Not likely will privatize from my point of view. 1) Capex need for Indonesia 2) Controlling party are holding lesser than 50%, and the volume traded is also lesser than 200k per day. (No risk of hostile takeover) 3) Low ROE (<3% per year) 4) High NTA but not generating high return (CEO big salary to themselves)
I'm still hanging to every single share, from the small amounts bought in '17 (partially sold for a profit in late '17) & averaged down big in the 1.60s just a few months ago =)
Dato every day eats a bit here and there. I just wondering is this his hobby or just to pass time....hehe. Anyway, keep up buying the shares. Eventually, he might end up MGO but by then i might be 100 yrs old.....lol......
COMMENTARY ON PROSPECTS AND TARGETS, STRATEGIES AND RISKS APM Group is principally involved in the design, manufacturing, assembly and production of automotive and mobility components. Whilst APM Group’s main operations are located in Malaysia, the Group is also present in various other jurisdictions, including United States of America, Netherlands, Australia, Thailand, Vietnam, the Republic of Indonesia and recently, the United Kingdom. Notwithstanding the Malaysian Automotive Association’s (MAA) downward revision of its Total Industry Volume forecast for 2021 by about 5% (as announced by the MAA on 21 January 2021), the Group is positive that its prospects will improve going into Q3’21 and Q4’21 in view of inoculations efforts against the COVID-19 pandemic in Malaysia and elsewhere being ramped up recently; the implementation of economic stimuli plans, such as the PEMERKASA Plus by the government to further mitigate the impact of this pandemic; Bank Negara’s decision to maintain the benchmark Overnight Policy Rate (OPR) at 1.75%, which will provide additional policy stimulus to accelerate the pace of economic recovery; the potential introduction of newer vehicle models by carmakers at competitive prices to sustain buying interest; and more importantly, the anticipated resumption of operations (whether fully or partially) for those in the automotive industry whose employees have been fully vaccinated by Q3’21. There are no plans for lay-offs or plant closures going forward. However, we expect such improvements to be gradual in view of the uncertainties stemming from the escalation of major raw material prices, such as Polyurethane or PU padding chemical, plastic resins and steel as well as the rise of logistical cost, all of which are expected to dampen the recovery progress. By and large, the Group remains cautious in its approach as overall consumer sentiments are anticipated to remain weak for now due to apprehension and uncertainties in the economic environment. Consequently, the Group does not anticipate full pre-pandemic recovery to occur in the near or mid-term. The Group will nonetheless maintain its focus on long terms strategies for business sustainability and continue to strive for success expeditiously through mergers, acquisitions, strategic partnerships, joint ventures and alliances
During the period under review, the Group withdrew RM54.4 million from its’ investment in unit trust compared to the increase of RM11.1 million a year before, resulting in financing activities generating net cash of RM30.7 million to the Group. Meanwhile, as reported in the last quarter’s report, the Group successfully established a joint venture (“Joint Venture”) with Hyundai Transys Inc. for the establishment of PT APM Hyundai Transys Indonesia to manufacture and supply automobile seats and their related parts and components to its counterpart in Indonesia, namely PT Hyundai Motor Manufacturing Indonesia. The amount of RM16.3 million, being the final tranche of capital for the Joint Venture on the Group’ portion was disbursed in Q1’2021.
I love to UNLOAD when ppl chase!🤗 SOLD 1/3 of my stake remaining from 2020 @ $2.54 after 6 delicious dividends !!!☝✌🈵🔼📈 The 3rd year in a row earning from APM!!!
interested with this company after yesterday QR, but not at today's price, people overreacted or no? time will tell, but for now I will pass (still parking my offer somewhere way below anyway), while looking for another company with good QR turnover
hmm, QR good, if average with previous QR good so so, company good, price still good but it has been very good for quite a while, perhaps many still want to do profit taking
@UnicornP ya true less good QR so far, somemore a few good ones which fair value already reflected on price, or situation like this one APM open price emotionally gap up.
anyway you can check out TOMEI and PPBH among recent released QR, decent consistent EPS while price still undervalue imo
PBA yes I missed out that hmm :-( cannot chase anymore now,
UNIQUE sorry I disagree, price higher than NTA, PE above 10, not my taste
btw back to APM, still far above my offer price... but will see,
just conspiracy theory, seems like someone purposely open high so can offload midway (2.35) which is still pretty good profit consider yesterday close price and the amount offloaded
always keep in mind that QR is known by insiders before released, and there is a year long rally from 1.7 to 2.1 before this QR release
The thing about APM is we cannot see the gross profit. I want to compare with the May QR to see why almost same revenue but this quarter operating profit almost doubled.
@UnicornP PBA I will let it go for now, I should have entered at open price (RM0.84) the next day after QR released if I didn't overlooked that QR. today price hmm.. still nah for me, stingy guy I am haha
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....
Start_0f_the_bull
6,902 posts
Posted by Start_0f_the_bull > 2020-12-03 10:19 | Report Abuse
Next one to fly could be Tchong (4405).