and the glove industry in Malaysia is expected to grow (in terms of raw output) 10% p.a. over the next 5 years...so maybe I just let it roll. Huh...tough times. Gotta make a decision. What I guarantee though is that if it hits RM0.48 before the results are out, I would have sold (I already queue there).

Micsoh, I honestly suggest you take out 50%. Better be safe than sorry. This is not a gambling den.

Btw, tmrw I think engine will run again.

Really ah, nobody is a mod? Just delete all those idiots who doing this shitty spamming. Childish. How can childish people trade stocks?

"It is the darkest before dawn".

I got in at RM1.82...anyone who can buy in at RM1.75 should be even luckier!

It is in the deepest pits of hopelessness that hope emerges once more.

If you have studied Graham, Buffet and Lynch, then you know that this is a stock that screams "BUY". Of course, provided you have a long investment horizon and the patience and fortitude to believe in your picks.

Calm down sir. There is a big chance this will surprise on the downside. If it drops after quarterly result out, wait to buy in at 32 Sen.

I do however envy those who bought in at RM0.755 today, at a 4.5% discount to my entry price of RM0.775. Who's to say though...it could go lower, and be a better buy the lower it goes. You need to have that believe, otherwise it may seem foolish to buy into a stock that has been trending nowhere but down (aside from the excitement in April over the Bokor award).

Do you hold any MMHE shares? What was your entry price?

Yeah, this is pretty good. I will top up every 10% it drops, so at RM0.70 I will double my capital in this. I'm playing the long game...this is not gonna ruffle my feathers! :)

It has ding dong around the same narrow range in the past few days. Likely momentum will build in one direction - which way...up or down? Kita nantikan...

Guys, some serious discussion now, just a month away from next Qtr report. How many actual malls does Parkson own, and how many do they operate? Any idea?

Is the Maju Junction mall owned by them, or they just operate it only? The Lion Qingdao Mall...it's listed as Parkson's property and on their balance sheet, but then why the name is Lion?

Walao weh....AirAsia just too many roller coaster. All my stocks are stable (flat, rising, falling)...this one already power up/down/up/up/down/down/up/down/up....since Feb 2017. Luckily it's just a small portion of my portfolio, don't lose much sleep :)

This one got so many power when it want to perform.

@DollyChai, see my comments on this website on other counters.

In May, the final choice was between Hevea and Prolexus. Based on my risk analysis, I chose Hevea.

In June, the final choice was between Tan Chong and Prolexus. Again, I did a risk analysis and chose Tan Chong.

In July, the final choice was between MMHE and Prolexus. I was very tempted to get Prolexus this time, as it had met my buy-in price, but on the whole I saw MMHE as a fatter pitch.

So now I relegate Prolexus to August. I will monitor and top-up Tan Chong/MMHE if needed, but likely Prolexus will be a buy if it remains at the current price levels. Another company I am studying at the moment which might prove to be the better buy depending on circumstances is Asia File.

I hope you understand my logic. Prolexus does not exist in a vacuum. My final investment decisions are always made when comparing two good prospective options.

Well Dolly_Chai, what better way to achieve better margin of safety than to BE PATIENT? As long as there are no immediate re-rating catalysts, what's the hurry? Besides, this is not the only stock on my watchlist. I believe I will buy it, someday. Just not yet. I figured this time round it would be better for me to buy MMHE.

To me, being patient pays off. Monitor 10 stocks. Buy the one with immediate catalyst. Wait for the others to go much lower. So far it's a good strategy for me. Look at my comments on MMHE forum on this website from 2 months ago to see how I was patient and waited, and bought at my target price.

You think it's luck, I don't think it's luck. The opportunities that pass...I let them go. But the opportunities that do present themselves...those are the fat pitches. You need to understand the relationship between risk, probabilities and statistics to see what I am doing.

Affin Hwang downgrade AAX from 47sen to 27sen, will this impact AA? Anyone read the research report to see the full details?

No catalysts, earnings will be terrible this/next week. Share price to trend towards RM1 as people sell property counters, which have risen this year far ahead of fundamentals. Property market to only recover H2 2018 at earliest. Hold your horses and wait for a better bargain.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5488009

Might weigh down share price tomorrow. I will enter if it gets to RM0.50-RM0.55.

Our friend have nice things to say about Tenaga. Tabik bos!

http://www.theedgemarkets.com/article/najib-tnbs-global-expansion-helps-raise-value-listed-entity

What's the technical reading like? Can we end the week at RM3.30, or RM3.50 by end of next week?

For those who are invested in Prolexus, I have some questions to ask and I hope you'd be willing to share with the rest of us.

1) When and at what price did you first buy in to Hevea?

2) Have you added to or reduced your positions once the price tanked after the quarterly report?

3) How long do you presume the share price weakness to last? Is this the bottom in your opinion, or do you foresee it going lower still in the coming weeks?

4) Do you still believe in the Prolexus growth plan? When do you foresee a positive turnaround in terms of topline and bottomline?

Thanks!

PS: Just wanna gauge the opinion of Prolexus investors on this forum.

AirAsia is too volatile for my liking, reach RM3.50 again and i am out.

Waiting for 2.80...might be a good entry level.

I urge all current and future investors to read through the ENTIRE report shared by our friend above.

Thank you 77Huat77, initiation report is the best as it covers all aspects of the company exhaustively.

Its true, but what I meant was don't just use EPF transactions as your basis to buy/sell. They visit management once a year for a small company like Prolexus. And yes, even discounting GLCs, EPF is more often "wrong" than "correct" with their investment ideas.

@Gabriel Khoo, it is NOT on bursamarketplace. UOB research is not published there.