Posted by paksaham > 2019-09-23 20:42 | Report Abuse

JADI (JADI IMAGING) 23 Sept

We are attracted to Jadi with its recent issuance of 10% new shares at NTA of 13 Sen per share when it’s share price was hovering around 5 to 6 Sen (brief info below) and visited the management for discussion and business update.

The strategic initiative taken to tie up with Ninestar (its major customer in China) could augur well for its return to profitability given the 3 years supply agreement for colour toner where Jadi has to incur capex of about RM14 mil to expand it facilities for this “ new contracted sales”. The fund raised from subscription share would be used in the expansion of new facilities. Contribution of profit with this new commercial arrangement would be seen in FY March 2021.

Jadi is seeing its sales to China for FY 2020 increasing and most of the sales go to Ninestar group of companies. Currently Jadi export more than 50% of its revenue to China and Ninestar is its major customer.

We have also been wondering, is this an initial step to a takeover of Jadi by Ninestar of China. Time will tell given “Ninestar has first right of refusal to buy current major shareholder shares if they want to sell”. There must be certain intrinsic value and fundamental in Jadi for Ninestar to pay a premium over market price.

What is in it for Ninestar? Jadi has certain advance technology in manufacturing in color toner and its production of compound raw material for manufacturing toner which Ninestar is seeking to collaborate. Jadi is also Ninestar strategic supplier to its group of companies,

We are inclined to believe Ninestar could be using Jadi to export Nine Star products to US in due course to avoid tariff imposed though denied by the management guidance.

This special subscription of shares also come with a supply agreement that encompasses the following key areas:
• Committed buying 2,500 mt of colour toners formulated and manufactured by Jadi for a period of 3 years commencing April 2020.
• Supply opportunities of conventional toners formulated and manufactured by Jadi for Ninestar and its subsidiaries including SCC.

Posted by keuin > 2019-10-04 16:17 | Report Abuse

cash flow 5.79mil , zero debt.

Posted by LightOfTheWorld > 2019-10-08 15:46 | Report Abuse

Are you sure Kirim. You post and delete..u macam the udang di sebalik batu...kikikiki

Posted by lim1818 > 2019-10-12 20:19 | Report Abuse

CWG HOLDINGS BERHAD

Date of change 28 Aug 2019
Name MR OOI CHIN SOON
Age 56
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Executive Director
New Position Executive Deputy Chairman
Directorate Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Diploma
Banking and Finance
AIB, United Kingdom

Working experience and occupation Mr Ooi began his career in the banking industry before joining a multi-national company in Singapore. Upon his return to Malaysia, he established the first digital inkjet manufacturing company and has since expanded to Indonesia through partnership.

His professional experience encompassed finance and corporate functions, business development and manufacturing operations. He owns several private companies which are involved in property, manufacturing and investment holding.

Presently, he is the Managing Director of Ninestar Image (Malaysia) Sdn. Bhd., a joint venture company with Zhuhai APEX Technology Co., Ltd, the largest digital imaging company in the world and a strategy partner of Legend Capital China.
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries 1) Direct interest - 28,527,500 ordinary shares (22.59%)
2) Indirect interest - Nil



Announcement Info
Company Name CWG HOLDINGS BERHAD
Stock Name CWG
Date Announced 28 Aug 2019
Category Change in Boardroom
Reference Number C03-27082019-00022

Posted by lim1818 > 2019-10-12 20:23 | Report Abuse

something brewing at Ninestar, Jadi & Cwg?

Posted by birkincollector > 2019-10-14 09:59 | Report Abuse

good article about JADI by The Edge over the weekend

Posted by john doe > 2019-10-14 14:37 | Report Abuse

Big volume today but no movement... Fingers crossed

Posted by cheer76 > 2019-10-14 21:45 | Report Abuse

out the news in theedge

Posted by cheer76 > 2019-10-15 21:56 | Report Abuse

what kind of approval

Posted by BILLC > 2019-10-16 02:13 |

Post removed.Why?

Posted by cheer76 > 2019-10-16 23:01 | Report Abuse

u know the "somebody" ?

Posted by LightOfTheWorld > 2019-10-18 13:19 | Report Abuse

Kirim you should tell the "somebody" to open the gate..shark is not going to read post here...

Posted by LightOfTheWorld > 2019-10-18 15:24 | Report Abuse

I cant, because i bring curse, wherever i go, the stock will sink..kikikiki......

Posted by john doe > 2019-10-23 17:52 | Report Abuse

https://www.theedgemarkets.com/article/jadi-imaging-out-make-new-mark

“To me, if we can deliver the results in the coming years, I believe our shares will be valued properly at about 18 to 20 times. If they are not, that means the market does not appreciate our stock, and it may not make sense for us to remain listed anymore. Don’t get me wrong, I am not saying that we plan to privatise the company. But we have to remain open to all options,”...

Phewit!!

Posted by cheer76 > 2019-10-24 14:03 | Report Abuse

He adds that Ninestar’s consumption of conventional toners is about 8,000mt yearly while Jadi’s conventional toner total capacity is 6,000mt per year.

Posted by cheer76 > 2019-10-24 14:04 | Report Abuse

Shenzhen-listed Ninestar, which has a market capitalisation of 30.9 billion yuan, is a global printing giant that owns Lexmark, a globally-renowned printer brand, as well as Pantum, a top printer brand in China.

Posted by birkincollector > 2019-10-25 10:48 | Report Abuse

gogo....big party bought 0.130 why still wait

Posted by john doe > 2019-10-25 11:24 | Report Abuse

Again, huge volume but no price movement...

Posted by aris743 > 2019-10-25 11:41 | Report Abuse

7.5c to 10c. not big deal

Posted by aikinlai > 2019-10-25 14:44 | Report Abuse

Koyak....throwing down

Posted by birkincollector > 2019-10-25 20:03 | Report Abuse

where got koyak.....hehehe

Posted by Peter2357 > 2019-10-25 21:03 | Report Abuse

today not bad....moving towards private placement price of 13cts to Ninestar

Posted by Peter2357 > 2019-10-26 20:56 | Report Abuse

Nine star can now start picking moping Jadi at a much discount price in the open market

Posted by aris743 > 2019-10-28 09:30 | Report Abuse

jadi jadi jadi apa

Posted by aris743 > 2019-10-28 21:05 | Report Abuse

7.5c best price

Posted by Peter2357 > 2019-11-02 21:45 | Report Abuse

going to the next level...similar as Mudajaya ...new shareholder buy at double the listed price

Posted by cheer76 > 2019-11-07 08:54 | Report Abuse

coming Qtr still may not be good... after this Qtr,. things may change

Posted by Peter2357 > 2019-11-10 19:23 | Report Abuse

haiyoh...
1) NTA 13cts
2)almost Nil borrowings
3)cash rm14M.
4) net working capital- 6 times
5) net profit for yr ended 31March 2019-RM453K
6) owns 2 industrial properties ,
Klang (6acres)
Hicom Glenmarie Ind Park (1 acres)
both book values below present market
value
7)Listed Mega First Corporation Berhad holds 4.35 % shares

My opinion is that Listed Ninestar knew it is undervalued n has good growth prospect and thats the reason it purchased Jadi at 13cts well above its market price.

So its up to long term investors to make a decision before its too late

Posted by BILLC > 2019-11-11 15:53 |

Post removed.Why?

Posted by 5566max > 2019-11-11 22:13 | Report Abuse

likely Mega first disposal share in the market

Posted by DarKLoRD888999 > 2019-11-12 14:11 | Report Abuse

i joined at 0.06 XD gogogo Jadi
Jadi GOD

Posted by 5566max > 2019-11-14 23:28 | Report Abuse

Kirim Gone,Jadi will Fly?

Posted by Cindy > 2019-11-18 09:25 | Report Abuse

ZHUHAI HENGXINFENGYE TECHNOLOGY CO., LTD Acquired 94,170,040 shares

Posted by cheer76 > 2019-11-21 05:55 | Report Abuse

3. Bad coming Q n turn up share price after this ?

Posted by Peter2357 > 2019-11-23 22:22 | Report Abuse

Set JADI’s target price at 13sen based on private placement price of 10% shares at 13sen taken up by NINESTAR recently this year.

Posted by cheer76 > 2019-11-26 21:21 | Report Abuse

drop.. I foresee bad Q

Posted by NIWV > 2019-12-04 10:00 | Report Abuse

Weird

Posted by cheer76 > 2019-12-29 03:59 | Report Abuse

,2020 bull

Posted by Johnwick3709 > 2020-01-24 14:15 | Report Abuse

Can anyone explain why this counter has no significant increase, considering the China company have bought this share @0.13..they even own Lexmark.. Lexmark is a very good company. Even the company that I'm working with is using Lexmark printer.

Posted by tumbler > 2020-01-24 15:38 | Report Abuse

Sunset business. Jadi if want to turnaround should change to other business. But the BOD of JADI all rubbish and no brain to think , so only can depend on donation of ikan bilis feed their salary.

Posted by ATARAH > 2020-04-14 16:16 | Report Abuse

Jadi...apa akan jadi ?
April 2020 start supply to Ninestar a public listed company in Shenzen who own Jadi 9.09%
Next qtr result ...should pick up.
So Apa akan jadi? Jadi GIANT ...when COVID over.

Posted by ATARAH > 2020-04-14 16:21 | Report Abuse

The diamond in Jadi ..chemical toner formulated manufactured by JADI. China toner supplier no chemical toner.

Posted by ATARAH > 2020-04-14 16:54 | Report Abuse

Jadi the only listed toner company in Bursa

Posted by cheer76 > 2020-04-25 20:05 | Report Abuse

lockdown in canada. hard to send

Posted by cheer76 > 2020-04-25 20:05 | Report Abuse

convert machine to chemical

Posted by i3lurker > 2020-04-25 20:24 | Report Abuse

when Jadi was listed,
Jadi toners was selling for RM150.00 per unit
today Jadi toners are selling for RM19.00 per unit

dun kid yourself
dun lie to yourself

RM150 ====> RM19

its all estatements no more papers.

3.5 sen per share is a fair price.

cash inside the company has no meaning, it aint everything

if you want to invest in cash like Philip, just put money into FD.

Posted by cheer76 > 2020-06-08 11:31 | Report Abuse

MCO or lock down in some countries,does it helps especially students print out homeworker themselves and do it at home ?

Posted by Kirim > 2020-06-10 14:29 | Report Abuse

It is too long for JADI & Management taking rest. Work should resume,......

Posted by thesteward > 2020-06-23 21:33 | Report Abuse

Can start nimbling

Posted by thesteward > 2020-06-24 11:00 | Report Abuse

Jadi gogogo