Posted by Teh Diven > 2017-03-01 13:24 | Report Abuse

Net loss 25 million?
What happen to their business model?
Prima 1, casino, and engineering all making losses?

Posted by DRwarrant > 2017-03-01 13:32 | Report Abuse

qtr report no effect, just want to collect cheap......
## it's not like Nexgram where the boss arrested & went to court .....

this is luster >> now gradually up again $$$$$$$$$$
## TEA ( tea) DIVEN edi pressed the panic button & in MAD NOW $

Posted by Master > 2017-03-01 13:35 | Report Abuse

Based on my few years experience in this counter, personal advice only. If profit let chicken first. Lol .... after report come out, price will drop.... let wait .05 entry again...

Posted by Master > 2017-03-01 13:38 | Report Abuse

All the fck directors, know the results early and making all the small holders like us go to holland

Posted by boylong > 2017-03-01 13:38 | Report Abuse

Have faith to bound up soon!

Posted by Master > 2017-03-01 13:39 | Report Abuse

Guys, nothing negative against you all, just my personal view only

Posted by boylong > 2017-03-01 13:41 | Report Abuse

Suddenly panic sell

Posted by DRwarrant > 2017-03-01 15:30 | Report Abuse

LUSTER _WB 4.5 SEN >> UP again $$$$$$$$$$$$$$$

Posted by Runnn > 2017-03-01 15:38 | Report Abuse

Penny stocks coming...

Posted by DRwarrant > 2017-03-01 16:52 | Report Abuse

KIHHHHHH 10 X

MR CRAZY 127 >> LETS PARTY TONITE $$$$$$$$$$$$$$
thanks to the tactical reported LOSS >> $$$$$$$$$$$$$$$$$$$$$$

Posted by boylong > 2017-03-01 17:11 | Report Abuse

Back to track

Posted by DRwarrant > 2017-03-01 17:16 | Report Abuse

TEA (teh) DIVEN , Master ( should be student ! ) , TA Bebi , Don J >> sad ending to you all .- pressed the panic button this morning like headless chicken ...PITY ! advice given to you all fell into your deaf ears !....this is bursa laaa the special bolehland - don't follow the finance textbook or the kaput value investing >> PLEASE USE MICRO_ECONOMICS to make angpows @ jackpot !

Posted by Master > 2017-03-01 20:18 | Report Abuse

DrWarrant, you talked cock ? We play smart ok.....

Posted by Master > 2017-03-01 20:18 | Report Abuse

I happy to entry again at lower price.....

Posted by Master > 2017-03-01 20:19 | Report Abuse

I guess you are not the f*cker director attitude.

Posted by Master > 2017-03-01 20:20 | Report Abuse

EPS is negative..... I'm looking forward to see you how you chick... hehe

Posted by culbertlim > 2017-03-01 20:35 | Report Abuse

GADANG is beetter

Posted by culbertlim > 2017-03-01 20:46 | Report Abuse

GADANG is rising soon this is a secret mesaage

Posted by DRwarrant > 2017-03-01 20:47 | Report Abuse

what's that newbie master ? EPS is negative ?....WHO CARES..! .this is Bursa very special & unique market unlike the developed Wall Street ..market ..Here we love Warrants & Penny...
the MICRO-ECONOMICS PRINCIPLE is MORE CRUCIAL IN DICTATING the Price of Luster & SONS ( WA + WB )

Posted by Runnn > 2017-03-01 22:13 | Report Abuse

Luster Industries - Casino Project Halted
Author: sectoranalyst | Publish date: Wed, 1 Mar 2017, 04:13 PM

Review

Luster Industries (Luster) recorded substantial losses of RM24.6mn in 4Q16 due to goodwill written off (RM16.7mn) and asset impairment (4.0mn) and the forfeiture of deposit for casino of RM1.7mn as the project was halted. Excluding all these, Luster’s FY16 core losses of RM6.1mn trailed our expectation. The variance was due to the absence of profit guarantee from its Cambodia NFO units, which failed to rake in US$1mn for FY16.
Luster’s core losses increased by 17.8% to RM6.1mn as the manufacturing unit failed to turnaround on the back of increased operating cost arising from 1) increase in minimum wage in Malaysia; 2) additional cost incurred on factory relocation, and 3) one-off retrenchment cost. Meanwhile, the gaming unit also failed to report profit for FY16 due to poor luck factor. The lottery business in Cambodia recorded RM2.0mn loss in FY16.
Despite losses, Luster’s net cash position remained unscratched with cash surplus of RM16.4mn in Dec-16 (RM15.3mn as at Sep-16) as the losses arising mainly from non-cash expenses. The near-term liquidity risk remained low with current and quick ratio of 3.6x and 3.1x respectively.
Impact

No change to our FY17-18 earnings projections. We believe FY17 earnings of RM3.4mn is achievable as there will be maiden contribution from property division as explained below.
Outlook

Luster booked in RM11.1mn as property development cost in Dec-16 and we believe the company has completed the abandoned housing project, known as Taman Tasik 1Malaysia, in Perak. As such, we can expect sales of 106 units of properties to begin in 1Q17. Note that this is a build-then-sell project and Luster has recently upgraded the project status to “Kediaman Kos Sederhana”. Based on an indicative selling price of RM250k/unit, the project is expected to contribute RM26.5mn to FY17 revenue.
The group has charged out the deposit for casino project as expenses this quarter, indicating the group is no longer going ahead with its warehousetype casino in Cambodia. We believe this is after taking into account the move to lift casino ban in Vietnam. Note that the Vietnamese government announced that from Mar-17 onwards and for a three-year trial period, citizens aged above 21 and earning at least 10mn dong per month would be allowed to gamble at two new casinos in Vietnam.
Recommendation

We maintain Luster’s DCF valuation at 10sen/share, based on unchanged discount rate of 14%. However, given the share price has appreciated by 80% YTD, we downgrade the stock to Hold with upside potential of 11%. Future catalyst will come from Phase 2 of Taman Tasik 1 Malaysia project, which the group has the first right of refusal in completing the jobs.
From Oct-16 to Feb-17, there was a number of off-market deals initiated by the founder, Mr. Lim See Chea, and a substantial shareholder, SUNCITY Entertainment. Mr. Lim has disposed of a total of 76.2mn shares (4.4% of outstanding shares) at price ranging from 6sen-8.5sen/share and SUNCITY has disposed of 5mn shares (0.3% of outstanding shares) at 10sen/share. During this period, Luster share price climbed from 6sen to 9sen.
Source: TA Research - 1 Mar 2017

Posted by DRwarrant > 2017-03-01 22:21 | Report Abuse

Despite losses, Luster’s net cash position remained unscratched with cash surplus of RM16.4mn in Dec-16 (RM15.3mn as at Sep-16) as the losses arising mainly from non-cash expenses. The near-term liquidity risk remained low with current and quick ratio of 3.6x and 3.1x respectively.

>> SO BE GREEEEEEEEEEEEEEDY $$$$$$$$

Posted by Diven Teh > 2017-03-01 22:25 | Report Abuse

casino project halted liao !!!!!!!!!!!!!!!!!!

Posted by Diven Teh > 2017-03-01 22:26 | Report Abuse

Despite losses, Luster’s net cash position remained unscratched with cash surplus of RM16.4mn in Dec-16 (RM15.3mn as at Sep-16) as the losses arising mainly from non-cash expenses. The near-term liquidity risk remained low with current and quick ratio of 3.6x and 3.1x respectively.
Impact

Posted by Teh Diven > 2017-03-01 23:32 | Report Abuse

No thank you. Engine not start yet. Let the horse run 1st..Doj break 200 point if luster still zzzzz better sit down n watch.

Posted by DRwarrant > 2017-03-02 09:11 | Report Abuse

my friends >> happy trading
hope we all make money $
thanks Luster & sons for the angpows $ so far

Posted by Teh Diven > 2017-03-02 09:17 | Report Abuse

Zzzz still can make money?

Posted by DRwarrant > 2017-03-02 09:28 | Report Abuse

LUSTER HIT 9.5 SEN again.....hmmmm $$
merely a thick ( half sen ) away to touch 10 sen
Expecting more excitement $$$$ for sons WA WB

Posted by DRwarrant > 2017-03-02 11:53 | Report Abuse

WOWWWW......SON WA BREWINGGGG $$$$$
GRAB NOW B4 mom Luster Hit 10 SEN , WA WB POTENTIAL touch 6 SEN

Posted by Teh Diven > 2017-03-02 13:25 | Report Abuse

Very easy to predict luster price. High volume but zzzzzzzzzz.transfer left to right and right to left.

Posted by DRwarrant > 2017-03-02 15:06 | Report Abuse

Be KOOL , please be positive on them , Mr TEA (teh) !
I am wonderingg how come you missed their angpows ( jackpot ) ?
>> Hope this time you got angpows $$$$$ , my fren

Posted by Teh Diven > 2017-03-02 15:36 | Report Abuse

Got volume but no price. Nothing special.

Posted by DRwarrant > 2017-03-02 15:42 | Report Abuse

that mean 'they ' are collecting from weak holders,,,,,,
optimist anytime Luster to hit 10 SEN >> then SONS WA WB to RUNNNN AMOK $$$$$

Posted by DRwarrant > 2017-03-02 16:13 | Report Abuse

WA BREWINGGGGG.....See my dear fren Mr TEA (teh) !
WA is undervalue compared to WB 4.5 sen and MOM QUOTE 9 to 9.5 SEN
OPTIMISIT WA WB to HIT 6 SEN ONCE MOM TOUCH 10 SEN
## Hope our fren Mr TEA (teh) & CO taste the 1st angpows today....God Willing $

Posted by Teh Diven > 2017-03-02 16:40 | Report Abuse

Still long way to go to touch 10 cts

Posted by DRwarrant > 2017-03-02 16:59 | Report Abuse

Mr Teh D , try this >> USING MICRO-ECONOMICS to get your 1st taste of angpow from luster & sons WA WB !

Posted by Teh Diven > 2017-03-02 19:01 | Report Abuse

Whatever u try the result still zzzzzzzss

Posted by crazy127 > 2017-03-02 19:33 | Report Abuse

TEH TARIK only know Teh tarik888-,he don't know MIcro ECONOMICS......he only know zzzzzzzzzz

Posted by DRwarrant > 2017-03-02 19:50 | Report Abuse

Noted Mr Crazy 127.....Pity...Serious Case >> ..Our Dear Fren Mr TEA (teh) already GIVE UP ,,..Keep Calm Mr TEA ... I hope & Pray Mr TEA will strike his VERY 1st angpow very soon but GOT TO APPLY MICRO-ECONOMICS Principle $......the Microeconomics forces of D & S.....so what is D ?...S ?...your homework ., please ...to think like an Economist ! ( can't spoon feed all )

## Trading 101 ....when there is volatility ( movement ) >> this will trigger opportunities for making GAIN $$$$$ - you see this counter Luster & sons WA WB got movement what unlike cold bluechip counters !

Posted by supernova81 > 2017-03-02 20:01 | Report Abuse

Casino halted !luster still can goreng?

Posted by DRwarrant > 2017-03-02 21:06 | Report Abuse

Mr supernova81 ----> Can....now luster got another DARLING >> PROPERTY - NOW A CASH COW $$$$$$

FROM TA Analysis >> huarttt arrrr $$$$$$

We believe FY17 earnings of RM3.4mn is achievable as there will be maiden contribution from property division as explained below.
Outlook

Luster booked in RM11.1mn as property development cost in Dec-16 and we believe the company has completed the abandoned housing project, known as Taman Tasik 1Malaysia, in Perak. As such, we can expect sales of 106 units of properties to begin in 1Q17. Note that this is a build-then-sell project and Luster has recently upgraded the project status to “Kediaman Kos Sederhana”. Based on an indicative selling price of RM250k/unit, the project is expected to contribute RM26.5mn to FY17 revenue.

Posted by DRwarrant > 2017-03-02 21:12 | Report Abuse

Frens >> Read this .....from TA Analysis

Despite losses, Luster’s net cash position remained unscratched with cash surplus of RM16.4mn in Dec-16 (RM15.3mn as at Sep-16) as the losses arising mainly from non-cash expenses. The near-term liquidity risk remained low with current and quick ratio of 3.6x and 3.1x respectively.

Meaning Luster CASH POSITION REMAINED SOLID ROCK $$$$$

that why the Luster price remained intact 9 to 9.5 SEN , WA 4 SEN , WB 4.5 SEN

## Pity to those PANIC SOLD & THROWWWWWWWWW like NO TOMOROW yesterday morning !

Posted by drangonball > 2017-03-02 23:27 | Report Abuse

so mean that it still can keep it? but dunon when will goreng only

Posted by Runnn > 2017-03-02 23:38 | Report Abuse

Runnn

Posted by drangonball > 2017-03-02 23:41 | Report Abuse

y run?rop soon?

Posted by Teh Diven > 2017-03-03 07:24 | Report Abuse

After so long casino halted. Weak planning n bod

Posted by crazy127 > 2017-03-03 07:35 | Report Abuse

Remain Luster price 2020 is Rm3

Posted by DRwarrant > 2017-03-03 07:52 | Report Abuse

LUSTER >> FURTHER getting SOLID with DARLINGG PROPERTY $$$$$$
as Mr Crazy said LUSTER FUTURE RM 3....huartt arrrrr $$$$$$$$$$$$$$$

Posted by DRwarrant > 2017-03-03 07:54 | Report Abuse

LUSTER >> FURTHER getting SOLID with DARLINGG PROPERTY $$$
as Mr Crazy said LUSTER FUTURE RM 3....huartt arrrrr $$$$$$$$

## Hope today TEA (teh) Diven will get $$$$$ for the 1st time & taste the TASTY ANGPOWS of LUSTER

Posted by DRwarrant > 2017-03-03 08:34 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$
MORNING ATTACCKKKKKKKKKKKKKKKKKKK !

Posted by Teh Diven > 2017-03-03 09:02 | Report Abuse

Good good go attack more