Posted by sapurakencana > 2018-03-02 09:33 | Report Abuse

Another main reason is the reversal of RM3.01 million that was
recognised in the first quarter of the current year as gain on disposal of machinery. The equipment supplier
decided that they do not need the equipment and instead of a trade-in, they gave us a discount of RM3.01
million.
This also another un acceptable reason-did company engage unqualify engineer to make the wrong dicision to purchase the wrong machinery,until the company need to back charge under this quarter.
Doubtful debt appear 2 time in current financial year.
If this 2 issue continue happen,is unfair to the long term investor.
Management ,pls do the necessary step (SOP) to protect the shareholder interest.
Pls dont be silent,pls show the result to convience us.
28/02/2018 20:41

Posted by sapurakencana > 2018-03-02 09:37 | Report Abuse

please repeated highlight the same issue ,so that may be managment wil notice one day.

Profit decreased by RM4.14 million from RM3.8 million in the previous quarter as compared to the current
quarter’s loss before tax of RM0.34 million, mainly due to higher material and operating costs in the current quarter under review

-From the above statement, i agree there is a possibility of high material cost for the quarter under review.
But why operating cost also increase when revenue decrease / production decrease . From my understanding " for example if company engage 100 people for production line,monthly cost for manpower should be fixed .Electrical & water incurred in production should be reduce when production decrease.
Anybody who know this issue please highlight.

If no answer given,i wil treat this as a wastage in production.This is bad practice in manufacturing line.
28/02/2018 21:02

Posted by cyeec2000 > 2018-03-02 09:39 | Report Abuse

Maybe is foreign labour issue, now many industry has been hit with shortage foreign loabour which cause the cost increased.

Posted by sapurakencana > 2018-03-02 10:06 | Report Abuse

cyeec2000,-most of the production line in tin manufacturer & milk powder are automated,so i dont think this is the valid issue for profit drop.

Posted by amzarb44 > 2018-03-02 10:26 | Report Abuse

i also in the midst to rethink about my investment in johotin.......hmm......

Posted by amzarb44 > 2018-03-02 10:28 | Report Abuse

not sure shud wait until next q or not

Posted by sapurakencana > 2018-03-02 10:35 | Report Abuse

if you think management wont change their mind,i suggest you sell now before to late.

Posted by amzarb44 > 2018-03-02 10:47 | Report Abuse

how do i know management mind?

Posted by amzarb44 > 2018-03-02 10:48 | Report Abuse

i wish know

Posted by sapurakencana > 2018-03-02 10:52 | Report Abuse

we already share so much,if management stil not willing to clarify/promote themself,then you know what to do.

Posted by cyeec2000 > 2018-03-02 10:55 | Report Abuse

Maybe just query them in agm?

Posted by amzarb44 > 2018-03-02 10:57 | Report Abuse

i wait for green to sell

Posted by amzarb44 > 2018-03-02 10:58 | Report Abuse

sapura, what medium they wanna clarify? media statement?

Posted by miker > 2018-03-02 11:12 | Report Abuse

...Trump said his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. It was not immediately clear whether Trump would exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting U.S. allies.....

http://money.cnn.com/2018/03/01/investing/dow-jones-trump-tariffs/index.html

Posted by sapurakencana > 2018-03-02 11:16 | Report Abuse

amzar , they can share here because here is the most popular station where everybody can read or hear

Posted by sapurakencana > 2018-03-02 11:18 | Report Abuse

amzarb44 : i wait for green to sell
02/03/2018 10:57

amzarb44 ,how to wait turn green,you see all red.

Posted by amzarb44 > 2018-03-02 15:18 | Report Abuse

still can declare dividend.........why so worried?

Posted by desmondcsh > 2018-03-02 15:30 | Report Abuse

Some fund is distributing. Just becareful. It goes below rm1 anytime.

Posted by sapurakencana > 2018-03-02 15:42 | Report Abuse

dividend 1 cent only RM10,but if for those buy at RM1.30 already loss RM230 per share

Posted by sapurakencana > 2018-03-02 15:42 | Report Abuse

dividend 1 cent only RM10,but if for those buy at RM1.30 already loss RM230 per share

Posted by amzarb44 > 2018-03-02 15:49 | Report Abuse

how do you know distributing desmondcsh?

Posted by amzarb44 > 2018-03-02 15:50 | Report Abuse

please clarify how you know distributing desmondcsh

Posted by amzarb44 > 2018-03-02 16:16 | Report Abuse

sapura, you only bought little

Posted by sapurakencana > 2018-03-02 18:14 | Report Abuse

see all the big shark came out to hantam the injured fish,they are the 1 always become winner

Posted by amzarb44 > 2018-03-03 01:32 | Report Abuse

I saw director accumulating.....

Posted by keyin > 2018-03-04 09:12 | Report Abuse

Saw also useless, this company Holland jor

Posted by mikeann > 2018-03-04 21:38 | Report Abuse

Stock grossly oversold. Rebound imminent. First resistance at 1.18

Posted by amzarb44 > 2018-03-04 23:14 | Report Abuse

I foresee it has a good business....just the management has to ensure that the operation is efficient....im will sell some to diversify to other stock

Posted by sapurakencana > 2018-03-05 09:41 | Report Abuse

please repeated highlight the same issue ,so that may be managment wil notice one day.

Another main reason is the reversal of RM3.01 million that was
recognised in the first quarter of the current year as gain on disposal of machinery. The equipment supplier
decided that they do not need the equipment and instead of a trade-in, they gave us a discount of RM3.01
million.
This also another un acceptable reason-did company engage unqualify engineer to make the wrong dicision to purchase the wrong machinery,until the company need to back charge under this quarter.
Doubtful debt appear 2 time in current financial year.
If this 2 issue continue happen,is unfair to the long term investor.
Management ,pls do the necessary step (SOP) to protect the shareholder interest.
Pls dont be silent,pls show the result to convience us.
28/02/2018 20:41
02/03/2018 09:33

Posted by sapurakencana > 2018-03-05 09:44 | Report Abuse

please repeated highlight the same issue ,so that may be managment wil notice one day. I wrote this statement to prevent management repeat the same mistake /no excuse for the same mistake.

Profit decreased by RM4.14 million from RM3.8 million in the previous quarter as compared to the current
quarter’s loss before tax of RM0.34 million, mainly due to higher material and operating costs in the current quarter under review

-From the above statement, i agree there is a possibility of high material cost for the quarter under review.
But why operating cost also increase when revenue decrease / production decrease . From my understanding " for example if company engage 100 people for production line,monthly cost for manpower should be fixed .Electrical & water incurred in production should be reduce when production decrease.
Anybody who know this issue please highlight.

If no answer given,i wil treat this as a wastage in production.This is bad practice in manufacturing line.


28/02/2018 21:02
02/03/2018 09:37

Posted by amzarb44 > 2018-03-05 11:14 | Report Abuse

Luckyg please come

Posted by LuckyG > 2018-03-05 12:54 | Report Abuse

come what ?

Posted by amzarb44 > 2018-03-05 12:56 | Report Abuse

Come and give your usual facts as before

Posted by CharlesT > 2018-03-05 13:05 | Report Abuse

Phase by phase...as mkt is likely to stay bearish for few months i think

Posted by sapurakencana > 2018-03-05 14:15 | Report Abuse

CY1214

In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55

Posted by amzarb44 > 2018-03-05 15:30 | Report Abuse

Luckyg please explain to sapurakencana...I also wanna know

Posted by amzarb44 > 2018-03-05 18:57 | Report Abuse

Luckyg really need you now

Posted by LuckyG > 2018-03-05 19:14 | Report Abuse

why ? just let them dump . if not how to collect cheap

Posted by amzarb44 > 2018-03-05 20:07 | Report Abuse

I mean their questions raised bout the new subsidiary not contribute profits....huhu

Posted by LuckyG > 2018-03-05 21:25 | Report Abuse

general meeting soon . can ask management when AGM

Posted by amzarb44 > 2018-03-05 21:31 | Report Abuse

When their AGM? Raised questions bout this....n also ask why director no support the share price

Posted by xanavi > 2018-03-06 00:14 | Report Abuse

Can someone here please advise why the mgmt said that the raw material price is high for f&b segment whereas sugar price already down significantly over the past few months...Can we consider to use international sugar price for benchmark for our domestic sugar price?

Posted by amzarb44 > 2018-03-06 10:14 | Report Abuse

Huhu........next QR shud 16 millions profits.....

Posted by sapurakencana > 2018-03-06 10:47 | Report Abuse

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15

Posted by amzarb44 > 2018-03-06 11:19 | Report Abuse

Salura, you might ask management in this coming AGM

Posted by sapurakencana > 2018-03-06 12:20 | Report Abuse

let them reply us at this forum,i have no time to attend AGM.Is their resposibility to give us a reasonable answers/ return when we put 100% our faith on their management.

Posted by amzarb44 > 2018-03-06 14:53 | Report Abuse

Luckyg might know the answer

Posted by amzarb44 > 2018-03-06 19:07 | Report Abuse

Luckyg you still hold johotin?

Posted by LuckyG > 2018-03-06 21:07 | Report Abuse

yup .

Posted by amzarb44 > 2018-03-06 21:18 | Report Abuse

What's your justification that next qr result shud be great?