Posted by Infiltrader > 2019-02-28 21:32 | Report Abuse

PN17 status.

Posted by Tunjung > 2019-03-01 07:03 | Report Abuse

Pn17 ka.limit down la hari ni

Posted by abcb > 2019-03-01 09:06 | Report Abuse

This company cannot be trusted at all
Should change the name to CSCHB
(CHEATING COMPANY HOLDING BERHAD)

Posted by hklcheng > 2019-03-01 09:20 | Report Abuse

what happen?

Posted by cutie > 2019-03-01 09:23 | Report Abuse

shit company. pn17. following perisai and daya. I cut loss

Posted by djibaok > 2019-03-01 09:25 | Report Abuse

brahim kengkang

Posted by signalmw > 2019-03-01 09:35 | Report Abuse

P17 coming?

Posted by Hustle > 2019-03-01 09:59 | Report Abuse

Effect of smoking ban at nasi kandar

Posted by hklcheng > 2019-03-01 10:13 | Report Abuse

OMG

Posted by wah168 > 2019-03-01 10:20 | Report Abuse

not need to cut loss already... let it burn..

Posted by izzademir > 2019-03-01 10:20 | Report Abuse

is pn17 coming for this co?? then i have to rethink hard coz i hold a lot and making huge loss as well... OMG

Posted by wah168 > 2019-03-01 10:47 | Report Abuse

TH til now still survive.. tabung haji is there.

Posted by wah168 > 2019-03-01 10:51 | Report Abuse

hope the board can let it go to somebody interested. the mangement are badly lousy that should resign.

Posted by wah168 > 2019-03-01 10:52 | Report Abuse

sad. this company prospect is potential cause is halal food

Posted by wah168 > 2019-03-01 10:52 | Report Abuse

but stupid mangement

Posted by wah168 > 2019-03-01 11:32 | Report Abuse

let somebody buy over and revamp the company better than run by the same managent team

Posted by wah168 > 2019-03-01 11:33 | Report Abuse

this is highly potential business. can venture into any kind of halal food industries

Posted by wah168 > 2019-03-01 11:34 | Report Abuse

but not manage by this kind of stupid management

Posted by signalmw > 2019-03-01 11:40 | Report Abuse

O. 055 just now

Posted by Hustle > 2019-03-01 11:47 | Report Abuse

Roti canai

Posted by Hustle > 2019-03-01 11:48 | Report Abuse

That's impossible you left half of your teh tarik at table and go smoking 3m distance from your table

Posted by Hustle > 2019-03-01 11:49 | Report Abuse

The waiter will clear your table instantly

Posted by Nura > 2019-03-01 11:56 | Report Abuse

nice for fifo

Posted by ahfad > 2019-03-01 13:32 | Report Abuse

close at the floor maybe. stay out

Posted by 888newbie > 2019-03-01 14:10 | Report Abuse

No more expensive nasi lemak.

Posted by Dcmh > 2019-03-01 14:59 | Report Abuse

Bankers retrieve umbrella liao

Posted by ahfad > 2019-03-01 15:09 | Report Abuse

sell first, nanti ada jual lagi murah. tu belum kira margin hard call

Posted by Nura > 2019-03-01 16:18 | Report Abuse

hit and run dulu

Posted by NoobTrader88 > 2019-03-01 16:56 | Report Abuse

Ham7 already .... lose 2k here .. close eye liao no hope wan this counter ..

Posted by ahfad > 2019-03-02 00:54 | Report Abuse

next week tengok dulu baru masuk. masuk awal sgt nanti lebih loss dr gain

Posted by Veron_teo > 2019-03-02 10:42 | Report Abuse

rip.

Posted by nkk53 > 2019-03-02 17:04 | Report Abuse

Cry and cry till no more tears.Never buy money losing stock again!

Posted by ahfad > 2019-03-04 15:13 | Report Abuse

mcm kena run dulu this week. nanti lemas

Posted by slash8479 > 2019-03-06 09:51 | Report Abuse

Run n fly upper limit

Posted by Nura > 2019-03-06 11:55 | Report Abuse

http://cakap. net/gann-square-of-9/?s=brahims&cp=0.15

Posted by Midascapital > 2019-03-07 10:22 | Report Abuse

Bought in Friday at RM0.09, when investors panic sold. Contra off yesterday RM0.15 when investors panic buy. Thank you for the coffee money :)

Posted by commonsense > 2019-03-07 10:39 | Report Abuse

I see a lot of investors turned bullish on Brahims when its chairman said that they are in discussions with potential partners to come up with a plan to bring the company out of the PN17 status.

But I am a bit sceptic of this. If there was already a way to improve the company’s financial status, why does management would want to wait until Brahim falls into the PN17 status? Why not push the turnaround plan before that? One of the potential partners would most probably be SATS Ltd the other 49% owner of Brahim Airline Catering Holdings (BACH). I doubt they would want to put in more money into the company (they initially paid RM110mil for the 49%. They were supposed to pay another RM100mil but only when BACH reach a certain financial milestone which it never did).

Being a PN17 company will put more pressure on the company’s financials as there will be lesser (or potentially zero) banks that will be willing to provide the company with loans especially for its working capital. Investors need to take note that the company has a RM73mil debt to be paid in the next 12 months.

Brahim has a negative equity value of RM5.8mil at the moment. If you exclude the goodwill (51% of it as the other 49% is owned by SATS ltd), the net tangible asset value is a whopping negative RM58mil. Which means even if the company managed to come up with a regularisation plan, I doubt it will be good for the equity holders. Probably Brahim will try to convert the debt and payable into equity which would only mean a massive dilution for the current shareholders.

If you are looking to hedge your portfolio outside of Brahim (due to its weak earnings outlook and risks relating to its PN17 status), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by Tunjung > 2019-03-07 18:06 | Report Abuse

Kena goreng ke ceo

Posted by bjgdila123 > 2019-03-08 08:55 | Report Abuse

Pak Brahim buy back 1.0M

Posted by azdrichwork > 2019-03-09 06:02 | Report Abuse

Macam steady juga xdrop byk

Posted by venture > 2019-03-12 11:16 | Report Abuse

pak brahim goreng balik...kiki

Posted by 430204813832245 > 2019-03-12 15:51 | Report Abuse

Yes 0.25 no problem la

Posted by Veron_teo > 2019-03-12 17:56 | Report Abuse

wow. will back to 2.7?

Posted by 430204813832245 > 2019-03-12 18:00 | Report Abuse

Possible

Posted by scwyr > 2019-03-13 13:22 | Report Abuse

stay tune. this going to bull soon. hold tight tight!

Posted by nkk53 > 2019-03-16 12:04 | Report Abuse

Sad to leave Brahims.Make few rounds 2 to 3 yrs back

Posted by matg > 2019-03-20 17:42 | Report Abuse

0.15 is good to collect

Posted by matg > 2019-03-22 17:47 | Report Abuse

another average down.. huhu

Posted by Veron_teo > 2019-03-24 22:11 | Report Abuse

10 cent tomorrow

Posted by matg > 2019-03-25 10:55 | Report Abuse

ok suda huntung.. haha