masterkevin212 if have any info about YFG share here.. agree with u.. very slow..
28 jan 2014 net profit 1.438 million (increased 120.89%) 30 apr 2014 Nine-month net profit 1.648 million (increased 82.91%) 20 aug 2014 Financial year end net loss 4.286 million
30 sept 2014 Resignation of Chong Fook Sin As Secretary Resignation of Kan Chee Jing As Secretary Appointment of Ang Leong Hoe As Secretary Change of Address
This company has failed to achieve the progress workdone RM 300 MILLION within this year. Meaning to say, they may suffer some huge losses due to materials and labour cost increase. USD goes higher and the imported component to the M & E work and the construction materials may face losses. Again.....the contract on hand may suffer pressure in GST. Those companies can not finish the work by next year april 2015. They will suffer alot.
I don't think they can handle at all. I hold the shares for 3 years. Today i realise this company can not perform. Last quarter has disappointed me. I sold all shares last few days and today.
YFG-wA kaki....be careful, Market is down turn. Don't hope YFG will goreng, Even though goreng...no buyer too. Its YFG WA will become no value. Be a smart investor.
Delay in Construction work will kena LAD penalty. Penalty for LAD will count based on 0.0219% x let's say RM 400M Contract on hand delay = RM 87,600.00 PER DAY!
Bought during cheap sale recently also have to suffer losses. Disappointed with this yfg. Sold all, loss 5 digit. Forget about this cr**k. Hold cash and aim for other better counters
Bullshit lah...project in hand also can not be completed, slow in progress....worried to kena LAD penalty......the amount is not cheap.......Delay again, GST next year...Material price increase..further more...the project tendered by the company with very low margin......can not survive.........Sub-contractors price has increased by so much
for the past 3 years, we still can understand the company slowly recover, every quarter gained profit, but not much.......but now project volume increased...some more made losses...by so much.....
this share price is the same as before 3 years ago, dont forget we subscribed for right issue, the price top up to break even and now even worse than before......the index last time was 1300++ not 1800++ the price is still the same...WTF
I recommended so many of my friends to buy at first, but now...i got scolded by people. i will never buy this share again. Go for other stocks index from 1300 to 1890 earlier, i never benefit from this share been holding 3- 4 years....no dividen...at all.....some more suffering losses....Bull market can not make money from this share....don't expect bear market can make money from this share.....think twice....
Now waiting to buy back at 0.085 & 0.03. Mega cheap sale. Broke 52 weeks low. Please drop more for me to collect cheap. Going to be same price with DBE soon
I think is lowest now, tomolo should be technical rebound. If u buy at 0.085, tomolo u can sell at 0.095. Make 1sen for 1million share, you will earn 10k. :)
what kind of announcement are you expecting? We are lucky already the co. managed to make a little profit otherwise another quarter of losses will make the co. go into PN17
1. JV with other company to develop house property business 2. Another Institutional investor be major shareholder Since this is YFG itself request for pending, it should be okay.. Wait and see!
The Company wishes to inform Bursa Malaysia Securities Berhad (“Bursa Securities”) that the Company’s Audited Financial Statements for the financial year ended 30 June 2014 (“AFS”) will be revised due to the adjustment on the quantum of impairment made on the project which is temporary suspended .
The revised AFS will be released to Bursa Securities on 5 November 2014.
YFG has already triggered PN17 criteria - 'the auditors have expressed an emphasis of matter on the listed issuer’s ability to continue as a going concern in the listed issuer’s latest audited financial statements and the shareholders’ equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer'
They should announce their PN17 status last Friday when they release their audited accounts. Now they are adjusting their AUDITED account to avoid PN17. And seems like their auditor, KPMG and Bursa is helping.... wowww...
If you look at the revised audited account, the shareholders' equity is 50% more than the issued and paid-up capital, hence no longer triggering PN17... *magic done by the company*
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masterkevin212
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Posted by masterkevin212 > 2014-10-07 08:53 | Report Abuse
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