Posted by Waller > 2024-01-16 15:54 | Report Abuse

Time to accumulate more while it's traded below 90 cents 😉

https://www.thestar.com.my/business/business-news/2024/01/15/econframe-acquires-industrial-property-development-firm-for-rm56mil-to-diversify-business

Posted by BradonOoi > 2024-01-17 12:17 | Report Abuse

typical sell on good news. Q at 0.86 and see can match or not

Posted by FlashParadox > 2024-01-17 20:29 | Report Abuse

I guess you manage to get it at 86 cents today, BradonOoi. Don't worry, it will shoot up when it announces QR end of this month

Posted by Sawasdee Krab > 2024-01-18 11:46 | Report Abuse

Wow.. Volume Buying and Selling Sudden there sudden clear..?
Buy and Sell done so fast but Price not move..???

Posted by MarketNavigator > 2024-01-18 12:02 | Report Abuse

Having the exercise of warrant conversion today. So, it just experiences a transient price correction today

Posted by MarketNavigator > 2024-01-18 12:02 | Report Abuse

https://klse.i3investor.com/web/mktbzz/additional-detail/36406_366361846

Posted by Sawasdee Krab > 2024-01-18 12:27 | Report Abuse

Thanks for the clarification..

Posted by MarketNavigator > 22 minutes ago | Report Abuse

Having the exercise of warrant conversion today. So, it just experiences a transient price correction today

Posted by BradonOoi > 2024-01-18 15:15 | Report Abuse

@FlashParadox. Ya, I got some at 86 cents yesterday. My next averaging price would be 80 cents if it happened to hit that price

Posted by IdrakUsama > 2024-01-19 10:21 | Report Abuse

Berapakah perbelanjaan Eframe utk pemerolehan ETA World?

Posted by Ghazaar > 2024-01-19 10:41 | Report Abuse

Around Rm56 million. For the record, EFRAME will pay RM28.1mil in cash and the remaining RM27.9mil will be satisfied via the issuance and allotment of 30 million new ordinary shares at 93 cents per share

Posted by Sawasdee Krab > 2024-01-19 10:53 | Report Abuse

QR may be out anytime... Sui Sui lai lai

Posted by Ghazaar > 2024-01-19 15:52 | Report Abuse

forgot to mention, it will remain in its net-cash position even after the acquisition of ETA World

Posted by MarketNavigator > 2024-01-22 11:55 | Report Abuse

that's right, EFRAME has strong fundamentals. Btw, I collect some at 81.5 cents this morning 😋

Posted by Albukhary > 2024-01-22 12:03 | Report Abuse

Erm, just wondering where is the strong fundamental?

1) Market Cap is almost RM300mil, share price RM0.80sen ++
2) Net Profit is around RM3-4mil per quarter only
3) Revenue is RM20mil per quarter
4) NAT is RM0.25.

I mean, this is not a technology company, this is just a traditional company that doing Door Frame / Window Frame. The profit need to grow to RM10mil per quarter, then only justify its current share price of RM0.80.

It will be consider a good company if share price is around RM0.30-0.40, but at RM0.80 ++ is definitely overprice d. Unless they have something special agenda which we are not aware.

Posted by Waller > 2024-01-22 17:02 | Report Abuse

True, it's not a technology company and there are quite a lot of technology stocks in Bursa currently, whereas there are no peers of Eframe so far in Bursa. Needless to say, it continues to make profits every quarters and has more than 30% in GP margin & more than 10% in PAT margin for every quarter as well. If it's not strong in fundementals, I don't know what to say...

Posted by Ghazaar > 2024-01-22 17:24 | Report Abuse

Don't bother. Albukhary doesn't understand what 'strong fundamental' is. He likes the loss-making company one, like KNUSFOR

Posted by Popeye > 2024-01-22 18:38 | Report Abuse

DATO HOOI JIA HAO acquired 655,000 units on 18 Jan 2024 through open market
Total no of securities after change 38,413,800
Date of notice 22 Jan 2024

Posted by TradeTrendy > 2024-01-23 04:28 | Report Abuse

Brace yourself for strategic acquisitions! In 2023, EFRAME acquired Lee & Yong Aluminium Sdn Bhd (LYASB) and Trans United Sdn Bhd (TUSB), securing a 60% market share in Malaysia for aluminum door frames.

EFRAME recently shook things up by acquiring 70% of ETA World Sdn Bhd (ETAW) for RM56 million, venturing into construction services and property development.

This two strong point is good and strong to bring Eframe to a whole new level.

Posted by BradonOoi > 2024-01-23 10:56 | Report Abuse

Heard that LYASB will start contributing in 4th quarter of CY2023. So, Eframe will present excellent result in its Q1 FY2024

Posted by Popeye > 2024-01-23 11:12 | Report Abuse

By Business Times - October 24, 2023 @ 10:47am

LYA specialises in fabricating and installing aluminium glazing, glass products, and facade works that complement Econframe's existing business.

The acquisition comes with a net profit guarantee that LYA shall achieve not less than RM4.0 million annually for three years, from August 31, 2024, to August 31, 2026, and a minimum cumulative net profit of not less than RM12.0 million.
"Econframe is excited by the potential of LYA as we see strong synergies.

Posted by Popeye > 2024-01-23 11:20 | Report Abuse

The Edgemalaysia.com 15 Jan 2024, 09:17 pm

The group intends to fund the acquisition via a combination of cash and issuance of shares, of which RM28.1 million is to be satisfied in cash and the remaining RM27.9 million via the issuance and allotment of 30 million new ordinary shares in Econframe.

According to Econframe, the acquisition comes with a profit guarantee that ETA World shall achieve an audited profit after tax (PAT) of not less than RM10 million each year for three years, and a cumulative audited PAT of not less than RM30 million.

In tandem with the acquisition, the group also announced the proposed diversification of Econframe into construction services and property development, which includes the design, build and sale of industrial properties.

It highlighted that the proposed acquisition and diversification is expected to complete in the first half of 2024.

Posted by AlphaAnalyst > 2024-01-23 15:05 | Report Abuse

Good planning and Good Management company will bring eframe sky rocketing in the year of dragon. Out of just what we understanding of the company understand about the chart, is a slow growth chart, which unlike those company, just one day show or without any fundamental supporting. In this case, Can conclude that Eframe can go for long run.

Posted by AlphaAnalyst > 2024-01-23 15:06 | Report Abuse

Slow and steady will win the Race

Posted by IdrakUsama > 2024-01-23 16:29 | Report Abuse

Pegang dan tunggu ia menyampaikan kputusan yg cemerlang akhir bulan ni

Posted by stampid54 > 2024-01-23 18:09 | Report Abuse

Great acquisition of ETA World. I am confident that Eframe's financial performance is going to improve greatly in the future

Posted by RiskRoverExpert > 2024-01-24 03:00 | Report Abuse

Once break 0.90 everything will be spike like no tomorrow. Waiting for more intrest invstor come in only.

Posted by RiskRoverExpert > 2024-01-24 03:02 | Report Abuse

In additional construction stock if come back, there will be x2 time better than now

Posted by Ghazaar > 2024-01-24 12:24 | Report Abuse

That's true, especially with the robust activities in the property market, which will benefit Eframe for sure

Posted by MarketNavigator > 2024-01-24 21:42 | Report Abuse

Mahsing, Eco World, Matrix, etc. All these big developers are Econframe's clients. Strong customer base

Posted by gkent2000 > 2024-01-26 16:14 | Report Abuse

https://www.freemalaysiatoday.com/category/business/2024/01/23/property-market-set-to-stabilise-this-year/

Posted by gkent2000 > 2024-01-26 16:14 | Report Abuse

The Malaysian property market is expected to stabilise in 2024 despite economic uncertainties, with certain areas and submarkets positioned for more robust growth. Thereby, this counter will have robust growth as well

Posted by MarketNavigator > 2024-01-26 19:46 | Report Abuse

More order books can be expected this year from eframe then 😃

Posted by Waller > 2024-01-29 16:13 | Report Abuse

TP RM1.21 was given by Apex. Better accumulate it while it's still traded below RM1

Posted by IdrakUsama > 2024-01-29 17:21 | Report Abuse

QR akan datang. Pasti Econframe akan menyampaikan kptsan yg cemerlang

Posted by Popeye > 2024-01-29 19:06 | Report Abuse

1st Qtr - 30 Nov 2023
Revenue $27.185 mil
Profit $4.402 mil
Improving result 😍

Posted by Popeye > 2024-01-29 19:11 | Report Abuse

The Group recorded a revenue of RM27.19 million in 1Q 2024, representing an increase of RM10.32 million or 61% compared to RM16.87 million in 1Q 2023. The manufacturing segment witnessed higher revenue by RM7.81 million or 52%, mainly attributed to the revenue contribution from its recently acquired 65%-owned subsidiary, Lee & Yong Aluminium Sdn Bhd (“LYASB”). Excluding the revenue contribution from LYASB, the Group’s revenue would have increased by RM4.02 million or 24%.

Posted by Popeye > 2024-01-29 19:12 | Report Abuse

The Group recorded a profit before tax of RM6.38 million in 1Q 2024, almost doubled as compared to RM3.16 million in 1Q 2023. The increase in profit before tax was mainly attributed to the higher revenue recorded and improvement in the overall gross profit margins contribution. Excluding the contribution from LYASB, the Group’s profit before tax would have increased by RM1.83 million or 58%.

Posted by Popeye > 2024-01-29 19:13 | Report Abuse

Current quarter ended 30 November 2023 (“1Q 2024”) compared with immediate preceding quarter ended 31 August 2023 (“4Q 2023”)

The Group recorded an increase in revenue of RM6.17 million or 29% to RM27.19 million in 1Q 2024 as compared to RM21.02 million in 4Q 2023, mainly attributed to higher revenue from the manufacturing segment, driven by the contribution from LYASB. The Group recorded an increase in profit before tax of RM0.84 million or 15% in 1Q 2023, mainly attributed to the higher revenue recorded.

Posted by gohkimhock > 2024-01-29 19:15 | Report Abuse

results are within expectations. No good no bad. Keep up the good work and try working harder..

Posted by Popeye > 2024-01-29 19:15 | Report Abuse

@BradonOoi
You r right of LYASB contribute positively in current QTR.. Well said... 👍

Posted by BradonOoi > 2024-01-29 19:33 | Report Abuse

Great! Tomorrow we can see Eframe flying up for sure

Posted by Ghazaar > 2024-01-30 09:51 | Report Abuse

What a splendid QR the company has presented. Both revenue and net profits are breaking record highs 🔥🔥

Posted by Popeye > 2024-01-30 10:13 | Report Abuse

Can't stop myself for not sharing what I have gone thru on the news recently...
My Noob Bad 🤔

Posted by Popeye > 2024-01-30 10:15 | Report Abuse

Econframe’s 1Q net profit jumps 88.6% on higher revenue
By Choy Nyen Yiau / theedgemalaysia.com
29 Jan 2024, 08:52 pm

In a separate statement, Econframe’s group managing director Lim Chin Horng said the group had successfully secured several projects and enhanced its order book after the acquisition of Lee & Yong Aluminium.

“ETA World has an outstanding order book of RM165.5 million as of end-December 2023, giving it clear earnings visibility in the coming years. More importantly, the profit guarantee of ETA World would ultimately enhance and diversify our bottom line,” Lim said.

Posted by Popeye > 2024-01-30 11:07 | Report Abuse

Is it far better off if the company distribute some dividends for its value shareholders as acting as appreciation of confidence in its company's future undertakings and advancements...?
Growth stocks in acting by extra offering dividends in consistent manner over years will definitely enrich company long term profile in equity market...

Posted by FlashParadox > 2024-01-30 12:04 | Report Abuse

If you refer EFRAME's FY2022 and FY2023, its result in q1 is always underperformed one. In other words, its q2 and q3 result will definitely greater than q1 😉 Still got plenty of room for the company to grow

Posted by AmberAsset > 2024-01-30 17:06 | Report Abuse

wah good result, nice to buy & hold

Posted by MarketNavigator > 2024-01-30 17:09 | Report Abuse

The company's revenue and earnings surely will soar once ETA World starts contributing

Posted by N4rc0t > 2024-01-30 17:34 | Report Abuse

construction back on the menu, 2024 = econframe year

Posted by LuckyGuns > 2024-01-30 18:21 | Report Abuse

Guarantee 3 years profit from ETA world, feeling really bullish