SALCON BHD

KLSE (MYR): SALCON (8567)

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Last Price

0.415

Today's Change

0.00 (0.00%)

Day's Change

0.40 - 0.42

Trading Volume

3,629,800


9 people like this.

7,566 comment(s). Last comment by Richdady 17 hours ago

keyin

2,150 posts

Posted by keyin > 2017-11-16 17:08 | Report Abuse

Index correction now

sherlock

306 posts

Posted by sherlock > 2017-11-16 17:53 | Report Abuse

grab another NRW contract,nice.

OngLai88

1,234 posts

husky88

698 posts

Posted by husky88 > 2017-11-16 19:16 | Report Abuse

Good performance year. Continue support

Posted by Gan Sin Chai > 2017-11-19 23:11 | Report Abuse

At the current price, can start collecting slowly...

sheep

3,844 posts

Posted by sheep > 2017-11-20 16:22 | Report Abuse

will go down to 0.45. And after q result out, will down to 0.40. con counter. Dont be fooled by company buying back scheme.Operators (aka syndicate) laughing to the bank everyday. wakaka

lobster

58 posts

Posted by lobster > 2017-11-20 17:17 | Report Abuse

Fully agree with sheep...

Posted by tham hoe yean > 2017-11-21 10:04 | Report Abuse

When is the report announcement date?

keyin

2,150 posts

Posted by keyin > 2017-11-21 10:27 | Report Abuse

23 nov

sheep

3,844 posts

Posted by sheep > 2017-11-21 15:34 | Report Abuse

Q at 0.40. If bog, keep it for three months. sure win.. wakaka

Posted by Derivative91 > 2017-11-21 17:42 | Report Abuse

What lead to the slight huge decrease today in this counter?Haiz

Posted by onlyinvestment > 2017-11-21 17:49 | Report Abuse

Funny funny funny

Ken Ken

46 posts

Posted by Ken Ken > 2017-11-21 22:51 | Report Abuse

Oh my god

notebook

427 posts

Posted by notebook > 2017-11-21 23:43 | Report Abuse

back to 0.4 , pump and dump

OngLai88

1,234 posts

Posted by OngLai88 > 2017-11-22 12:03 | Report Abuse

Did you buy when it dipped to 40 sen on 6/9 ? If you missed the boat, then wait for the next time which only God knows when.

Posted by Chanyut Sappinit > 2017-11-22 16:31 | Report Abuse

When the quater report suppose to come out? Is it today?

Posted by RocketRider > 2017-11-22 17:20 | Report Abuse

out edi lo

Posted by Sebastian Sted Power > 2017-11-22 17:23 | Report Abuse

cantekkkkkkk!

Posted by Chanyut Sappinit > 2017-11-22 17:24 | Report Abuse

How is it? Green or Red?

Posted by Chanyut Sappinit > 2017-11-22 17:32 | Report Abuse

Little bit green. ..hahaha

Jack Leo

230 posts

Posted by Jack Leo > 2017-11-22 17:36 | Report Abuse

LITTLE BIT GREEN?? A LOT OF GREEN. HUAT AHHH!!!!!!!!!!!!!!!

chinaman

3,256 posts

Posted by chinaman > 2017-11-22 18:00 | Report Abuse

qtr revenue myr18million still weak albeit at minor profit. hopefully, will keep recovering strong in next qtr

Posted by Tham Hoe Yean > 2017-11-22 20:02 | Report Abuse

Improved, not too bad

husky88

698 posts

Posted by husky88 > 2017-11-22 20:30 | Report Abuse

I can confirmed next q superb :,)

zhgeliang

11 posts

Posted by zhgeliang > 2017-11-22 20:46 | Report Abuse

very fast drop to 0.40 or below

Booyeah

365 posts

Posted by Booyeah > 2017-11-22 20:58 | Report Abuse

zhgeliang, rubbish. what's the reason drop below 40 cents. hahah.. joker. use brain when comment

husky88

698 posts

Posted by husky88 > 2017-11-22 21:06 | Report Abuse

No need gaduh with stock god , time will tell.

Posted by Tham Hoe Yean > 2017-11-22 21:09 | Report Abuse

No target price for reference very hard to say up or down. Volumn just as usual, unless tomorrow got long green stick la

Ken Ken

46 posts

Posted by Ken Ken > 2017-11-22 21:38 | Report Abuse

Will up....haha....

Posted by Joseph Lee > 2017-11-22 21:39 | Report Abuse

Can’t wait to dump this stock. Too long holding it. Finally a chance to dump this stock

Booyeah

365 posts

Posted by Booyeah > 2017-11-22 23:47 | Report Abuse

someone analyse on salcon
1. Fundamental - salcon sales was below my expectation of only 18 million compare to previous same quarter of 22 million. However, their gross margin increase from 19.6% to 23.1%.
2. Analysis - the recent losses was due to huge administrative expenses of 13.2 million which is a 127% increase in their expenses. This is due to impairment of goodwill of 6.24 million and incur one time off higher expenses within the trading and services division and venture into their new business. If we were to take away the 6.24 million and add back it will gives them around 10 million profit including profit from associate company.
I suspect there is a delay in their vp of selayang property project which causes lower recognition of their sales. And the group clearly state it expects positive result from this quarter to continue. That's why their property division still showing a loss of 1.90 million.
One thing for sure is they have reduce their cash level around 48 million to repay borrowings as well as expansion (9.4 million expansion on ppe and investment). If we take away this 48 million they still have 167 million which is 0.25 cents cash per share. At current share price more than half their share price is finance by cash.

Probably can hold until we see their next quarter result which I believes will be better. The management is giving the confidence that their next quarter will be positive as well.

I estimate if they can turnaround next quarter with recognition of their sales and adding back one time expenses and goodwill, they should show better results than previous quarter. Hopefully.

Posted by Joseph Lee > 2017-11-23 08:45 | Report Abuse

As long as it’s above 0.535 and gap up. Too much time wasted on this counter

keyin

2,150 posts

Posted by keyin > 2017-11-23 08:59 | Report Abuse

Joseph, you better go casino. Within few second your earn few millions

zhgeliang

11 posts

Posted by zhgeliang > 2017-11-23 09:05 | Report Abuse

thats a good opportunity to sell now before going now

chinaman

3,256 posts

Posted by chinaman > 2017-11-23 09:11 | Report Abuse

cash level at myr167million is a plus point as long as NO right issue amid rising interest cost next year. their debts deduction to save interest cost is accurate to strengthen its balance sheet before the expected rising interest next yr. I'm still holding tight this co. may top up further during pull back

zhgeliang

11 posts

Posted by zhgeliang > 2017-11-23 11:39 | Report Abuse

cimb research given target price 0.43

Astotti

175 posts

Posted by Astotti > 2017-11-23 14:17 | Report Abuse

QoQ up 133.61% YoY up 502.65%.
But share price drop..TT

phyroxus

683 posts

Posted by phyroxus > 2017-11-23 16:43 | Report Abuse

i also want to know why ya.... y CIMB rate down

TrippleZ

1,563 posts

Posted by TrippleZ > 2017-11-23 16:50 | Report Abuse

Profit 0.45sen per share and trade near 50sen? Of course going down la.

limch

3,033 posts

Posted by limch > 2017-11-24 04:24 | Report Abuse

Those can afford 40 sen share pls consider MediaC.

Posted by onlyinvestment > 2017-11-24 07:55 | Report Abuse

50% chance will living president room

keyin

2,150 posts

Posted by keyin > 2017-11-24 08:58 | Report Abuse

CEO room also not bad

Booyeah

365 posts

Posted by Booyeah > 2017-11-24 14:53 | Report Abuse

they are pushing it down to collect it later. those that see in details the quarter report (of course many like trippleZ, don't read quarterly result won't know), that their next quarter will be better. read and analyse before judging.

Posted by onlyinvestment > 2017-11-24 15:19 | Report Abuse

No related read or unread the report , market is do the talk and share price also do the talk.

Posted by Tham Hoe Yean > 2017-11-24 19:39 | Report Abuse

This counter is never for ultra short term player. I've holding it since 2013 and still collecting Everytime it dropped.

huikong

101 posts

Posted by huikong > 2017-11-25 22:41 | Report Abuse

PBT QoQ down, YoY down also, what interesting of dropping. haha

Posted by onlyinvestment > 2017-11-28 20:20 | Report Abuse

May I saying all of shareholder who buy at 50 cents one, both leg are step in president room now???

Posted by tham hoe yean > 2017-11-29 09:59 | Report Abuse

such a huge and lovely presidential suites, I'm gonna stay here for quite sometime i guess.

sheep

3,844 posts

Posted by sheep > 2017-11-29 12:07 | Report Abuse

Cum-ming, Queue at 0.40. Keep it for three months. Sure win... Wakaka.

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