Posted by Good123 > 2 months ago | Report Abuse

For Long-Term Investors (5+ years)
If you are concentrating on the long term, you can look at weakening consumer demand as an opportunity rather than a problem. The economy will recover eventually, and so will consumer spending. The question is, which companies will bounce back? We would say the most likely candidates are those with very strong brands and a good e-commerce strategy.

Posted by Good123 > 2 months ago | Report Abuse

Cheetah will benefit from trading down e.g. from uniqlo, adidas, puma to cheetah :)

Consumers are “Trading down”, but not all discount options have benefitted
When consumers start to feel the pinch, they often ‘trade down’ - i.e. they start shopping at stores that offer better value. This can benefit discount retailers and other retailers that are perceived to offer better value. The same phenomenon occurs in the restaurant industry with companies like Mcdonalds ( NYSE:MCD ) and Wendy’s ( Nasdaq:WEN ) benefitting at the expense of premium restaurants (many of which are unlisted). It’s also likely that healthy eating becomes less of a concern when budgets are tight.

Posted by Good123 > 2 months ago | Report Abuse

IN a XOX Bhd-led initiative and driven by the initial success of its BLACK Market marketplace where revenue scaled triple digit growth month-on-month (mom) since its launch in December 2020, three companies – Cheetah Holdings Bhd, XOX and Lambo Group Bhd – entered into a tripartite collaboration.


This collaboration is to mirror its earlier success by targeting an immediate launch of a new look, full suite and automated Cheetah Online Store, slated to be launched by next quarter.

With over 1,000 stock-keeping units (SKUs) spanning across four major brand silos and five sub brands, Cheetah is moving to emulate other apparel brands to begin grabbing the online apparel market share, which is expected to hit over RM4.5 bil in 2021.

This is as online shopping for clothes has become increasingly popular while shopping malls and standalone outlets succumb to lower foot traffic and COVID-19 pandemic scares. Furthermore, statistic expects the user penetration to exceed 30% by 2021.

The consortium is targeting an immediate rollout by early second quarter of 2021.

This project will see each of the three companies pool their resources, talents, technology know how and industry expertise to give rise to a collective model with independent revenue streams to counter moves already made by Uniqlo, Zara and Zalora.

Meanwhile, Cheetah aims to remodel and revamp its brands to be more receptive of the current trends, focusing on online business and the dynamic youth market, increasing its revenue per customer by bundling and brand re-imagination.

Posted by Good123 > 2 months ago | Report Abuse

XOX lends its two million strong customer base, extensive dealer network exceeding 20,000 dealers nationwide and also its e-wallet to provide consumers with bundled discounts, transaction benefits and a ready captive audience.

As for Lambo, it will lend its machine learning model, last mile delivery and explore collectively a bulk breaking, inventory management and e-fulfillment silo operation to cater for what would be an anchor client.

“This concerted effort represents a turnkey solution to provide all three companies with an immediate boost to revenue, product and presence,” said CEO of XOX Ng Kok Heng.

“Additional product will lift our average revenue per user (ARPU) significantly, as customers spend more using digital means.”

Ng added that their e-wallet along with their dealer network will be instrumental in escalating this project.

The revamped and new look platform is expected to be launched by April 2021.

In addition, the flow on effect will see Cheetah have immediate access to an excess of two million online customers being exposed to the latest design and trends. –

Posted by Good123 > 2 months ago | Report Abuse

Anak menantu sabri pun berada dalam cheetah:) tunggu harga syernya lompat macam Cheetah:)

Cheetah Holdings Bhd has made its first strides into the upscale clothing market with the launch of Cheetah Exclusive, its first exclusive collection for mens and ladies by renowned designer Datuk Jovian Mandagie. The company, which is known primarily for its flagship Cheetah brand across Malaysia, enters the upscale clothing industry bolstered by its confidence that the Malaysian fashion retail market will continue to grow in 2023 and beyond. (NST)

Posted by Good123 > 2 months ago | Report Abuse

Adik Kenneth vun pun dah bersiap singa dalam cheetah punya syer. Anda? Bila? Hahahaha

AR2022

7 Grace Vun Siaw Nei 19,650,000 4.04

14 CGS-CIMB Nominees (Tempatan) Sdn. Bhd. 7,500,000 1.54
Pledged Securities Account for Grace Vun Siaw Nei (MQ0687)

Posted by Good123 > 2 months ago | Report Abuse

Dah siap :)

Cheetah Apparel
www.cheetah.com.my
Cheetah Apparel | Sports and Casual Wear | Shop Online
Explore our sports and casual collection from a variety of brands. Shop online with Cheetah fashion now! Free Delivery West

Posted by Good123 > 2 months ago | Report Abuse

Dah siap :)

Cheetah Apparel
https://www.cheetah.com.my
Cheetah Apparel | Sports and Casual Wear | Shop Online
Explore our sports and casual collection from a variety of brands. Shop online with Cheetah fashion now! Free Delivery West

Posted by Good123 > 2 months ago | Report Abuse

Bukan hangat2 tahi ayam.. dah buat dah

Cheetah ventures into upscale clothing
6 Oct 2022 — The company, which is known primarily for its flagship Cheetah brand across Malaysia, enters the upscale clothing

Posted by Good123 > 2 months ago | Report Abuse

Profile for Securities of PLC
Instrument Category : Securities of PLC
Instrument Type : Warrants
Description : BONUS ISSUE OF FREE WARRANTS IN CHEETAH HOLDINGS BERHAD
("CHEETAH" OR THE "COMPANY") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2
EXISTING ORDINARY SHARES IN CHEETAH HELD BY THE ENTITLED SHAREHOLDERS OF
CHEETAH AT 5.00 P.M. ON 21 APRIL 2022 ("BONUS ISSUE OF WARRANTS")
Initial Listing Information :
Listing Date : 27/04/2022
Issue Date : 25/04/2022
Issue / Ask Price : Not Applicable
Issue Size in Unit : 243,117,614.0000
Maturity Date : 24/04/2025
Revised Maturity Date :
Name of Guarantor: Not Applicable
Name of Trustee: Not Applicable
Coupon/Profit/Interest/Payment Rate: Not Applicable
Coupon/Profit/Interest/Payment Frequency: Not Applicable
Redemption: Not Applicable
Exercise/Conversion Period : 3.00 Year(s)
Revised Exercise/Conversion Period : Not Applicable
Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.1800
Revised Exercise/ Strike/ Conversion Price :
Exercise/ Conversion Ratio : 1:1
Revised Exercise/ Conversion Ratio :
Mode of Satisfaction of Exercise/Conversion Price : Cash
Settlement Type/ Convertible into : Physical (Shares)
Remarks : Each Warrant carries the entitlement to subscribe for 1 new Share at
an exercise price of RM0.18 at any time during the period commencing from and
including 25 April 2022 (being the date of issuance of the Warrants) to the
close of business at 5.00 p.m. on 24 April 2025 (being the expiry of the tenure
of the Warrants) ("Exercise Period"), subject to any adjustments that may be
made from time to time in accordance with the provisions of the deed poll
constituting the Warrants dated 18 April 2022. Any Warrant not exercised during
the Exercise Period will thereafter lapse and cease to be valid for any purpose
and shall be cancelled and treated to have been cancelled forthwith.If the
maturity date of the Warrants falls on a non-market day, then it will fall on
the preceding market day.This announcement is dated 26 April 2022.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

26/04/2022 07:00 AM

Posted by Good123 > 2 months ago | Report Abuse

Warrant exercise price 18sen, sesiapa mau menguasai cheetah perlu bayar 18sen untuk menukarkan warrant kpd syer biasa

Sabar ya!!!! Harga syer harus melebihi 18sen nanti

Posted by Good123 > 2 months ago | Report Abuse

Cheetah takda dominan shareholder kini

Mereka perlu warrant untuk menguasai/mendominasi cheetah... 18sen untuk warrant menjadi syer biasa... Sabar bro

Posted by Good123 > 2 months ago | Report Abuse

03/11/2021 00:00:00 0.2200 0.0150 500,000 500,000 110,000 110,000 0.2200 0.1306 -
09/02/2021 00:00:00 1.3200 0.4150 33.800m 33.800m 44.616m 44.616m 1.3200 26.4847 -
20/02/2019 00:00:00 0.1450 -0.1450 337,000 674,000 48,865 97,730 0.1450 0.2641 -
20/02/2019 00:00:00 0.1450 -0.1450 337,000 674,000 48,865 97,730 0.1450 0.2641 -
28/12/2017 00:00:00 0.5000 0.0800 3.500m 3.500m 1.750m 1.750m 0.5000 2.7425 -
27/12/2017 00:00:00 0.5000 0.0750 3.000m 5.500m 1.500m 2.750m 0.5000 2.3507 -
27/12/2017 00:00:00 0.5000 0.0750 2.500m 5.500m 1.250m 2.750m 0.5000 1.9589 -

Posted by Good123 > 2 months ago | Report Abuse

nobody controls 50%++.. warrant exercise price 18sen... share price will rise in stages.. current ordinary share price11sen vs warrant exercise price 18sen vs NTA 27sen

Posted by Good123 > 2 months ago | Report Abuse

Historical data:
Market Cap (Previous Close): 53.49 M
Price in MYR (Previous Close): 0.110
Share Volume (Previous Close): 5,000
Price in MYR (Last): 0.110
52 Week Change: -0.0371
90-Day Moving Average: 0.115
52week High: 0.23
52week Low: 0.095
50 Day Moving Average: 0.1157
200 Day Moving Average: 0.1325

Posted by Good123 > 2 months ago | Report Abuse

Time Frame:
Weekly
Download Data
01/18/2022 - 01/18/2023

Date

Price

Open

High

Low

Vol.

Change %
01/15/2023 0.110 0.105 0.110 0.100 405.10K 0.00%
01/08/2023 0.110 0.105 0.115 0.105 1.51M +4.76%
01/01/2023 0.105 0.105 0.110 0.105 2.08M -4.55%
12/25/2022 0.110 0.115 0.115 0.105 1.51M -8.33%
12/18/2022 0.120 0.110 0.125 0.105 3.28M +4.35%
12/11/2022 0.115 0.110 0.115 0.105 2.26M +4.55%
12/04/2022 0.110 0.115 0.115 0.095 15.57M -4.35%
11/27/2022 0.115 0.120 0.120 0.110 2.89M -8.00%
11/20/2022 0.125 0.115 0.130 0.110 2.84M +4.17%
11/13/2022 0.120 0.130 0.130 0.110 3.02M -7.69%
11/06/2022 0.130 0.125 0.135 0.120 4.05M +4.00%
10/30/2022 0.125 0.120 0.130 0.110 4.83M +4.17%
10/23/2022 0.120 0.115 0.120 0.110 607.60K +4.35%
10/16/2022 0.115 0.110 0.120 0.105 2.01M +4.55%
10/09/2022 0.110 0.110 0.115 0.110 481.10K 0.00%
10/02/2022 0.110 0.110 0.115 0.105 1.81M 0.00%
09/25/2022 0.110 0.105 0.110 0.100 2.33M 0.00%
09/18/2022 0.110 0.110 0.110 0.095 5.40M 0.00%
09/11/2022 0.110 0.105 0.110 0.100 1.76M +4.76%
09/04/2022 0.105 0.110 0.110 0.100 2.30M -4.55%
08/28/2022 0.110 0.115 0.115 0.105 1.86M -4.35%
08/21/2022 0.115 0.110 0.120 0.105 1.95M +4.55%
08/14/2022 0.110 0.115 0.120 0.105 2.70M -4.35%
08/07/2022 0.115 0.110 0.120 0.105 4.41M +4.55%
07/31/2022 0.110 0.120 0.120 0.105 5.73M -8.33%
07/24/2022 0.120 0.115 0.125 0.115 3.83M +4.35%
07/17/2022 0.115 0.115 0.125 0.110 3.89M 0.00%
07/10/2022 0.115 0.120 0.130 0.110 11.06M -4.17%
07/03/2022 0.120 0.125 0.140 0.115 15.73M -7.69%
06/26/2022 0.130 0.125 0.145 0.125 16.84M 0.00%
06/19/2022 0.130 0.125 0.130 0.115 3.46M +4.00%
06/12/2022 0.125 0.125 0.125 0.110 7.94M 0.00%
06/05/2022 0.125 0.135 0.135 0.120 9.37M -7.41%
05/29/2022 0.135 0.140 0.145 0.115 18.01M -3.57%
05/22/2022 0.140 0.195 0.205 0.135 52.07M -30.00%
05/15/2022 0.200 0.200 0.200 0.185 28.84M 0.00%
05/08/2022 0.200 0.185 0.215 0.180 58.86M +5.26%
05/01/2022 0.190 0.200 0.205 0.180 25.35M -5.00%
04/24/2022 0.200 0.175 0.215 0.170 118.84M +11.11%
04/17/2022 0.180 0.193 0.216 0.170 64.82M -6.53%
04/10/2022 0.193 0.183 0.197 0.174 50.22M +2.50%
04/03/2022 0.188 0.178 0.197 0.174 50.47M +5.26%
03/27/2022 0.178 0.169 0.178 0.160 32.55M +5.56%
03/20/2022 0.169 0.150 0.188 0.146 79.86M +12.50%
03/13/2022 0.150 0.146 0.160 0.141 20.03M +3.23%
03/06/2022 0.146 0.141 0.150 0.127 40.87M +3.33%
02/27/2022 0.141 0.150 0.155 0.136 39.33M -6.25%
02/20/2022 0.150 0.127 0.155 0.127 79.93M +14.29%
02/13/2022 0.132 0.136 0.150 0.122 54.05M -3.45%
02/06/2022 0.136 0.127 0.136 0.122 19.89M +7.41%
01/30/2022 0.127 0.117 0.132 0.117 2.17M +8.00%
01/23/2022 0.117 0.141 0.141 0.117 12.90M -16.67%
Highest: 0.216 Lowest: 0.095 Difference: 0.121 Average: 0.133 Change %: -21.935

Posted by Good123 > 2 months ago | Report Abuse

ime Frame:
Monthly
Download Data
01/18/2021 - 01/18/2023

Date

Price

Open

High

Low

Vol.

Change %
01/01/2023 0.110 0.105 0.115 0.100 405.10K 0.00%
12/01/2022 0.110 0.115 0.125 0.095 24.17M -4.35%
11/01/2022 0.115 0.110 0.135 0.110 15.47M 0.00%
10/01/2022 0.115 0.110 0.120 0.105 5.54M +4.55%
09/01/2022 0.110 0.110 0.115 0.095 12.52M -4.35%
08/01/2022 0.115 0.120 0.120 0.105 15.92M -4.17%
07/01/2022 0.120 0.135 0.140 0.110 35.07M -11.11%
06/01/2022 0.135 0.130 0.145 0.110 45.29M 0.00%
05/01/2022 0.135 0.200 0.215 0.115 174.90M -32.50%
04/01/2022 0.200 0.164 0.216 0.164 293.35M +21.66%
03/01/2022 0.164 0.150 0.188 0.127 189.59M +9.38%
02/01/2022 0.150 0.122 0.155 0.117 169.48M +23.08%
01/01/2022 0.122 0.103 0.160 0.103 221.92M +18.18%
12/01/2021 0.103 0.103 0.108 0.094 26.45M -4.35%
11/01/2021 0.108 0.202 0.211 0.099 212.08M -47.73%
10/01/2021 0.207 0.348 0.390 0.197 162.31M -41.33%
09/01/2021 0.352 0.607 0.766 0.310 143.75M -42.01%
08/01/2021 0.607 0.557 0.636 0.542 21.50M +7.78%
07/01/2021 0.564 0.595 0.742 0.557 85.62M -6.25%
06/01/2021 0.601 0.501 0.742 0.479 31.81M +19.25%
05/01/2021 0.504 0.542 0.573 0.488 28.75M -8.00%
04/01/2021 0.548 0.871 0.892 0.457 96.04M -37.50%
03/01/2021 0.877 0.460 0.933 0.410 431.41M +94.44%
02/01/2021 0.451 0.312 0.504 0.268 563.04M +42.57%
Highest: 0.933 Lowest: 0.094 Difference: 0.839 Average: 0.276 Change %: -65.219

Posted by Good123 > 2 months ago | Report Abuse

Market Capital (RM)
: 53.49m@11sen sesaham
Number of Share
: 486.24m

Posted by Good123 > 2 months ago | Report Abuse

murah gila :)

NTA (RM)
: 0.270
P/B Ratio
: 0.41

Posted by Good123 > 2 months ago | Report Abuse

CHEETAH Dividend History
Date Financial
Year Ex-Date Entitlement
Date Payment
Date Entitlement Type Dividend
(Cent) Dividend
(%) Details
24 Oct 19 30 Jun 19 12 Dec 19 13 Dec 19 24 Dec 19 Final Dividend 0.4000 0.00 Malaysia Stock - Dividend
17 Oct 18 30 Jun 18 05 Dec 18 07 Dec 18 12 Dec 18 First and Final Dividend 0.4000 0.00 Malaysia Stock - Dividend
30 Oct 17 30 Jun 17 04 Dec 17 06 Dec 17 20 Dec 17 Final Dividend 0.6000 0.00 Malaysia Stock - Dividend
26 Oct 16 30 Jun 16 30 Nov 16 02 Dec 16 21 Dec 16 First and Final Dividend 0.7500 0.00 Malaysia Stock - Dividend
22 Oct 15 30 Jun 15 30 Nov 15 02 Dec 15 16 Dec 15 First and Final Dividend 0.7500 0.00 Malaysia Stock - Dividend
24 Oct 14 30 Jun 14 27 Nov 14 01 Dec 14 12 Dec 14 First and Final Dividend 1.2500 0.00 Malaysia Stock - Dividend
31 Oct 13 30 Jun 13 29 Nov 13 03 Dec 13 23 Dec 13 First and Final Dividend 2.3500 0.00 Malaysia Stock - Dividend

Posted by Good123 > 2 months ago | Report Abuse

kenangan sedikit :)

KUALA LUMPUR (June 30): Chia Kee Foo has resigned as Cheetah Holdings Bhd’s chairman and managing director effective today to pursue his private interests.

In a statement today, the group said Chia founded Cheetah in 1979 and led the group for 42 years.

Victor Lim, currently the chief operating officer of Cheetah Corporation (M) Sdn Bhd, will be redesignated as the chief executive officer of the group going forward, said the clothes retailer.

Shares of Cheetah settled 16 sen or 7.69% lower at RM1.92 today, giving it a market capitalisation of RM245.03 million.

Cheetah’s share price rose sharply on Monday (June 28) and yesterday (Tuesday, June 29), following the group’s announcement on Friday (June 25) of several corporate exercises, including a bonus issue of new shares and warrants.

Posted by Good123 > 2 months ago | Report Abuse

warrant cheetah 2.5sen now. + 18sen = 1 ord share = 20.5sen > current price ~11sen

yg mana satu lebih berbaloi ? haha

Posted by Good123 > 2 months ago | Report Abuse

when cheetah makes money, the existing major shareholders would fight among themselves for controlling cheetah... they would exercise cheetah's warrant at 18sen... or buy existing shares at 11sen now

Posted by nightmare007 > 2 months ago | Report Abuse

@good123 analyisis Record

Mlab - Gagal
Pasukgb - Gagal
Cheetah dan XOX pula?

Posted by Good123 > 2 months ago | Report Abuse

Warrant cheetah expires dalam 27 bulan lagi... Baguslah tunggu mereka fight one another:)

Posted by Good123 > 2 months ago | Report Abuse

jumlah syer 486juta, warrant 243juta........ harga syer semasa~11sen, harga syer melalui warrant = 2.5sen harga semasa warrant + exercise price 18sen = 20.5sen..........

dominant stretegy = beli syer cheetah pada 11sen haha

Posted by Good123 > 2 months ago | Report Abuse

Harga Syer biasa = warrant 2.5sen + 18sen exercise price < harga semasa syer biasa

Grab syer biasa lagi berbaloi

Posted by Good123 > 2 months ago | Report Abuse

Ada lagi? Limit up ka?



CHEETAH - Trading Halt and Resumption of Trading
CHEETAH - Trading Halt and Resumption of Trading
ILC-29112022-00011
Kindly be advised that trading in CHEETAH's securities will be halted with
effect from 9.00 a.m., Tuesday, 29 November 2022. Trading in the Company's
securities will resume with effect from 10.00 a.m., Tuesday, 29 November 2022.
Your attention is drawn to CHEETAH's announcement dated 28 November 2022.
SVP, Issuers
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

29/11/2022 07:00 AM


Ref Code: 202211295100090

Posted by Good123 > 2 months ago | Report Abuse

Share Issued 486.235m tak banyak.... big play soon bagi menguasai cheetah..

Posted by Good123 > 2 months ago | Report Abuse

Agak yakin. Syer cheetah akan dimainkan in a big way anytime...

Adik Kenneth vun pun dah bersiap singa dalam cheetah punya syer. Anda? Bila? Hahahaha

AR2022

7 Grace Vun Siaw Nei 19,650,000 4.04

14 CGS-CIMB Nominees (Tempatan) Sdn. Bhd. 7,500,000 1.54
Pledged Securities Account for Grace Vun Siaw Nei (MQ0687)

Posted by Good123 > 2 months ago | Report Abuse

bertahan ya! bila ia naik, agak liar sedikit haha

03/11/2021 00:00:00 0.2200 0.0150 500,000 500,000 110,000 110,000 0.2200 0.1306 -
09/02/2021 00:00:00 1.3200 0.4150 33.800m 33.800m 44.616m 44.616m 1.3200 26.4847 -
20/02/2019 00:00:00 0.1450 -0.1450 337,000 674,000 48,865 97,730 0.1450 0.2641 -
20/02/2019 00:00:00 0.1450 -0.1450 337,000 674,000 48,865 97,730 0.1450 0.2641 -
28/12/2017 00:00:00 0.5000 0.0800 3.500m 3.500m 1.750m 1.750m 0.5000 2.7425 -
27/12/2017 00:00:00 0.5000 0.0750 3.000m 5.500m 1.500m 2.750m 0.5000 2.3507 -
27/12/2017 00:00:00 0.5000 0.0750 2.500m 5.500m 1.250m 2.750m 0.5000 1.9589 -
27/12/2017 00:00:00 0.5000 0.0750 -2.500m 5.500m -1.250m 2.750m 0.5000 3,363.4556 Cancelled
27/12/2017 00:00:00 0.5000 0.0750 2.500m 5.500m 1.250m 2.750m 0.5000 1.9589 -
14/09/2015 00:00:00 0.2600 -0.1400 4.000m 4.000m 1.040m 1.040m 0.2600 3.1343 -
07/09/2015 00:00:00 0.3400 -0.0600 100,000 100,000 34,000 34,000 0.3400 0.0784 -
29/09/2014 00:00:00 0.5600 -0.0050 160,000 160,000 89,600 89,600 0.5600 0.1254 -
15/04/2010 17:05:07 0.4800 -0.0500 230,000 230,000 110,400 110,400 0.4800 0.1800 Cross Trade
Summary from 15/04/2010 to 09/06/2022
Highest Price 1.3200 First Occurred on 09/02/2021

Posted by Good123 > 2 months ago | Report Abuse

ada guru fungshui disini, cheetah boleh melompat setinggi arnab tak? hahaha

Posted by Good123 > 2 months ago | Report Abuse

uniqlo jepun mungkin mau beli cheetah... bincangkan dahulu haha

Posted by Good123 > 2 months ago | Report Abuse

pelawat2 asing dah mau balik, cheetah jenama malaysia macam uniqlo jenama jepun.... jualan dijangka naik tahun ni

Posted by Good123 > 2 months ago | Report Abuse

sebenarnya, kualiti cheetah lebih kurang sama dengan uniqlo... perlu belajar model biz dari uniqlo... cheetah berpotensi besar

Posted by Good123 > 2 months ago | Report Abuse

orang miskin dimalaysia kian bertambah... downgrading dai jenama mewah kpd jenama sederhana macam cheetah

Posted by TrippleZ > 2 months ago | Report Abuse

No way

Posted by Good123 > 2 months ago | Report Abuse

Q4 2022 profitable.. cotton price has fallen.... Many festivals. Results out next month

Posted by Good123 > 2 months ago | Report Abuse

sudden surge adalah possible... kurang syer dalam pasaran terbuka... check it out

Posted by Heavy987 > 2 months ago | Report Abuse

Jom..

Posted by Good123 > 1 month ago | Report Abuse

Cheetah invested a lot in lambo...koyak teruk


KUALA LUMPUR (Jan 31): Lambo Group Bhd’s external auditor has expressed a disclaimer of opinion in the group’s financial statement due to lack of audit evidence on financials relating to its subsidiary Fujian Accsoft Technology Development Co Ltd.

CAS Malaysia PLT expressed the disclaimer of opinion in Lambo’s financial statement for the 16-month period ended Sept 30, 2022, said Lambo in a bourse filing.

China-based Fujian Accsoft, an indirect wholly-owned subsidiary of Lambo, was in the spotlight in July last year when China’s Ministry of Finance said the company’s audited financial statements for 2016, 2017 and 2018 were falsified and a penalty was imposed on its auditor.

CAS Malaysia said it was not able to gather sufficient appropriate audit evidence to verify Fujian Accsoft’s financials up to the date it was deregistered or wound up in China last May.

“We have tried to communicate with the legal representative of the Fujian Accsoft to request for the management account for current period and prior year. However, there has been no reply from the legal representative of Fujian Accsoft,” said the auditor.

“Furthermore, we have communicated with the prior year component auditor of Fujian Accsoft in regards to this matters. They had informed us that they were not appointed as the current financial period auditor and they were unable to contact the legal representative of Fujian Accsoft,” it added.

CAS Malaysia also said it has not received satisfactory responses from Lambo’s directors.

“As we were unable to obtain sufficient appropriate audit evidence on the findings by China’s Finance Ministry and inability of the management to provide the relevant financial statements of Fujian Accsoft, we therefore do not express an opinion on these financial statements,” it said.

CAS Malaysia noted that with Fujian Accsoft deregistered, Lambo has booked a loss on deregistration of RM3.96 million as at Sept 30, 2022.

However, the auditor said it was not able to ascertain the accuracy, completeness and validity of this amount due to the non-availability of Fujian Accsoft financial statements.

CAS Malaysia also raised a matter relating to Lambo’s other investment as its basis for disclaimer of opinion.

The auditor pointed out that Lambo had acquired 212.96 million shares or a 23.27% stake in a public-listed company.

CAS Malaysia opined that this investment should be recognised as “investment in associates and to be equity accounted in Lambo’s financial statements.

However, Lambo’s directors are of the view that this investment should be classified as “financial instruments”.

“Therefore, we were unable to obtain sufficient appropriate audit evidence to ascertain the classification and measurement of the other investment,” said CAS Malaysia.

Lambo’s largest shareholder is Cheetah Holdings Bhd, with a 21.2% stake, followed by Lambo executive director Koo Kien Yoon with 7.05%.

Apart from Koo, Lambo also has another executive director, Chinese national Zhuang GuoHua, who was appointed in May 2017.

With CAS Malaysia’s disclaimer of opinion on Tuesday, Lambo announced that it is now a Guidance Note 3 company, and it is required to submit a regularisation plan to Bursa Malaysia within 12 months.

Shares of Lambo closed half sen or 9.1% lower at five sen on Tuesday, giving the group a market capitalisation of RM77 million.

Read also:

Lambo says not aware of any wrongdoing in China subsidiary

Lambo reaches out to China's finance ministry, auditors over subsidiary's alleged wrongdoing

China unit is deemed 'cancelled', says Lambo

Posted by Good123 > 1 month ago | Report Abuse

Associated with dishonest companies taik masuk najis keluar

Posted by Good123 > 1 month ago | Report Abuse

Adakah akaun cheetah juga terjejas???

The clothes retailer's stake in Lambo Group previously stood at 18.14% or 279.5 million shares prior to the acquisition, according to its announcement to Bursa Malaysia on Thursday. Following the latest acquisition, Cheetah Holdings now has 302.5 million shares in Lambo Group, in addition to 95.8 million warrants C.13 Jan 2022
https://www.theedgemarkets.com › ...
Cheetah Holdings ups stake in Lambo Group to 19.64% - The Edge Markets

Posted by M55555 > 1 month ago | Report Abuse

ini macam besok Cheetah target price berapa jatuh?

Posted by Good123 > 1 month ago | Report Abuse

Cheetah pun dah mau jadi kucing dah


KUALA LUMPUR: Lambo Group Bhd has triggered the criteria pursuant to Rule 2.1(f) of Guidance Note No. 3 (GN3) of the ACE Market Listing Requirements of Bursa Securities.

“Bursa Securities would like to emphasise that it will continue to monitor the progress of Lambo in respect of its compliance with the Main Market Listing Requirements,” Bursa Malaysia said in a statement.

As at Feb 2, there are a total of 28 companies under PN17 and GN3 which represent 2.94% of the total number of 951 companies listed on the Main and ACE Markets of Bursa Securities.

Posted by TCH1186 > 2 weeks ago | Report Abuse

idk what this rubbish con do..

Posted by Good123 > 2 weeks ago | Report Abuse

BERWASPADA

SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022

Penny stock crash mastermind John Soh sentenced to 36 ...

The Edge Markets
https://www.theedgemarkets.com › node
About featured snippets
•
Feedback

Penny stock crash mastermind Soh Chee Wen jailed 36 years

Posted by Good123 > 2 weeks ago | Report Abuse

https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/

Posted by Good123 > 2 weeks ago | Report Abuse

Who is next?

"Datuk Roy" continues to be remanded to assist MACC investigations relating to Jana Wibawa.

Posted by TCH1186 > 1 week ago | Report Abuse

looking good.. just wait for the entry