ECONFRAME BERHAD
KLSE (MYR): EFRAME (0227)
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Last Price
0.665
Today's Change
0.00 (0.00%)
Day's Change
0.655 - 0.67
Trading Volume
1,989,000
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
Be the first to like this. Showing 50 of 1,317 comments
Oops, my expectations were shattered ... Now we have to wait next month for it to break 70 cents
2 weeks ago
Warrant conversion continues ... I think we wait until the exercise is over and see ..
2 weeks ago
Econframe still have a huge local market share - catch the rebound before too late
2 weeks ago
Eframe price are bottoming & rdy for uptrend soon, all you need to do is collect a lil bit everyday
2 weeks ago
💢 Announcement
(I) INCORPORATION OF DUROE GLASS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ECONFRAME; AND
(II) PROPOSED ACQUISITION OF MACHINERIES AND MOTOR VEHICLES BY DUROE GLASS SDN. BHD. FROM SURIA KACA SDN. BHD., FOR A PURCHASE CONSIDERATION OF RM3,000,000.00 💢
2 weeks ago
💢 The Board of Directors of Econframe wishes to announce the Company had on 3 September 2024, incorporated a wholly-owned subsidiary, namely Duroe Glass Sdn. Bhd. (“Duroe Glass”). Simultaneous with the incorporation of Duroe Glass, the Company had through Duroe Glass entered into an Assets Purchase Agreement with Suria Kaca Sdn. Bhd. (“Suria Kaca” or the “Vendor”), for the acquisition of machineries and motor vehicles (“Assets”) for a purchase consideration of RM3,000,000.00, of which RM2,996,500.00 is to be satisfied in cash and the remaining RM3,500.00 shall be via the issuance and allotment of 3,500 new ordinary shares in the share capital of Duroe Glass (“Consideration Shares”) at an issue price of RM1.00 per Consideration Share to the Vendor’s appointed nominee, i.e. Mr. Sim Han Kai (“Mr. Sim”) (“Proposed Acquisition of Assets”).
In conjunction with the Proposed Acquisition of Assets, the Company had, on the same date, entered into a Shareholders’ Agreement with Mr. Sim, who is also the director and major shareholder of Suria Kaca, for the purpose of regulating their relationship with one another and to record the terms agreed between them to govern the management and operations in relation to Duroe Glass. 💢
2 weeks ago
wow, another acquisition for Econframe. Purchase price of Duroe Glass Sdn. Bhd is way more cheaper than ETA World
2 weeks ago
Glass and metal door frames will make the interior design more interesting and fancy 😀
2 weeks ago
ECONFRAME beli aset Suria Kaca bernilai RM3 juta
https://www.dagangnews.com/article/econframe-beli-aset-suria-kaca-bernilai-rm3-juta-40598
0 seconds ago
This few days market seem to have lesser traders around... as the volume remain pretty low in total... but luckily our econframe seem to have consistent trading in volume and people are queuing as well... 🤑
2 weeks ago
End of this month for the completion of buying assets of Suria Kaca and it will stop operating where by Mr SIm will join Econframe's Duroe Glass as director with 35% holding and parent company Econ hold 65%...
2 weeks ago
Thanks to Profit101 for the article sharings...
Just cant copy the sentence...?
2 weeks ago
Potensi yg besar utk mencantikkan reka bentuk dalaman. Perniagaan Eframe akan jadi lebih laku
1 week ago
BIMB expects robust property sector in 2025. Sound like a good news to Econframe too
https://theedgemalaysia.com/node/725286
1 week ago
👁🗨 With these developments, $EFRAME (0227.BMS)$ is clearly not standing still. It’s growing, acquiring, and positioning itself as a major player in the Malaysian building materials market. If you’re not looking at this company yet, you might want to start paying attention.
1 week ago
The Next Growth Chapter for Econframe Berhad [LorieGan wrote a post · Sep 4 20:58]
EFRAME has just taken a major step in strengthening its market presence and operational efficiency with a new corporate exercise. As a long-time investor in EFRAME, this latest news caught my attention.
Let’s dive into what’s happening and why it could be game-changing for the company.
A New Subsidiary and Asset Acquisition
EFRAME has incorporated a wholly-owned subsidiary, Duroe Glass Sdn Bhd, and has entered into an agreement to purchase machinery and motor vehicles from Suria Kaca Sdn Bhd for RM3 million.
This acquisition includes key machinery such as glass-cutting machines, glass tempering ovens, and several other critical equipment essential for glass processing. This move positions Econframe to bring glass processing in-house, marking a significant shift in how the company operates.
1 week ago
Moving Upstream
EFRAME already commands a solid 60% market share in the aluminium door frame market in Malaysia, particularly in the residential sector.
By acquiring machinery and setting up Duroe Glass, they’re not just focusing on door frames anymore; they’re expanding into glass processing, installation and trading. With this move, EFRAME is looking to offer more comprehensive solutions to the construction and building sectors. This could significantly boost its revenue streams and make it more competitive by offering more bundled services.
Let’s not forget EFRAME’s recent acquisition of Lee & Yong Aluminium Sdn Bhd, a company that specialises in facades for buildings and glass frames.
Combining Duroe Glass’s capabilities with Lee & Yong’s expertise is a masterstroke for Econframe. Together, these companies are expected to improve cost efficiency, as they no longer need to outsource their glass requirements, making them even more competitive in pricing for future projects.
1 week ago
Cost Control and Competitive Edge
One of the key takeaways from this acquisition is better cost control. Having the ability to produce their own glass products and install them means EFRAME will save significantly on outsourcing costs.
This will not only improve their margins but also provide more flexibility in pricing. With better control over their supply chain, Econframe can now offer more competitive pricing, which could open the door to new projects in both residential and commercial sectors.
What Does This Mean for Investors?
For me, this is a pretty exciting development. EFRAME is expanding both vertically and horizontally, moving from just door frames to becoming a more comprehensive player in the building materials industry.
This strategic move should help the company continue growing, both in terms of market share and profitability. At its current market price, this could be a great opportunity for investors looking for growth stocks in the construction and building materials sector.
With these developments, $EFRAME (0227.BMS)$ is clearly not standing still. It’s growing, acquiring, and positioning itself as a major player in the Malaysian building materials market. If you’re not looking at this company yet, you might want to start paying attention.
1 week ago
😍 Hope its not consider as spamming issue
If it really gets annoying - let me know ya... will not repeat the same copy paste issue
1 week ago
EFRAME quarterly revenue increased to RM24.94 million from RM19.59 million, mainly contributed by the LYA manufacturing segment. Play the long game with EFRAME
1 week ago
According to the National Property Information Centre's (Napic) Property Market 1H2024 Report, the total property transaction value stood at RM105.65 billion with 198,906 transactions during the first half. Door frame demand remains strong
https://www.nst.com.my/property/2024/09/1103643/malaysias-property-market-rebounds
1 week ago
Econframe has a 60.0% market share in the metal frame doors segment in Malaysia & will grow higher in 2024/2025 - just keep for long term 😎
1 week ago
Property developers more optimistic on 1H2025 than 2H2024, according to Real Estate and Housing Developers’ Association (Rehda) Malaysia
https://theedgemalaysia.com/node/726554
6 days ago
Eframe's window and door frame business will continue to thrive into next year
6 days ago
Econframe's stock price is currently in a consolidation trend (67.0 sen - 67.5 sen) but it is showing signs of breaking out (with RSI as a benchmark). We believe that Econframe is likely to challenge the key resistance level of 70.0 sen, followed by a further challenge at the 72.0 sen resistance point.
Support level: 67.0 sen - 67.5 sen
Resistance level: 70.0 sen - 72.5 sen
2 days ago
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