Posted by dragon12345 > 2018-11-29 10:58 | Report Abuse

Yes agreed with Davidyeap....govt really no money. Hv to pay off the debt 1st.

Posted by dragon12345 > 2018-11-29 10:59 | Report Abuse

Kiv of SKIN project is very high chance.

Posted by shpg22 > 2018-11-29 12:13 | Report Abuse

This company try to cheat tax, that's why kena kau kau. Bunch of untrustworthy management.
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value88 The loss was due to RM5.3mil tax paid for the mistake done in 2013-16 assessment, and RM2.3mil penalty. Those are one-off item and not operation related. Otherwise, it is a profitable quarter.

Why people do not want to read quarterly report and find out the real reason ?

Posted by zerocool7199 > 2018-11-29 12:19 | Report Abuse

Accumulate when is low..SKIN announcement is getting near and near...huhu

Posted by stockholm999 > 2018-11-29 14:27 | Report Abuse

if wanna play as blue chip, wait it drop abit more.

Posted by fong7 > 2018-11-29 14:29 | Report Abuse

Wow! EduCloud also kena!
Now I must say I'm very much doubt on the execution ability of the company. If we look at UniMY, that one also delaying to turn profit quarter after quarter. Simply put, the management is weak with unreliable execution strength.

Posted by BillyK > 2018-11-29 14:38 | Report Abuse

0.495 liao
those want at 0.50, all fully loaded?

Posted by BillyK > 2018-11-29 14:39 | Report Abuse

loaded and happy

Posted by zerocool7199 > 2018-11-29 14:42 | Report Abuse

Fully loaded... :)

Posted by BillyK > 2018-11-29 14:43 | Report Abuse

buy more at 0.49

Posted by draffluent > 2018-11-29 14:55 | Report Abuse

presbhd vs genm, i rather buy genm.

Posted by zerocool7199 > 2018-11-29 14:58 | Report Abuse

Both also can buy...super yummy

Posted by hohoho123 > 2018-11-29 15:16 | Report Abuse

agree with draff

Posted by shpg22 > 2018-11-29 15:28 | Report Abuse

You don't compare a rubbish with a gem.

draffluent presbhd vs genm, i rather buy genm.

Posted by whizzkid > 2018-11-29 15:33 | Report Abuse

Good to buy????

Posted by hohoho123 > 2018-11-29 15:33 | Report Abuse

whizzkid i tak berani lo

Posted by dragon12345 > 2018-11-29 15:59 | Report Abuse

Hope that it wont drop to 20 cents

Posted by didi7349 > 2018-11-29 16:32 | Report Abuse

beware that presbhd was a gem before....same goes to genm......in the business world, never says never

Posted by zerocool7199 > 2018-11-29 18:17 | Report Abuse

Enough accumulate..just put for few year dont want see it d...

Posted by Davidyeap > 2018-11-29 18:52 | Report Abuse

Pe 50++ mati la, no cash

Posted by dragon12345 > 2018-11-29 20:38 | Report Abuse

MyEG qtr result net loss RM97mil.....so Presbhd net loss of RM6.8mil considered not too bad.

Posted by Des07 > 2018-11-29 20:45 | Report Abuse

zerocool.. no need so long.. next quarter result will get everything back on track. Today slump is the act of the operator to cause panic sell.

Posted by zerocool7199 > 2018-11-29 21:14 | Report Abuse

Des07..total agree..cheers ya

Posted by Des07 > 2018-11-29 22:02 | Report Abuse

theedgemarket wrote.... KUALA LUMPUR (Nov 29): Prestariang Bhd shares fell 6.25% after it scrapped plans to create an integrated education platform (IEP) with Alibaba Cloud, the cloud computing arm of China's Alibaba Group, and Singapore-based Conversant Solutions Pte Ltd.

Look like they also cannot understand why Prestariang share dropped so just simply tied to lapse in MOU. As it will look very bad on them (and Prestariang) if they were to write... Prestariang shares fell XX% after the company reported first time loss due to one off tax expense RM5.3m for 2013-2016 and RM2.3m tax penalty that saw its market capitalisaiton wiped off by XX%.

Posted by Des07 > 2018-11-29 22:08 | Report Abuse

or maybe they should write again this time... Prestariang shares fell XX% due to uncertainty of SKIN from unnamed sources.

Posted by dragon12345 > 2018-11-30 00:35 | Report Abuse

http://www.theedgemarkets.com/article/prestariang-falls-625-scrapping-iep-plan-alibaba-cloud

Posted by dragon12345 > 2018-11-30 00:37 | Report Abuse

http://www.theedgemarkets.com/article/prestariangs-education-platform-plans-alibaba-conversant-scrapped-0

Posted by EVO118 > 2018-11-30 08:46 | Report Abuse

zerocool7199, Des07 -Have to agree with both of you. Nothing spectacular is going to happen until the next quarter report. It it drops another 50% I can see it being a TAKEOVER TARGET for some cash rich invader. Only need to make Abu Hassan a decent offer he cannot refuse & I am sure a general offer will be on the cards. Just sit tight.

Posted by whizzkid > 2018-11-30 09:38 | Report Abuse

lanchau today?

Posted by Alfred Boon Huat > 2018-11-30 11:17 | Report Abuse

Stop loss at 0.495, very bad counter! Better run!!

Posted by prince4 > 2018-11-30 16:27 | Report Abuse

After election change new government . many contracts related from BN government will cancel ,All change already market uncertain,funds managers and foreign funds selling related GLC company and BN cronies company money would not flow in big cap and mid cap stock now because in future their earning will big drop and no prospects,because everybody scare buy high losses money ,expect fund manager money would flow out in big and mid cap stock cannot hold and buy.
All low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..

Posted by oranje > 2018-11-30 18:05 | Report Abuse

495 sen is shark start engine price hahahhahahhaha rocket ship this...............

Posted by Alfred Boon Huat > 2018-12-03 14:28 | Report Abuse

It is going lower... U will see later...

Posted by Pete118 > 2018-12-03 15:04 | Report Abuse

surely go lower? lets see.

Posted by icecool > 2018-12-04 10:59 | Report Abuse

how low can it go, lets see PRESTARIANG or SAPURA ENERGY will reach the bottom first? haha

Posted by apolloang > 2018-12-04 11:09 | Report Abuse

skin sudah jadi tulang ar? hehe

Posted by commonsense > 2018-12-04 11:32 | Report Abuse

In terms of financial performance ( based on 3Q18), up to gross profit level the company has actually improved. The one that drag down the PBT is the higher admin and other expenses (which has more than doubled compared to 3Q17). However PBT was still positive at RM2.1mil. Then you have the higher than normal tax of RM7.3mil (due to under provision in previous years) which turned the PAT to negative. If the high admin and other expense are just one off, then the company should be able to post a PAT (assuming tax rate also normalised) of RM6-8mil in 4Q18.

But i think the main issue now is the SKIN contract. Market are worried that the company might lose it which if that happens, for sure the company will be in the red. 9m18 EBIT contribution from the contract is RM29.5mil.

Added to the pressure is the potential further force selling from Dr Abu Hassan (he still has 118mil shares).

Those that are invested will need to be very confident on the company's ability to hold on to the Skin contract and to have the heart to face some volatility.

Prestariang is not the only one facing uncertainties from govt contracts (Destini, Dnex, Myeg, Datasonic, MRT and LRT players to name a few). But in the end, the govt has always been able to find a middle ground in its tough stance when renegotiating with businesses.

If you are looking for companies that are not exposed to govt contracts (due to the potential near term volatility), i would recommend MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope the Prestariang can retain the SKIN contract. If it does, the current share price actually only values the company at less than 5x PE (average concensus PAT for FY20 was RM55mil based on previous analyst reports before the Skin issue emerge).

Good luck.

Posted by jbon_99 > 2018-12-04 11:45 | Report Abuse

Thank you commonsense. Well put.

Posted by Data5000 > 2018-12-04 15:08 | Report Abuse

0.46 today

Posted by kianweng123 > 2018-12-05 15:06 | Report Abuse

0.575 buy in now 0.46 need cut loss?

Posted by Alfred Boon Huat > 2018-12-05 15:24 | Report Abuse

Sell!! Run!!

Posted by kianweng123 > 2018-12-05 15:29 | Report Abuse

Is it hopeless?

Posted by ObserverOfThings > 2018-12-05 16:26 | Report Abuse

any news on SKIN? seems very quiet, dangerously quiet nowadays.

Posted by Lim Lai Ting > 2018-12-05 16:34 | Report Abuse

lol goreng stock

Posted by Lim Lai Ting > 2018-12-05 16:34 | Report Abuse

no people dare to buy liao . sell only

Posted by kianweng123 > 2018-12-05 16:39 | Report Abuse

The chance of skin is very tiny

Posted by apolloang > 2018-12-05 16:40 | Report Abuse

POTATO SKIN.....hahaha

Posted by CITADEL > 2018-12-05 16:43 | Report Abuse

foreskin ada la

Posted by jbon_99 > 2018-12-05 16:49 | Report Abuse

No official news from government about SKIN

Posted by DonaldTrumpMalaysia > 2018-12-05 17:11 | Report Abuse

Kianweng u should had cut loss earlier around 0500...i think many who buy at 0520 and even 0500 thinking a bargain oso kepala pusing nw