yfchong: I still earning now. Just a little abit lesser. No point to cut loss for long term shares xD

haha just drop la. I dun even care. I still holding the shares. At least wait until RM5 then sell

Icon8888: just ignore him la. He just a attention seeker. He do this because nobody cares about him. Just pretend him as invisible and no need to reply his post and he will disappear soon.

I think he lacked of love from his family that why must do sometime to attract attention from others to care about him. What a lonely kids :)

For me, i invest with fact and figures. I know this company fundermental not bad but without a good order book it really hard to convience me to invest unless they really got project from china developer. Paperplane: everyone hate u i know. No need to act expert here. This company not furniture company but kitchen equipment and wardobe system. The core business also dun know wan to comment somemore? *Fainted*

Sorry i dun know about this share but i heard the order book for this company is only left 150mil which only can maintain for the most 2 quarter same result with last quarter. Why all people like this share so much? Please share your opinion why it is still undervalue. Thanks

gnail: I remember you hold magni for very long time. Since when you holding magni, what is your entry price? Haha tell people bo chao si.

Increase in profit due to reduce in impairment and director fee not necessary good as it is not a business gain. Anyway this is my opinion trade at your own risk :)

The drop from operating expenses mainly due to decrease in director remuneration and written off of trade receivables. Refer to audited report 2015 page 65 note 23.

For company director drop from 13.8mil to 7.7mil and for other director drop from 14.8mil to 7.9mil. Also, bad debt written off have been decrease from 7.7mil in 2014 to 700k in 2015. Hence the improve in profit is not relating to strong singapore dollar. Hence total effect of 20mil which can be fully reflected the full year profit for financial year 2015.

For director remuneration reduction, i might be temporarily as u cannot control what they wan to pay to the director. Written off reduction i tink mainly due to change of auditor. As written off of trade receivables is determine by auditor, in order to secure this company audit work, auditor might ignore some of the allowance for impairment for trade receivables.

You must remember that although they earning singapore dollar, they also paying the staff cost in singapore dollar.

I mean cold stock that undervalue with good fundermental and grow. This kind of stock can curi-curi simpan without other people notice

But i like this kind of shares. I like cold stock xD

This share i observe for awhile but still dun know why cannot go up. Haha i dun know how to value this share. Maybe revenue and dividend is the best indicator?

I dont invest in china company. I just point out recently some one post about xinghe is the most undervalue stock in bursa. Haha

Icon8888: sure or not. I though china company lagi undervalue according to someone hahahahaha

Magni trading at 8.66 while prlexus trading at 12.24. Wat the hell is going on?

pls la paperplane. That company suffering huge loss. Why buy that company instead of Magni which have a better prospect? Please promote your share in other asdion instead of Magni. Thanks

Using PE11, fair value at RM5.28

wow RM164k.. rich guy spagetti

Now reaching RM6.00 soon. No more RM5 as expected by Joel and pisanggoreng. Unless the company giving extra RM1 dividend xD

You got your point also. Sleep well more important. Haha. Give you a like.

Not good. 1st revenue drop alot. 2nd gst effect will make lesser company willing to spend money on advertising. 3rd borrowing quite high. Why they dun wan to spend money to repay debt?

The bs said they got 400mil cash and 300mil borrowing. Curious whether the cash and bank is real or not. One more queries last year got news report they unable to pay their staff salary for a few months. Quite strange right? 400mil cash but no moeny to pay their staff salary.

Last one i dun like because they owned by kroni of BN. I hate this especially tv3 that keep on "promoting" how good is BN.

Retrentment is good thing but they do this because they foresee the company revenue will be decrease in future. In order to survivr they have to do this.

Just my opinion. Correct me if im wrong

Yapie: you are right. If dun have alot of share flunctuated mean ez to go up. But most of people didnt see this important point. Keep on buy penny share which very hard to goreng the share

Spahetti: is it 280lot? 1lot equal to 100 not 1000

Haha i not concern on that one. I found something good also for this company. As the company this few year keep on involve in legal, hence they hired the female director which have a strong law background. This is the good thing. When debtor dun wan to return money or sue them, this director might got help for this. But my main concern is whether the profit can maintain or not? From.the pass experience u can see it is not substainable. Ya maybe u say the price still cheap and i agreed with you.

But if you invest in this share it is a high risk share but with the high return if it success turnover. I might be 400percent to 500peecent if success. Now see whether you wanted to take the risk only.

Haha good luck all holders. I not buying as i got a better share to buy with a better fundermental.

Hope my point from previous post can help u make decision whether u wan to buy this share. Cheers :-)

So it cause the director to open an EGM to remove the auditor on 8 jan 2014. So now the new auditor, a small auditor scare that they will be remove as auditor, now they dare not provide alot of allowance for impairment for trade debtor. So in the end the profit goes up. This is my opinion. Let's discuss if you do not agree with my opinion

The company director's have been fined for total of rm150,000 on 4 sep 2013 for not providing the allowance for impairment on 2012 financial statement. Refer to announcement on 31 jul 2012, there is an annoucement to explain on the variation between the quarter report result and audited report of 26mil.

Not to pour u all cold water but i found something from latest audited report. The drop from operating expenses mainly due to decrease in director remuneration and written off of trade receivables. Refer to audited report 2015 page 65 note 23.

For company director drop from 13.8mil to 7.7mil and for other director drop from 14.8mil to 7.9mil. Also, bad debt written off have been decrease from 7.7mil in 2014 to 700k in 2015. Hence the improve in profit is not relating to strong singapore dollar. Hence total effect of 20mil which can be fully reflected the full year profit for financial year 2015.

For director remuneration reduction, i might be temporarily as u cannot control what they wan to pay to the director. Written off reduction i tink mainly due to change of auditor. As written off of trade receivables is determine by auditor, in order to secure this company audit work, auditor might ignore some of the allowance for impairment for trade receivables.

You must remember that although they earning singapore dollar, they also paying the staff cost in singapore dollar.

Did not say on the basic keep saying overvalue... Are you thinking it on a right perspective?

Why you still keep on avoiding to answer my question? Why it is overvalue? We talk about the share. No emotional.

Haha before dividend announce, the price is at 4.60. After dividend declare until today, RM5,60.

You really think is because of dividend?

It is because of they signing new contract with US company

Keep on reading the news and did not do research

Please see the following link:

http://www.sam-malaysia.com/wp-content/uploads/2015/06/Latest-News_25-June-2015.pdf

http://www.sam-malaysia.com/wp-content/uploads/2015/07/Latest-News_17-June-20152.pdf

You think all investor stupid is it? Declare 32.2sen dividend and let the share price up RM1.00 in 2weeks time?

If you did not do research, please do so before you make any comment on it.

I know you miss the chance to buy at low price, no need to make negative comment to make the share price goes down

I wont work unless any bad thing happened to this company or market crash.

If bad thing happened to this company or market crash i guarantee you also didnt dare to buy the share even it is RM4 that time.

Wow nice 27% return. Congratz for earning such a good return in this kind of market

Still did not answer my question, what is ur basic of saying they overvalue?

U think they doing magic ke? No need cash to buy material, hire employee and other expenses for earning money? Or u think they doing printing money business? What we mean alot of means their company is substainable and no going concern issue. If high debt if anything happen they might be more probability to go into bankrupt. Somemore they no need pay any interest to the bank. Saving interest, so profit will be more. Not good? Hahahaha

Omg pisanggoreng. For financial year ended 31 Mar 2015, whole year they earn EPS41sen but they paid out 33.2sen as dividend. Not good? 100mil cash holding for work out capital la. Walao u tink they no need cash for their business meh? Cash alot not good? Then u go invest in high debt company then u will know how good is the pure cash company.

What is ur basic of overvalue? Pls tell us

Order book increase, revenue will decease. Good theory. Good luck. Please dont buy now and dun redget after one year. I will pm you on 9 july 2016. Please dont jump from klcc that time for not buying this share.

paperplane2: U buy call warrant?

3.2billion order book. 1 quater 132mil. can last for 24 quarter or 6years. Scare what? 80% of profit paid dividend. Now market not good. People looking for stable dividend payout company. Why dun invest this? Safe play for dividend payout company and huge order book. Potential increase in profit and share price. You dun wan buy because of iliquid? But is it really iliquid? Every day also got volume. U called illiquid. I cannot accept it

then how u value it? teach me please

earning yield 6%? How you get it? Please teach me

pisanggoreng: 15,386k/132,493k=11.61% not 6%. Please dont misleading other

pissnggoreng: Overvalue? Hahaha are you kidding me? Illiquid? But everyday got a few thousand lot trading. U said illiquid? Then why up so much? Oklo please dont buy. I will continue hold. RM3.2billion order book with current price. Cheap like hell. Please dont redget this share double in 9months time. Remember

rosmah: blame The S*** newspaper for coming out news last S********

If same profit for 3 coming quarter eps 73sen. Using pe15 already 10.9. But i can foresee the profit will increased as order getting more and more. US dollar up also help alot for the company in increasing their profit and revenue. Just my opinion

This year alone already signed 1.59billion contract. Remember now only july 2015, which is half way of 2015. See their revenue last quarter 132mil. If same for other 3 only 528mil, which is less than 20percent from their current order book. Cheap until i wan muntah

Haha sure not problem la. They wan to aim to become billion dollar revenue company. Now only less than 500k per year. Pure cash, 3.2billion project (added 25june 2015 new order),double should not be problem. Once the company become bigger, pe ratio will rise again.dividend will raise again. My target for this share is over rm20 after 2 to 3 years time(no joke).

Not good le. In my opinion, better dun invest in sunset business. Another share also similiar to this is umsngb. Also sunset business. Also keep saving cost but revenue keep on decrease year by year. Although the profit increase and PE ratio low not recommended to invest in this kind of shares. Once the industry totally went off, it is hard to recover your money. Just my opinion

Yapie: agree with u. Just buy this share and see the share price moving up every week rather than in and out in penny shares haha

spaghetti: trading not only need to know the fundamental, but also need some skill. Congrats for topping up at right price

Rosmah reentered?

Ya. Now only the share price only 0.005. Target price rm5. Imagine how many percent u can earn hahahaha