ABLE GLOBAL BERHAD
KLSE (MYR): ABLEGLOB (7167)
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Last Price
1.94
Today's Change
+0.01 (0.52%)
Day's Change
1.89 - 1.96
Trading Volume
192,800
Meeting
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Discussions
16 people like this. Showing 50 of 7,379 comments
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
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
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
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
Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.
2 months ago
I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???
2 months ago
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
Someone must be hurt badly by serbak, that's y he think every company is running by conman
2 months ago
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
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
Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday
1 month ago
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
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
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
This counter meets RenYan investment criteria and is one of the main holding of him since N years ago
1 month ago
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.
2 weeks ago
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pang72
Wow! The boss like one by one?
How come Facebook spreading the one by one news?
2024-07-21 14:56