ABLEGLOB (7167): Quarterly Results for Last 10 Financial Years

lol..one by one news is old news 2022 oct..
but boss is helping that old man stand properly..

2024-07-22 23:01

suspected is who jealous boss business will success soon...
spread the fake rumor...

2024-07-22 23:02

haha..facebook is useless..all the page on facebook are fake page which anyone can get it if u paid...
haha..u can buy the page package depend on how many followers u want..

2024-07-22 23:08

利空不跌你們懂得哈哈

2024-07-23 00:08

xiaolongbao

why suddenly gt rumor? goreng soon?

2024-07-25 17:01

Of course goreng. this time goreng sampai hangus back to 1.40, bad news waiting to explode and limit down!!!! Don't say I never warn you all.

2024-07-25 20:18

Already told you all, this bloody counter is useless. Limit down coming. Those who heard my advice and sold at high prices, thank me.

2024-07-31 12:42

thank howardmark.. u so good..haha

2024-07-31 17:05

我喜欢这个forum，因为小丑一直有表演哈哈

2024-07-31 18:02

非常卖力的表演：）

2024-07-31 18:03

Don't play with fire, surely will get burnt. Sell the useless stock.

2024-08-01 15:02

Ha ha... Many kena trap at high prices again.

2024-08-02 13:21

Some people comments without brain, 99% of bursa share are drop, they thought only this share drop. 小丑连世界局势都不知道

2024-08-05 10:02

haha.. that why emc2gary, u just can earn from stock market..
we need more fool's blood money

2024-08-06 16:56

Bombastic result

2 months ago

Good profit, but price drop. Bulls kena trap again.😂🤣

2 months ago

Someone must be bought at 1.5 1.6 then cut loss at 1.1 1.0,then now price at 2 already he feel not balance, heart pain, become hatred to this stock, see drop 2 cents already very happy

2 months ago

So many stuck above RM 2.00. just waiting to cut loss when the price hit 1.80. you better sell before the blood bath starts.

2 months ago

That's why u always loss money in stock

2 months ago

Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.

2 months ago

Cockcroach

Howardmark. Stop bad-mouthing a good stock. Please move on.

2 months ago

donald770

Technically it is slow moving but patience will pay off.

2 months ago

I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???

2 months ago

Cockcroach

https://theedgemalaysia.com/node/705812
.Edge Weekly

Able Global eyes US market to optimise Mexican factory output

By Liew Jia Teng / The Edge Malaysia

2 months ago

I guess you haven't read the quarterly reports of profit/loss of the joint venture.

2 months ago

Cockcroach

Did read. There is no issue

2 months ago

Someone must be hurt badly by serbak, that's y he think every company is running by conman

2 months ago

donald770

I read the qr report again n there is no mention of the loss in the Mexican venture.

2 months ago

In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.

2 months ago

Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.

2 months ago

Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.

2 months ago

Mexican Peso to USD.

2 months ago

Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.

2 months ago

You may refer to Public Bank analyst report issued on 29th Aug.

Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.

2 months ago

Those who claimed to have read the results and said no issue or no mention of loss and accused me of badmouthing were trying to fool people into buying or holding this useless company stock while themselves quietly offloading their shares... Thankfully there are still some honest people around who admitted it's still a loss after so many years. By the way, do you guys notice the same song the management is playing regarding the land conversion, each quarter still the same old song, "still in process of conversion"...oh yea...the debt clock is ticking yo, and the bank interest is also ticking yo!!! Wake-up from the abracadabra hypnosis before it's too late to.... otherwise when one day you suddenly wake up, it will be tripple limit down, then you'll be a true long term investor until it goes to zero...just like the sad story of serbak. By the way I didn't have a single share nor loss a single cent in serbak coz I could sniff the hanky panky from a hundred miles away before the first bad news broke out!!

2 months ago

Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.

If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.

Have they really turned the corner?

2 months ago

Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.

2 months ago

Dead fish remains very dead. 💀☠💩

1 month ago

Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday

1 month ago

KPH5328

about 65% export market, import raw mat in USD, impact due to weakening USD should be minimum, anyone can shed some lights?
Expect better performance by JV as Mexico Peso against USD rebounds.

1 month ago

dead fish wants you to be dead together 💩💩

1 month ago

xiaolongbao

wait next result out

1 month ago

Everyday drops a bit... Boiling the frogs slowly...when the frogs realise that it's getting too hot, it would be too late to jump out.😂

1 month ago

Killing you all slowly slowly

1 month ago

dawchok

The boiling water consists of solid earning each year and good prospects of growth. It is about the investor’s financial capability to stay long enough for the final win with consistent Div yield higher than FD.

1 month ago

dawchok

This counter meets RenYan investment criteria and is one of the main holding of him since N years ago

1 month ago

Happyman123

is ableglob going to have another Bombastic QR result?

3 weeks ago