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

Bombastic result

2024-08-28 19:25

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

2024-08-29 18:48

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

2024-08-29 20:51

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.

2024-08-29 21:08

That's why u always loss money in stock

2024-08-30 05:22

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

2024-09-01 15:35

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

2024-09-01 18:05

donald770

Technically it is slow moving but patience will pay off.

2024-09-02 06:01

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

2024-09-02 08:57

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

Able Global eyes US market to optimise Mexican factory output

By Liew Jia Teng / The Edge Malaysia

2024-09-03 06:10

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

2024-09-03 08:35

Did read. There is no issue

2024-09-03 09:05

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

2024-09-03 10:23

donald770

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

2024-09-03 17:37

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.

2024-09-04 16:05

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

2024-09-04 22:06

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.

2024-09-04 23:31

Mexican Peso to USD.

2024-09-05 17:16

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

2024-09-05 18:55

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.

2024-09-05 19:25

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?

2024-09-05 21:31

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

2024-09-06 08:43

Dead fish remains very dead. 💀☠💩

2024-09-25 20:28

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

2 months 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.

2 months ago

dead fish wants you to be dead together 💩💩

2 months ago

xiaolongbao

wait next result out

2 months 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.😂

2 months ago

Killing you all slowly slowly

2 months ago

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.

2 months ago

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

2 months ago

Happyman123

is ableglob going to have another Bombastic QR result?

1 month ago

keep dreaming 🤧☠💩

1 month ago

KPH5328

Exporters esp tech jump due to USD strengthening, about 65% revenue of Ableglob is export, no benefit? Current share price weakness due to DT will hike 25% of Mexico goods?
Mex JV reported 1.8mil in Q4 2023, only quarter reported profit in past 1 year.

1 month ago

Trump is to impose 25% tariff on products from Canada and Mexico, this will affect sales of AbleGlob Mexico to US. Since this is a quiet counter, I guess there will not be an obvious knee jerk on share price. However I opine this will inevitably affect the growth trajectory of AbleGlob.

4 weeks ago

Relief that AbleGlob released another qtr result with growth again. NP +9.4%. 2 cts div. EPS 5.77cts. Great job, Johortin!!!

3 weeks ago

Yes!!! Well done

3 weeks ago

spectre007

Another solid quarter

3 weeks ago

KPH5328

solid result even incur forex loss of 4.1mil, 0.95mil is unrealized while Mex JV still at loss.
Core profit 21.9mil.

3 weeks ago

Good move. Ganbatte ku da sai !!!

3 weeks ago

Should the new tariff(25%) on Mexico be implemented, we believe the impact on the group's earnings will remain minimal, as we understand that exports to the US from Mexico account for 10-15% of its sales.

3 weeks ago

AGB's Mexico operations continue to post losses due to unrealised forex losses. The keywords are "unrealised forex loss". Yet NP grows by 9.4%.

3 weeks ago

Outperform call with a higher SOTP-based TP of RM2.65,

3 weeks ago

you all keep dreaming...💩💀☠️

1 week ago

Dream never come true in this counter. ☠️💀

1 week ago

kimpeng

after a few rounds of buy and sell
now my average price is around rm1.05

1 week ago

my average is 1.09, acquired in Feb-May2020.

6 days ago

No more steam, all FOMOs kena trapped at high prices yet again. this counter will give you maximum pain for holding its stock. 2.20, not selling, 2.1, 2.0, 1.9... down down down, pain pain and more pain.☠️⚰️🪦

4 days ago