1. listed sept 2023, x 2 mths ago. EMCC already have 27 pawn shops now, In Nov 23 aready bought 2 pawn shops, another 3 shops also started in feb 2024 in Temerloh, can see from EMCC facebook, with addition 5 shops is expected 20% growth of rev & profit coming q result. Further after IPO some fund already start use as working capital this will result in more loan give out & more profit!!. retail of gold is from auction of gold for those x able to pay interest which have to go for auction which is normaly lower than market price. this is different from poh kong & tomei which is selling new items, how to compare orange & apple?Compare PPjack which is same business with EMCC, PPjack 's pe around 39x, while EMCC with next current q x4 , PE is around 25x only, this still not factor in addtional 5 shops, new capital put in & gold price at new high!!!!, How far can EMCC go, u go & calculate!
Congratulations for Pajaking and Ar-Rahnu Cahaya on the successful grand opening of new branches in Temerloh! The dedication and commitment to expansion signify professionalism and drive for growth. Wishing Pajaking & Ar-Rahnu Cahaya the best of luck on this new venture, may it bring prosperity and success to the businesses.
Good information shared by limyauc from Philip Capital recommended Long term buy because its business Model is low risk, high return, resilience against business cycles and slightly better performance than PPJACK in the future due to EMCC robust anticipated growth in profits.
Y2022: PAPAJACK listing ipo, opens premium 30% first day. Y2023: EMCC seeks IPO, PAPAJACK shot up 300% on the news(30sens to rm1). EMCC IPO Debut premium at 30%.
Revenue to increase 30% to 50%, COST remaining the same. Profit and margin will increasingly shoot up, making the PE ratio of the stock low, this is how PPJACK double it price last year.
kjstk1234 Mandate for RRPTS is to let the directors have power to decide on certain transaction value of the company WITHOUT having to make announcement. For example anything below 1million, does not need an announcement. This is to reduce administrative works and redundancy.
GOLD PRICE is still at ALL TIME HIGH ZONE above $2300. Price has never broke $1900 before in 50 years. Impact: Revenue of Pawnshop surely will be BLOOMING!
LilasIkuta Well done, anything below 50sen collect more!
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newuser999
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Posted by newuser999 > 1 month ago | Report Abuse
27/3/24 - It's the first day for the major shareholder after 6 months since the IPO. Could usher in a major shareholder ticket.