Posted by valuebuy888 > 2018-05-25 08:45 | Report Abuse

Yes , very disappointed counter. I think this company have drop the neonade airbar business. As the previous few quarter results doesn’t indicate the revenue from it. They did mention ingested RM14million production line for air bar and will be commenced early 2018 but this Quarter result show zero contribution. Means NEONADE BUSINESS CAN BE IGNORED. Now left Bluetooth headset and FOBO. FOBO is now selling at Perodua but not build in in Vehicle. FOBO SALES depend on the PERODUA sales person in almost 1.8k outlets and sales centre. If daily each outlet can sell ONE FOBO pun good enough la as a begging. Just depend on how they market it and remind Malaysian what is important TPMS.

Posted by valuebuy888 > 2018-05-25 08:47 | Report Abuse

I did call out Perodua on the FOBO and TPMS. But very disappointed that they don’t know on this accessory. Means Marketing and training not good enough. Or may be lack of sales incentive for the sales person. Haha...

Posted by valuebuy888 > 2018-05-25 08:50 | Report Abuse

I will go attend their AGM, try to get to know the boss better.

Posted by Lim Wy > 2018-05-25 11:10 | Report Abuse

@valuebuy888 , thanks for your info and would like to hear from you after their AGM, haha

Posted by valuebuy888 > 2018-05-26 11:21 | Report Abuse

其实我们这小股东只能从财报和大股东的访谈中分析这间潜能。两年前，我的朋友告诉我salutica一间稳定发展和成长的公司。我不是一个人云亦云的投资者。我翻查资料，管理层可是一名企业医生，曾经领军几家公司起死回生。新公司最怕管理层诚信问题，和领导能力。老实说，刚刚上市的公司从创业板转战主板可以说势如破竹。我也发现了管理层一直在脱售股票。在高价脱售一批又一批的股票不禁让人担心。公司一直告诉我们airbar的demand 和潜力让我们都对他不离不弃。直到这个季度，我才发现管理层好像不再专注airbar,所以股价从1.50跌到0.48。我本人对管理层的诚信有所保留。公司不可能到现在才知道airbar 的production 停了。投资一千四百万的生产线也不提。expenses和headcount一直赠加，管理层一直神秘的告诉我们前景一流有新顾客可是已经让我们这支持者十分失望。老实说，管理层好像在误导我们。inventory下了那么多，revenue 又没有上，现金也少了很多，是不是有write off,,我们也不知道。R&D 又来告诉商业机密。哈哈，我们真的是非常失望。账目和公司都不透明如何引入新的投资者？

Posted by valuebuy888 > 2018-05-26 11:29 | Report Abuse

当你看看这家公司的股票分量，大股东持在大概70%的股分，其余的都是投资机构都不超过5%。股价不应直线下滑那么利害。我找不到理由只有用坏人的逻辑才能合理化share price movement.

Posted by valuebuy888 > 2018-05-26 11:30 | Report Abuse

“Production line of airbar to be commenced early of 2018 “, the management no come out to explain this.

Posted by Lim Wy > 2018-05-26 13:12 | Report Abuse

@valuebuy888 等你AGM时才能问得更详细了，哈哈

Posted by valuebuy888 > 2018-05-27 05:23 | Report Abuse

其实都Cut 了七七八八了

Posted by Lim Wy > 2018-05-27 09:33 | Report Abuse

@value888 跑得妙啊，哈哈

Posted by valuebuy888 > 2018-05-28 08:39 | Report Abuse

I THINK I SHALL RESPONSIBLE TO GET THE ANSWER WHICH I RAISED HERE. I HAD EMAILED THE MANAGEMENT REGARDING MY DOUBT AND I APPRECIATED THE FAST REPLY FROM THE CFO DURING SUNDAY. HMM... HOW? SHALL I DISCLOSE HERE? MOST OF THE ANSWERS ARE POSTITVE AS EXPECTED LA..

Posted by valuebuy888 > 2018-05-28 09:46 | Report Abuse

THE MANAGEMENT HAD EXPLAIN THAT THE DROP OF INVENTORY IS DUE TO FULFILLMENT OF Q3.

Posted by valuebuy888 > 2018-05-28 09:47 | Report Abuse

THE CASH POSITION IS ACTUALLY TRANSFER TO SHORTERM INVESTMENT.

Posted by valuebuy888 > 2018-05-28 09:47 | Report Abuse

THE R&d EXPENSES RAMAINED THE OFFICIAL STATEMENT AS MENTIONED ABOVE

Posted by valuebuy888 > 2018-05-28 09:49 | Report Abuse

THE FOBO WITH PERODUA IS JUST A BEGINNING. THEY ARE LOOKING FOR POSITIVE GROWTH OF IT. BUT CAN'T GIVE ESTIMATION AS IT IS CONSIDERED AS INITIAL STAGE BUT A BIT DIFFERENT WITH MY INDUSTRY WITH ONCE I ASSIGN A DISTRIBUTOR, THE COMMITMENT SHALL BE THERE. MAY BE THE MANAGEMENT REFUSED TO DISCLOSE THE DETAIL.

Posted by valuebuy888 > 2018-05-28 09:50 | Report Abuse

THE AIRBAR PRODUCTION IS CONTINUED BUT CONTRITION IS VERY LITTLE. THE PRODUCTION LINE IS INVESTED FOR FUTURE..... AGAIN IS A FUTURE LIKE R&D, AND I HOPE THE INVESTORS CAN APPRECIATE LA

Posted by valuebuy888 > 2018-05-28 09:53 | Report Abuse

THE DROP OF REVENUE IS DUE TO SEASONAL REASON WHICH I CAN UNDERSTAND JUST DONT KNOW HOW TO JUSTIFY THE Q4 PERFORMANCE AS THE INVENTORY DROPPING SO MUCH. THE MAJOR BUSINESS OF SALUTICA IS ASSEMBLY. IF THEY ARE EXPECTING STRONG Q4, THE INVENTORY SHALL BE PREPARED FOR NEXT Q WHICH IS SUPER BUSY... LOLS

Posted by valuebuy888 > 2018-05-28 09:53 | Report Abuse

I MIGHT BE WRONG BUT THANKS THE MANAGEMENT FOR FAST RESPONSE.

Posted by Lim Wy > 2018-05-28 14:06 | Report Abuse

@valuebuy888 Thanks for your effort and update.The conclusion for now is to avoid owning this stock until the sky is clearer haha.