Posted by john doe > 2017-10-11 15:48 | Report Abuse

Liihen moving, hevea also started to move ald... When is Jaycorp's turn?

Posted by Angel of KLSE 大马股仙 > 2017-10-11 18:25 | Report Abuse

be patient

Posted by shortinvestor77 > 2017-10-11 21:22 | Report Abuse

Accumulating more.

Posted by RocketRider > 2017-10-12 07:43 | Report Abuse

Looks like some of the major shareholder ceasing as holder. What is the story?

Posted by Beza > 2017-10-12 08:18 | Report Abuse

RocketRider, are you a shareholder here? If not, leave us alone here.

Posted by anicca > 2017-10-18 21:36 | Report Abuse

should break and stay above 1.60 soon, n then move toward 1.70 & 1.80

Posted by shortinvestor77 > 2017-10-27 21:13 | Report Abuse

KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) is optimistic that the 2018 Budget will provide the right impetus to increase the local companies’ participation in international trade.

In tabling the Budget today, Prime Minister Datuk Seri Najib Razak announced that a total of RM150 million had been allocated to Matrade, Malaysian Investment Development Authority and SME Corp towards the goal.

These funds will be channeled to enhance each firms’ market expansion through export promotion activities, inclusive of the Market Development Grant (MDG).

“These export promotion activities will be focused in key markets where Malaysia has Free Trade Agreements (FTA) with and markets with high demand for Malaysian exports especially in sectors such as furniture, electrical and electronics, information, communication and technology, oil and gas, food and beverage and construction, among others,” Matrade said in a statement.

In providing financial support for Malaysian companies, RM200 million of credit facility for export will also be provided by EXIM Bank to local small and medium enterprises (SMEs) and RM1 billion for credit insurance for companies.

The loan facility amounting to RM100 million with 70 per cent-government surety to encourage automation among the local furniture companies will definitely boost production for export.

In addition, the budget will also be utilised to enhance the development of Malaysian companies through programmes such as Go-Ex, Bumiputera, Women and Youth Exporters Development Programme (BWYEDP), Mid-Tier Companies Development Programme (MTCDP) and eTRADE Programme.

“It is imperative that the Malaysian exporters community continue to receive strong support from the Malaysian Government through both export promotion and exporters development activities,” said Matrade chief executive officer Dr. Mohd Shahreen Zainooreen Madros in the statement.
https://www.nst.com.my/business/2017/10/295849/budget-drive-malaysian-firms-international-presence#cxrecs_s

Posted by shortinvestor77 > 2017-10-28 11:41 | Report Abuse

http://www.klsescreener.com/v2/news/view/299033

Posted by goofy8020 > 2017-10-31 18:58 | Report Abuse

Summary for the link above:
A sum of RM100 million is provided as loan with 70% guaranteed by the Government to automate production of local furniture for exports.

Posted by john doe > 2017-11-03 19:32 | Report Abuse

http://www.theedgemarkets.com/article/jaycorp-proposes-diversify-construction-and-property-development

* To fly soon!

Posted by Patrick13 > 2017-11-03 22:22 | Report Abuse

Really surprised for this news. But I think this is good moving for JayCorp's future prospect.
The chairman Tan Sri has Sabah background, He is familar with Sabah business environment and also have strong network there. Nowadays, Government realised the importance of Sabah & Sarawak, in the progressing well to construct Pan Borneo Highway could create huge business opportunity there. Maybe just like the statement highlighted, it can contribute 25% profit to the Group by Construction and Property Development segment.

Posted by Yap Yangg > 2017-11-03 22:53 | Report Abuse

Thank for the informatation~

Posted by kevin008 > 2017-11-04 00:02 | Report Abuse

https://m.facebook.com/notes/%E8%82%A1%E8%82%A1%E6%95%99/%E4%B8%8D%E7%94%98%E5%AF%82%E5%AF%9E%E7%9A%84%E9%AB%98%E8%82%A1%E6%81%AF%E8%82%A1-jaycorp-part-4/2044031895816865/

Posted by john doe > 2017-11-05 18:28 | Report Abuse

396 acres land in Papar, Sabah...
"Papar is a town and a district in West Coast Division, Sabah, Malaysia. It is 38 kilometres south of the state capital, Kota Kinabalu. Journey from Kota Kinabalu to reach Papar takes approximately 45 minutes to 1 hour by car."
*This is quite a prime land!

Posted by Ahmad Eruwan Aia Takaful > 2017-11-06 07:34 | Report Abuse

Boom today

Posted by Patrick13 > 2017-11-06 09:53 | Report Abuse

Bought 30 lots for my mum.

Posted by Angel of KLSE 大马股仙 > 2017-11-06 18:54 |

Post removed.Why?

Posted by shareinvestor88 > 2017-11-06 22:45 | Report Abuse

ya sell target 80c

Posted by Patrick13 > 2017-11-07 09:23 | Report Abuse

No fund manager call buy or big fund institution invest in, ppl wont recognise this de.

Posted by john doe > 2017-11-07 11:09 | Report Abuse

Have to wait till AGM for catalyst

Posted by kevin008 > 2017-11-10 11:07 | Report Abuse

once AR2017 out, dividend ex, AGM and EGM date fixed...will start move bah haha
still waiting for more good news hehe

Posted by kevin008 > 2017-11-10 11:13 | Report Abuse

company keep expanding...why wan sell woh haha
From Furniture expand to Carton Boxes, to Kiln-Drying, to Renewable Energy, to Construction and now pending for Developer.(从家具到纸箱、木材、再生能源、建筑业到要发展最新的房地产)

https://m.facebook.com/notes/%E8%82%A1%E8%82%A1%E6%95%99/%E4%B8%8D%E7%94%98%E5%AF%82%E5%AF%9E%E7%9A%84%E9%AB%98%E8%82%A1%E6%81%AF%E8%82%A1-jaycorp-part-4/2044031895816865/

Posted by Amit Khindriya > 2017-11-11 17:17 | Report Abuse

Shaky........when u move into too many business and don't focus on ur core.

Posted by shortinvestor77 > 2017-11-11 21:13 | Report Abuse

Think positive and now all do well. When they grow, Jaycorp can list them up one by one to unleash its potential. Never heard Sunway listed Sunreit and Suncon in Bursa, such a diversified company?

Posted by Teck Ng > 2017-11-15 19:37 | Report Abuse

May I suggest to those retail investors who are still holding Jaycorp shares. Unless you do not have holding power, do not sell Jaycorp shares now. Wait until the company issues the Notice of Closure of 6 sen final dividend which is expected to be issued next week. Once the Notice of Closure of dividend is issued, investors will rush in to buy the share and push up the price. With a dividend of 6 sen which has been proposed, the dividend yield is about 4% based on latest closing price.

Posted by john doe > 2017-11-16 22:04 | Report Abuse

Jaycorp market capital so small and NOSH is only 137 million. If really want to push/drop, it is very easy. Just a matter of holding power. So far, it is still fundamentally good

Posted by shortinvestor77 > 2017-11-19 19:31 | Report Abuse

“Melalui model Project Delivery Partner (Rakan Pelaksana Projek), kerajaan yakin dapat melaksanakan projek ini mengikut jadual dengan Key Performance Indicator (Indeks Petunjuk Prestasi) atau KPI yang telah ditetapkan," kata perdana menteri.

Dengan jarak 1,236km, projek Lebuhraya Pan Borneo Sabah akan menelan belanja RM12.86 bilion dan akan dibiayai sepenuhnya kerajaan persekutuan.

Katanya, sepertimana projek Lebuhraya Pan Borneo di Sarawak, ia juga merupakan lebuh raya yang dibina oleh kerajaan tanpa dikenakan tol.


Read more at https://www.malaysiakini.com/news/402492#ohmeHytCu5XqtHdg.99

Posted by Beza > 2017-11-20 09:39 | Report Abuse

KUALA LUMPUR: Jaycorp Bhd sees Sabah as an ideal starting base for its construction and property development business as the state offers “tremendous potential”.

Executive chairman Tan Sri Abdul Majid Khan told The Edge Financial Daily that the group intends to tender for infrastructure, housing and tourism development projects in the state.

On Nov 4, the rubber wood furniture maker announced its plan to diversify into construction and property development. It will be seeking shareholders’ approval of the plan at an extraordinary general meeting on Dec 14.

“Given the timing of our announcement, it is clear that the next [construction] project roll-out is quite imminent,” said Abdul Majid, who had served as the political secretary to Sabah’s first chief minister, Tun Fuad Stephens. Abdul Majid is also the founder of the Sabah Development Bank and Sabah Bank Bhd.

The Sabah government, he said, “has done a fantastic job attracting tourists” and there is a shortage of hotel rooms and other infrastructure for the tourism industry.

“We see tremendous potential in the construction industry in Sabah,” he said, adding that Jaycorp intends to pursue aggressively to tender for projects like the Pan Borneo Highway and 1Malaysia People’s Housing, as well as projects in the private sector.

Jayacorp put into action its intention to venture into construction in April last year, when it raised its stake in its associate Jaycorp Engineering & Construction Sdn Bhd (JEC) to 60%.

The group said that the move will be “strategic and beneficial” for its expansion. JEC’s operations are managed by chief executive officer Andrew Lau, who has been in the construction business for some 30 years. Lau holds a 30% stake in JEC while the remaining 10% is held by Abdul Majid’s nephew, Abdul Rahman Khan.

JEC subsequently secured two projects — one for the construction of a seven-storey shop-cum-office in Likas, Kota Kinabalu, and the other for the construction of the one-storey gallery and auditorium at Universiti Malaysia Sabah. The total contract sum of these projects amounts to RM29.4 million.

As for Jaycorp’s venture into property development, Abdul Majid said it will kick off when the property market gets stronger, which is expected to take at least two years.

The maiden project is expected to be sited on three parcels of agricultural land measuring a total of 396 acres (160.26ha) in Papar, Sabah. Jaycorp, via its 60%-owned indirect subsidiary Bongawan Solo Sdn Bhd, bought the three parcels for RM19.5 million in 2014.

“The price we bought the land for was about RM50,000 an acre. It is very easy to get a conversion and the premium is a lot,” Abdul Majid said, adding that feasibility studies and layout planning on the land are currently being conducted.

For its new businesses, the group said there is capacity for either debt or equity financing.

“We are not restricted to fundraising. However, we don’t intend to do that as we are more conservative. Even if we have to gear up, we will gear it up to comfortable levels of between one and 1.5,” he said.

Jaycorp anticipates its new business segments to contribute at least 25% of its bottom line in the future, and result in a diversion of more than 25% of the group’s net assets. Its gearing, as of now, stands at 0.1.

In its pursuit of new businesses in construction and property development, Jaycorp is not neglecting its core business of furniture making.

“We are looking at the potential of acquiring additional furniture factories with good management already in place,” said Abdul Majid, adding that the group has received some proposals from interested parties but it has turned them down.

“Our policy for investment is that the partner we look for must be well-known in the industry and the management must know its job. Come the right one, we will say yes,” he said.

Abdul Majid said the decision to expand came after the group noted the huge growth potential for its business in China, especially with the proliferation of e-commerce there.

“China is the biggest growth driver of our furniture business at the moment. When it comes to brand loyalty, the Chinese have a lot less engrained brand mentality compared to the West,” he said.

Currently, all of Jaycorp’s furniture products are catered for exports, transacted in US dollars. The Chinese market accounts for 40% of the group’s furniture division’s top line, followed by the US at just below 30%, with the remaining made up of several countries including Australia and European nations.

Jaycorp’s factories are running at an average utilisation rate of 80%. The group has three plants for its core business — furniture production, two for wood processing, one for carton box packaging, and one for renewable energy.

Posted by Beza > 2017-11-20 09:39 | Report Abuse

The rubberwood furniture maker has no stress from cost or shortage of raw materials such as rubberwood — as it has an option to source supply from its subsidiary operating in Medan, Indonesia, which does pressure treatment and kiln-drying of rubberwood.

For the year ended July 31, 2017 (FY17), Jaycorp posted a net profit of RM24.77 million, up 18% from RM20.98 million in FY16. Revenue rose 8% to RM312.82 million from RM289.46 million. Since its listing in 2002, this is the first time the group surpasses the RM300 million revenue mark.

Jaycorp’s furniture business contributed 66.7% of its FY17 top line, followed by kiln-drying (11.8%), packaging of carton box (9.8%), renewable energy (2.5%), and construction (1.1%), with the remaining from investment holding and others.

As at end-July, the group had deposits, cash and bank balances totalling RM27.66 million.

Posted by Beza > 2017-11-20 09:40 | Report Abuse

http://www.theedgemarkets.com/article/jaycorp-expects-great-potential-sabahs-construction-sector

Posted by kevin008 > 2017-11-20 11:46 | Report Abuse

maybe good news coming ?? hehe

Posted by Patrick13 > 2017-11-21 17:36 | Report Abuse

Final dividend of 6 sen per share ex-date = 19/12 and payment date= 29/12

Posted by Amit Khindriya > 2017-11-21 21:42 | Report Abuse

where is the annual reprt for 2017???

Posted by Patrick13 > 2017-11-22 11:51 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1015208
Annual Report 2017

Posted by shortinvestor77 > 2017-11-22 15:28 | Report Abuse

We expect further growth in the next year as
we continue to expand and diversify our customer base and
improve operational efficiencies. Furthermore, given the recent
unfortunate natural disasters in the USA (e.g. Hurricane Harvey in
August – September 2017), we expect signi cant rebuilding and
reconstruction activities to take place in the affected areas in the
near future and would expect this to result in increased demand
within the Group’s furniture segment


The Group currently has plans to diversify and expand its
existing principal activities (manufacture and sale of furniture)
to include construction and property development and is in the
process of seeking shareholders approval for this. In the previous
financial year, a joint venture company, Jaycorp Engineering
and Construction Sdn Bhd (“JECSB”) was formed to partake in
general construction and civil engineering works. In January 2017,
the Group secured a contract through JECSB (a 60% subsidiary
of Jaycorp Berhad) for the construction of a 7-storey shop-cum-
office in Likas, Kota Kinabalu. Subsequently, JECSB accepted a
Letter of Award for the construction of a
1-storey Azman Hashim
Gallery and Auditorium for University Malaysia Sabah. The
contract sums are RM16.8 million (excluding GST) and RM12.6
million (excluding GST) respectively. Both projects are expected
to be profitable and should contribute positively to the Group’s
results for the year ended 31 July 2018 and onwards.
Given the number of upcoming large infrastructure and construction
projects such as the construction of the Pan-Borneo Highway,
together with a focus on building affordable housing (e.g. PPA1M
and PR1MA), the outlook for the construction industry is extremely
promising. The Group will continue to actively pursue new contracts
and maintain its momentum in securing these.

While we expect to see marked growth in the construction industry
during the next year, the growth of the property development
market may be slower. The Group owns 396 acres of land (“the
Bongawan Land”) in Papar, Sabah. This land has been designated
for integrated tourism development under the Papar District Plan
as provided by the Jabatan Perancang Bandar dan Wilayah Negeri
Sabah. We believe this land has tremendous potential for the
construction and development of resorts, residential development
and other tourism related infrastructure. This is something we
intend to pursue in the near future once the property development
market picks up.

Posted by shortinvestor77 > 2017-11-22 15:41 | Report Abuse

The Group hedges accordingly to minimise exposure to significant fluctuations in the RM to USD exchange rate.

Posted by shortinvestor77 > 2017-11-22 15:48 | Report Abuse

BUSINESS OUTLOOK
Principal activities – manufacture and sale of furniture
Due to a shortage of raw materials (in particular wood) in China,
China reported its first decline in furniture exports in 2016.
The Group’s furniture segment is expected to benefit from a
continued decline in furniture exports from China.
Furthermore, given the recent unfortunate natural disasters in
the USA (e.g. Hurricane Harvey in August - September 2017), an
increase in reconstruction activities is expected in the affected
areas. The Group’s furniture segment is expected to benefit from
this once reconstruction activities begin in earnest.

Posted by john doe > 2017-11-22 17:20 | Report Abuse

Finally... haha. Please keep at above 1.5

Posted by kevin008 > 2017-11-22 23:33 | Report Abuse

https://m.facebook.com/notes/%E8%82%A1%E8%82%A1%E6%95%99/%E4%B8%8D%E7%94%98%E5%AF%82%E5%AF%9E%E7%9A%84%E9%AB%98%E8%82%A1%E6%81%AF%E8%82%A1-jaycorp-part-5/2052486098304778/

Posted by shortinvestor77 > 2017-11-23 00:01 | Report Abuse

http://www.focusmalaysia.my/Mainstream/jaycorp-may-land-pr1ma-housing-job

Posted by john doe > 2017-11-23 08:18 | Report Abuse

"Jaycorp may land PR1MA housing job

Clint Loh | 29 Jul 2016 00:30"

*29 JULY 2016

Posted by shortinvestor77 > 2017-11-23 09:38 | Report Abuse

Yes. All good business takes time to bid.

Posted by shortinvestor77 > 2017-11-23 10:58 | Report Abuse

Executive chairman Tan Sri Abdul Majid Khan told The Edge Financial Daily that the group intends to tender for infrastructure, housing and tourism development projects in the state. The Executive Chairman
Tan Sri, who had served as the political secretary to Sabah’s first chief minister, Tun Fuad Stephens. Abdul Majid is also the founder of the Sabah Development Bank and Sabah Bank Bhd.

The Sabah government, he said, “has done a fantastic job attracting tourists” and there is a shortage of hotel rooms and other infrastructure for the tourism industry.

“We see tremendous potential in the construction industry in Sabah,” he said, adding that Jaycorp intends to pursue aggressively to tender for projects like the Pan Borneo Highway and 1Malaysia People’s Housing, as well as projects in the private sector.

Posted by shortinvestor77 > 2017-11-23 11:11 | Report Abuse

I have no doubt on the huge potential Tan Sri can explore as he has all the networking there in Sabah. He is definitely the right person to get business for JayCorp.

Posted by Zenith_pl > 2017-11-23 12:00 | Report Abuse

Jaycorp fundamentals and performance is steady. As with most fundamental stocks, the potential will be realized over time and not immediate term. DY% is another positive factor.

Posted by shortinvestor77 > 2017-11-23 12:08 | Report Abuse

AGREED. With 11 cents as div per year, RM1.57 share price still can get 7% div annually assuming JayCorp continue to perform minimum like this year 2017. But I think JayCorp is growing and perform much better ahead. First Q result (for financial year 2018) published in mid of Dec 2017 soon will tell all.

Posted by frankco > 2017-11-23 22:01 | Report Abuse

All business segments are making profit, with exception of the property segment on the last quarter result...i would be surprise not to see favourable result in coming quarters in this property when management is keen to expand the business in this line.

Posted by anicca > 2017-11-27 13:20 | Report Abuse

consolidating mode before next surge!... nice dividend >7%, improving earnings, much better than any FD! (but just enter and exit at right price)

Posted by ferwoo > 2017-12-04 17:04 | Report Abuse

calculate rm0.06 as final divd as per today's price (assume rm1.46), the yield is just 4.1%.

Posted by shortinvestor77 > 2017-12-05 23:03 | Report Abuse

JayCorp is able to distribute 10 to 11 cents of dividend annually. So anicca is still right.