It is immensely difficult for a small Mouse Deer no matter how smart you think you can survive, how fast you think you can run, and how high you think you can hop,yet it is fatally stressful to survive in the Glove Safari of 4 big Lions. Someday it will end up as dinner.

The ICPS is strong and not falling.

I wrote this to stimulate thinking and offer my personal perception on the new comers with regards to their ambitious plan and strategic business diversification and penetration into the gloves sector. Are their business decision safe and sound we can only know years later?
I have concern and worry and somewhat anxious for those new comers who have committed to spend exceeding hundreds of million to build factory and set up production lines to produce and sell gloves.
Assuming they are able to keep the production running and producing, there is absolutely no way they can compete with the big 4 in terms of cost, quality, facilities, output optimization deliveries and professional services. Whatever they can produce the big 4 can do it cheaper and better. Glove is a commodity with no product differentiation. This is a volume game and the nature of competition is focused on bestselling price which is fiercely competitive. Talking about volume, take TG for example a company that produce 90b gloves a year. If its team of engineers can improve the production and quality and reduce the unit production cost by 1 sen, there is Rm900m saving. This is bigger than the market capital of many companies listed on Bursa.
The big guys being in existence for decades definitely have a cost advantage over the new comers. They can sell at below the manufacturing cost price of their new competitors and still make a profit. Hence, it is somewhat unwittingly ignorance to think that one can simply jump onto the prosperity wagon of pandemic and enjoy a smooth ride with easy profit in the glove sector. I tend to imagine it is akin to a small Dolphin no matter how good and smart it think it can swim its survivability and sustainability in a wide ocean glove market of sharks is quite improbable in the long run.
The recent roll out and the beginnings of mass inoculation of vaccines has already dampened the market sentiment of the glove sector. Abnormally huge profit does not push up share price anymore. Ironically, when TG announced 2.3b profit, it share price actually fell consecutively for the next 3 market days. So has supermax.
In two years times when the covid 19 is behind us the demand for gloves will shrink. And when too many companies are chasing for the fewer orders, the competition will be severe and intensified. Average selling price will collapse. The new kids who lack manufacturing experience, data, formation, technological knowledge and wisdom are ill prepared for this eventualities and challenges. There will be consolidation and causalities. John Kennedy famously said when the going gets tough the tough get going. Those who do not have a cost advantage and market edge a strong character and determination to withstand the severely competitive nature of the industry will be finished and vanished,

Thank you very much for the invaluable information. It is undeniable that kimloong is a well managed company with healthy balance sheet and strong net cash flow. Its plantation although very small only 15.3k hectares are well managed and efficient.
Kimloong actually derived most of its revenue from mill operation. I believe its OER is better than many other companies in the plantation industry.
I am not aware that it has a grid that hook up with the local authority that could bring in 6m revenue. In additional, It is hope that the high price of CPO trading above Rm3500/ mt will help to mitigate the slight fall in output and yield in the coming qtr announcement. I like kimloong and it has all the ingrediants of a value investing company. Over time its hard work and result and performance and true value will be reflected in the share price.

You cannot compare Apple with Lemon.

Have not seen a daylight since its listing many years ago at 120.It is a great challenge to try to hold onto this counter.

When is the commencement of production and the roll out of 1st piece of glove.

PA is making small effort to narrow the huge price gap today. Investors are beginning to see the intrinsic value in the preference share. Closing price and volume traded were impressive. Hope it is sustainable.

It takes time for PA to catch up to the mother share. Over time the gap will narrow and will become hugely diminish as it moves closer to the expiry date. This will happen slowly safely and surely.

Correct. I do not see any logic in their action. These are short term weak holders with myopic investment prospective. If you pay 1160 per lot today and over a period of 5 years the company pays back interest of 52.5 x 5 = 262.5
you cost becomes 1160 minus 262.5 = 897.
Convert it and sell in open market at 1570 the profit is 673.
Take 673 divide by 897 is 75%
Sunway will soar higher when the RM1b proceed form the ICPS are use wisely and mightily for the expansion of the hospital n health care and when covid is behind us.

invest icon - Today Sunway and sunway PA go in opposite direction. Mother share up 3 sen but PA was down 3 sen. what is the logical explanation. Have you any clue?

excellent

why?

Considering the current operating envieonment in the midst of covid 19 , i think the result is considered good. It will sustain the share peice. Otherwise, downwards pressure is limited.

why don't they sell focus dynamic (FD)and realize the RM796 m profit. Considering FD has been making loss for the last 14 years since 2005. its revenue is less than 10 m per quarter except for the most recent qtr it has a turnover of 22m.
The net tangible asset for FD is only 2.2sen
it has 6.132b shares and trading at 69sen with a crazy market capital of RM4.232b How can such a tiny company worth 4.23b. it is mind blogging and difficult to understand. Can someone explain.

what is the news? . Maybulk shooting up.

very strong buying interest accompanies with volume today.

ICULS is irredeemable unsecured loan stock. Sunway is issuing ICPS irredeemable convertible preference share. The conversion price has been fixed at 1.00 (need not calculate ). Preference share is like a loan and that's why it pays 5% yearly interest. you can choose to convert into mother share beginning on the 4th year. Otherwise it will be automatically converted at the end of life on the 5th year.
There is no additional cost upon conversion because holders of ICPS have already paid for it.
The conversion ratio is one icps for one mother share. Due to its conversion nature, holders of ICPS can also directly participate in the growth and development of the company. when sunway enjoys earning growth the share price will go up. so, does the price of ICPS.

Trading of Rights will begin on Monday 9th Nov and ends on the 19th Nov.
Last day of payment is on the 26th Nov. You can sell the rights if you choose not to subscribe.

1.This company has enormously huge amount of accumulated losses of (136m).
2. has never made any profit since 2007.
3.revenue per quarter is less than 15m - ( tiny company )
4 cash on hand 807 thousand only
5 Trade payable is huge 53.4m
6 seriously needs money for working capital.
7 company with weak balance sheet and unsound fundamental
8 Caveat Emptor.

Lately during MCO the company undertakes two disposal
1. sold plantation at 158m and realised a gain of 122m
2. sold shares to BJ Corp at 80m and realise a gain of 32m
The company will announce additional profit of 154m at year end.

in addition, the cash position will be boosted by 238m. Together with the current cash on hand of 121m , KUB will have potential cash of 359m when the transaction is completed at year end.

The company has 556m shares and debts of 82m assuming it can reduce it further by 10m.
then, the net cash of the company is 359m minus 82m is 277m.

The net cash per share is 277m divided by 556m shares is 50 sen.

Given that the share price is 41 sen and the potential net cash per share of 50 sen is like a fat toad jumping on the street. Beside you also get few hundred million of assets for free.

Considering the above financial facts it is unwittingly wasteful to ignore such a great bargain.

This balance sheet of this company has improved substantially since the entry of former finance minister a year ago. In 2019 March the company has cash 99.2m and interest bearing borrowings of 114.2m plus 24.4m. So the total amount of long term n short term borrowing is 138.7m. Basing on the latest 1st Q result. the borrowing has substantially reduced to 92m and cash increased to 121m

The company is going through the process of rationalization by disposing off non core business.
The latest announcement was the disposal of plantation in Johor at 158m in which KUB will realize a disposal gain of 122m by end of 2020. The proceed of disposal will increase the cash balance of the company to 121 +158 = 279m. Assuming the company can reduced the borrowing by another 10m at year end, then the borrowing would be 82m. If we take the cash 279m minus 82m debts the net cash of the company by year end would be 197m
The company has 556m shares. that mean the Net cash per share is 35.5sen
At its recent low of 35.5sen just last week also means investors who bought the share in KUB is fully supported by equal amount of cash and investor got the rest of the assets for free.

when is Mahsing holding AGM?. Unable to find its announcement.

Agreed. Because they are selling so new investors can acquire at low price.

EPF is still an obstacle. it is blocking the price from going up. Even if it ceased to be a substantial shareholder it still has 120m shares.

EPF has 126m shares according to announcement on changes in shareholdings. That is huge.

Technically speaking, an inverted hammer that has happened on 8th Apr represents the potential reversal in an uptrend has materialized. Mahsing has retreated for the third day. With EPF aggressively selling 3m shares a day the fall will persist. It is a good opportunity to buy cheap for long term value investing. .

The share price of Mahsing has recovered sharply over the last 12 days. It has moved from 31sen to an intra day high of 46.5sen today. That is an enormous 50% rise. From the technical analysis point of view and basing on the candlesticks graph, we have a inverted hammer today. Graphically, it meant the price opened at 43s and than push down a little to 42s and later followed by massive buying that drove the price up to 46.5sen only to be met with massive selling that eventually forced it downwards to close flat at 43sen with huge volume exceeding 24m shares traded.

Technically speaking, an inverted hammer represents the potential reversal in an uptrend.
As in Mahsing, the strength in the uptrend is now hugely diminished this evening or no longer exist in the immediate term. Today's exceptionally high volume also meant the institutional fund is still selling. Mashing will face a small correction before it resumes its upwards momentum. And more aggressively when the fund decides to stop selling.

There is value in this company. Just the net current assets less total debts is worth 1.02 per share
However, this does not mean it will shoot up to this price. It only means one has found A company that is worthy to invest in because it is selling cheap and there is a huge margin of safety. (102 - 40 )./ 40 = 1.55 or 155%. We do not buy mahsing and expect a helicopter rise or a V shape recovery.
In fact it can have a U shape and perhaps even a L shape and prolonged consolidation.The attractiveness of investing in this company is the downside risk is minimal.

Mahsing is selling below par value now. Usaharta has ceased to be a substantial shareholder.Once it stops selling, the rise in price will be gradual and smooth safe and sure.

At its lowest Mahsing was trading at 31sen and with issued capital of 2427m shares the market capital is 752m. Assuming you have this amount of money you can buy the whole company if it is offer for sale.
If you do that this is what you get.

1 Non current asset RM2345m
2 current asset RM4330M of which 1.063b is liquid cash
3 Total liability RM1849M

So just the current asset alone less total liability that is ( RM4330 minus RM1849) is RM2481M. This means after paying off all debts n liabilities there is still a balance of RM2481M. That is equal to 2481 divide by 2427M shares is RM1.02 net value per share.

in addition you get RM2345M or 2.345b of property underdevelopment for free. Basing on this calculation there is value in this counter. However,there is now a property glut with huge unsold units in Malaysia.The property sector is trading under low price environment so it will take sometimes for it to recover.

Brexit and its impact has already been reflected in the share price. The strong catalyst for ewint will be its profit performance. The company targeted profit of 145m for 2019 and actually made 190m. very impressive. For 2020 it forcasts to make 342m. If the forcast is 90% attainable that would mean 300m. so the EPS is 300 divide by 2400 is 12.5sen.
a conservative PE of 10x would price ewint at RM1.25

According to the Edge just 3 weeks ago on 17th Dec last year 33m shares traded off market in one transaction.
Who and why someone interested to buy such enormous amount.
The guy must have seen value in this company.

CEO buying is a symbol and demonstration of confidence in the company. He has a tremendous sense of belongings. His action speaks volume and believe he will stay invested for longer term and for bigger things to come.

Tunepro has been on a long term down trend for 5 years since Mar 2015 to 2020.
Believe it has bottom. Share price has fallen from RM2.00 to 55sen
Down side risk is limited.

with 1.45b new PS to be listed on 8th Jan and conversion ratio 1;1 there will be massive dilution as conversion set in..The mother share price is unable to sustain and continue to be weaken.

It is found in Bursa announcement today. The company was awarded two contracts worth 18m each for a period of 365 days starting from the date of commencement that has yet to be fixed.

i believe a victory by conservative party led by Boris Johnson would be good for EWINT. If that happens , he will focus on Brexit and get it done quickly on or before 31st Jan 2020 and move on with the country's economy. Many polling sites conducting election survey have come out with different results but they all agreed that conservative party is leading. One polling site opines that Johnson could win as many as 359 seats and form the new government with a simple majority. But nothing is certain until the result is out on 13th Dec.

it is a positive new that is not really great. At 18m contract value a year and assuming a high profit margin of 10% would mean 1.8m profit. With 778m share capital the contribution per share is less than a quarter sen which is insignificant and not meaningful. it is nonetheless a good news.