As we can see from the result, overall result is decreasing compare to last year financial year, reduce about 56.2%. as we know year end quarter is the best profit time for pawn shop because of more spending on new year and malaysia currency drop & inflation increase. If they want business, that the good time to get, but what we notice is that the company performance decrease compare to last year more than 50%, this is a bad sign for this company. We may compare this company with PPJack, they make more profit in this quarter. Just my 2 sen opinion, always invest in Dragon head Company and second upper always have limitation. No offend to who buy this counter, i just sharing my point of view.
In semiconductors, China has captured 24% of the world's production and the US 10%. In NEV, China is first in production and domestic sales with a rising foreign sales sector. China is number one in ship building and it recently announced the construction of two nuclear powered aircraft carriers in addition to its growing production in destroyers, submarines, and exports of cargo/container/bulk carriers ships.
I like stocks that have high VOLUME in market, yet less noise in the forum. This tells that the market makers out there are WHALES and not ikan bilis who are very free to talk here. LOL~
Some selling by TAN CHAI SEONG (Chief Operating Officer) on 21 Mar 2024 of 1,160,000 shares (0.104% of Securities Transacted for (MYR) 587,400.00 (ave, RM0.506).
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.
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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....
Goldberg
2,916 posts
Posted by Goldberg > 2024-01-10 12:17 | Report Abuse
Accumulate before the catch up journey viz Papajacks begins.
TP Rm 0.88.