Posted by WanUtama2015 > 2019-01-25 17:11 | Report Abuse

dead company dead counter. spare your money, time & energy. & put it somewhere else

Posted by commonsense > 2019-02-07 13:26 | Report Abuse

The company’s result for the period of Aug to Oct 18 just show how dire the state of its financials. The company only managed to book in a revenue of RM800k for the period which resulted in a loss of almost RM1mil. Given the cash balance of only RM25k, I doubt the company has any ability to take on any new projects at the moment. Even if it managed to take on some projects, I seriously doubt that they can deliver any meaningful profit from it.

The company is planning to raise a total of RM1.5mil via a private placement of which all will be used for working capital purpose. I am just not sure that is enough to bring back the company on its feet and start delivering some profit to its shareholders.

Looking at the balance sheet, the biggest amount of assets are actually under the “Investment in JV”, “amount owed by contract customers” and “trade and other receivables” (combined total of RM51.2 mil or 87% of the asset value). All of these assets were previously highlighted by LFE’s external auditors. They have doubts on the value of the said assets. Any potential write-down/ write-off of these assets value could have a potential risk of putting LFE under the PN17 status.

If you are looking to diversify your portfolio outside of LFE Corp (due to its weak earnings outlook and very weak balance sheet), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.2x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by WanUtama2015 > 2019-03-19 16:37 | Report Abuse

First, topping up fund via private placement, then losing money.
Then 2nd, topping up fund again via private placement, then losing money again.
Then 3rd, keep on topping up fund again via private placement, then keep on losing money again.
Then 4th, repeat & repeat.
Then 5th, again & again.
Then 6th, repeat again & repeat again like driving Nissan Infinity, is infinity.......

Posted by john doe > 2019-03-21 08:45 | Report Abuse

Waiting a company to RTO so that it can be revived.The current management really got problems. lol...

Posted by Sanatan > 2019-03-21 09:20 | Report Abuse

The business profile of this Company looks impressive, the current Mgt is not doing enough to move in the right direction.

Posted by Sanatan > 2019-03-21 15:09 | Report Abuse

Finally LFE got some job to do....

LFE CORPORATION BERHAD (“LFE” or “the Company”) LETTER OF AWARD TO LFE ENGINEERING SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF LFE BY MME REALTY & MANAGEMENT SDN. BHD.

1. Introduction

The Board of Directors’ of LFE is pleased to announce that LFE Engineering Sdn. Bhd., the wholly-owned subsidiary of the Company was appointed by MME Realty & Management Sdn. Bhd. (Company No. 226414-T) (In Liquidation) to construct and complete a mixed residential development project known as “Taman Kemang Tiruk” on 121 parcels of land located in Mukim Serada, District of Kuala Terengganu, State of Terengganu (“the Contract”) for a period of thirty-six (36) months.

Posted by Sanatan > 2019-03-21 15:14 | Report Abuse

LFE has bagged a RM16.24mil contract to build a mixed residential development project in Mukim Serada, Kuala Terengganu, Terengganu.

Posted by Sanatan > 2019-04-03 11:00 | Report Abuse

Yesterday woke up for a while, today back to sleep..

Posted by john doe > 2019-04-09 15:06 | Report Abuse

High volume but no price movement. Dead lock

Posted by Sanatan > 2019-04-25 00:05 | Report Abuse

Will LFE benefit from the ECRL project ?

Posted by Sanatan > 2019-04-28 22:24 | Report Abuse

LFE received another 2 more Letter of Award:

1.From Innoseven Sdn. Bhd., as the sub-contractor for a period of 24 months for the supply of labour, equipment, tools, plant and machineries for the proper completion of the extension to a hospital in Segamat, Johor (RM35,000,000-00).

2.From Seri Jaya Perkasa Sdn. Bhd., as the sub-contractor for a period of 14 months for the supply of labour, equipment, tools, plant and machineries for the proper completion of “Sekolah berasrama penuh baharu mengandungi 25 bilik darjah, dewan makan, dewan serbaguna di Negeri Johor) (SM Sains Segamat)” (RM15,200,000-00).

Posted by Sanatan > 2019-04-29 09:14 | Report Abuse

Uptrend, LFE will be able to secure more projects.

Posted by john doe > 2019-04-29 09:56 | Report Abuse

Hopefully, its financial status is actually very healthy. Only problem is depleted orderbooks previously. Suddenly, 3 projects continuously. Finally, change in managements??

Posted by Sanatan > 2019-04-29 10:38 | Report Abuse

Looks like LFE aggressively going for projects, 3 in a short period. With ECRL coming there is a good chance they can land more projects.

Posted by cikgumalaysiatakblur > 2019-04-29 15:50 | Report Abuse

experience from the past yew years, the price can not stay.

Posted by WanUtama2015 > 2019-05-30 15:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6148549

see the Page 016 of the annual report above. The remuneration kills the profit of the little yearly revenue. seeing is believing.

Posted by Sanatan > 2019-06-10 22:27 | Report Abuse

Anyone attended the AGM, all resolutions to keep the old guards passed with 100% agreement.

Posted by cikgumalaysiatakblur > 2019-06-19 13:37 | Report Abuse

of course 100% agreed to keep the old guards, see the Page 016 of the annual report as mentioned by WanUtama2015 above, good income good life with little project works to do. Kesian all the retail shareholders.

Posted by cikgumalaysiatakblur > 2019-06-19 13:39 | Report Abuse

by the way, you may notice many generals with little solders in the organization. semua post besar-besar, gaji besar-besar, siapa yang buat kerja, aiyo hai?

Posted by Sanatan > 2019-06-24 11:01 | Report Abuse

Now with the AGM over, the generals must work hard/smart to boost the investors interest.

Posted by Sanatan > 2019-07-24 09:21 | Report Abuse

Good movement yesterday, hope same today. Slow but steady.

Posted by Sanatan > 2019-08-09 10:07 | Report Abuse

In hibernation phase again. When can we see movt again ?

Posted by john doe > 2019-08-13 09:44 | Report Abuse

There will be movement if there is reversed take over or the management is really rajin kerja

Posted by Sanatan > 2019-10-29 09:15 | Report Abuse

What's happening ? Some have disposed their shares and ceased to be substantial shareholders. Who is buying up these shares ?

Posted by Goodlucktoyou > 2019-10-29 12:04 | Report Abuse

wait for the fly soon..someone might take over the company. stayed tune.

Posted by Sanatan > 2019-10-31 09:08 | Report Abuse

finally flying today...

Posted by john doe > 2019-10-31 11:43 | Report Abuse

Wow... apa macam? Join mudajaya?? haha...

Posted by john doe > 2019-10-31 14:42 | Report Abuse

Who are Goh Chee Hoe (27 yo) and Tng Ling Ling (35 yo)?? 27 years old appointed as executive director. Bapak kaya punya anak ni...

Posted by Sanatan > 2019-11-05 16:11 | Report Abuse

2 mths ago Shapadu chairman, Shafiz Shahrani, exited the Board. Today Shapadu dispose 29 mill shares. Who is buying up the shares ?

Posted by Goodlucktoyou > 2019-11-05 16:57 | Report Abuse

wait for the fly...

Posted by john doe > 2019-12-02 12:34 | Report Abuse

Looking forward the contracts to be injected into the company

Posted by john doe > 2019-12-06 07:28 | Report Abuse

Finally, first contract(s) came in:

"KUALA LUMPUR (Dec 5): LFE Corp Bhd has secured four contracts with a combined value of RM34.5 million to provide electrical, fire protection, and hydraulic services for a service apartment project in Damansara, Selangor."

Posted by Moneyfoo > 2019-12-06 09:15 | Report Abuse

Waiting so many many year....finally fly....

Posted by john doe > 2019-12-06 09:30 | Report Abuse

Minimum should be 0.30... Trump card is yet to be disclosed

Posted by Goodlucktoyou > 2019-12-06 11:03 | Report Abuse

target at 0.50

Posted by factslim1 > 2019-12-06 13:32 | Report Abuse

LFE Corp Bhd has secured four contracts with a combined value of RM34.5 million to provide electrical, fire protection, and hydraulic services for a service apartment project in Damansara, Selangor.

In its filing with Bursa Malaysia today LFE said the contract tenure spans 26 months from Sept 23, 2019 to Nov 22, 2021.

LFE said the electrical air-conditioning, mechanical and ventilation (ACMV) services portion is worth RM2.99 million, while the fire protection services are worth RM5.8 million, hydraulic services are worth RM8.47 million, and the electrical high tension (HT), low voltage (LV) and extra low voltage (ELV) services are worth RM17.25 million.

Posted by Flyingout > 2019-12-07 00:20 | Report Abuse

Monday blue???

Posted by john doe > 2019-12-09 08:47 | Report Abuse

hahaha...

Posted by john doe > 2019-12-10 22:26 | Report Abuse

"（吉隆坡10日讯）隆发（LFE Corp Bhd）赢得一项总值1910万令吉的合约，承接白沙罗服务式公寓停车场与裙楼的结构工程。"

Fuiyo... More and more cards being revealed! SHIANGLY... SHIANGLY ...

Posted by wiaxx123 > 2019-12-11 08:59 | Report Abuse

limit up

Posted by Goodlucktoyou > 2019-12-11 09:30 | Report Abuse

be patient and you will see 0.50 soon..

Posted by hohoho123 > 2019-12-11 12:11 | Report Abuse

habis goreng?

Posted by newinvester97 > 2019-12-12 01:44 | Report Abuse

倒了

Posted by Goodlucktoyou > 2019-12-17 17:28 | Report Abuse

stayed tune..hopefully is this week..

Posted by Othman_Trader > 2019-12-17 17:40 | Report Abuse

Rubbish bcoz no volume

Posted by john doe > 2019-12-27 11:36 | Report Abuse

Goreng...

Posted by Beginner123 > 2019-12-28 19:38 | Report Abuse

Buy interest is so much higher than sell interest for last 2 days, duno what is the news behind..

Posted by beginner165 > 2020-01-01 01:02 | Report Abuse

50cent is not a dream.. 2020 Q1 will go beyond 30cent..

Posted by Wawai Samah > 2020-01-03 16:31 | Report Abuse

Buy vol increase..but the price drop...hmmmm...

Posted by Beginner123 > 2020-01-08 16:04 | Report Abuse

Gudang sales now?