Posted by Cakes Moon > 2020-10-21 19:44 | Report Abuse

Newbieinshare, thanks for your advice. But, all my money stuck at SCIB. Wish you all the best in kpower.

Posted by Newbieinshare > 2020-10-21 20:04 | Report Abuse

good or bad news of the chemtrax acquisition??

Posted by gemfinder > 2020-10-21 20:07 | Report Abuse

Good aqlcquisation. All big chemical company client. Got bisness

Posted by Newbieinshare > 2020-10-21 20:08 | Report Abuse

chemtrax clients including the followings:


ATEA ENVIRONMENTAL TECHNOLOGY PTE LTD

CCM CHEMICALS SDN BHD

CT CAMPBELL CORPORATION SDN BHD

EUROTAINER ASIA PTE LTD

GLOBAL GAS ENGINEERING SDN BHD

IDEMITSU SM (M) SDN BHD

POLYMERLATEX SDN BHD

HICOM POWER SDN BHD

SOUTH PACIFIC CHEMICAL INDUSTRIES SB

TITAN PETCHEM (M) SDN BHD

TAIKO BLEACHING EARTH SDN BHD

Posted by Newbieinshare > 2020-10-21 20:08 | Report Abuse

i noticed that LCTITAN and CCM are their client too

Posted by Newbieinshare > 2020-10-21 20:09 | Report Abuse

http://sabakagroup.com/new/WEB/msc/CLIENTS.html

Posted by warrenG > 2020-10-21 20:12 | Report Abuse

Some keypoints

- Buy 51% ownership in Chemtrax for RM10 million through internal borrowing ( kpower currently has 89m cash and debt well covered by operating cashflow by 534% and long term lialibities only RM1.6m)
- Guaranteed contribution to Kpower earning will be RM2,550,000 for FYE 2020 and FYE 2021, which is 51% of the EBITDA Guarantee (based on 51% equity interest of Chemtrax to be acquired by KPower).
- Chemtrax principally involved in the provision of chemical and gas transportation and forwarding services
- Chemtrax is heavily involved in the transportation of amongst others, synthetic latex and nitrile butadine rubber which are key materials for latex gloves, the Company expects that Chemtrax would be able to benefit from the current surge of demand of latex gloves across the world arising from the COVID-19 pandemic.
- Malaysia is projected to produce 220 billion gloves which translates to 67% of global market share, Chemtrax by leveraging on its experience and expertise in transporting key materials for the manufacturing of latex glove, envisaged that its size of transportation fleet will increase by approximately 15 units in order to meet the increase in demand of raw materials by glove manufacturers, with incoming of new glove players such as Mah Sing,

The Proposed Acquisition is expected to contribute positively to the consolidated earnings and EPS of KPower in the future through its share of the consolidated net profits from Chemtrax.

Posted by Yu_and_Mee > 2020-10-21 20:13 | Report Abuse

How about the profit and revenue for the acquired company?

Posted by idiotinvestor > 2020-10-21 20:24 | Report Abuse

PAT 2017 1.1M
PAT 2018 759K
PAT 2020 2.9M

Posted by soros228 > 2020-10-21 20:28 | Report Abuse

good move
more to come

Posted by GLNT > 2020-10-21 22:02 | Report Abuse

No RM10, no sell.

Posted by warrenG > 2020-10-21 22:10 | Report Abuse

yep for FY20 and FY21, Chemtrex was guaranteed RM5m profit (EBITDA) compared to their

Fy17 1.7m
FY18 2.7m
FY19 3.6m

Posted by charlietan89 > 2020-10-22 00:59 | Report Abuse

Goreng tomorrow???

Posted by GLNT > 2020-10-22 08:48 | Report Abuse

Takde goreng lah, slowly go up lah

Posted by GLNT > 2020-10-22 09:37 | Report Abuse

By Maybank:

STRATEGY: ACCUMULATE (TECHNICAL)
Following our BUY on 8 Oct 2020, the stock is approaching our initial target of MYR3.62. Given
a new higher low structure that culminated into yesterday’s breakout above the upper Bollinger band, the current uptrend is set to accelerate further on the back of bullish reading in the Stochastic. Reiterate BUY with a higher target price.

ACCUMULATION LEVEL: MYR3.45 ~ MYR3.50
STOP-LOSS: Below MYR3.15
ESTIMATED RESISTANCE: R1: MYR3.89, R2: MYR4.30
ESTIMATED TIMEFRAME: 3 – 6 weeks

Posted by investorbat > 2020-10-22 11:12 | Report Abuse

Kpower cash in hand is around rm89mil,more than enough to pay for Chemtrax,the only things worrying me r their receivables up almost 34mil compare to previous year and still owe 15mil to director .PAT for last 4q around 10mil but recievables more than 43mil,thats why they must pp to raise cash,hopes coming Q's PAT above 12mil to reduce the burden

Posted by Plantermen > 2020-10-22 11:26 | Report Abuse

Chemical specialised trucks highly niche market. Blue ocean strategy { unlike the normal fragmented trucking logistics} this specialised delivery all contracted for long term

Posted by zzprozaz > 2020-10-22 11:41 | Report Abuse

investorbat, more business then more receivables, however, it is true, we need to see KPower can receive back the money or not. The management has vast experiences, and they look positive in future, so I thk they can do it

Posted by investorbat > 2020-10-22 12:11 | Report Abuse

zzprozaz,Kpower past 1 year revenue is around 100mil,receivable already 45mil,45%,this is not sound good to me,im still holding small position,will top up around 3.2+ if got chance .Serba also facing the same problem,receivable up almost 300mil in a year,that's why share price still under performing .

Posted by zzprozaz > 2020-10-22 14:22 | Report Abuse

If receivable 0 but secure 0 contract, then no use also.

Posted by zzprozaz > 2020-10-22 14:24 | Report Abuse

Scib receivable increase 100m, so scib is bad company right? Base on ur opinion...

Posted by zzprozaz > 2020-10-22 14:31 | Report Abuse

When company growth, receivables increase is normal... For example, u can look at Kerjaya(construction) and Scientex(manufacturer). Please search their history result. When revenue and profit booming increase, receivables also increase very much.

Posted by zzprozaz > 2020-10-22 14:37 | Report Abuse

Kpower future growth expected will be stronger than Scientex and Kerjaya. So, don't worry so much about receivable, no reason that Mustakim and Karim fail to receive money from their customers.

Posted by mrmeow > 2020-10-22 14:38 | Report Abuse

Later or tomorrow gonna hit with another news

Posted by Jonathan Keung > 2020-10-22 14:55 | Report Abuse

Receivables based on the industry norm. What's important is the segmentations and ageing portfolio of the clients strenght

Posted by zzprozaz > 2020-10-22 15:04 | Report Abuse

Yes, Jonathan Keung, u are right

Posted by investorbat > 2020-10-22 15:34 | Report Abuse

zzprozaz,scib receivable increased 905k only compare to yearly 200mil revenue is acceptable,i dont know where u got the 100mil,could u show me tq

Posted by investorbat > 2020-10-22 15:38 | Report Abuse

if what u said scib receivable increased 100m is very serious already because their last 4q total PAT only 10mil

Posted by zzprozaz > 2020-10-22 16:10 | Report Abuse

95k is other receivable ah investorbat, trade receivables of SCIB increase 105m.

Posted by zzprozaz > 2020-10-22 16:11 | Report Abuse

investorbat, so base on ur opinion, scib can get 110m profit in last quarter if receivable is 0?

Posted by mrmeow > 2020-10-22 16:22 | Report Abuse

Wait tomorrow, today close nicely tomorrow fly

Posted by investorbat > 2020-10-22 16:22 | Report Abuse

zzprozaz ,trade receivables(no:10) $30,901,043 - $29,995,178

Posted by investorbat > 2020-10-22 16:24 | Report Abuse

very strange ,up 2 cent but buy rate at 41% only

Posted by zzprozaz > 2020-10-22 16:38 | Report Abuse

investorbat u take 2019 data compare with 2018 data... Scib receivable

Posted by Cakes Moon > 2020-10-22 17:24 | Report Abuse

Walao, nice closing. Tomorrow going to shoot RM4.

Posted by Newbieinshare > 2020-10-22 18:00 | Report Abuse

Mooncakes. Welcome back.... nice closing despite overall poor market

Posted by Newbieinshare > 2020-10-23 09:28 | Report Abuse

Last buycall before it shoot to above rm4.....

Posted by Newbieinshare > 2020-10-23 09:33 | Report Abuse

3.55 more than 1000lot eaten

Posted by investorbat > 2020-10-23 09:44 | Report Abuse

looks like breakout,but i thinks a fake one,i buy 9,900 share 3.59 to test water first

Posted by investorbat > 2020-10-23 09:45 | Report Abuse

share price gap between scib is getting smaller

Posted by melvinlautt > 2020-10-23 09:51 | Report Abuse

price gap is always abt 0.30 or 0.40

Posted by Newbieinshare > 2020-10-23 09:52 | Report Abuse

wait for today bigger news

Posted by zzprozaz > 2020-10-23 10:01 | Report Abuse

investorbat, yesterday u said kpower is bad company now u buy at highest price? Hahaha

Posted by investorbat > 2020-10-23 10:04 | Report Abuse

sold back 3.59,too many seller at 3.6

Posted by Newbieinshare > 2020-10-23 10:08 | Report Abuse

In out like that how to earn o??

Posted by investorbat > 2020-10-23 10:14 | Report Abuse

im very scary about 3.60,the last time i get caught when i chased at 3.6 then drop all the way to 2.9+,lucky i average around 2.9+ and 3.0+,sold back 3.4-3.5

Posted by investorbat > 2020-10-23 10:16 | Report Abuse

that time actually im almost all in at 3.60 ,65,000 shares,almost cry out when drop to 2.9+ hahaha

Posted by investorbat > 2020-10-23 10:18 | Report Abuse

most of my capital at GFM now

Posted by idiotinvestor > 2020-10-23 10:23 | Report Abuse

this investorbat seems noob, keep chase high and cut loss

Posted by Newbieinshare > 2020-10-23 10:31 | Report Abuse

Private placement ok la. At least is not right issue. When a company is expanding its business or doing capex, they need capital. U see MFCB right issue 3 years ago. My friend so smart and subscribed it. Now worth double