Kissinvest,

If you have bought at 1.4+, you would be laughing all the way to the bank...

The market is never efficient by the way...

Mobidick,

You are right. The big client paid for the debt progressively and at the end of the quarter, the impaired debt collected was Rm8. 089M as per NOTE 21 of the 4Q financial statements ..

Note also that there is a net reversal of inventory written down of rm7. 399M for the quarter. The Q results is disappointing to me. Overall for the whole year, however, is average.

P.I.E. INDUSTRIAL BERHAD (COMPANY NO.: 424086-X)
NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT
FOR THE 4TH QUARTER ENDED 31 DECEMBER 2017
(NOTE 21)
Profit for the Period
Quarter Ended........................ Period Ended
31.12.2017 31.12.2016 31 12.2017 31.12.2016
RM'000........ RM'000..............RM'000 RM'000
Profit for the period is arrived at after
crediting/(charging) :
Interest income 346 279 1,299 1,043
Investment income 1,001 825 3,415 2,835
Interest expenses - (53) - (427)
Depreciation and amortisation (3,711) (4,050) (15,759) (16,115)
Net reversal/(addition) of impairment losses
- trade receivables 8,089 854 (5,358) 1,302
Net reversal/(addition) of inventories
written down 7,390 (2,201) 11,058 (3,824)
Net gain/(loss) on disposal of :
- property, plant and equipment 115 10 255 2
- investment - - 8 12
Bad debts written off - (3) - (3)
Net foreign exchange gain 1,804 6,386 8,522 10,645
Gain from fair value adjustment of
investment properties 75 75 214 75
(Loss)/Gain from fair value adjustment of
financial assets through profit and loss (12) 2 38 (8)

Included in the 4Q PBT and PAT, is an Rm8 million impairment bad debt reversed (received) in the 4Q and incurred in the previous Quarter.

The 4Q revenue dropped from Rm193.5M to RM182.3M, PAT dropped from Rm23.6M to Rm15.8M

http://www.m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7095&section=financial

Dear SSLEE

Thanks

Hi all
Any news on the dividend as requested by SSLEE in the last agm..

Thanks.

KLSE Screener

PIE eyes contracts for supply of box-build electronics
TheStar Mon, Feb 19, 2018 - 18 hours ago




GEORGE TOWN: PIE Industrial Bhd hopes to finalise contract talks with several big multinational clients by the third quarter of this year for the supply of box-build electronics.

Group managing director Alvin Mui told StarBiz that one of the box-build was for the industrial and commercial printing markets.

“This area is seeing growth because there now new equipment capable of handling multiple applications with innovative ink, coatings and functional fluids,” he said.

The global industrial printing market is projected to grow to US$114.8bil by 2022, according to a Smithers Pira report.

“Asia, North America, and Western Europe are the growth areas, as there are large printing companies supplying electronics and environment materials, films and interior décor materials,” he said.

The commercial printing market is projected to grow to US$317bil in 2022, led by the packaging business, according to a recent Technavio report.

Asia Pacific currently dominates the global commercial printing market with 42% share in 2017.

“As we are in Penang, we are in a very good position to tap into the Asia Pacific market. For us, we look forward to supporting also the advertising and industrial industries with the new box-build electronic equipment,” he said.

Mui said once the deal is secured this year, the contribution to the group should come in 2019.

On top of new box-build projects, Mui said the group was expecting its printed circuit board assembly (PCBA) business to contribute about 50% to this year’s revenue.

The PCBA are used in sensor devices and bar-code scanners.

“The sub-assembly work for the PCBA division has grown recently. About four years ago, the contribution to the group’s revenue was between 25% to 30%.

“We manufacture the cables and plastic and metal parts for the sub-assembly work.

“Last year, the contribution improved to about 40%. In 2018, the contribution is projected to be about 50%,” he said.

Moving on, based on customers’ feedback and projections, this year should be another double-digit percentage growth year for the group.

“For the first quarter 2018, we expect to ship out over RM130mil worth of PCBA and box-built products.

“Like the first quarter of 2017, this first quarter is not weak.

“Previous first quarters as in 2016 and 2015 were not very strong quarters, as we shipped out less than RM120mil worth of products,” Mui added.

The group currently operates in four plants in Seberang Jaya, where the utilisation of the production area is almost 80%.

http://www.klsescreener.com/v2/news/view/343417

The Chairman bought totalled 98,000 shares recently as of 13th Feb 18...

The 2 recently ceased substantial shareholders combined has more than 9%, if not close to 10%...

I still watching, not considering to buy yet... Hehe..

Opportunity

IamEth

Buy opptunity ma...
Let those who have no confidence sell lo...
Stock market is never efficient
We can just capitalise on it if we think the price and the value is way mismatched and undervalued...

Today bought again average 1.439..

Tomorrow will continue to buy if it goes red... Hehe...

4Q results used to be released at the end of February

PIE has never lost money in any Quarter since listing and it is very fair to the shareholders in declaring good and increasing dividends with increasing profits, year after year

Only 3 months ago upon release of Q3 results, Kenanga Research still has TP of RM2.87 for PIE... Now it is selling @50% of the TP...

Difficult to resist buying...

I think risk-reward is in favour of rewards..

Keep buying some @1.43...

I have no worries to buy at this price...

ya.. sell to me .. hehe..

Absolutelystock.com gives a valuation score of 2.4/3.0 and fundamental score of 2.4 /3.0 also.

3.0 is the perfect score in Value and Fundamental...

PIE has a Strong Score in both Valuation and Fundamental..

Hehe..

Kenanga Research House gives a Target Price RM2.87 WO!

I can't resist the temptation and added some today @1.45 and 1.46...

Huat!

At the reported date, 9th Nov, 2017, PIE share price was @2.07

Summary Earnings Table
FY Dec (RM‘m) 2016A 2017E 2018E
Turnover 579.3 688.9 913.7
EBITDA 62.5 90.1 110.0
PBT 46.0 75.1 95.6
Net Profit (NP) 36.5 57.9 73.6
Core NP 38.9 57.9 73.6
Consensus (NP) - 57.7 64.4
Erngs Revision (%) - -13% -
Core EPS (sen) 10.1 15.1 19.1
BV/Share (RM) 1.0 1.1 1.2
PER 20.4 13.7 10.8
Price/BV (x) 2.1 1.9 1.7
Net Gearing (x) -0.3 -0.1 0.0
NDPS (sen) 5.0 6.9 8.8
Dividend Yield (%) 2.4% 3.3% 4.2%

The above are figures obtained from Kenanga Research Report dated Nov 2017.

FY17 estimated EPS 15.1 sen and dividend 6.9sen per share
FY18, estimated EPS 19.1 sen and dividend 8.8sen per share.

Wow! If all come true, HUAT!

Buy and forget like Dr Neoh Soon Kian...
Collect attractive dividends year after year...

Wow! Sellers demonstrated their prowess...

Fire sales in blocks of 1.46 & 1.47...

Good!

Best opportunity for big funds to buy PIE NOW as they are either some sizable block for sales at the fire sales prices, (due possibly to margin calls? ) or some "smart" IBs, I guess, are shorting the market...

Strong proven company with good fundamentals, with strong long term investors in the stock.. Don't play play...

Ikenduit,

The earnings is expected to be very good because :
1). Write back of the impairment loss, RM11. 2 millions incurred in the previous quarter.
2).4th Quarter results traditionally is the best and strongest quarter in terms of both top and bottom lines.

Cheers!

This is one of Dr Neoh Soon Kian's long term investment counter, invested since 2007, via Neoh Choo Ee Sdn Bhd, and the holdings was increased in the following few years, collected all the bonuses and did not sell any as seen from the last annual report 2016, now holding slightly over 2 millions shares, among the top 30 largest shareholders.

In Dr Neoh Soon Kian we trust!

When oil price goes down, costs of resins, an input cost for making particle board will go down...Hevea's profit margin will rebound..

so many other funds sleeping away leh... hehe...

fire sales price... big boys pressed down to collect...

bought @91.5

opportunity ! opportunity!

Every Crisis comes with an OPPORTUNITY !

today holding very well though Dow dropped 1000 points... bottom indicator flashing !!

AM INV fund manager for EPF sold and still holds a few millions shares for EPF. The EPF Investment Board bought.

Dividend last FY totaled 7.7sen per share. Even if dividend reduces by 50% this year, it will still yield more than 4% at current share price of 91 sen...

Value for money...

If this yr dividend is 6 sen per share, the yield would be as good as FD...

The 3QFY17 impairment loss of rm11.3 million could be written back to the 4Q.

3QFY17 actually was not doing badly if excluding the impairment loss provision of the rm11.3. million for overdue payment from one of the customers due to the glitches of their computer system.

4Q traditionally is a strong Q.

Under normal circumstances, full year financial results should even be better than the TTM EPS of 12.45 sen...

What made those sellers threw the shares to such low level?


Is something that we don't know?

Whatever it is, I think over the long term, it is a bargain at current level of 1.40-1.50

The current price is the result of the voting machine, the weighing machine will work out the fair value over the long term..

:)

http://www.valuewalk.com/2018/01/8-quantitative-rules-of-dividend-investing/

This is a very good article.
PIE just fit in here.

The dividend payments had been on the rise in the past 10+years with the exception of the year 2016 which was 5 sen per share... I expect a better dividend in the current FY...

:)

At a price of 1.50 and the expected min dividend of 5 sen, the yield is 3.33 percent.

I bought a chunk at average of 1.43 and will hold it for long term investment.

This is a very well managed company and it has grown so well over the years. It invested quite a bit in PPE over the last 2-3 years, the fruits are expected to be bearing now and the coming years...

The share price, however, moves in the opposite direction. This represents an excellent opportunity for long term investors.

My 2 sen opinion.

:)

The beginning of the end

We stop Naim here.. Don't pollute this forum with other counter...

Sorry guys..

Newbie, I already out of Naim after selling @1.42 on the last day of the window dressing. Though Naim is rich in asset, the property division is not doing well... Construction is losing money... Though the price now is very attractive compared to the asset and each share of Naim holds indirectly one share of Dayang, I prefer to wait...as no catalyst in the short term...

Newbie, I cut loss on prolexus @1.17 and still not considering to buy back at current price.. I will continue to monitor... Many apparel companies around the world may lose their contract manufacturing clients in time to come due to www.softwearautomation.com

Newbie, I took profit on Naim... the last day of the year window dressing as I told you.... Hi hi hi

Apollo, buy lo... haha ha

The new mill, cost per square foot is about rm150... Is this fair price?

Even the Chairman and MD did not buy after fallen below 70sen...

Did not read any announcement, did you?

Pakatan will go ahead with the Penang Transport Master Plan, at least rm27billion, Gamuda project, Mrt 2 already proceeded, Mrt 3 will be awarded by 1Q18 and lrt 3 already proceeded, to complete the ring..

mlh1188,

what do you mean by n+3d ?

do you mean can pick up @( T+3)+3 ?

Ran, you have to convert the normal account to Cash account and trade online... Not just that you have money in the trust is suffice...
Be cautious if trade actively... haha!

Good Luck to you anyway !

Ran,
so many lah,
it is cash account.
You have to place cash in your Trust account first b4 you buy. You can buy up to your cash amount placed in there.

Ask your remisier la...