Posted by fl888 > 2018-09-20 11:14 | Report Abuse

Impending announcement next week on RP or suspension will create either panic buy or sell..........

Posted by fl888 > 2018-09-20 11:14 | Report Abuse

Impending announcement next week on RP or suspension will create either panic buy or sell..........

Posted by Pmaster > 2018-09-20 11:20 | Report Abuse

Ypunglearner , your entry price so high , why you not cut when lose 10-20%?

Posted by Pmaster > 2018-09-20 11:22 | Report Abuse

Younglearner , this counter is for peolle to earn fast money not for inveat long term.

Posted by Pmaster > 2018-09-20 11:24 | Report Abuse

Fl888 , yup high possibility will suspend soon , bursa wont allow ti extend time anymore.

Posted by Pmaster > 2018-09-20 11:28 | Report Abuse

If suspend than the price will drop to 0.01-0.02.

Posted by Yael Jasper > 2018-09-20 11:41 | Report Abuse

It is time to move..yeah..profit is real ! HAHAHA

Posted by investorwannabe > 2018-09-20 15:03 | Report Abuse

bye bye HBGLOBAL! Luckily I cut losses at 0.15. haih!

Posted by harvestent > 2018-09-20 15:18 | Report Abuse

Hbglobal reply: I will be back !

Posted by Alex™ > 2018-09-20 16:20 | Report Abuse

apu, lose until lausai

Posted by Daniel Tin > 2018-09-20 17:43 | Report Abuse

Close the business

Posted by fl888 > 2018-09-20 20:07 | Report Abuse

Just submit any copied RP by next week to avoid suspension and delisting....

Posted by Pmaster > 2018-09-20 20:49 | Report Abuse

Fl888 , if treally can summit , no need to wait till date line week.
This counter is game over unless got miracle.

Posted by Jn Kok > 2018-09-26 22:35 | Report Abuse

Bye and no more see u again.
GG stock..

Posted by Zoe0016 > 2018-09-28 11:45 | Report Abuse

bye or buy?

Posted by jcpy > 2018-09-29 09:39 | Report Abuse

Another extension of RP submitted. Guess the request will b granted again. No end to this episode. Wonder why HB did not use the route of Huaan, which was granted waiver of RP for it to be lifted out of PN17.

Posted by mikeann > 2018-09-30 10:19 | Report Abuse

Buy. Seems like Basement price now

Posted by everydaysfri > 2018-09-30 18:20 | Report Abuse

HB made five consecutive quarter profits, it can easily uplift from PN17, yet we are drag in this mess. It seems like there's conspiracy going on.

Posted by fl888 > 2018-10-01 07:56 | Report Abuse

Over gearing led to PN17, whereby the auditors commented if the loan is recalled, how will they pay? With NTA of 40cts and several qtrs of profit, what is really the problem...

Posted by Pmaster > 2018-10-01 19:05 | Report Abuse

If reject , will ditection suspend , price will drop to 0.01-0.002 , very risky , today still pending the bursa approval maybe will reject be careful

Posted by mikeann > 2018-10-01 22:29 | Report Abuse

Great risk now as likelihood of rejection is high now as extension of time have been granted already

Posted by Zoe0016 > 2018-10-05 09:28 | Report Abuse

no updates?

Posted by Younglearner > 2018-10-15 22:02 | Report Abuse

any updates?

Posted by RMSB > 2018-10-18 16:05 | Report Abuse

Bungkus

Posted by jcpy > 2018-10-19 16:30 | Report Abuse

Almost down to the bottom pit already, the only way is up. Hopefully there is an announcement soon.

Posted by Pmaster > 2018-10-19 21:19 | Report Abuse

I think high possibility will be reject to extend becos normal if approve wont take so long time.

Posted by Cslee1228 > 2018-10-19 22:07 | Report Abuse

Nolar, refer to the previous extension approval also took 1.5 months lol

Posted by fl888 > 2018-10-20 18:43 | Report Abuse

Only problem is highly geared but still can show qtr profit...so what is the problem actually....think now it is a highly cornered stock to goreng again?

Posted by fl888 > 2018-10-20 18:44 | Report Abuse

Only problem is highly geared but still can show qtr profit...so what is the problem actually....think now it is a highly cornered stock to goreng again?

Posted by MoneyGamer > 2018-10-20 20:48 | Report Abuse

My chart analysis seemed to show that bankers appeared to have gobbled up shares. Let's see if this trend continues next week and if so, the time has come. Keep on a close watch!

Posted by lancetsy > 2018-10-30 09:37 | Report Abuse

http://malaysiastock.biz/Company-Announcement.aspx?id=1096329
extension to 31/3/2019 again.

Posted by jcpy > 2018-10-31 08:31 | Report Abuse

Let's hope with the extension, HBG will now have 2 qtrs to show strong and sustained financial results to convince Bursa.

Posted by harvestent > 2018-11-19 15:01 | Report Abuse

gg.com

Posted by Cslee1228 > 2018-11-30 17:41 | Report Abuse

Result out

Posted by fl888 > 2018-11-30 21:27 | Report Abuse

Still can make profit in spite of high gearing should disqualify the auditor qualification ,,,?

Posted by hkyap > 2018-12-05 10:48 | Report Abuse

Restructure to free from PN 17

Posted by Cslee1228 > 2018-12-19 15:20 | Report Abuse

Hopeless counter

Posted by everydaysfri > 2018-12-20 17:03 | Report Abuse

Yeah, useless counter. Cabut!

Posted by harvestent > 2018-12-24 10:39 | Report Abuse

still got hope to exit from PN17 ? need clear RM85mil short term debt :(

Posted by Pakkk > 2018-12-24 10:39 |

Post removed.Why?

Posted by commonsense > 2019-01-14 14:07 | Report Abuse

The potential delisting of Perisai next month shows the risk of investing in a PN17 company. For HB Global the reason for the company to fall into PN17 is not the same as Perisai. It did not fall into PN17 due to shareholders funds falling below 25% of paid up capital but because of its auditors has express adverse opinions on the company’s audited account of FY2012. For me this is worst than Perisai since investors cannot be sure if the numbers reported by the company are actually true or not.

Assuming that the numbers of the most recent 3Q18 result is true. If you study the balance sheet you will see that this company is actually facing liquidity issues with debt of RM64mil (of which RM51.5mil is short term debt) and cash of only RM107k. Even though the company recorded a small profit in 9m18 it does not translate to cash from operation. If you were to recategorized the interest expense as CFO, then cash from operation for 9m18 would have been -RM2.5mil. To pay off their short-term debt, the company keep refinancing those debts. This may proof to be futile in the end given the increasing interest rate trend. The only way out is for the company to do an equity capital injection or sell some of their assets.

If you are looking to diversify your portfolio outside of HB Global (due to weak balance sheet and risk associated to a PN17 company) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.6x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

Posted by PN17player > 2019-02-11 11:07 | Report Abuse

I wait for this counter to exit PN17 , my neck also dam long oredi . unlike RGT BHD, oredi achieved two q continuous profit, can apply for PN17 exit upon Q result announcement.

Posted by jcpy > 2019-02-18 08:52 | Report Abuse

The stock seemed to have pumped up with sudden high volume last Friday after its continuous lacklustre in pricing despite being profitable. Is this the start of something interesting brewing? Lets wait and see!

Posted by fl888 > 2019-02-19 18:24 | Report Abuse

Boomerang ,whoever he is, is promoting this stock like no tomorrow.....hahaha

Posted by fl888 > 2019-02-27 09:59 | Report Abuse

Buy now as promoted by Boomerang .now 8...

Posted by 10155338416153474 > 2019-02-27 12:08 | Report Abuse

What is Boomerang?

Posted by fl888 > 2019-02-27 13:22 | Report Abuse

Boomerang has been promoting HB to be lie Orion shares in several other people blog.... left to be seen...later..

Posted by jcpy > 2019-02-28 18:22 | Report Abuse

Another strong profit achieved in Q4 results despite being relatively lower as compared to the preceding qtr in 2017. Nonetheless a commendable achievement, which bring to 2 years of profitable business. If this is still not good enough to be out of PN17, I rest my case.

Posted by fl888 > 2019-03-01 03:34 | Report Abuse

The qualified opinion by the Auditors was rather unnecessary when the company loans are 90% secured and welll serviced .....and profitable for 2 years..PN17 can be easily solved by the retraction of this stupid Auditors comments !

Posted by MoneyGamer > 2019-03-01 10:12 | Report Abuse

Big funds seem to be quietly buying in, which explained the increasing volume. Let's see if it can breach the resistance level of 0.09 today.