MENANG CORPORATION (M) BHD

KLSE (MYR): MENANG (1694)

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Last Price

0.645

Today's Change

0.00 (0.00%)

Day's Change

0.64 - 0.645

Trading Volume

203,600


1 person likes this.

1,126 comment(s). Last comment by yamatotrading 1 week ago

Posted by Aldrin Chan Wei Yin > 2015-09-10 00:33 | Report Abuse

Have to be patient. Slow counter.....for the moment.

Posted by shortybones > 2015-10-06 11:24 | Report Abuse

menang in hibernation mode.... zzzzzzzzz

tjhldg

27,218 posts

Posted by tjhldg > 2015-11-02 19:33 | Report Abuse

hehehehhe ... gua lai liao , bo hibernate liaooooooooooo

kakijudi

1,086 posts

Posted by kakijudi > 2015-11-03 14:27 | Report Abuse

menang going to fly soon

kakijudi

1,086 posts

Posted by kakijudi > 2015-11-03 14:28 | Report Abuse

hehhee

crystal168

1,663 posts

Posted by crystal168 > 2015-11-03 14:34 | Report Abuse

Lai Liaooooooooo

Hahahhahaha

Posted by birkincollector > 2015-11-04 15:50 | Report Abuse

so strong queue buy why stuck

Posted by singhisking > 2015-11-05 22:45 | Report Abuse

patience..... heading towards 0.90 - 0.95 by end Nov.

Posted by EllenaKhek > 2015-11-06 11:46 | Report Abuse

Ready to come :D

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2015-11-10 02:22 | Report Abuse

When looking at the 2015 Annual Report (page 74) under Invest in Subsidiary, Inovatif Mewah.

The financial result is very weird:

Revenue - 47,856,000
Loss - (12,017,000)

The construction of this campus should have been completed as there was not much increase in total assets of this subsidiary, so the revenue were expected to be as the following:

1. Availability Charges
2. Maintenance Charges

In general, the availability charges are 1% or more on top of the finance charges & the maintenance charges should command more profit as minimal maintenance cost is expected for new building.

Technically to say, both incomes should bring profits to the company.

But WHY now suffering losses???

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2015-11-10 02:30 | Report Abuse

It is quite a SHOCK to me as these monthly concessional incomes should be kind of guaranteed profits, no matter how we count or calculate.

If the company cannot make profits after the construction is completed in this concession, all other 2 concessions will be very likely the same story.

Please take note that the company is making profits during the construction period via the recognisation of paper profits. (Refer to IC Int 21 on concession accounting treatment)

For more details, please see here for reference: http://klse.i3investor.com/blogs/hardworkeasylifesuperman99/85251.jsp

Posted by EllenaKhek > 2015-11-23 10:25 | Report Abuse

Speed up flying , hold tight

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2015-11-27 20:25 | Report Abuse

Quarterly report released today (27 Nov) with good result but price has gone up since 19 Nov. From RM0.66 to RM0.78.

Sigh... what's that mean? All flesh eaten up already, left bone only. How to invest?

Posted by EllenaKhek > 2015-12-01 14:56 | Report Abuse

SuperMan 99 , That is why there are technical analysis for people to judge ....

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-03-08 00:31 | Report Abuse

EllenaKhek, even TA can't make any indication until there were buying momentum done for a particular of time period.

All in all, insiders take it all.

There are better choices out there.

Posted by shortybones > 2016-04-13 11:27 | Report Abuse

Why a sudden spike? Any news?

cn21

486 posts

Posted by cn21 > 2016-04-14 09:11 | Report Abuse

Could be all PFI projects are completed.....

Posted by weewong123 > 2016-04-20 20:43 | Report Abuse

Seems to alive again...interests and vol picking up. Deadwood for sometime. Any idea what is cooking there other than substantial shareholder buying?

Posted by shortybones > 2016-04-25 11:49 | Report Abuse

New projects secured. Pending announcements?!

Posted by Phileo Peter > 2016-05-03 23:36 | Report Abuse

Two project pfi completed.one more still under construction.profit will be tremendously.

jeand

64 posts

Posted by jeand > 2016-05-04 13:01 | Report Abuse

t.m.fok coming back goreng tp.1.50

singah88

17 posts

Posted by singah88 > 2016-05-23 22:36 | Report Abuse

Goreng goreng goreng 1.50 otw

Angeline

69 posts

Posted by Angeline > 2016-06-06 09:09 | Report Abuse

0.95 now.

jeand

64 posts

Posted by jeand > 2016-07-10 17:06 | Report Abuse

F stok tipu orang naik kerta kebal

cstrader

937 posts

Posted by cstrader > 2016-07-18 18:08 | Report Abuse

Now is the time.

Posted by muffinman8888 > 2016-07-19 12:47 | Report Abuse

show time fellas

cstrader

937 posts

Posted by cstrader > 2016-07-19 21:48 | Report Abuse

TP 1.20

jeand

64 posts

Posted by jeand > 2016-07-21 18:01 | Report Abuse

counter ini sudah game over dia balik kampung bela beruk

jeand

64 posts

Posted by jeand > 2016-07-25 15:20 | Report Abuse

sudah tua .mau makan tong.... kat...... a....l....i

Posted by shortybones > 2016-07-26 17:12 | Report Abuse

Stupid counter.

Posted by shortybones > 2016-08-29 14:13 | Report Abuse

Anyone knows what happened to Toh May Fook?

Posted by shortybones > 2016-11-30 11:51 | Report Abuse

So many directors retire? What is going on?

lkhoong

328 posts

Posted by lkhoong > 2017-01-17 14:36 | Report Abuse

flying?

hisehatu

2,250 posts

Posted by hisehatu > 2017-01-17 14:46 | Report Abuse

yeah fly!!

Posted by smartInvestor1 > 2017-01-17 15:11 | Report Abuse

fly to longkang lo

Posted by birkincollector > 2017-01-17 18:18 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5314581

Toh bought 3mil shares at 0.84. And intend to sell. Safe to say Target price at least 0.84

niatfaez

250 posts

Posted by niatfaez > 2017-01-18 15:33 | Report Abuse

;)

hisehatu

2,250 posts

Posted by hisehatu > 2017-01-19 13:13 | Report Abuse

Dive! Hahaha

Posted by goldeneyes007 > 2017-03-29 20:28 | Report Abuse

ohmypopcorn...hik hik hik

Posted by goldeneyes007 > 2017-04-02 22:55 | Report Abuse

kumo breakout..hik hik hik

Posted by Saham Trader > 2017-04-06 18:07 | Report Abuse

i am watching this counter. time to wake up this time around.

Posted by shortybones > 2017-04-10 11:55 | Report Abuse

sudden surge due to ....?

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-10 11:58 | Report Abuse

due to last few days people sold at 20cts to them, now if u buy at 22.5 u be stuck

thesteward

6,767 posts

Posted by thesteward > 2017-04-10 13:28 | Report Abuse

soon

Josephine Ong

1,001 posts

Posted by Josephine Ong > 2017-04-10 15:39 | Report Abuse

finally moving

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-10 15:40 | Report Abuse

maybe got people sell otherwise it will sleep cos many got trap

Josephine Ong

1,001 posts

Posted by Josephine Ong > 2017-04-10 16:31 | Report Abuse

finally

valuelurker

1,133 posts

Posted by valuelurker > 2017-04-10 16:32 | Report Abuse

Like its brethren triplc crest builder etc, it owns uitm concessions, in this case three of them which have been completed stretching for a period of 20yrs

Like most of these deals, no info. on annual availability nor maintenance charges are given (man you gotta love these tongkat deals). But the balance sheet provides where others may not......

IC12 based on operating assets only, concessions would be worth rm226mil (and im assuming here all borrowings are taken up for the concessions...)

Plus cash of rm56mil = circa rm280mil value

And this excludes entirely its investment property, land, inventory and all other assets totalling a few hundred mil...

If you factor in just a fraction of those...a ballpark rm300mil market cap is conservative

Vis-a-vis menang current market cap ~ 220mil

This is how real world on-the-fly valuations are done

No not even going to quote PE using earnings thats for conman nuubs

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