Yes. He is psychologically scared of market. Suddenly market crash and suddenly bullish market! Short circuit one!

It is the buyers want stay, not the developers want to stay. No money buying just see only loh!

Do you know developers make tonnes of money? Just selling one tenth, already break even lah! Let them keep for the rest 90%. They don't mind lah!

This CP does not invest long term at all.

No future. Cannot become Warrent Buffet.

http://www.theedgemarkets.com/article/jaycorp-expects-great-potential-sabahs-construction-sector

The rubberwood furniture maker has no stress from cost or shortage of raw materials such as rubberwood — as it has an option to source supply from its subsidiary operating in Medan, Indonesia, which does pressure treatment and kiln-drying of rubberwood.

For the year ended July 31, 2017 (FY17), Jaycorp posted a net profit of RM24.77 million, up 18% from RM20.98 million in FY16. Revenue rose 8% to RM312.82 million from RM289.46 million. Since its listing in 2002, this is the first time the group surpasses the RM300 million revenue mark.

Jaycorp’s furniture business contributed 66.7% of its FY17 top line, followed by kiln-drying (11.8%), packaging of carton box (9.8%), renewable energy (2.5%), and construction (1.1%), with the remaining from investment holding and others.

As at end-July, the group had deposits, cash and bank balances totalling RM27.66 million.

KUALA LUMPUR: Jaycorp Bhd sees Sabah as an ideal starting base for its construction and property development business as the state offers “tremendous potential”.

Executive chairman Tan Sri Abdul Majid Khan told The Edge Financial Daily that the group intends to tender for infrastructure, housing and tourism development projects in the state.

On Nov 4, the rubber wood furniture maker announced its plan to diversify into construction and property development. It will be seeking shareholders’ approval of the plan at an extraordinary general meeting on Dec 14.

“Given the timing of our announcement, it is clear that the next [construction] project roll-out is quite imminent,” said Abdul Majid, who had served as the political secretary to Sabah’s first chief minister, Tun Fuad Stephens. Abdul Majid is also the founder of the Sabah Development Bank and Sabah Bank Bhd.

The Sabah government, he said, “has done a fantastic job attracting tourists” and there is a shortage of hotel rooms and other infrastructure for the tourism industry.

“We see tremendous potential in the construction industry in Sabah,” he said, adding that Jaycorp intends to pursue aggressively to tender for projects like the Pan Borneo Highway and 1Malaysia People’s Housing, as well as projects in the private sector.

Jayacorp put into action its intention to venture into construction in April last year, when it raised its stake in its associate Jaycorp Engineering & Construction Sdn Bhd (JEC) to 60%.

The group said that the move will be “strategic and beneficial” for its expansion. JEC’s operations are managed by chief executive officer Andrew Lau, who has been in the construction business for some 30 years. Lau holds a 30% stake in JEC while the remaining 10% is held by Abdul Majid’s nephew, Abdul Rahman Khan.

JEC subsequently secured two projects — one for the construction of a seven-storey shop-cum-office in Likas, Kota Kinabalu, and the other for the construction of the one-storey gallery and auditorium at Universiti Malaysia Sabah. The total contract sum of these projects amounts to RM29.4 million.

As for Jaycorp’s venture into property development, Abdul Majid said it will kick off when the property market gets stronger, which is expected to take at least two years.

The maiden project is expected to be sited on three parcels of agricultural land measuring a total of 396 acres (160.26ha) in Papar, Sabah. Jaycorp, via its 60%-owned indirect subsidiary Bongawan Solo Sdn Bhd, bought the three parcels for RM19.5 million in 2014.

“The price we bought the land for was about RM50,000 an acre. It is very easy to get a conversion and the premium is a lot,” Abdul Majid said, adding that feasibility studies and layout planning on the land are currently being conducted.

For its new businesses, the group said there is capacity for either debt or equity financing.

“We are not restricted to fundraising. However, we don’t intend to do that as we are more conservative. Even if we have to gear up, we will gear it up to comfortable levels of between one and 1.5,” he said.

Jaycorp anticipates its new business segments to contribute at least 25% of its bottom line in the future, and result in a diversion of more than 25% of the group’s net assets. Its gearing, as of now, stands at 0.1.

In its pursuit of new businesses in construction and property development, Jaycorp is not neglecting its core business of furniture making.

“We are looking at the potential of acquiring additional furniture factories with good management already in place,” said Abdul Majid, adding that the group has received some proposals from interested parties but it has turned them down.

“Our policy for investment is that the partner we look for must be well-known in the industry and the management must know its job. Come the right one, we will say yes,” he said.

Abdul Majid said the decision to expand came after the group noted the huge growth potential for its business in China, especially with the proliferation of e-commerce there.

“China is the biggest growth driver of our furniture business at the moment. When it comes to brand loyalty, the Chinese have a lot less engrained brand mentality compared to the West,” he said.

Currently, all of Jaycorp’s furniture products are catered for exports, transacted in US dollars. The Chinese market accounts for 40% of the group’s furniture division’s top line, followed by the US at just below 30%, with the remaining made up of several countries including Australia and European nations.

Jaycorp’s factories are running at an average utilisation rate of 80%. The group has three plants for its core business — furniture production, two for wood processing, one for carton box packaging, and one for renewable energy.

Mr Market has different view today.

As long as corruptors are ruling Malaysia, don't expect Ringgit gets strong.

Fluctuation of Ringgit is always subject to many factors: US rate hike, US tax reform in Senate, 1MDB issue, reliability of malaysian economic statistics etc.. Why so kan chong? Should buy more export stocks that its business is doing well.

Sellers are not for long term.

Long term investment. Small can become big.

I better wait at 1.5 cents as after consolidation, it goes up to 6 cents lah!

Recommend you,fatwealthprofit, to buy the entire private placement shares so that you can "huat".

You are caught by the consolidation. Later it goes down to 6 cents again!

https://klse.i3investor.com/blogs/cpteh/137742.jsp

https://klse.i3investor.com/blogs/winwinstock/137743.jsp

JSLY, good for you. Get your return after 100 years huh?

EPF can afford losses. That's why it gives a tiny of 5-6% div to us each year.

Plus Highway will not be sold to Maju. Don't syiok sendiri.

Have to repeat how many time? You buy more lah! Not me!

Sell first lah.

RocketRider, are you a shareholder here? If not, leave us alone here.

RocketRider, are you a shareholder here? If not, leave us alone here.

AFFIN was reported to be planning to reduce its workforce by 6%, which will incur an additional RM50m to its opex. While we trim its FY17E earnings by 8%, our FY18E is maintained as we had previously accounted for a lower CIR. Maintain OUTPERFORM.

Reduction in workforce. It was highlighted in the media yesterday that Affin Holdings Bhd (AFFIN) is planning to reduce its workforce by as much as 6% or 300 staff. The media quoting senior AFFIN’s management mentioned that the reduction is “part of its strategy to be an efficient financial entity while improving productivity”. The scheme which is virtually a Voluntary Separation Scheme or VSS will likely be offered towards year end. The VSS is expected to add an additional RM50m to its opex for FY17.

VSS to be completed by 4QFY17. We understand that a VSS has been initiated since last month with the bulk likely to be completed by the end of the year. However, we were not surprised with cost reduction via VSS as AFFIN had highlighted before that it intends to improve productivity via operational efficiency under its AFFINITY TRANSFORMATION PROGRAMME with the target to reduce its Cost to Income ratio (CIR) under 50% by 2020 (FY16: 56.5%).

FY17E tweaked slightly downwards. Our FY17E estimate is shaved by 8% to RM547m as we input in the additional costs incurred for the VSS. Our FY18E earnings is maintained as we had imputed in a lower CIR at 57% (vs FY17E CIR of 59%) previously to account for management’s strategic initiatives to improve operational efficiency going forward.

Better yielding assets. We favour AFFIN due to its improving NIM. While we are conservative on its loans (FY17E: ~5%), we are positive on its selective asset growth on better priced loans, which will translate to better NIM for AFFIN. For 1H17, NIM improved by 4bps, which was due to better pricing as the focus was on better yielding assets. The higher NIMs were supported by high Average Lending Yields of 5.3% (vs industry 4.6%) with the focus on the affluent HP segment and SME. We understand from management that its NIMs are above the regulatory 100%. Improving NIMs were also boosted with the exit of nearly RM1.5b loans in the form of revolving credit, as these loans interest margins were below the bank's hurdle rate and hence easier to exit. With the focus on better pricing assets, we are confident of AFFIN maintaining its improved NIM with potential higher cost of funds curtailed with the recent issue of the RM1b MTN programme (Feb 2017) to support funding and translating into stable cost of funds.

Our TP is maintained at RM3.00 based on a blended FY18E PB/PE ratio of 0.60x/10.8x. Currently, valuations are undemanding translating into 0.6x P/B (vs its 1-year historical high of 0.7x P/BV). Maintain OUTPERFORM.

Source: Kenanga Research - 06 Oct 2017

Lies. Interest rate is so low lah.

December, I think.

Do your American dream, emil!

always losing money.

Don't forget "cold-eye" (top 30) is with us as shareholders.

Ini macam lah! Ha! Ha! JayCorp is a rising star.

http://klse.i3investor.com/blogs/kianweiaritcles/133665.jsp

http://klse.i3investor.com/blogs/kianweiaritcles/133665.jsp

Who want Bukit Tinggi land, then you buy BJCORP. If you don't want, dont buy!

All furniture companies (except JayCorp)'s material cost of rubber logs is very high. Somemore, they have limited sources of rubber wood except JayCorp. JayCorp can do far better than them,I believe.
The Group’s raw material strength is reflected on its strong linkages to the down stream. The Group has contracted with a state owned enterprise to access to 88,000 hectares of rubber plantation. This make the Group probably the furniture manufacturer that has a contracted access to the largest rubber plantation in the world. This is important as rubber wood is the main component of its cost and with this availability of long term uninterrupted supply of rubber wood, the Group is positioned on a strong competitive advantage as compare to its competitors.
http://www.jaycorp.com.my/business_rubberwooddivision.htm

The Group’s raw material strength is reflected on its strong linkages to the down stream. The Group has contracted with a state owned enterprise to access to 88,000 hectares of rubber plantation. This make the Group probably the furniture manufacturer that has a contracted access to the largest rubber plantation in the world. This is important as rubber wood is the main component of its cost and with this availability of long term uninterrupted supply of rubber wood, the Group is positioned on a strong competitive advantage as compare to its competitors.
http://www.jaycorp.com.my/business_rubberwooddivision.htm

All furniture companies (except JayCorp)'s material cost of rubber logs is very high. Somemore, they have limited sources of rubber wood except JayCorp. JayCorp can do far better than them,I believe.

The traded volume on 20/9/17 is just 110700 units while on 25/9/17 is 703100 units. Far away from 31 million units.

EVEN the executive chairman, Tan Sri Abdul Majid Khan is a shareholder in Jawala. Jawala holds 31 mil shares of Jaycorp.

The three persons had ceased to be a shareholder in Jawala Corp, not JayCorp actually to make it clear. Jawala has never sold its shares of 31 million of Jaycop in the market. NOT 31 MIL X 3 KIND OF CALCULATION, YIPMAN.

SUBSTANTIAL SHAREHOLDERS AS AT 21 OCTOBER 2016
(BASED ON THE REGISTER OF SUBSTANTIAL SHAREHOLDINGS)
No of Shares held as at 21 October 2016
NO. NAME Direct %^ Indirect %^
1. CENTRAL GLAMOUR SDN BHD 30,275,000 22.14 - -
2. JAWALA CORPORATION SDN BHD 31,787,500 23.24 - -
3. YEO ECK LIONG 3,389,547 2.48 30,275,000* 22.14
- others - - 87,400^1 0.06
4. YEO AYK KE 719,175 0.53 30,275,000* 22.14
- others - - 102,650^2 0.08
5. YEO YEK MENG 440,842 0.32 30,275,000* 22.14
6. YEO AIK TAN 739,593 0.54 30,275,000* 22.14
7. TAN SRI ABDUL MAJID KHAN - - 31,787,500** 23.24
8. DATUK JEMA ANTON KHAN - - 31,787,500** 23.24
9. HAZMAT AQBAL BIN MOHD AYUB KHAN - - 31,787,500** 23.24
10. CHEE AH WHAT - - 31,787,500** 23.24
11. MUAZ BIN JEMA ANTON KHAN - - 31,787,500** 23.24
Notes:
^ Excluding a total of 487,900 ordinary shares of RM0.50 each bought-back by the Company and retained as treasury shares as at
21 October 2016.
^1 Deemed interest in shares held by his wife, Sim Peck Ling and sister, Yeo Siw Nee.
^2 Deemed interest in shares held by his wife, On Yin Choo and sister, Yeo Siw Nee.
* Deemed interest through his substantial shareholding in Central Glamour Sdn Bhd.
** Deemed interest through his substantial shareholding in Jawala Corporation Sdn Bhd.

En Muaz, A Malaysian, aged 26, male, was first appointed to the
Board as Director on 24 June 2016 and is presently a NonIndependent
Executive Director of the Company. He is also
a member of the Investment Committee and Enterprise Risk
Management Committee of the Company. Currently he does
not hold any shares in the Company but deemed to have
interest in 31,000,000 shares in the Company held by Jawala
Corporation Sdn Bhd by virtue of his substantial shareholding
in Jawala.

Hold tight to drop down. Then hold tight to go out.

Good result is to be released soon coupled with dividend announcement,

The new said unlisted/private REITs need to pay 24% tax even though they release 90% net profit as dividend --- New Government Ruling. This favors the present public-listed REITs where they don't be taxed at all as long as they release 90% net profits as dividend to shareholders.

Apple is able to join all good features of Android. Good!

Wait and see at 2018.

It will drop again.

Rubbish can turn to gold. Non-rubbish can turn to diamond.