Posted by Legend > 2022-05-27 15:37 | Report Abuse

Wow sudah ada gaji...haha

Posted by KPH5328 > 2022-08-24 22:15 | Report Abuse

Prospect: The higher US furniture sales were driven by the Covid-19 recovery stimulus and high demand following the lockdowns. Although purchase orders particularly from US customers remain strong, going forward we expect the continuous inflationary pressures may somewhat dampen demand.
Nevertheless, the ongoing trade war between the United States and China, the Russia-Ukraine
conflict and the resulting sanctions have driven importers to secure their sources of supply from SEA countries, including Malaysia

Posted by Jaeger > 2023-06-16 06:10 | Report Abuse

Someone buying lots of wb.

Posted by adikkici > 2023-06-28 09:22 | Report Abuse

FA good, technical good but volume very sedih

Posted by tok_jeff > 2023-06-30 16:08 | Report Abuse

boodo punya kaunter

Posted by Kim > 2023-09-27 11:49 | Report Abuse

Watch to goreng WC & WB =)

Posted by Kim > 2023-09-27 12:01 | Report Abuse

Get ready fly to North Korea =)

Posted by Kim > 2023-09-27 12:02 | Report Abuse

WB only daredevil can see =)

Posted by ktrader > 2023-09-28 11:18 | Report Abuse

Already in WC

Posted by 195410 > 2023-10-14 23:50 | Report Abuse

Wake up Wegmans

Posted by Za1234 > 2023-11-07 16:19 | Report Abuse

y????................anak/ wc naik banyak ni????

Posted by MZM2511 > 2024-05-08 21:35 | Report Abuse

QR1 2024 announcement @ the end of this month... Hope for a good results...

Posted by $$ BUYSELL $$ > 2024-05-16 08:59 | Report Abuse

soon will play

Posted by Tripaka > 2024-05-20 16:05 | Report Abuse

Planted

Posted by miomio > 2024-05-21 17:11 | Report Abuse

Lousy stock.. Export going up but this stock stagnant

Posted by Tripaka > 2024-05-23 15:22 | Report Abuse

Planted again

Posted by MZM2511 > 2 months ago | Report Abuse

Base on my BRIEF study on the QR1 2024 (The latest QR) of Wegmans:

(Note: A comparative figures from QR4 2023 included)


A: Improved its revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%

B: Sitting on positive reserve / Retained profits of RM83,746, 000. It means, the company is a profitable company.

C: Has a moderate cash and cash equivalents of RM 18 mil.

D. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.

E. Dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.


THE FINDINGS:

1. NTA 24 sen _ , QR4 2023 @ 23 sen.
2. NOSH 550.54 mil _ , QR4 2023 @ 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR4 2023 @ RM 68,155,000
Treasury shares (RM 94,000) _ , QR4 2023 @ (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR4 2023 @ (RM 22,100,000)
Retained profits RM 83,746,000 _ , QR4 2023 @ RM 82,245,000
Equity Attributable To Owners Of The Company RM 129,707,000 _ , QR4 2023 - RM 128,206,000
Non-Controlling Interest RM 1,575,000 _ , QR4 2023 @ (RM 1,541,000)
TOTAL EQUITY RM 131,282,000 _ , QR4 2023 @ RM 129,747,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM18,243,000 _ , QR4 2023 @ RM 19,855,000

5. Assets:
Current Assets RM 70,774,000 _ , QR4 2023 @ RM 72,635,000
Non-current Assets RM 115,238,000 _ , QR4 2023 @ RM 116,306,000
TOTAL ASSETS RM 186,012,000 _ , QR4 2023 @ RM 188,941,000

6. Liabilities:
Current Liabilities RM 24,555,000 _ , QR4 2023 @ RM 27,860,000
Non-current liabilities RM 30,175,000 _ , QR4 2023 @ RM 31,334,000
TOTAL LIABILITIES RM 54,730,000 59,194,000 _ , QR4 2023 @ RM 59,194,000

7. QR1 2024 results
- Revenue RM 34,700,000 _ , QR4 2023 @ RM 31,417,000
- Profit before tax /(loss) RM 5,572,000 _ , QR4 2023 @ RM 5,315,000
- Net profit/ (Net loss) RM 4,282,000 _ , QR4 2023 @ RM 4,142,000


Note 1:

The Group’s revenue for the current financial quarter ended 31 March 2024 has increased by
RM11.65 million or 50.56% to approximately RM34.70 million as compared to approximately
RM23.05 million in the preceding year corresponding quarter ended 31 March 2023.

The higher revenue was mainly attributed to the higher sales volume from North and South America.

The Group registered a profit before tax of approximately RM5.57 million for the current financial quarter ended 31 March 2024 as compared to profit before tax of approximately RM0.25 million for the preceding year corresponding quarter ended 31 March 2023.

The higher profit before tax was mainly attributed to the higher revenue generated and strengthening of United States Dollar (“USD”) against the RM whereby a majority of the Group’s revenue sales are denominated in USD.

Note 2:

For the current financial quarter ended 31 March 2024, the Group’s revenue has increased by
RM3.28 million or 10.45% to approximately RM34.70 million as compared to approximately RM31.42 million in the preceding financial quarter ended 31 December 2023. The higher revenue was mainly attributed to the higher sales volume from North and South America.

Note 3: Prospects

The Group confronts global economic uncertainties, increased production costs, and foreign currency fluctuations. However, the strengthening of United States Dollar (“USD”) against Ringgit Malaysia is expected to offset the negative impacts as majority of the Group's revenue are denominated in USD.

The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

Posted by MZM2511 > 2 months ago | Report Abuse

Improved its revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%

Posted by miomio > 2 months ago | Report Abuse

Useless stock..

Posted by Whiteevoque > 2 months ago | Report Abuse

Target 38-40 for wave 3

Posted by miomio > 2 months ago | Report Abuse

Whiteevoque.. 38c??🤣🤣🤣. 22 cents also cannot

Posted by Tripaka > 2 months ago | Report Abuse

No dividend announcement, price will continue to fall.

Posted by MZM2511 > 2 months ago | Report Abuse

Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023 has been paid on 26 March 2024.

Posted by MZM2511 > 2 months ago | Report Abuse

Sell on news mentality... He He He

Posted by Whiteevoque > 2 months ago | Report Abuse

Have to swing for wave 3. Cannot reach in few days ;)

Posted by Tripaka > 2 months ago | Report Abuse

Years maybe

Posted by miomio > 2 months ago | Report Abuse

The most super slow stock I’ve seen.. Everything is good but cannot go up.. I’m out..

Posted by MZM2511 > 2 months ago | Report Abuse

Nearer... Getting nearer for a party???? TAYOR

Posted by k3nthiew > 2 months ago | Report Abuse

Hot money not yet into furniture stocks, hold tight, the day for wegmans will come soon or later,

Posted by MZM2511 > 2 months ago | Report Abuse

Stabilising @19.5 - 20.5 sen....

Posted by Michael Kwok > 1 month ago | Report Abuse

Buy call wegman 20.5 cents
Tp 25 cents
Join me as follower or guide(paid)
Over 260 follower no good.
4/7/24 6.15pm

Posted by kritikos > 3 weeks ago | Report Abuse

Homeritz reported good results, supported by strong USD. by same extension, i reckon Wegmans shld be reporting good results in Aug too then?... majority of Wegmans sales are also in USD. and they export a lot to US market too. looking at the price chart.. price seems low now. downside shld be limited? assuming they can do RM15mln... it's only PE 7x...