dato ng's own construction company still waiting the award from IJM on WCE project as well the Kelantan jobs. Any way this is the 2nd or 3rd round chance to accumulate this counter before its 3rd quarter release before CNY. Hope it still show a improved profit
expecting more write off of provision at no cost to 'clean' the company. Short term (at least 2 quarter) still not show good financial result but expecting it shall be show significant improvement after this.
abcd ,of course the new management can doing better than previous management.At least they manage to cut the leakage of buying 'expensive' material from related party as last time. Previous management no doubt has possess skill in aluminium extrusion but they lack of resources to market its products and ability to secure project..
abcd, if you read the latest annual report, you will found out the total shareholding by Dato Ng and related had increase to more than 26% which is more than Fajar Baru Bhd (single major shareholder) it show the commitment from Dato Ng. If based on the financial performance as revealed, it might not be so convincing in this coming 2 quater. But believe can be doing well subsquently and market price would definately adjust accordingly. Whether can come back to 13sen in near term or not it depend on market sentiment and confidence level on the company.
as be informed early the substantial loss attributed to the old asset/machinery written off which not involve real money. But the business operation wise they incurred loss on renewable energy project at KTregganu which cost overrun RM3mil. The performance would not good for coming quarter as well but believe shall start turnaround started by 2nd half of year onward for securing more project and price of aluminium is fall now
Based on the last 2 quarters, PA is showing profit despite an increase in loans. Moreover more than 50% sales are export sales. That's also probably why they are gaining favourably from the weakening RM. Expect some movement soon... next quarter results will be a surprise
I think this is time for counter start to bounce back to its value as if report a profit of few million for the financial year after impairement done in last few quarter.
Dato' Ng Tong Hai,the Managing Director of PA Resources intend to deal in PA's shares during the closed period to the targeted date of announcement of quarterly results for the financial quarter ended 31March 2016
expected 1st time full year profit report after Dato Ng took over the company (even it may few hundred thousand). Year 2017 should be profit few mil which directly improved its PE to 15 and below with current market value of RM60mil of 900m+ share issue
I m sure Dato Ng will do. High commitment of him who keeping increase his stake since 2013 and during the period, he din request right issue but private placement to enhance company cash and capital without burdening the existing shareholders
i did not too optimize on the price in short term. But it may touch 0.09-0.10 first if it show a turnaround in its full financial report 2016 ended Mar.
i would expect dato will inject his personal business into company but i believe pa will benefited from the spill over business from fajar baru who recently secure some project
please take note.Its financial account ended change from 31th Mar to 30th June. But to view its whole year making profit or not just view whether the quarter account as 31st Mar2016 which will release soon.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sohailar
76 posts
Posted by sohailar > 2014-12-08 16:16 | Report Abuse
yeah,collect.