Posted by Yael Jasper > 2018-04-17 16:57 | Report Abuse

gogo

Posted by Jeffreyteck > 2018-04-17 20:23 | Report Abuse

Revenue dropped marginally, profit reduced, inventories up, receivables surged, loans up .... no dividends. TP 0.30 as non transparency of receivables, believed some should be written off.

Posted by apolloang > 2018-04-17 23:08 | Report Abuse

revenue drop 1 mil only,profit down 200k only,inventories up 4 mil only,receivables up 9 mil, loan up a mere 1 mil but reserves up 17 mil. not bad for a stock consider the price already down quite substantial.....really undervalue compare to most junks like asdion

Posted by apolloang > 2018-04-17 23:11 | Report Abuse

tomoro if down opportunity to buy more.....hehe

Posted by apolloang > 2018-04-18 00:07 | Report Abuse

bursa got fundamentals? sasbadi profit down only 8% but stock price down by almost 60%.sapnrg lost 2.5bil yet can up

Posted by jibbie > 2018-04-18 05:52 | Report Abuse

disappointed with the quarter result for what is usually their strongest quarter. They purchased Pinko Creative for RM860k through internally generated funds. What does that mean? They gonna sell off some property to fund it, hence the reevaluation of properties?

Posted by apolloang > 2018-04-18 11:42 | Report Abuse

860k only not relevant for a 400 over mil capital stock.maybe if 86 mil more relavant

Posted by abcde12345 > 2018-04-18 12:18 | Report Abuse

haha

Posted by powerinvestor > 2018-04-18 18:45 | Report Abuse

The future looks bleak for SAS.

Quarter report ended 28.02.18 is out but it is way below expectation.

Inventories RM 69,784,000
Receivables RM 63,405,000
Loans RM 20,787,000
Negative cash flow RM -8,385,000

1. The high inventories show that SAS products are not fast-moving(selling). Last quarter the MD said that the inventories will improve because it was unexpected, but my question to him is: "Why is it still high this quarter, considering this has been traditionally your best quarter of the year?"

2. High receivables show SAS's weak collection, possibly due to stagnant product hence bookshops unable to pay. or it may be due to its premature MLM scheme.

3. High Loans of RM 20,787,000 VS Revenue demonstrated its weak cash flow management. Over expending could be one of its fatal weakness. FYI, the MD promised at least a M&A a year.

4. A high NEGATIVE cash flow of -RM 8,385,000 for quarter ended 28.02.18, illustrates point 3 above further. On 28.02.2017, the cash flow was RM1,071,000 surplus.To simply put, the cash flow for this year is RM 9,456,000 WORSE than 2017 Q2.


The upcoming quarter, Q3 and Q4 are traditionally the worst quarters for SAS. good luck guys

Posted by Jeffreyteck > 2018-04-18 19:16 | Report Abuse

In addition, certain revenue relying on related ministry approval periodically. Tough challenges ahead. Nonetheless, low price may be good for speculative. Anyway, there are many stocks dropped substantially too.

Posted by apolloang > 2018-04-18 21:52 | Report Abuse

reserve got 54 mil u didn't mention?

Posted by apolloang > 2018-04-18 21:53 | Report Abuse

loan 20 mil u say high? why sapnrg over 15 bil loan u didn't say anything?

Posted by noah > 2018-04-18 23:13 | Report Abuse

The net revaluation surplus of RM8,981,000, after deducting deferred tax of RM2,836,000, has
been incorporated in the unaudited interim financial results of the Sasbadi Holdings Group for
the period ended 28 February 2018.

Net Gain from revaluation = RM6,145,000.
Latest QR Net profit RM4,933 ,000.

Excluding one off gain.

Is SASBADI still making profit??

Posted by stklearner > 2018-04-18 23:39 | Report Abuse

just to remind that the 54m reserves is NOT cash , just an accounting term for retain earnings & revaluation surplus. (Assets = Equity (share capital/ reserves) + Liability)
Sasbadi only got 8.29 million cash

apolloang reserve got 54 mil u didn't mention?
18/04/2018 21:52

Posted by stklearner > 2018-04-18 23:51 | Report Abuse

at the end of 2nd Qtr, Sasbadi makes 2.24 sen per share. revenue for nxt 2 qtrs normally will be less, so may make only 1.12 sen , total 3.36 sen for whole year. at 37 sen only, PE of 11, looks ok. (rough guesstimate only)

Posted by apolloang > 2018-04-19 02:21 | Report Abuse

yeah very cheap compare to others like asdion,nwp and many other loss making companies

Posted by Jeffreyteck > 2018-04-19 07:55 | Report Abuse

I thought reserves should be reflected in NTA indirectly? Sorry if I misunderstand it. Without that reserves and high intangible assets as someone commented earlier, its assets per share should be lower. Anyway, price is relative low now and speculative play opportunities may arise.

Posted by stklearner > 2018-04-19 11:30 | Report Abuse

agree, Sasbadi's current & future MOE books contracts will keep it afloat in the short term, and nxt yr. MOE may change its stand on restrictions on workbooks, hahaha..
trading buy, esp at the lows..

Posted by Alex™ > 2018-04-19 11:40 | Report Abuse

i will buy sasbadi if my children love their books more than ipds.

Posted by jordanmaggie61 > 2018-04-19 12:05 | Report Abuse

is ok

Posted by Thepainfultruth > 2018-04-19 18:58 | Report Abuse

Hahaha, very good point @ALEX

Posted by apolloang > 2018-04-19 20:28 | Report Abuse

Posted by Alex™ > Apr 19, 2018 11:40 AM | Report Abuse

i will buy sasbadi if my children love their books more than ipds.

like that ur children sure got zero A's during their exam.last time my dad will keep all my video games when studying time

Posted by apolloang > 2018-04-19 20:33 | Report Abuse

don't let ur children to see I pad and smartphone too much.later walk out of lifts also like zombies

Posted by 4444 > 2018-04-20 05:05 | Report Abuse

17-Apr-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 50,000 shares on 12-Apr-2018.

Posted by 4444 > 2018-04-20 05:07 | Report Abuse

Yes sunset biz. Kids prefer ipads not books nowadays.

Posted by Alex™ > Apr 19, 2018 11:40 AM | Report Abuse
i will buy sasbadi if my children love their books more than ipds.

Posted by powerinvestor > 2018-04-25 19:23 | Report Abuse

18 Apr 2018
Sasbadi First Half Earnings Below Forecasts, Says CIMB Research

Sasbadi’s 1HFY18 revenue declined 4.1% on-year to RM56mil; net profit
also declined by the same percentage.

CIMB Research slashed its FY18F-20F EPS by 48.4%-54.9%, mainly to reflect lower
retail and MLM revenue forecasts as both sectors continue to face strong peer
competition and tight domestic consumer spending.

“We were earlier too optimistic about Sasbadi's MLM prospects and it now looks like
this division might take a longer time to see the exponential revenue growth we had
expected,” it said.

Posted by mrinvestor12 > 2018-05-02 08:48 | Report Abuse

https://www.mrinvestor12.com/2018/02/trading-ideas-sasbadi-holdings-berhad.html

Posted by jibbie > 2018-05-04 02:09 | Report Abuse

pls lah epf.. stop selling already

Posted by powerinvestor > 2018-05-11 14:39 | Report Abuse

As predicted last month:

Cash flow problem = No increment/bonus = Key personnel leaving

Mr Tang Yuen Kin, the Chief Financial Officer has resigned from SAS.

http://sasbadi.irplc.com/new-announcement.htm?NewsID=201804306900002&Symbol=5252

Posted by 4444 > 2018-05-12 17:11 | Report Abuse

Jibbie stock will die on Monday. 10 sen coming.

Posted by Thepainfultruth > 2018-05-12 19:36 | Report Abuse

@powerinvestor

Yea, pity him. Had to answer all the tough questions during the AGM. If you are observant you would have noticed the CFO wasn't convinced of whatever he presented. Looked like he was just reading from script.

Not many peoplepeople can stand the stress. Finance going down and investors questioning...

Posted by apolloang > 2018-05-12 20:57 | Report Abuse

epf selling this stock mana jibby stock? epf selling is like sapnrg.only epf buying is jibby stock

Posted by 4444 > 2018-05-14 02:20 | Report Abuse

EPF to sell more on BN loss. Below 30 sen today. All contracts won under BN nullified. 10-15 sen by year end.

Posted by PiddleMinger > 2018-05-18 07:23 | Report Abuse

expect changes in syllabus with Tun as new EM. Looks like they have to write off their inventory

Posted by Astute > 2018-05-18 11:26 | Report Abuse

With Tun M's leadership, education industry is expected to bloom. SAS will be more poised to tackle new changes due to its many business units. Expected to rise from now on

Posted by powerinvestor > 2018-05-18 12:26 | Report Abuse

Who is this Astute, this fellow just joined today.

Posted by Astute > 2018-05-18 13:10 | Report Abuse

An investor, just like yourself powerinvestor. I feel there is a need for me to join the discussion, considering all of your comments

Posted by ohbeeyee > 2018-05-18 16:19 | Report Abuse

Sasbadi is well placed to benefit from a more transparent ,open tender govt procurement environment, in the schools

Posted by apolloang > 2018-05-18 16:27 | Report Abuse

dr m please change matematik dan sains to English,change text books syllabus and give sasbadi contract to do it,then TP should be 1.00.....hehe

Posted by PiddleMinger > 2018-05-18 19:17 | Report Abuse

Tun M no longer the education minister

Posted by Thepainfultruth > 2018-05-19 11:21 | Report Abuse

New government = no more hanky panky = no more contract for BN company


Bye bye SAS

Posted by powerinvestor > 2018-05-19 11:23 | Report Abuse

@ Astute, if you are able to prove anything i said as wrong, i will apologise.

Else, shut up.

Posted by powerinvestor > 2018-05-19 11:24 | Report Abuse

This is a real case. You may view it from the SAS website.



Mr Tang Yuen Kin, the Chief Financial Officer has resigned from SAS.

http://sasbadi.irplc.com/new-announcement.htm?NewsID=201804306900002&a...

Posted by Astute > 2018-05-19 17:31 | Report Abuse

Powerinvestor you seem to be a hot head aren't you? I did not even mention that you were wrong and I am aware about SAS' CFO.
Be less defensive and neutral and maybe we'll have a more meaningful conversation.

Posted by apolloang > 2018-05-19 21:30 | Report Abuse

SAS not BN company,dumbo

Posted by apolloang > 2018-05-19 21:36 | Report Abuse

SAS already incorporated since the 80's not just open shop since jibby's became PM time

Posted by Astute > 2018-05-20 14:51 | Report Abuse

That is correct, apolloang

Posted by jibbie > 2018-05-21 09:09 | Report Abuse

hope sasbadi will start to go up with the new government and emphasis on education.

Posted by apolloang > 2018-05-21 09:16 | Report Abuse

KEEP FOR LONG TERM

Posted by ohbeeyee > 2018-05-21 10:50 | Report Abuse

can expect higher margins now, due to less 'expenses incurred' to promote school products..