Posted by Victor Yong > 2020-11-11 13:13 | Report Abuse

Meridian, a good buy for permaju. Unrealised profit for the quoted investment ~rm7mil. Bought at 26sen now 33sen (100mil shares). Meridian is profitable :)

MERIDIAN Quarter Report History

FY No. Rev PBT PAT EPS YoY
QoQ
Jun20 - 6,952 4,248 4,248 0.72 1218%
63%
Jun20 - 611 11,433 11,470 1.95

Posted by Godofgambler > 2020-11-11 13:52 | Report Abuse

Later will up like mad

Posted by Godofgambler > 2020-11-11 17:29 | Report Abuse

Wait....anytime will shoot up

Posted by Godofgambler > 2020-11-11 19:19 | Report Abuse

Wait and see

Posted by Mikecyc > 2020-11-12 06:17 | Report Abuse

Referred to FY20 annual report ended June :

a) Financial assets

Trade and other receivables 2,561,460

Cash and bank balances 1,675,560


total = 4,237,020

b) Financial liabilities

Loans and borrowings 2,007,353

Trade and other payables 52,920,418

Lease liabilities 3,266,986

total = 58,194,757


a) - b ) = ( 53,957,737 ) high risk

Posted by Mikecyc > 2020-11-12 06:17 | Report Abuse

Core Business :

1.) Automotive
2.) Properties Development
3.) Timber

Since FY13 to FY20 ... in Loss ..


Share Capital 228,310,253

Accumulated Losses (134,133,999)

Posted by Mikecyc > 2020-11-12 06:20 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 06:21 | Report Abuse

Timber business : see posts in WTK ..

Posted by Mikecyc > 2020-11-12 06:22 | Report Abuse

Properties Development : see post in Naim

Posted by Mikecyc > 2020-11-12 06:30 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 06:33 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 06:37 | Report Abuse

Meridian : FY20 Revenue is much Lesser than Profit .. sold Asset ke

Financial Year Revenue ('000) Net ('000) EPS Report
30 Jun, 2020 7,563 15,718 2.67 View
31 Dec, 2019 13,210 -14,782 -2.62
31 Dec, 2018 12,952 -23,559 -4.81 View
31 Dec, 2017 31,148 -8,825 -1.84 View
31 Dec, 2016 68,694 -6,683 -1.40 View
31 Dec, 2015 118,456 -56,451 -11.69 View
31 Dec, 2014 124,870 -3,090 -0.66 View
31 Dec, 2013 180,466 20,231 4.44 View
31 Dec, 2012 169,448 28,017 6.27 View
31 Dec, 2011 80,838 6,646 1.54 View
31 Dec, 2010 67,835 13,089 3.06 View
31 Dec, 2009 49,394 -22,717 -5.31 View
31 Dec, 2008 55,171 -20,624 -4.84 View
31 Dec, 2007 73,813 -97,942 -22.94 View
31 Dec, 2006 153,741 14,717 3.45 View
31 Dec, 2005 89,130 -108,896 -25.57 View
31 Dec, 2004 84,747 -42,257 -9.90 View
31 Dec, 2003 75,416 3,189 0.75 View
31 Dec, 2002 67,308 11,938 2.84 View

Posted by Mikecyc > 2020-11-12 06:44 |

Post removed.Why?

Posted by Godofgambler > 2020-11-12 08:11 | Report Abuse

Rally soon...

Posted by Goldencoins > 2020-11-12 08:21 | Report Abuse

ya later play up like AT.

Posted by newbie9893 > 2020-11-12 08:25 | Report Abuse

i will sapu permaju kaw kaw this morning..to be rewarded very soon

Posted by Mikecyc > 2020-11-12 09:41 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 09:44 |

Post removed.Why?

Posted by Goldencoins > 2020-11-12 09:50 | Report Abuse

Mikecyc, now all also goreng, look at AT, Mtouche, Mtronic, Mlab etc.

Just join in make some quick bulk.

Posted by Goldencoins > 2020-11-12 09:58 | Report Abuse

now share volume only 501 M, can easily goreng up, dont miss the boat.

Posted by Mikecyc > 2020-11-12 10:06 |

Post removed.Why?

Posted by Goldencoins > 2020-11-12 10:30 | Report Abuse

mikecyc, nobody care about fundamental now, dont waste your time, join and goreng make money more important than proving your points right or wrong.

As long as you can take this opportunity to make more money you are the winner, nothing matter more than that.

Posted by aa88 > 2020-11-12 10:52 | Report Abuse

ada Gloves also

Posted by Godofgambler > 2020-11-12 11:50 | Report Abuse

Going up insider news
Tp0.5

Posted by Mikecyc > 2020-11-12 12:33 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 12:35 |

Post removed.Why?

Posted by Goldencoins > 2020-11-12 12:46 | Report Abuse

Mikecyc, did you make any this morning?

Be smart and be a winner, once the counter want to goreng, you cant stop it, nobody will listen to you.

Posted by Goldencoins > 2020-11-12 15:11 | Report Abuse

today warming up get ready..

Posted by Victor Yong > 2020-11-12 16:04 | Report Abuse

People are desperate want fast money, they just want a platform to speculate :)


@Golden-coins Mikecyc, did you make any this morning?

Be smart and be a winner, once the counter want to goreng, you cant stop it, nobody will listen to you.
12/11/2020 12:46 PM

Posted by Victor Yong > 2020-11-12 16:07 | Report Abuse

Ya lah people mau wang segera tak mau tunggu

Syer macam mynews, mct , dll ambil masa untuk ROI, tak sanggup menunggu :)

@
Goldencoins mikecyc, nobody care about fundamental now, dont waste your time, join and goreng make money more important than proving your points right or wrong.

As long as you can take this opportunity to make more money you are the winner, nothing matter more than that.
12/11/2020 10:30 AM

Posted by Victor Yong > 2020-11-12 16:33 | Report Abuse

Speculators kot :)

@Golden-coins Mikecyc, now all also goreng, look at AT, Mtouche, Mtronic, Mlab etc.

Just join in make some quick bulk.
12/11/2020 9:50 AM

Posted by MasterYoda > 2020-11-12 16:35 | Report Abuse

Ha Ha asking this pundek mikecyc be smart and be a winner is like hoping for a dog to be able to talk one day ke ke ke

Posted by Mikecyc > 2020-11-12 18:54 |

Post removed.Why?

Posted by Mikecyc > 2020-11-12 18:55 |

Post removed.Why?

Posted by Goldencoins > 2020-11-12 19:53 | Report Abuse

Ytd Mtouche, Mtronic warm up, today fly tomorrow correction.

Today permaju warm up, tomorrow fly.. lol..

Posted by Victor Yong > 2020-11-13 07:23 | Report Abuse

U know him well. :)

@MasterYoda Ha Ha asking this pundek mikecyc be smart and be a winner is like hoping for a dog to be able to talk one day ke ke ke
12/11/2020 4:35 PM

Posted by dinbaba91 > 2020-11-13 08:52 | Report Abuse

this stupid micky came kacau here edy, no wonder went missing in carepls with his negative momentum, thought he died

Posted by Good123 > 2020-11-13 09:14 | Report Abuse

PERMAJU INDUSTRY: (MYR0.19) Acquisition to expand into West Malaysian property market
Maybank IB Retail Research

Permaju Industries acquired 100m ordinary shares of Meridian Bhd (MEDA MK, Not Rated), representing 16.97% of issued shares in Meridian, for MYR26m cash or MYR0.26/sh. The acquisition will be funded entirely via internally generated funds. Pursuant to the acquisition, Meridian is now an associate company of Permaju.

At MYR0.26/sh, Permaja is effectively valuing Meridian at a P/B of 1.2x. The acquisition would allow Permaju to expand its property ventures into the West Malaysian market. At present, Permaju’s property projects are mainly located in Sabah. The acquisition would allow both parties to leverage on respective resources, as Meridian is also involved in property development and construction.

That say, execution is key to success. Meridian has been in the red since FY14 while Permaja’s earnings track record has also been volatile. Meridian’s earnings were affected by the subdued property market while Permaju, which has been in the red since FY07, was weighed by high operating costs. Its property and automotive industries are exposed to weak consumer sentiment.

Permaju has been trying to diversify its earnings base in its bid to turn around. In Sep 2020, the group entered into a joint venture (JV) with VSolar Group (VSOL MK, Not Rated) to submit a tender to build and operate a Large Scale Solar 4 (LSS4) proposed 50MW plant in Seremban. It is also in talks with Anzo Holdings (ANZO MK, Not Rated) to collaborate in the manufacturing of gloves.

But until any deal materializes, its outlook will remain subdued. Permaju recorded a loss after tax of MYR6.6m in FY6/20, with its automotive, timber, and property development divisions all in the red. This does not help when the government implements partial or full lockdown to combat the Covid-19 pandemic, which in turn, would hurt the demand for automotive as well as properties.

Valuation wise, P/B methodology is preferred here due to Permaju’s weak earnings track record. At current price, the stock is trading at a trailing P/B of 0.9x, above its 3-year historical average P/B of 0.7x. The only silver lining is that, its net gearing stood at 0.01x at end-Jun 2020. Investors with lower risk appetite should stay on the sidelines for now.

Posted by Good123 > 2020-11-13 09:15 | Report Abuse

Eddie chai is also the son of permaju's founder :)

Posted by Good123 > 2020-11-13 09:15 | Report Abuse

after oversea, anzo, dll, Giliran permaju kot

Posted by Good123 > 2020-11-13 09:16 | Report Abuse

permaju glove SDN BHD Dah set up , tanah Di negeri sembilan Dah dibeli

Posted by Good123 > 2020-11-13 09:16 | Report Abuse

Giliran permaju Dah sampai

Posted by Good123 > 2020-11-13 09:17 | Report Abuse

permaju PA Akan menjadi tumpuan, 8sen bila disenaraikan kini 4sen saja

Posted by Godofgambler > 2020-11-13 09:21 | Report Abuse

Lai lai lai
Tp1

Posted by Godofgambler > 2020-11-13 09:23 | Report Abuse

Duit raya mari

Posted by Good123 > 2020-11-13 09:26 | Report Abuse

permaju PA 4sen X 5 units = 20sen jika converted into ordinary share. advantage Ada Banyak, pakai 1 unit PA tambah 20sen= 1ordinary share. jadi Beli pa permaju lebih Banyak kelebihan. 10tahun untuk pa permaju

Posted by Good123 > 2020-11-13 09:27 | Report Abuse

Permaju PA dah jatuh Dari 8sen, 4 Sen Saja

Posted by Godofgambler > 2020-11-13 09:29 | Report Abuse

Duit Rayaaaaaaaaa

Posted by Good123 > 2020-11-13 09:31 | Report Abuse

contohnya, Beli 5 permaju PA= 20sen=1 ordinary share, tapi boleh pakai/tambah Wang untuk jadikan 5 permaju pa = 5 ordinary share , 4x4x5sen= 80sen ditambahkan untuk conversion

Posted by Good123 > 2020-11-13 09:35 | Report Abuse

Beli permaju PA jika 20sen tapi boleh converted jadi 5 Kali Ganda