Posted by Cockcroach > 2024-09-01 18:05 | Report Abuse

Howardmark. Stop bad-mouthing a good stock. Please move on.

Posted by donald770 > 2024-09-02 06:01 | Report Abuse

Technically it is slow moving but patience will pay off.

Posted by howardmark > 2024-09-02 08:57 | Report Abuse

I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???

Posted by Cockcroach > 2024-09-03 06:10 | Report Abuse

https://theedgemalaysia.com/node/705812
.Edge Weekly

Able Global eyes US market to optimise Mexican factory output

By Liew Jia Teng / The Edge Malaysia

Posted by howardmark > 2024-09-03 08:35 | Report Abuse

I guess you haven't read the quarterly reports of profit/loss of the joint venture.

Posted by Cockcroach > 2024-09-03 09:05 | Report Abuse

Did read. There is no issue

Posted by emc2garylow > 2024-09-03 10:23 | Report Abuse

Someone must be hurt badly by serbak, that's y he think every company is running by conman

Posted by donald770 > 2024-09-03 17:37 | Report Abuse

I read the qr report again n there is no mention of the loss in the Mexican venture.

Posted by observatory > 2024-09-04 16:05 | Report Abuse

In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.

Posted by solaris80 > 2024-09-04 22:06 | Report Abuse

Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.

Posted by observatory > 2024-09-04 23:31 | Report Abuse

Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.

Posted by solaris80 > 2024-09-05 17:16 | Report Abuse

Mexican Peso to USD.

Posted by observatory > 2024-09-05 18:55 | Report Abuse

Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.

Posted by solaris80 > 2024-09-05 19:25 | Report Abuse

You may refer to Public Bank analyst report issued on 29th Aug.

Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.

Posted by observatory > 2024-09-05 21:31 | Report Abuse

Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.

If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.

Have they really turned the corner?

Posted by solaris80 > 2024-09-06 08:43 | Report Abuse

Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.

Posted by howardmark > 2024-09-25 20:28 | Report Abuse

Dead fish remains very dead. 💀☠💩

Posted by emc2garylow > 2024-09-27 17:15 | Report Abuse

Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday

Posted by KPH5328 > 2024-09-27 17:24 | Report Abuse

about 65% export market, import raw mat in USD, impact due to weakening USD should be minimum, anyone can shed some lights?
Expect better performance by JV as Mexico Peso against USD rebounds.

Posted by xiaolongbao > 2024-10-03 17:37 | Report Abuse

wait next result out

Posted by howardmark > 2024-10-10 11:02 | Report Abuse

Everyday drops a bit... Boiling the frogs slowly...when the frogs realise that it's getting too hot, it would be too late to jump out.😂

Posted by howardmark > 2024-10-15 17:33 | Report Abuse

Killing you all slowly slowly

Posted by dawchok > 2024-10-18 11:38 | Report Abuse

The boiling water consists of solid earning each year and good prospects of growth. It is about the investor’s financial capability to stay long enough for the final win with consistent Div yield higher than FD.

Posted by dawchok > 2024-10-18 11:40 | Report Abuse

This counter meets RenYan investment criteria and is one of the main holding of him since N years ago

Posted by Happyman123 > 2 months ago | Report Abuse

is ableglob going to have another Bombastic QR result?

Posted by howardmark > 2 months ago | Report Abuse

keep dreaming 🤧☠💩

Posted by KPH5328 > 2 months ago | Report Abuse

Exporters esp tech jump due to USD strengthening, about 65% revenue of Ableglob is export, no benefit? Current share price weakness due to DT will hike 25% of Mexico goods?
Mex JV reported 1.8mil in Q4 2023, only quarter reported profit in past 1 year.

Posted by dawchok > 1 month ago | Report Abuse

Trump is to impose 25% tariff on products from Canada and Mexico, this will affect sales of AbleGlob Mexico to US. Since this is a quiet counter, I guess there will not be an obvious knee jerk on share price. However I opine this will inevitably affect the growth trajectory of AbleGlob.

Posted by dawchok > 1 month ago | Report Abuse

Relief that AbleGlob released another qtr result with growth again. NP +9.4%. 2 cts div. EPS 5.77cts. Great job, Johortin!!!

Posted by Cockcroach > 1 month ago | Report Abuse

Yes!!! Well done

Posted by spectre007 > 1 month ago | Report Abuse

Another solid quarter

Posted by KPH5328 > 1 month ago | Report Abuse

solid result even incur forex loss of 4.1mil, 0.95mil is unrealized while Mex JV still at loss.
Core profit 21.9mil.

Posted by dawchok > 1 month ago | Report Abuse

Good move. Ganbatte ku da sai !!!

Posted by dawchok > 1 month ago | Report Abuse

Should the new tariff(25%) on Mexico be implemented, we believe the impact on the group's earnings will remain minimal, as we understand that exports to the US from Mexico account for 10-15% of its sales.

Posted by dawchok > 1 month ago | Report Abuse

AGB's Mexico operations continue to post losses due to unrealised forex losses. The keywords are "unrealised forex loss". Yet NP grows by 9.4%.

Posted by dawchok > 1 month ago | Report Abuse

Outperform call with a higher SOTP-based TP of RM2.65,

Posted by howardmark > 1 month ago | Report Abuse

you all keep dreaming...💩💀☠️

Posted by howardmark > 1 month ago | Report Abuse

Dream never come true in this counter. ☠️💀

Posted by kimpeng > 1 month ago | Report Abuse

after a few rounds of buy and sell
now my average price is around rm1.05

Posted by dawchok > 1 month ago | Report Abuse

my average is 1.09, acquired in Feb-May2020.

Posted by howardmark > 1 month ago | Report Abuse

No more steam, all FOMOs kena trapped at high prices yet again. this counter will give you maximum pain for holding its stock. 2.20, not selling, 2.1, 2.0, 1.9... down down down, pain pain and more pain.☠️⚰️🪦

Posted by howardmark > 4 weeks ago | Report Abuse

1.80 then 1.70 then 1.60 coming...

Posted by Cockcroach > 3 weeks ago | Report Abuse

Buy more!

Posted by howardmark > 3 weeks ago | Report Abuse

Cut loss before go Holland ☠

Posted by Cockcroach > 3 weeks ago | Report Abuse

Buy more before it runs

Posted by dawchok > 3 weeks ago | Report Abuse

Thank you Ableglob for bringing in good profit in 2024.

Posted by howardmark > 1 week ago | Report Abuse

heading to Holland slowly....

Posted by solaris80 > 1 week ago | Report Abuse

Able Industrial Park already Launched and will be ready by Q3 2025.

Posted by howardmark > 6 days ago | Report Abuse

Next station 1.80, next next station 1.70☠️💀

Posted by HumbleTraderx > 1 day ago | Report Abuse

Posted by HumbleTraderx > 2024-01-12 00:46 | Report Abuse

1.27 useless counter! Sell!
1.44 useless counter! FOMO! Sell!
1.53 useless counter! Get slaughter! Sell!

At time I wonder is the counter useless or the commenter useless.


Can't believe it's already 1 year since my last post.
From 1.2x, went up 2.0x, now 1.8x, still got same comment in here.

LUL