Their finance team is incompetent and has asked for further extension from SSM to hold AGM. Is there no dividend? Bursa already given 1 month extension and their unaudited accounts was released end of April. Seems like they need 4 months to "craft" their annual report... and is a small group. Lousy CFO should be sacked for the delays. Probably overpaid under-performing old man snacking and watching Olympics at home.
I'm more concerned there is a substantial difference between unaudited and audited AR. Mana tau maybe there a huge adjustment somewhere. 3 more days before month end to release. Brace for this first before QR.
Just read ICAP's (ICAPITAL.BIZ BERHAD) latest quarterly report and noticed that it owns a small amount of EUPE share -- 100,000 units. It is a new purchase because EUPE did not appear in the previous quarterly report.
When the US market went up earlier this year, our market went down. Therefore, it is possible that when the US market goes down, our market will be up. Besides, even if this external factor is important, what EUPE is doing at company level is also important. Look at India stock index, it is at its all time high. Jakarta stock index also recovers nicely. Is it now our Malaysia market's turn to shine?
Recent quarterly report shows icap has begun purchasing shares of eupe. Icap currently has rm 200m cash on hand, it is sufficient to buy 200% of entire eupe shareholding!!!
Est8 November launch will bring the company new high.
Est8 11月推出将为公司带来新高,Est8 coming november launch will bring the company new high.
Recent quarterly report shows icap has begun purchasing shares of eupe. Icap currently has rm 200m cash on hand, it is sufficient to buy 200% of entire eupe shareholding!!!
Est8 November launch will bring the company new high.
Prospects: COVID-19 and continuing economic uncertainty resulting from it, continues to have a major impact on consumer confidence and business activity. However, as the vaccine rollout program continues to make significant inroads, the current and following quarters should result in further easing of curbs on movement and activity, ahead of a comprehensive reopening by the end of the year. This, combined with an expected rebound in global demand, should help to lift consumer confidence during the next quarter and beyond. The Group plans to take advantage of this improved sentiment with the launch of its third KL project – Est8@Seputeh - in the next quarter. There has been encouraging buyer interest in the project and we expect that interest to translate into solid take-up rates when the project is formally launched. The management recognises the fact that COVID-19 is an unexpected event that we, like other businesses, had no prior experience in handling. We vow to do our utmost to minimise the disruption to our business, both in the short and medium term. We are pleased to report that the progress of our projects, as well as potential sales, have been in line with our forecasts and trends. We are quite certain, other than some short-term fluctuations in our financial numbers, the resilience of the Group, as well as its prospects, are going to be satisfactory over the medium term.
Eupe is having low PE, healthy profit for past 6 years, high NTA of RM3.5 and low paid-up capital but the Board has not been declaring good dividends to shareholders. I feel this is the cause of low market price prevailing now.
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....
livingonhope
18 posts
Posted by livingonhope > 2021-07-27 10:17 | Report Abuse
Their finance team is incompetent and has asked for further extension from SSM to hold AGM. Is there no dividend? Bursa already given 1 month extension and their unaudited accounts was released end of April. Seems like they need 4 months to "craft" their annual report... and is a small group. Lousy CFO should be sacked for the delays. Probably overpaid under-performing old man snacking and watching Olympics at home.