Posted by actura > 2018-12-02 20:58 | Report Abuse

@kasinathan, what is your prediction of private price?

Posted by kasinathan > 2018-12-03 11:32 | Report Abuse

Rm0. 60

Posted by desmondkee > 2018-12-03 13:02 | Report Abuse

PCCS should be good future if trade war continues as China product could use Malaysia as finished goods hub to export their product to US. 2 cents

Posted by actura > 2018-12-03 15:38 | Report Abuse

Got 0.40 i'm happy enough. don't know have to wait how long.

Posted by Kiryu88 > 2018-12-03 23:10 | Report Abuse

0.35 enough .but hv to wait until nxt QR

Posted by kasinathan > 2018-12-04 10:27 | Report Abuse

Coming....

Posted by Kiryu88 > 2018-12-20 09:28 | Report Abuse

break 0.19 ...damn

Posted by Kiryu88 > 2019-02-13 15:46 | Report Abuse

coming ...

Posted by spectre007 > 2019-02-17 02:11 | Report Abuse

https://klse.i3investor.com/m/news/246630.jsp

Puma is a big customer in China for PCCS

Posted by spectre007 > 2019-02-27 18:05 | Report Abuse

Stunning results..

Posted by kasinathan > 2019-02-27 20:27 | Report Abuse

Good turnaround stock... Deserving further attention!

Posted by nikicheong > 2019-02-28 09:24 | Report Abuse

Bought some warrants at 0.055 and 0.060. Good fundamentals, cheap valuations, the managers have increased skin in the game (via the 2017 rights issue), and the warrant's risk-reward ratio seemed to be extremely compelling.

Posted by spectre007 > 2019-02-28 09:38 | Report Abuse

Thought niki cheong had a lot of concerns and only see value if it becomes rm0.10? Why suddenly buy warrant now? Thought u said probably going to expire?

Posted by spectre007 > 2019-02-28 09:40 | Report Abuse

Well done PCCS.. 1 more time dividend for 31 March qtr results will send this to to the roof

Posted by nikicheong > 2019-02-28 10:02 | Report Abuse

When facts change, I change my mind. I had to revise my initial assumptions. I was perhaps a tad hyperbolic there, but PCCS was on my radar and with this Q results I am convinced it is undervalued, if nothing else for the short/medium term. The business is generating good amounts of cash, and the rights issue is starting to pay off. Anyway from a risk-reward standpoint, more cards have shown up and this looks like a solid buy (for now at least). I didn't manage to find any discrepancies in the Q report, and costs are improving. I could be wrong, I may be right. So there's that.

Posted by nikicheong > 2019-02-28 10:08 | Report Abuse

Oh, and the margins have improved, and this has been sustained for 2 quarters now. Margins was always the weak point for PCCS. High revenue, extremely low or even negative margins. Margin expansion will lead to increased profits, and increased profits are what drive share price growth at the end of the day.

Posted by lingling66 > 2019-02-28 11:57 | Report Abuse

we wait for 0.30 ..wait for good dividend

Posted by nikicheong > 2019-02-28 21:36 | Report Abuse

Anyone have any analysis to share, having looked at the Q report? Is it sustainable to you...the margin expansion?

Posted by nikicheong > 2019-02-28 21:58 | Report Abuse

I'm fairly impressed with their Mega Label subsidiary. Very cool website, and they have loads of high profile customers, not to mention they have acquired RM7mil worth of equipment to further expand this segment. Net margins at 7.3%, which is higher than the apparel business.

Posted by spectre007 > 2019-03-01 12:07 | Report Abuse

https://www.klsescreener.com/v2/news/view/497412

Coming?

Posted by lingling66 > 2019-03-01 14:45 | Report Abuse

is coming ....

Posted by lingling66 > 2019-03-01 14:57 | Report Abuse

break 0.30 soon...go go go super star

Posted by TanChinku > 2019-03-02 20:03 | Report Abuse

Better earnings for the next quarter

Posted by lingling66 > 2019-03-04 12:17 | Report Abuse

yeah..break 0.30...let target break 0.35 tis week ..go go go ..!!!

Posted by spectre007 > 2019-03-04 14:55 | Report Abuse

Another 1 sen dividend in coming qtr.. Better than FD..

Posted by lingling66 > 2019-03-04 14:58 | Report Abuse

good dividend oo..worth it...go go PCCS

Posted by lingling66 > 2019-03-06 09:47 | Report Abuse

hit 0.35 soon ...go go

Posted by Joshk > 2019-03-06 10:44 | Report Abuse

Sleeping beauty.

Posted by lingling66 > 2019-03-06 16:21 | Report Abuse

time to awake ady...

Posted by nikicheong > 2019-03-06 17:43 | Report Abuse

Exciting times. I'm really looking forward to the upcoming quarters. Volumes have surged since the last Q report. But at the end of the day, it will come down to earnings growth. If can sustain at average of RM4mil net profit per Q.....that would be a good start.

Posted by hornbill > 2019-03-07 23:19 | Report Abuse

Padini in making

Posted by vivi8888 > 2019-03-10 22:51 | Report Abuse

ALL IN

Posted by Wintogether > 2019-03-11 09:41 | Report Abuse

PCCS highly undervalued. Now just traded at PE 4x. Good to buy.

Posted by lingling66 > 2019-03-11 11:28 | Report Abuse

excellent !!! break 0.30 ..we wait for 0.35

Posted by Wintogether > 2019-03-11 12:28 | Report Abuse

PCCS valuation very undemanding. Just traded at PE 4x !

Posted by yapts > 2019-03-11 22:08 | Report Abuse

will retest the previous high of 0.385~0.390

Posted by Fastrader > 2019-03-12 06:39 | Report Abuse

Good move

Posted by sense maker > 2019-03-12 06:51 | Report Abuse

Rm13m profit increase in FYE2019 from FYE2018 was due to forex differences and gain on asset disposals.

Posted by nikicheong > 2019-03-12 08:11 | Report Abuse

Where do you get the FX differences from? I understand the asset disposal part, as ~RM4mil net comes from the sale of their property.

Posted by lazycat > 2019-03-12 08:53 | Report Abuse

this 1 no good , company last 2 quarter income is one-off from assets gains ( kyy blog din't mention this ), see the chart already know otb and his buddies prepare to dump , stick at dayang better

Posted by kasinathan > 2019-03-12 09:04 | Report Abuse

Next quarter result even better...... Beautiful Pccs!!!

Posted by kasinathan > 2019-03-12 09:04 | Report Abuse

2 cents dividend....

Posted by kasinathan > 2019-03-12 09:05 | Report Abuse

80% return in 6 months.... Not bad!!

Posted by kasinathan > 2019-03-12 09:07 | Report Abuse

Hopefully... Crossing 50 sents in May 4th week when they announcing another 6KK quarterly profit after tax!!!!

Posted by kasinathan > 2019-03-12 09:09 | Report Abuse

I think 60 cents is a reasonable valuation... Afterall, pccs still with single digit P. E.

Posted by sense maker > 2019-03-12 09:09 | Report Abuse

Look at note 18 of quarterly accounts for forex differences. I think dividend is one sen, not two.

Posted by kasinathan > 2019-03-12 09:09 | Report Abuse

The new Hup Seng in the making...

Posted by Jarklp > 2019-03-12 09:10 | Report Abuse

Going through the quarterly reports….
 
1.           Marketing and administrative expenses have reduced substantially especially in the last two quarters. They managed to slash their marketing/admin costs from an average of RM20m/quarter (Jan2017-Jun2018) to RM13m/quarter (July 2018 -Dec2018). The cut contributed positively to the PBT. This is the main reason they are profitable in the last few quarters.
 
2.           FCF continues to improve in the last 2 years. In fact it is more than RM40m in this financial year alone so far, and has been consistently positive in the last 5 quarters. Their market cap is only RM70m ?
 
3.           Cash position increased to RM70.4m or 34 cents , the highest level in the last 3 years. This explains why they can afford to pay dividend.
 
4. There was one off gains of Rm3.5m (after tax) from asset disposal in 1Q. This is relatively small as compared to the RM40m cash generated from the operation in the first 9 months this year.

Cutting expense is very much within the control of the management. As long as they can keep the expenses low like what they did in the last few quarters, PBT should be sustainable. It will give around 2 cents EPS each quarter, or 8 cents EPS if we annualize it. 
 
At yesterday’s closing price, we are effectively paying for their cash only. Good luck !

Posted by sense maker > 2019-03-12 09:17 | Report Abuse

Net cash is rm25m, not rm70m.

Posted by kasinathan > 2019-03-12 09:18 | Report Abuse

From the insider.... Moving forward pccs should be able to growth EPS to 12 cents.

Chan family is fairly optimistic of the business prospect.