There is this dude -- KLSE Wizard, going round in the Telegram asking followers to buy this stock. Bloody butt I don't understand, volume is so low that how to do trading. He shd tell us whether to buy Armada / SapNrg or not...
Hi, noticed this counter spark some investors attention recently after their announcement of issuance of proposed right issue circular to seek shareholders approval for the forthcoming EGM to be held on 26/3/19, at their alor gajah factory.
Salient points to look into their proposals:-
1). Nos of extg shares: 79,613,930
2.) Every 1 extg mother share held entitlement for: a) 3R @ 10sen b) 6RCPS @ 0.025sen [ 5 years tenure ] c) Free 2 Wa [ 3 years duration ] @ add RM 0.20 sen for conversion.
Utilisation of proceeds to purchase raw material, etc and setting up 2 addn manufacturing lines to enhance their production capacity......
To read and study further in conjunction with their circular contents plus new set up jv company, off take agreement, appointed Coo, etc.....
Info abstracted from announcement for COO/CFO and his background.
MR. STANISLAV ZABOLOTSKY- age 30.
1. Master of Business Administration (MBA), Major in Investment Banking Rotman School of Management, University of Toronto
2 Degree Bachelor of Commerce (Accounting) Rotman School of Management, University of Toronto
Mr. Stanislav Zabolotsky is a finance professional with diverse global experience in management, finance, mergers and acquisitions (M&A), accounting, and other complementary fields. After graduating from the University of Toronto with a Bachelor of Commerce degree, he began his career at Siemens and was quickly promoted as financial controller in charge of the Canadian energy distribution business, which he turned into a high-performing award-winning business unit. While working at Siemens, he has also attained his accounting designation. He then left Siemens to pursue his Master of Business Administration for 2 years, during which he interned on Wall Street as an M&A associate. He subsequently joined the investment banking industry in Toronto, specializing in initial public offering, debt raises, and M&A specifically for financial institutions. After a couple of years, he moved to Malaysia to join a start-up in e-commerce as a Vice President of Finance and Business Intelligence, prior to joining Ta Win Holdings Berhad as Chief Financial Officer (CFO). He is also director of Twin Industrial (HK) Company Limited, a wholly-owned subsidiary of Ta Win Holdings Berhad.
The appointment of Chief Operating Officer (COO) is in addition to the his position as CFO, a role which he assumed since 27 June
Additional Salient Points abstracted from Circular and latest QR:-
On 12 February 2019, company setup and operate a new copper rod manufacturing line in Malaysia.... with the following allotees comprises of :-
Tawin Holdings Bhd (65%), Wing Ying Non_ferrous Trading Limited (25%) & Hong Kong Full Dragon Technology Development Limited (10%).
Prospects of the Ta Win Group Our Group is entering a new phase of expansion and growth. With regards to our existing business, our Group is investing in training and development and gradual replacement of our Group’s equipment and machinery with new equipment and machinery to improve efficiencies through reduction in operating and maintenance cost. Our Group has also been focusing on increasing our export sales to diversify our customer base and has successfully secured an offtake agreement to sell all the copper rod and wire products to be manufactured by our 2 new additional manufacturing lines. Premised on the positive overview and outlook of the copper wire industry in Malaysia including the copper wire exports to China, our Board is optimistic that the Proposals will allow our Group to successfully fulfil our obligations pursuant to the off-take agreement and thereby enhance our Group’s financial performance and shareholders’ value. (Source: Management of Ta Win)
Noticed yesterday price droped to 50 sen n ended with 0.05 sen up at 53.5 sen. DBT 500k units were traded at 60 sen on the same date.
On 29/11/18, 10% pp @ RM 0.457, placed to single new s/holder from Ampol Accessories s/b belongs to Mr Pang Chong Yong (local JB), one of the BOD listed in Hong Kong.
Forthcoming Egm set on tuesday, 26/3/19, seeking shareholders ' approval on multi-proposals exercise. i.e. one mother share (1000 units) entitle for 3R@10 sen, 6RCPS @0.025 sen [ 5 years ] n free 2 WA [ exercise price@ 0.20 sen, 3 years ]
Recently one local broker firm set technical BUY on breakout (RM 0.555) with 20.7% potential return. Target: RM 0.63, RM 0.67 Stop: RM 0.495 Time frame: 2 weeks to 2 months. Non shariah stock.
Excluding all the corporate exercises and share price movements, this company is still actually a loss-making company. The 12 months trailing result to shareholders was a loss of RM3.8mil.
Investors was hoping that the RM2.8mil profit recorded in FY17 would persist into FY18 but this had failed to materialised. This is mainly due to the depressing gross profit margin which fell from a high of 3.5% in FY15 to only 0.8% in FY18. FY19 margins should remains somewhat similar to FY18. Investors need to be prepared for the company to still post losses in FY19.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
An approx. of 32.7% increase of transacted volume was derived based on comparison of weekly volume from 31622 (25 to 29/3) vs 23821(18 to 22/3), and approved of egm's resolutions on 26/3/19.
IMO any price below 50 sen may be consider a good entry price while pending their next announcement of entitlement date, tentatively on mid April 2019 (refer to circular, page 17).
Friday resistant breakout indicating an reinforcing the bullishness plus good news on new JV. IMO probability to surpass 1st and 2nd resistant at 63 & 67.5 subject to the volume transacted.
Next week likely to announce the entitlement n new listing date as per their tentatively timeline set as abstracted from the circular.
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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....
vimediac
121 posts
Posted by vimediac > 2017-11-14 19:41 | Report Abuse
any reason , why u said so? .. i will say buy now , buy more .