Posted by BlackHorse99 > 2018-12-07 09:42 | Report Abuse

haha dafuq bro kevinchong

Posted by HazByn > 2018-12-07 12:01 | Report Abuse

everyday drop.paperloss 50%.

Posted by upshare > 2018-12-07 12:15 | Report Abuse

Are u bought at 0.34???

Posted by mukhriz02023 > 2018-12-08 09:34 | Report Abuse

Just sell every share you have guys. Price going down really bad

Posted by upshare > 2018-12-09 08:36 | Report Abuse

Already at bottom???

Posted by mukhriz02023 > 2018-12-09 10:23 | Report Abuse

No. Not yet. 13 cents

Posted by sonata18 > 2018-12-09 15:28 | Report Abuse

Should hold rather than sell at a loss.

Posted by HazByn > 2018-12-10 09:53 | Report Abuse

will sell once TP 0.005

Posted by traderalexooi > 2018-12-10 15:59 | Report Abuse

margin call coming. wait for below 10 cents

Posted by upshare > 2018-12-10 17:35 | Report Abuse

Ok...i waiting....10 cents..

Posted by djibaok > 2018-12-10 18:57 | Report Abuse

START BUNGKOS SEKARANG

Posted by Alex™ > 2018-12-10 19:35 | Report Abuse

Price moves before qr. This saying is true :(

Posted by victorlee88 > 2018-12-11 00:28 | Report Abuse

this management is hopeless .the company stays afloat on one private placement after another.

Posted by mukhriz02023 > 2018-12-11 18:15 | Report Abuse

Sell. Cut loss

Posted by kevinchong > 2018-12-11 18:30 | Report Abuse

Bukan 29/11/2018 sudah out qr?y today out again???

Posted by mukhriz02023 > 2018-12-12 08:24 | Report Abuse

Audited version

Posted by commonsense > 2018-12-12 11:02 | Report Abuse

Those that are interested in this company must be eyeing for the high NTA that the company has as of Sep 18 which is around RM1.64 per share. Even after paying off the RCPS, NTA is still high at around RM1.25 per share.

However, the company is stll expected to post losses in the near future and given the depleting cash balance of only RM7mil as of Sept, they might need to do something in order to raised capital. Even that RM6mil is pledged amount to banks. So their cash for operation is only RM1mil.

I doubt any banks will be comfortable to loan them any money given the negative cash flow that it is facing at the moment. They need to either sell some of their asset, convert their high receivables to cash or do another round of equity fund raising. Even after the recent private placement exercise last month, it had only managed to raise a total or RM7,2mil. I think the company needs at least around RM10mil per quarter to stay afloat.

A big chunk of the receivables have actually been in the company's book for more than a year. Not sure if they can convert a lot of the receivables to cash soon.

Selling of the assets might take some time to materialised. The biggest assets (in terms of value) is the 500 acre property land in Ulu Langat (valued at RM785mil). Other high valued properties are mostly industrial properties/ lands.

Investors need to be prepare for a potential cash call event. Hopefully management can unlock some of the value for the Ulu Langat land soon. Till then investors have to be ready to face some market volatility.

For those looking to diversified their portfolio outside of the ceramic or property industry, 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 5.7x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.

Posted by Bug62 > 2018-12-12 20:40 | Report Abuse

This commonsense promote this on many blogs!!! " For those looking to diversified their portfolio outside of the ceramic or property industry, 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 5.7x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19"
.

Posted by megatti_maf > 2018-12-13 12:16 | Report Abuse

Haha, after reading commensense thesis, I analysed further on this company and its actually one of the cheapest valuations in bursa..only hope that price will uptrend more so it will trigger the techies and charties to buy...

Posted by upshare > 2018-12-13 13:38 | Report Abuse

Ya... shall around 0.30....

Posted by Muarmali > 2018-12-19 09:25 | Report Abuse

my friend told me that someone say he is Tun friend. MB macai. CM cousin. already change skin no more Najib man...
still using this kind of cheap cari makan method? :)))

Posted by Bullish > 2018-12-19 11:36 | Report Abuse

Up?

Posted by oranje > 2018-12-19 20:36 | Report Abuse

Walah wei ! still investing in Seacera ?

Posted by oranje > 2018-12-19 20:36 | Report Abuse

X
oranje ! still investing in MRCB attn paul sotong, and friends
19/12/2018 20:33
X
oranje oranje yoooo hoooo charles T boy.... loaded any hsi c lately ? q,t, Wm X will make you a ton in the next few days...................
19/12/2018 20:28
X
oranje Charles T boy, pass the tongkat Ali, Megan Fox waiting for me................. She's less than 1/2
my age......................
19/12/2018 20:29
X
oranje And in January Sailing HSI H.............. Oren told u oren told u oren told u so u need everything u need to know cos oren told u so...................
19/12/2018 20:30
X
oranje Remember C first next year H, u will re richer than uncle koon and YOU DONT HAVE TO CHEAT ANYONE (UNLIKE OLD UNCLE) ok ok ok some Singh will be counting your cash in you house eating your chocolates..............
19/12/2018 20:33

Posted by Bug62 > 2018-12-20 13:59 | Report Abuse

Another idiotic comment!!

Posted by BlackHorse99 > 2018-12-24 10:47 | Report Abuse

will it break resistance at 0.19? Sea cerá cerá

Posted by Nicholasming91 > 2018-12-24 10:49 | Report Abuse

Hohoo good news coming

Posted by BlackHorse99 > 2018-12-24 10:53 | Report Abuse

Well, it just broke R1 at 0.19... Vrooommmmm! Engine started up for Xmas!

Posted by julian1981 > 2018-12-24 11:47 | Report Abuse

merry xmas to all..

Posted by Bug62 > 2018-12-24 12:15 | Report Abuse

Going TO go above. 20

Posted by Manteh110 > 2018-12-24 12:21 | Report Abuse

Waiting 0.17

Posted by paulthesotong > 2018-12-24 14:27 | Report Abuse

100% employees loyalty.. esos at .305.. 21 gun salutes.

Posted by Muarmali > 2018-12-24 14:36 | Report Abuse

got land but don't know how to develop and miss the golden opportunity. wait for another 10 years. useless people take gaji buta. :)))

Posted by simon3618 > 2018-12-26 15:32 | Report Abuse

shark is fishing

Posted by Bug62 > 2018-12-26 16:29 | Report Abuse

Any time now its going to explode.

Posted by Nicholasming91 > 2018-12-26 16:36 | Report Abuse

Hohoho incoming tp 30

Posted by Nicholasming91 > 2018-12-26 17:06 | Report Abuse

Some good news coming , just hold

Posted by mikeann > 2018-12-26 18:58 | Report Abuse

Stock Overbought. Support at 0.16

Posted by Nicholasming91 > 2018-12-26 18:59 | Report Abuse

Lol, u missed the boat brah.

Posted by Nicholasming91 > 2018-12-26 20:09 | Report Abuse

When directors sell, u know there will be some deals going on .

Posted by Bug62 > 2018-12-27 06:27 | Report Abuse

Dow up 1000 points!!!!

Posted by Nicholasming91 > 2018-12-27 06:32 | Report Abuse

Perfect time to go 20% today

Posted by Bug62 > 2018-12-27 13:19 | Report Abuse

Watch it suddenly fly since ESOS was at 0.305 .

Posted by tbc1982 > 2018-12-27 13:36 | Report Abuse

500 at 0.19, test water

Posted by Manteh110 > 2018-12-27 13:59 | Report Abuse

Waiting 0.15

Posted by Manteh110 > 2018-12-27 13:59 | Report Abuse

Coming soon

Posted by Nicholasming91 > 2018-12-27 14:22 | Report Abuse

0.30

Posted by 1774931129203279 > 2018-12-27 15:26 | Report Abuse

COMING 0.30?

Posted by Manteh110 > 2018-12-27 15:46 | Report Abuse

0.30 need long time

Posted by Nicholasming91 > 2018-12-28 00:16 | Report Abuse

Someone will take over