8 people like this.

31 comment(s). Last comment by Investee 2018-02-17 09:46

murali

5,723 posts

Posted by murali > 2016-02-26 21:40 | Report Abuse

Looks good

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-26 21:43 | Report Abuse

not really leh... sometime not screwing up is already a big achievement... just look at geshen..

VenFx

14,784 posts

Posted by VenFx > 2016-02-26 21:47 | Report Abuse

Hi! Icon8888 thank you for the quick article that really help instead I hv to read through the whoke reports. Will chewing for the Prospects part of Eg. Keep the great works, stay focus.Huat yaa..

sklyte

2,621 posts

Posted by sklyte > 2016-02-26 22:20 | Report Abuse

Icon u are dead wrong u should include the rights issue payment it is not recurrin so it actually registered a growth of 40pc quarter comparison

confuse

570 posts

Posted by confuse > 2016-02-26 22:23 | Report Abuse

Is EG Ind China stocks? Why they don't declare dividend also people don't bother?

VenFx

14,784 posts

Posted by VenFx > 2016-02-26 22:29 | Report Abuse

Haiyoh, confused; if u really followed. U will know that Eg has juz started their Transforming program, if they hv more monies, they will buy back Own share. Too early to talk for Div. For a fast booming Eg. .at least not in 2016.

Posted by confuse > Feb 26, 2016 10:23 PM | Report Abuse 

Is EG Ind China stocks? Why they don't declare dividend also people don't bother?

ChunWooi

11 posts

Posted by ChunWooi > 2016-02-26 22:41 | Report Abuse

Hi Icon, may i know why you take 211 mil instead of 116,391,196 to get the EPS? Thanks and appreciated :)

VenFx

14,784 posts

Posted by VenFx > 2016-02-26 22:42 | Report Abuse

Let me answer the above.....for u ChunWooi.
Answer is :PAT /shares ...

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-26 22:46 | Report Abuse

their original share cap was 74.8 mil, rights issue of 115.2 mil, private placement of 19.2 mil

as such, total = 210 mil

116 mil is the weighted average. It takes into consideration that rights issue and private placement was completed around December 2015 and hence has a 1 month effect

sklyte

2,621 posts

Posted by sklyte > 2016-02-27 01:19 | Report Abuse

I really disagree with what u said, is a beat expectation not in line, if not for the corp exercise, eg profit will be superb, and this has just started, more to come

Alpha Trader

1,983 posts

Posted by Alpha Trader > 2016-02-27 01:39 | Report Abuse

I just mentioned that to Icon

Tom

2,984 posts

Posted by Tom > 2016-02-27 02:00 | Report Abuse

quite agree with u

Posted by muscle > Feb 26, 2016 09:42 PM | Report Abuse

Talk cock la.. In line is not enough, must b exceeed expectstion

Alpha Trader

1,983 posts

Posted by Alpha Trader > 2016-02-27 09:20 | Report Abuse

This article is wrong already la, already beat expectation, annualise 12.8m will be RM25.6 divide by 211m shares = PE 8.5x still cheaper than SKP and VS

Alpha Trader

1,983 posts

Posted by Alpha Trader > 2016-02-27 09:52 | Report Abuse

U know what is EMS? and you know what is nature of business or not?

Western digital has been their client for more than 20 years, Dyson as well, this are recurring orders, geshen is a pure plastic player, eg is a EMS+ downstream plastic as well, haven't even started plastic if you read carefully between the lines

assume 0 contribution from plastic, ems still very profitable as they are moving into goxbuild

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-27 10:25 | Report Abuse

muscle maybe spend some time to read my Part 1

The story is not like what your impression is

I hope u can join us, and make money

We Huat together

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-02-27 10:32 | Report Abuse

I still can't understand how it is considered good result.
But most company didn't perform well
It is not irrational to assume it is mediocre result at best

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-02-27 10:42 | Report Abuse

Future is exciting for any other company
It is not only exclusive to them
But can we assume any tech company can survive in say 10 years time frame?
Many Japanese tech company end up can't perform well and force to merge with other company for example Sharp recently declare merger with Honhai

VenFx

14,784 posts

Posted by VenFx > 2016-02-27 23:46 | Report Abuse

Vertical integration services is there to improve value of the supply chain, above will not be any issue. Eg is now on a product mixing .

Posted by leslieroycarter > 2016-02-28 15:36 | Report Abuse

TO me , the results r poor....n not convincing at all. What is 2.5c compared with 2.4c?

hsbm

42 posts

Posted by hsbm > 2016-02-28 16:59 | Report Abuse

Yes, poor margin. Easily slip into red if the is any change of business conditions.

enning22

2,871 posts

Posted by enning22 > 2016-02-28 20:14 | Report Abuse

they got long distance to go before ,any one would call ,performed well lah, usually i stay far far away from companies like this.

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-28 20:42 | Report Abuse

From the several comments above, it seemed that many people do not understand EG

You can basically separate its business into two categories.

The first one is the old business supplying to Western Digital (in operation for the past ten years). This business generated revenue of RM800 mil but net profit of RM2 mil (margin of 0.25%). This is the thin margin that you all criticized.

If this is the only business, none of us will be interested, and you won't see me writing about it.

We are buying for its second business - box built.

The box built business is new and it started contributing in June 2015. This business has high margin of 10%, according to one interview of CEO by the press.

This new business is in its infancy and has huge growth potential. That is the reason we are interested in the company.

I provide the above information to explain that I am not trying to con you by selling a proton as a Ferrari to you.

If you are interested to find out more, you can read Part 1. I have explained the company's evolution there.

sharktank

805 posts

Posted by sharktank > 2016-02-28 20:46 | Report Abuse

quoted " In purebull, when KYY calls Stocks fly non stop. Now even KYY&Co shout n yell, stocks r not bothered. "

typical bear market mah. : )

sharktank

805 posts

Posted by sharktank > 2016-02-28 20:47 | Report Abuse

to push it back to RM1.2 and above must have articles 1-10 hentam terus : )

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-28 20:53 | Report Abuse

No need to push. 2015 experienced showed that when result is consistently strong, it will go up gradually by itself. Hevea, Lii Hen, Pohuat, Thong Guan, etc all are like that

If results not good, it will go down like geshen, genetic, Johotin, etc

Your money your risk your reward

Results determine everything, not optimism, not cynicism. Market is emotionless and indifferent to our view

sklyte

2,621 posts

Posted by sklyte > 2016-02-28 20:56 | Report Abuse

Q1 - 5.5m
Q2 - 7.3m
Q3 - ? If can do 6m is good enough, all ems and tech cos are weak on cny season

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-28 20:58 | Report Abuse

5 mil per quarter has already been factored in share price

To go up, they need to produce 7 mil to 8 mil per quarter. If they can deliver that next Q, price will go up. Otherwise will remain at this level.

sklyte

2,621 posts

Posted by sklyte > 2016-02-28 20:59 | Report Abuse

Bro icon all tech and ems players are weak on cny, 2 weeks holiday in china, check out vs inari mpi and unisem, if eg can do 6 next q is very good already

Icon8888

18,658 posts

Posted by Icon8888 > 2016-02-28 21:04 | Report Abuse

I target 100% return within three years. My Warrants coat 62 sen.

tftey

326 posts

Posted by tftey > 2016-03-08 11:07 | Report Abuse

Icon888, anyway to advise why depreciation reduced by RM4.30 million?

Investee

444 posts

Posted by Investee > 2018-02-17 09:46 | Report Abuse

Still holding?

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