PT RESOURCES HOLDINGS BERHAD

KLSE (MYR): PTRB (0260)

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Last Price

0.52

Today's Change

0.00 (0.00%)

Day's Change

0.515 - 0.525

Trading Volume

814,600


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1,261 comment(s). Last comment by Income 2 days ago

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-02 20:47 | Report Abuse

Further to the Company's announcement made on 27 February 2023 pertaining to the MOU entered into between PT Resources and Ocean Exchange to establish cooperation between PT Resources and Ocean Exchange for the joint development of the Malaysia East Coast International Supply Chain Intelligent Park, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.


This announcement is dated 30 June 2023.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-02 20:51 | Report Abuse

trader808
trader808 | Joined since 2019-12-09

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Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-02 20:53 | Report Abuse

Hoho no worries, let’s see can break Resistance at Rm 0.57 after Major shareholder sold shares on 28/6/2023 .

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 08:26 | Report Abuse

Hoho no worries, Elder blower Pang7 n his younger blower Income can blow it stand High , don’t not U Turn so fast le , as Income posted FIFO ( his term : Fast in Fast Out ) ..no wander posted Wif is ran away with Musang ?? Betul ke Pang ???

Felix888

3,351 posts

Posted by Felix888 > 2023-07-03 09:09 | Report Abuse

Sell on news, typical KLSE behavior.

sonyx123

640 posts

Posted by sonyx123 > 2023-07-03 09:35 | Report Abuse

ridiculous. such results and still dropping ?

Posted by StartOfTheBull > 2023-07-03 09:49 | Report Abuse

Typical traders, at usual, sell on news. 😁

smallrail

144 posts

Posted by smallrail > 2023-07-03 09:52 | Report Abuse

That why when you see those ppl comment Monday Limit Up all is rubbish team.

curiousq

751 posts

Posted by curiousq > 2023-07-03 10:05 | Report Abuse

OMG!! sell on news !!

Zek777

91 posts

Posted by Zek777 > 2023-07-03 10:19 | Report Abuse

retrace time

Posted by EatCoconutCanWin > 2023-07-03 11:06 | Report Abuse

Buy in. Impossible to drop, earn so much

pang72

47,301 posts

Posted by pang72 > 2023-07-03 12:01 | Report Abuse

The great moments for adding more cheap tickets.
God is fair to investors

pang72

47,301 posts

Posted by pang72 > 2023-07-03 12:03 | Report Abuse

I am practising calm patient slow. I need to return to old days.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 12:16 | Report Abuse

Hoho then why so Fast U Turn in AAX and HRC , in a Day n 2 Day . Hahahaha.

Like your younger sibling blower Income said FIFO in Insaf !!

Posted by StartOfTheBull > 2023-07-03 12:44 | Report Abuse

There is a no U-turn sign at the next traffic light junction.😁😁😁

Zek777

91 posts

Posted by Zek777 > 2023-07-03 15:21 | Report Abuse

will not coming soon

pang72

47,301 posts

Posted by pang72 > 2023-07-03 15:25 | Report Abuse

I sit to see how low you can go

pang72

47,301 posts

Posted by pang72 > 2023-07-03 15:26 | Report Abuse

36c for 52 weeks low..
Let's be another 36c...

Posted by StartOfTheBull > 2023-07-03 15:41 | Report Abuse

If 45c everyone cabut already.

Posted by BursaVulture > 2023-07-03 16:17 | Report Abuse

good profit still drop, director somemore sell before qr. too lazy to read the report, anyone care to explain?

wakarimas

1,043 posts

Posted by wakarimas > 2023-07-03 18:30 | Report Abuse

director already sell before qr, dangerous lo..... trade and receivable damn high.......takut

Posted by BursaVulture > 2023-07-03 18:47 | Report Abuse

went up 3x compared to last year, this is crazy. RM127m Trade receivables. Negative cash flows from operating activities. Am learning how to read the financial report, correct me if I am wrong, impairment of trade receivables at RM86,043,000?

pang72

47,301 posts

Posted by pang72 > 2023-07-03 19:18 | Report Abuse

Shit! Miss out the negative cash flow...and balloon trade receive..

No wonder keep dropping after Fake Good QR

Felix888

3,351 posts

Posted by Felix888 > 2023-07-03 20:24 | Report Abuse

Hahaha old cat burning beard☝

Posted by StartOfTheBull > 2023-07-03 21:26 | Report Abuse

Now only they know, xi leiu.

pang72

47,301 posts

Posted by pang72 > 2023-07-03 21:31 | Report Abuse

Good learning good burning..
Move on

curiousq

751 posts

Posted by curiousq > 2023-07-04 08:44 | Report Abuse

OMG!! receivable swelling from 3.5m to 86m? 20x ++?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-04 08:51 |

Post removed.Why?

stockraider

31,553 posts

Posted by stockraider > 2023-07-04 13:17 | Report Abuse

U sell more of course u get bigger receivable b4 u manage to collect loh!

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-04 17:05 |

Post removed.Why?

Posted by BursaVulture > 2023-07-04 21:22 | Report Abuse

@stockraider

Trade receivable almost as large as 1 quarter of revenue. Logic?

Posted by ITreeinvestor > 2023-07-07 09:02 | Report Abuse

Trade receivable almost as large as 1 quarter of revenue. Logic?
Especially the receivable is from China.

Noni

661 posts

Posted by Noni > 2023-07-07 09:24 | Report Abuse

Don't worry. Datuk Calvin going to support this stock back to 0.60

curiousq

751 posts

Posted by curiousq > 2023-07-07 09:30 | Report Abuse

OMG!! below 50 again, he keep on disposing since QR

cytew

1,575 posts

Posted by cytew > 2023-07-07 10:28 | Report Abuse

fishy !

Phoebe

405 posts

Posted by Phoebe > 2023-07-07 13:30 | Report Abuse

China is said to be shunning away seafood purchase from Japan if Japan decide to release the treated Fukushima power plant radioactive water into the sea. If that happen, China will need to buy from elsewhere. Could Malaysia supplies be increase due to this?

trader808

285 posts

Posted by trader808 > 2023-07-07 21:24 | Report Abuse

1. PTR has just announced its 4Q financial result. Upon closer examination and scrutiny, one would notice that the accounts receivable of PTR has horrendously escalated from 43.1m to 127.1m

2. The company recorded a revenue of 501m. Therefore the Accounts Receivable Collection Period is [127 / 501] x 365 days is 92 days

3. In general any company would aspire to collect its payment as quickly as possible. Competitively a 30-day collection period would be desirous. 45 days barely acceptable. 60 days unthinkable and 90 days suicidal

4. The fact that PTR collects its payment 92 days after its delivery reflects poor credit control and inefficiency. If the condition is allowed to prolong and remain unresolved, it would have disastrous impact on cash flow and working capital. In addition, the provision for bad debts and potential write off is realistically expected in the future.

5. Already, despite its remarkable and commendable profit performance of 18.6m, PTR regrettably generated a negative cash flow of 10.8m

6. Hence, it is not entirely wrong to say PTR has a loose credit control policy and an
inefficient and tidak apa attitude in its collection effort

7. It would be more damaging if the exceptionally long collection period is coming from bad customers in a cash trap situation arising from PTR's hot pursuit of revenue growth and geographical expansion into China.

8. The accounts receivable has ballooned and the minority shareholders are alarmingly concern. More stringent credit control and collection effort is highly appreciated
Happy trading
7/7/23

Huangbk72

4,742 posts

Posted by Huangbk72 > 2023-07-08 07:45 | Report Abuse

My friend.. seafood export business is on payment before clearance basis or LC. 100%

Only local sales has credit term. Do you think local sales can get that quantum of receivable?

Next up, China seafood price has dropped over 15% in value for Malaysia seafood species. Still coming down.

trader808

285 posts

Posted by trader808 > 2023-07-08 09:46 | Report Abuse

1. Noted your dissenting view yet polite and friendly in nature.
Allowed me to express further. The fact that PT has accounts receivables that has ballooned from 41m to 127m clearly indicated that to a significant extent a considerably huge portion of the sales were done on credit term.

2.My belief is further supported by the notes to the accounts in the company's performance review.

3. According to its notes to the accounting on performance review
B1.(i) there is an increase in domestic demand by Rm10.1m and
B1.(ii) there is an increase in overseas demand by Rm62.5m or 215.1% which was mainly attributed to the increase in orders by existing customers in China following the gradual re- opening of China's borders.

3. In the final quarter, revenue has increased by 10.1 + 62.5 is Rm72.6m
4 And accounts receivable has increased from 41m to 127m that is Rm86m

5 This illustration with all the numbers extracted from PTB accounts evidently demonstrated that sale are done on credit term.

6. The numbers are alarming. The management knew it. And they probably might have formulated strategy and policy to rectify and improve the sales collection.

6. All the best and happy trading
8/7/23

bingoman

254 posts

Posted by bingoman > 2023-07-08 09:51 | Report Abuse

big boss keep dispose. not a good sign.

cytew

1,575 posts

Posted by cytew > 2023-07-08 17:47 | Report Abuse

Many investors are unloading heavily, because they are not comfortable with the shot-up of account receivable amount, and also the +ve cash flow phenomenon, they think the situation is a bit similar to early days of Serbak dinamik that increased account receivable was in tandem with Revenue increased and deteriorating cash flow

Chia hs

37 posts

Posted by Chia hs > 2023-07-10 09:11 | Report Abuse

imho Food supply/export business - audit factory production rate, custom export My/Import Chn can get info lor...vs Serbadk - project base AR (hmm bit hard)

Primeinvestor

1,454 posts

Posted by Primeinvestor > 2023-07-10 10:20 | Report Abuse

thank you cytew for scaring investors! before results say very good, after results say bad like serba, damn good in spinning, zz

cytew

1,575 posts

Posted by cytew > 2023-07-10 10:26 | Report Abuse

prime investor, be patient and wait and see first.

cytew

1,575 posts

Posted by cytew > 2023-07-10 10:43 | Report Abuse

resignation of CFO make me more suspicious on its account prudency

Posted by keluarpattern > 2023-07-10 10:51 | Report Abuse

bcoz bursa many con man, its safe better than take risk

Posted by keluarpattern > 2023-07-10 10:53 | Report Abuse

what @cytew do is correct, later boss keluar pattern lagi

calm88

12 posts

Posted by calm88 > 2023-07-10 12:12 | Report Abuse

This counter is dangerous
1) Receiveable shoot up
2) director and management never answer email and call to Kuantan and Kl offices
3) Accountant Ong Wen Qin and the old company secretary resigned
4) New accountant 28 years old also young, easy to "handle", possibly lack of society experience... ...

share4u888

101 posts

Posted by share4u888 > 2023-07-10 12:50 | Report Abuse

might as well invest in other safe company....

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