YONG TAI BHD

KLSE (MYR): YONGTAI (7066)

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Last Price

0.265

Today's Change

+0.01 (3.92%)

Day's Change

0.255 - 0.28

Trading Volume

6,823,900


11 people like this.

10,954 comment(s). Last comment by notinside751 1 day ago

Posted by Soon Heng > 2015-08-05 18:22 | Report Abuse

waiting for the signing of the JV agreement , when the agreement signed , i believe the price will be increase

LaoLiu

1,307 posts

Posted by LaoLiu > 2015-08-05 20:57 | Report Abuse

Retail investor kena trap...downtrend will continue on tomorrow. Wait till it calm down 1st, only go for a Buy. *Closed 0.630 / -0.105*

LaoLiu

1,307 posts

Posted by LaoLiu > 2015-08-06 09:15 | Report Abuse

Wow, rebound...!

kenen

423 posts

Posted by kenen > 2015-08-06 12:03 | Report Abuse

so lucky i enter 0.633 yesterday..

Posted by Jason Boo > 2015-08-06 16:17 | Report Abuse

PETALING JAYA: Garment maker Yong Tai Bhd is banking on a venture into property development to end years of losing money.

A joint venture to build serviced apartment in Malacca has contributed to its turnaround. For the nine months ended March 31, net profit stood at RM1.1mil compared with a loss of RM1.9mil a year ago.

Revenue for the period nearly doubled to RM86mil.

“The recent results, although Yong Tai made just a small profit, are really meaningful for us,” executive director Ng Jet Heong said in a recent interview.

“We have seen the light at the end of our (long dark) tunnel,” he says.

Yong Tai had been making losses every year since 2008. The company now expects to register a profit in the current financial year ending June 30.

The company is now on a stronger financial footing following a capital reduction and rights issue exercise. The fund-raising exercise will pay for the company’s expanding property venture.

Following board approval for the company to diversify in 2012, Yong Tai formally inked a joint venture (JV) agreement with PTS Properties Sdn Bhd in 2014.

In it first property project, Yong Tai pumped RM4.4mil cash into the RM120mil serviced apartment project in Malacca.

The JV partners sell and lease back the property to take advantage of the lack of hotels and similar accommodations in the state.

“The conventional way of acquiring land bank is expensive and we lack expertise. Fortunately, PTS is willing to collaborate with us in the Malacca projects,” he says.

This led to Yong Tai’s second JV project with PTS, dubbed The Apple, a residential and the Marriot Hotel, to be completed in 2017.

Ng says Yong Tai will contribute about RM35mil to this project of RM240mil GDV. The return is estimated at RM80mil to be progressively realised up to its completion,

“We are mulling over drastic measures such as reducing retail outlets, renegotiating contracts apart from the usually practised cost cutting,” he says.

When ask on selling off the unprofitable business, Ng says it would be up to the board but the company wanted to try its best in turning around its core business first.

The company that produces its own apparel is also involved in retailing its products through 19 outlets. It also does fabric dying and contract garment manufacturing.

The group’s core business, however, continued to face tough competition from overseas.

“I am excited with the property venture. I want the company to be eventually known as a property player,” Ng said. “It’s not easy to find the right people while coping with the challenging apparel division.”

source: "Thestar.com.my"

Posted by Jason Boo > 2015-08-06 16:17 | Report Abuse

Seems good future, why is it keep dropping ?

Posted by Soon Heng > 2015-08-06 18:42 | Report Abuse

fast fast sign the JV agreement , then i'll flying highest n highest

jupiter

1,518 posts

Posted by jupiter > 2015-08-07 09:28 | Report Abuse

Died T.T

micky92

759 posts

Posted by micky92 > 2015-08-13 12:55 | Report Abuse

Game not over yet...

sly2612

63 posts

Posted by sly2612 > 2015-08-15 17:24 | Report Abuse

Support level 50 cent ..once volum coming breakthrough resistant level 0.55 it will text next target 62 cent

sly2612

63 posts

Posted by sly2612 > 2015-08-18 20:55 | Report Abuse

Useless stock yongtai ..don't touch at all ..syndicate all runaway alr..will press down to 40 cent faster throw

Posted by Soon Heng > 2015-08-21 15:31 | Report Abuse

duatlai , means ? what meaning margin call for alpple lee ?

Vaylens Chong

1,120 posts

Posted by Vaylens Chong > 2015-08-26 15:42 | Report Abuse

Got 'Tai' on this week need cautious.

Tom

2,984 posts

Posted by Tom > 2015-08-27 18:48 | Report Abuse

oh habis......EPS high also useless liao......

micky92

759 posts

Posted by micky92 > 2015-08-27 21:36 | Report Abuse

Impressive result...should get attn.again

kenen

423 posts

Posted by kenen > 2015-09-05 03:37 | Report Abuse

Yongtai acquire YTB impression? YTB impression is what company?

micky92

759 posts

Posted by micky92 > 2015-09-05 09:10 | Report Abuse

Look interesting...probably time to goreng again

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-09-08 09:23 | Report Abuse

...............吃了杨太(Yongtai)还好杨先生还不知道。。。。。。。。。。。。

哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-09-08 09:32 | Report Abuse

........so bad.....

every time I play myself only.......... luckily Mr. Yang did not know I "eat" Mrs Yang.......................wakakakakakaka


Posted by duitKWSPkita > Sep 8, 2015 09:23 AM | Report Abuse X

...............吃了杨太(Yongtai)还好杨先生还不知道。。。。。。。。。。。。

哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈哈

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-09-08 10:15 | Report Abuse

Dear Fighter,

...................Case closed for morning session...............

CONGRATS! We will be back!

Cheersssssssssssssssssssssssssssssssssssssssssssssss

jupiter

1,518 posts

Posted by jupiter > 2015-09-11 15:48 | Report Abuse

Drop again le

vcgh23

113 posts

Posted by vcgh23 > 2015-09-14 09:18 | Report Abuse

Wow why up so much today ..miss the boat alr.anygood news announced it alr

mamatede

3,950 posts

Posted by mamatede > 2015-09-14 17:56 | Report Abuse

Might be a cycle .. see the chart history

kenen

423 posts

Posted by kenen > 2015-09-14 18:47 | Report Abuse

what cycle?

vcgh23

113 posts

Posted by vcgh23 > 2015-09-15 08:45 | Report Abuse

Yongtai still uptrend....???

Posted by fishface23 > 2015-09-18 12:24 | Report Abuse

dont go below 0.6 in 30min chart, go 0.635 closing go soon. spike. tech play

kanmibo

109 posts

Posted by kanmibo > 2015-09-21 10:38 | Report Abuse

add in more, will still spike.

weechin53

1,070 posts

Posted by weechin53 > 2015-09-22 15:15 | Report Abuse

Very dull no moving

lkhoong

328 posts

Posted by lkhoong > 2015-09-23 15:52 | Report Abuse

drop?

weechin53

1,070 posts

Posted by weechin53 > 2015-09-25 09:13 | Report Abuse

Are you okay? Dreaming....!

duatlai

248 posts

Posted by duatlai > 2015-09-25 09:41 | Report Abuse

you got it @ D7zul

weechin53

1,070 posts

Posted by weechin53 > 2015-09-25 09:46 | Report Abuse

What about you in mind?

weechin53

1,070 posts

Posted by weechin53 > 2015-09-25 10:17 | Report Abuse

Ha ha ha! I do hope so.....!

weechin53

1,070 posts

Posted by weechin53 > 2015-09-25 16:54 | Report Abuse

Hopeless!

JustinM17

11 posts

Posted by JustinM17 > 2015-09-29 09:44 | Report Abuse

lai liao lai liao!

jupiter

1,518 posts

Posted by jupiter > 2015-09-29 11:03 | Report Abuse

lai die liao T.T

jupiter

1,518 posts

Posted by jupiter > 2015-09-29 15:04 | Report Abuse

Duatlai really very surprise ==

Vaylens Chong

1,120 posts

Posted by Vaylens Chong > 2015-09-29 19:10 | Report Abuse

If this counter can hold the 0.495 support, it will go up further..

But I believe it will reverse around that price..

Inve3tor

330 posts

Posted by Inve3tor > 2015-09-29 23:53 | Report Abuse

company from a lost to become profit. Strong believe reverse soonest. Maybe tomorrow.

weechin53

1,070 posts

Posted by weechin53 > 2015-09-30 15:57 | Report Abuse

When?

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-10-06 15:16 | Report Abuse

..............guys.........................

I am CONFIRM IN Yongtai!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Happy trading!

Posted by stevenloomk > 2015-10-06 15:36 | Report Abuse

trading as much as can... before fly....

jupiter

1,518 posts

Posted by jupiter > 2015-10-08 15:33 | Report Abuse

down

layyf

78 posts

Posted by layyf > 2015-10-12 16:04 | Report Abuse

no support?

jupiter

1,518 posts

Posted by jupiter > 2015-10-13 16:11 | Report Abuse

Hope

layyf

78 posts

Posted by layyf > 2015-10-15 22:03 | Report Abuse

today came back!

layyf

78 posts

Posted by layyf > 2015-10-16 09:13 | Report Abuse

up up

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-10-20 18:29 | Report Abuse

Guys,

CONGRATS on YongTai gain.....................

As I mentioned before let go at RM0.650 and wait at RM0.585

Cheers...............................

Happy trading!


Posted by duitKWSPkita > Oct 6, 2015 03:16 PM | Report Abuse X

..............guys.........................

I am CONFIRM IN Yongtai!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Happy trading!

duatlai

248 posts

Posted by duatlai > 2015-10-20 23:14 | Report Abuse

Duit you are always welcome to drop a few lines here ,much appreciated.
If possible do share with me your pick. Kamsia

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-10-20 23:15 | Report Abuse

thanks and kamsia duatlai...........

we discuss together la....and we learn together..... Good night.

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