DSN but he is too busy now

How can you allow to pay a director fee of RM 408000 when the company share price has dropped to pit hole???!!!

Do you even care for your investors?? Disappointing!!!

GOOD BYE

Why is the market cap of this company so tiny???

Like kacang putih

Bye bye

15-Nov-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 500,000 shares on 12-Nov-2018.

https://klse.i3investor.com/insider/substantialShareholder/5252/15-Nov-2018/443600_2958978789.jsp

https://klse.i3investor.com/blogs/hleresearch/181304.jsp

Please try to convince us this is a good company. Show us facts and figures

Sasbadi Holdings - Downward Trend to Continue
Author: HLInvest | Publish date: Thu, 1 Nov 2018, 10:38 AM

Sasbadi’s FY18 core earnings of RM8.0m (-10.7% YoY) were below ours and consensus expectation. 4QFY18 performance was affected by lower book sales and higher paper cost. We cut our FY19-20 earnings assumption by 48-58% respectively as we adjust for lower book sales and higher paper cost. We maintain HOLD rating with a lower TP of RM0.20 based on an unchanged 12x P/E multiple tagged to CY19 earnings

a wise man once told me, if you want to look at how Good a company is, look at its inventory VS revenue ratio

Book voucher is for tertiary students. But SAS is in primary and secondary students market. I dont see how the book voucher will help SAS.

In fact, the MOE has no plan to slow down its execution of no workbook policy for year 1 to 3 students.

https://klse.i3investor.com/financial/QoQ/quarter/5252/31-Aug-2018_77689394.jsp


SAS made a loss of 9,897,000 before tax.

MD of Sasbadi, Mr Law King Hui, what do you have you say about this? Who else can you blame?

TOTALLY PECAH

The market has spoken, all cronies of the previous government is suffering now

You can pitch all you want during the AGM but not all investors will be dumb enough to make the same mistake twice!!

Haha pecah lantai

Gone case

We must have faith in this company, like how people back then had faith in Titanic, and it sunk.

pisang goreng panas

New low again Directors, this is really an achievement. Not easy, you still have 22 cents to go before you reach 0.

Keep it up

the 54th new low in 6 months, congratulation!

05-Sep-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 654,900 shares on 30-Aug-2018.

Good to go

03-Sep-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 259,700 shares on 28-Aug-2018.

Bye bye Apolloang, new low today

As predicted, this company is a bottomless hole. Good luck guys

Ops, 0.245

Sasbadi has moved into other segments but with no success, segments eg robotics, AR, online all with negative return

The inventory level keeps increasing, now nearing the total annual revenue. Can you imagine how 'good' the sales of these products are?

How about today?

haha, company no more money

School books have been zero-rated, the new SST scope has not been made clear yet.

ohbeeyee a.k.a. apolloang

Lots and lots of disposal by the big guys, challenging

Time to enter

The future looks bleak for SAS.

Quarter report ended 28.02.18 is out but it is way below expectation.

Inventories RM 69,784,000
Receivables RM 63,405,000
Loans RM 20,787,000
Negative cash flow RM -8,385,000

1. The high inventories show that SAS products are not fast-moving(selling). Last quarter the MD said that the inventories will improve because it was unexpected, but my question to him is: "Why is it still high this quarter, considering this has been traditionally your best quarter of the year?"

2. High receivables show SAS's weak collection, possibly due to stagnant product hence bookshops unable to pay. or it may be due to its premature MLM scheme.

3. High Loans of RM 20,787,000 VS Revenue demonstrated its weak cash flow management. Over expending could be one of its fatal weakness. FYI, the MD promised at least a M&A a year.

4. A high NEGATIVE cash flow of -RM 8,385,000 for quarter ended 28.02.18, illustrates point 3 above further. On 28.02.2017, the cash flow was RM1,071,000 surplus.To simply put, the cash flow for this year is RM 9,456,000 WORSE than 2017 Q2.

Your england is very good, i no understand

Why so defensive, you are employed by the MD to shoot retailers like us?

sorry bro for using the word bankrupt, didnt know its patented by you

There is no 'the lowest' for this counter. It always surprises us with another new 'lowest'

Bye bye TS

Pls hold until you bankrupt

ohbeeyee 24/05/2018 10:47 wrote:
taken position at 35.5, Sasbadi in profit taking mode only aftr the rise from 33.5 to 47.5 post GE14. those who wanted to sell already done so, notice EPF has stop selling since may 3, any more big sellers left ?




But EPF sold again on 21/05/2018.
http://sasbadi.irplc.com/new-announcement.htm?NewsID=201805245100006&Symbol=5252

Looks like this fellow doesn't know what he is saying.

What the?????? why the drop!!!

ohbeeyee, looks like you need to read the older posts. Piddleminger is not stepping his toes into the water.

It's quite clear who's opinion is making sense and who's not.

no more crony

up up

This is a real case. You may view it from the SAS website.



Mr Tang Yuen Kin, the Chief Financial Officer has resigned from SAS.

http://sasbadi.irplc.com/new-announcement.htm?NewsID=201804306900002&a...

@ Astute, if you are able to prove anything i said as wrong, i will apologise.

Else, shut up.

Who is this Astute, this fellow just joined today.

As predicted last month:

Cash flow problem = No increment/bonus = Key personnel leaving

Mr Tang Yuen Kin, the Chief Financial Officer has resigned from SAS.

http://sasbadi.irplc.com/new-announcement.htm?NewsID=201804306900002&Symbol=5252

18 Apr 2018
Sasbadi First Half Earnings Below Forecasts, Says CIMB Research

Sasbadi’s 1HFY18 revenue declined 4.1% on-year to RM56mil; net profit
also declined by the same percentage.

CIMB Research slashed its FY18F-20F EPS by 48.4%-54.9%, mainly to reflect lower
retail and MLM revenue forecasts as both sectors continue to face strong peer
competition and tight domestic consumer spending.

“We were earlier too optimistic about Sasbadi's MLM prospects and it now looks like
this division might take a longer time to see the exponential revenue growth we had
expected,” it said.