insidernewz is right, Q1, Other income is 3,043,000. Furthermore Included in the other income was amounts totaling RM2.85 million of gain on bargain purchase arising from the acquisition of subsidiary companies. So basically their main biz is not profitable for Q1
Bursa Wolf, (Wrong thread, this is for KTC!) Anyway CLIQ warrant can only be exercised upon the approval+ completion of the proposed acquisition of qualifying asset. On the other hand, the warrant will expire or cease to exists if no acquisition is completed!
there is no nothing wrong keeping it or buying on slight pullback..waves count in favour of a test/break 0.45 over the short-med term.... 1st qtr results showing disappointment due to the 1.2 mil listing fees paid.
silly assumptions, the company had paid about close to RM3m in listing expenses as well, first half makes about RM2.6m, so second half u will have scgm + popular trading coming in, will hit mainboard easily with RM6m profits
tripleiii...the first half profit is non-core. so the core business (ie. distribtion) actually didn't make money. this is very worrying as KTC claims to dominate the east malaysian market.
Cimb is drowning in their own shares sell down. 6.60 down to 4.39. Get some mortgage from your house to buy when Cimb collapsed to 3.20--2.75 ( sure make money in 1.5yrs time)
insidernewz, how can you annualize, KTC got a few stuff is coming in, u haven't imputed the popular trading, and next week got bing bang bong coming, buy before regrett
results is on listing, of course got a lot of expenses to be recognized la, check bioalpha, and other ace market, sedania, they were all loss making due to all this one off fees, you shouldn't take that as a benchmark la aiyo, u guys gonna regret lol
Very potential company. My personal opinion . You can buy now 0.385 . And top up make average if it go down to 0.29 . It will rebound to 0.45 soon . Development of this company is optimistic . No worries to keep for at least a year
We refer to the Company’s announcement on 21 January 2016 in relation to the memorandum of understanding (“MOU”) entered into by KTC Consolidated with SCGM Bhd on the same date.
Subsequent to the signing of the MOU, the Board of Directors of KTC Consolidated wishes to announce that Kim Teck Cheong Distribution Sdn Bhd (“KTC Distribution”) and Kim Teck Cheong (Sarawak) Sdn Bhd (“KTC Sarawak”) (hereinafter referred to as “Distributors”), both are subsidiaries of the Company had on 20 February 2016 entered into the distribution agreements (collectively referred to as “Agreements”) with Lee Soon Seng Plastic Industries Sdn Bhd, a wholly owned subsidiary of SCGM Bhd (hereinafter referred to as “LSSPI” or “Owner”), respectively to undertake the distribution and sale of finished goods products manufactured and sold by LSSPI (“Product”) in Sabah and Sarawak respectively on the terms and conditions as stipulated in the Agreements.
The details of the announcement are set out in the attachment below.
The fear of crude dropping below 30 r keeping ppl away from mkt n shd it drop then may take a long time to fix.Currently Iraq is on inflation so i dont think price may drop further.
I have a question to all to ponder. Last quarter revenue 78mil and profit 2.5mil (3% profit) ... This quarter revenue 84mil but revenue RM100k (0.11%) ... It may be due to their expansion activities... but at this moment just looking at their financial reports.. their profit margin is too low.. and their IPO price of 0.15 and current price of 0.36 that's more than 100% paper gained in less than 6 months.. I have a feeling of an oversold counter ... just my 2cent
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3150 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
bad000
47 posts
Posted by bad000 > 2016-02-17 08:59 | Report Abuse
insidernewz is right, Q1, Other income is 3,043,000. Furthermore Included in the other income was amounts totaling RM2.85 million of gain on bargain purchase arising from the acquisition of subsidiary companies. So basically their main biz is not profitable for Q1