The start up cost is high { 500 million spread over 4-5 years} GP needs financial cloub and deep pockets to fund this venture. China partners collaboration inked agreement { GP to built the sites} whereas the other parties would utilise it. Unlike Mah Sing who have the $$$ and balanced sheet { reserve funds} to fund the glove venture. GP { ccpuan} neither have the cloub or $$$. He relies on private placement or rights to undertake this venture. Balanced sheet result isn't promising { straight losses recorded yearly} PP fundings means share base is increasing { meaning don't expect any dividend forthcoming plus share dilution in the next 3-4 years.} buyers need a really long term view on GP venture. Maybe 4-6 years outlook. just my personal view.
Last financial result recorded EBIT loss at -57 million. cash reserve at 44 million plus accounts receivables at 143 Million but net liabilities at 164 million { due within 12 months } plus other liabilities at 280 million. Total borrowings and liabilities = 444 million. Covid pandemic outbreak means alot of the so called receivables may be stretch or subject to more write down
shd change its business to clouding glove, kiple glove, ai glove, digital glove. l waste time doing digital without enough capital and basic. lol. with this low skill company doing digital business, profit will have to wait n years. slowing enjoy the turtle race.
People do not believe him with so many news on JV or MOU or Head of Agreements etc. Do not make profit for years....no bloody good. Sorry for those who bought tge share rm 1.60 or 1.0 level. 50 cts and will go down further
Sell first later subscript PP at a lower price. Win win formula. PP pricing not fixed { different trenches} using mark to market discount and valuations
Terminator Chaplin asking a very good below:where to find money la?
1. 300mil to 500mil for tencent jv over the next 3 years 2. 50mil kasi venture capital 3. buy this buy that 4. tencent cloud breakeven in 2022 5. AI park
mana money come? from sky ar?
Last FY result, even EBIT (not to say PAT) it also lost RM57m already, no banks will have confidence to lend any money to thus company for all fantastic "FUTURE" expansion. Simply cannot trust this CEO at its top leadership. 2 or 3 years not making profit, Ok. Even not EBIT level? Very wrong management or business models? U think about.
Latest news - IBI {a company owned by CCP } to develop a semi conductor hub in Kedah. What 's will happen if this industrial venture failed { Malaysia property or industrial site is now going thru a purple patch and struggling } the possibilities of GP ask to take over project from CCP is a real concern. Kulim already have a government owned Hi tech park. KLK already started their Batu Kawan industrial park } Not forgetting PDC { Penang } owned high technology site. What sort of investment can CCP hope to attract and compete against the other. Tax free incentives are allowed under MITI for Kulim Hi tech park and PDC run high technology centre
Not too optimistic. GP moving here, moving there. Better start glove production { using 400 - 500 MILLION} to cater for China parties. No profit to showed!
My personal thinking ,kendall want more holding in GP ,thats why Puan push down the price, private placement should be kendall,will unview after excellent Q3 result
there was more than 60k unit queue to buy 1 min ago....now left with 8k plus only....heavy manipulation......bilis better dont touch this stock,....let perem-puan plays himself and hi himself
See coming Q3 result just justify the price,if turn big green,will shoot like g3,big fish holding power became firm,floating share decrease significantly...no need wait two year,GP accept a lot of hidden deal recently,shouldnt be a problem to turn green.
MOU has no legal binding status. Just an understanding between 2 or 3 parties to subscribe or venture or undertake certain projects { before a contract or project } is formed up. { Subject to other related terms and conditions finalised } the MOU is full of legal jargon and clauses
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Louise4
389 posts
Posted by Louise4 > 2020-10-19 17:41 | Report Abuse
Got good news soon. This party wont wait for late comers.