Newmaster

TP may go above 50 this round, just be a little patient

2021-05-06 10:16

sujibaby

DPS (7198): From furniture maker to a potential property player - Sujibaby

https://klse.i3investor.com/blogs/sujibaby_yongtai/2021-06-16-story-h1...

2021-06-16 13:58

Shawn Ng

50 cents for this stock ... Remember those coming on the pending orders to be deliver

2021-07-06 12:08

Kingston1

0.50 or 0.05 cents? very much speculating

2021-07-26 15:24

hoot9e996

whats going on with warrant

2021-07-26 15:57

Shinju_Nosuke

Mother up..son down…mother down..son super down… so weird…

2021-07-26 16:09

Frankie Tay

Public Bank Target Price is RM 0.42, can buy or not, any master here?

2021-10-01 20:35

tom33tan

don't miss the rocket..

2021-10-02 23:12

Shinju_Nosuke

Mayday mayday…rocket down..rocket down…

2021-10-04 14:35

RRWin89

back to rsi 50. accumulation phase. slow n steady win the race

2021-10-10 08:58

RRWin89

silent night, holy night....

2021-10-21 10:15

EatCoconutCanWin

What happened to this ipo. Below IPO price 0.25. can buy?

2021-12-28 09:46

Will188

Silent is when the operator accumulating

2022-01-17 21:23

Will188

Let's see the querterly result.

2022-01-17 21:24

blockofstone

tomorrow flyyyy...

2022-05-12 14:52

Linus168

Why tomorrow fly?

2022-05-12 21:19

imvu

-wc gap up limit up ?

2022-05-13 07:17

Legend

Cantik...

2022-05-25 11:44

Legend

Wow sudah ada gaji...haha

2022-05-27 15:37

KPH5328

Prospect: The higher US furniture sales were driven by the Covid-19 recovery stimulus and high demand following the lockdowns. Although purchase orders particularly from US customers remain strong, going forward we expect the continuous inflationary pressures may somewhat dampen demand.
Nevertheless, the ongoing trade war between the United States and China, the Russia-Ukraine
conflict and the resulting sanctions have driven importers to secure their sources of supply from SEA countries, including Malaysia

2022-08-24 22:15

Jaeger

Someone buying lots of wb.

2023-06-16 06:10

adikkici

FA good, technical good but volume very sedih

2023-06-28 09:22

tok_jeff

boodo punya kaunter

2023-06-30 16:08

Kim

Watch to goreng WC & WB =)

2023-09-27 11:49

Kim

Get ready fly to North Korea =)

2023-09-27 12:01

Kim

WB only daredevil can see =)

2023-09-27 12:02

ktrader

Already in WC

2023-09-28 11:18

195410

Wake up Wegmans

2023-10-14 23:50

Za1234

y????................anak/ wc naik banyak ni????

2023-11-07 16:19

MZM2511

QR1 2024 announcement @ the end of this month... Hope for a good results...

2024-05-08 21:35

$$ BUYSELL $$

soon will play

2024-05-16 08:59

Tripaka

Planted

2024-05-20 16:05

miomio

Lousy stock.. Export going up but this stock stagnant

2024-05-21 17:11

Tripaka

Planted again

2024-05-23 15:22

MZM2511

Improved its revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%

2024-05-28 20:11

miomio

Useless stock..

2024-05-29 10:49

Whiteevoque

Target 38-40 for wave 3

2024-05-30 06:57

miomio

Whiteevoque.. 38c??🤣🤣🤣. 22 cents also cannot

2024-05-30 16:05

Tripaka

No dividend announcement, price will continue to fall.

2024-05-30 19:58

MZM2511

Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023 has been paid on 26 March 2024.

2024-05-30 22:10

MZM2511

Sell on news mentality... He He He

2024-05-30 22:14

Whiteevoque

Have to swing for wave 3. Cannot reach in few days ;)

2024-06-05 07:11

Tripaka

Years maybe

2024-06-05 23:38

miomio

The most super slow stock I’ve seen.. Everything is good but cannot go up.. I’m out..

2024-06-12 11:42

MZM2511

Nearer... Getting nearer for a party???? TAYOR

2024-06-13 18:57

k3nthiew

Hot money not yet into furniture stocks, hold tight, the day for wegmans will come soon or later,

2024-06-14 09:06

MZM2511

Stabilising @19.5 - 20.5 sen....

2024-06-19 22:28

Michael Kwok

Post removed.Why?

2024-07-04 18:12

kritikos

Homeritz reported good results, supported by strong USD. by same extension, i reckon Wegmans shld be reporting good results in Aug too then?... majority of Wegmans sales are also in USD. and they export a lot to US market too. looking at the price chart.. price seems low now. downside shld be limited? assuming they can do RM15mln... it's only PE 7x...

2024-07-29 22:24

MZM2511

Base on my BRIEF study on the QR2 2024 (The latest QR) of Wegmans:

(Note: A comparative figures from QR1 2024 included)


A: Revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
22,223K 2,206K 1,553K 0.28sen 24sen Down 63% Down 57%

B: Sitting on positive reserve / Retained profits of RM85,299,000. It means, the company is a profitable company.

C: Has a moderate cash and cash equivalents of RM 18,387,000.

D. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.

E. Dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.


THE FINDINGS:

1. NTA 24 sen _ , QR1 2024 @ 24 sen.
2. NOSH 550.54 mil _ , QR1 2024 @ 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR1 2024 @ RM 68,155,000
Treasury shares (RM 94,000) _ , QR1 2024 @ (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR1 2024 @ (RM 22,100,000)
Retained profits RM 85,299,000 _ , QR1 2024 @ RM 83,746,000
Equity Attributable To Owners Of The Company RM 129,707,000 _ , QR1 2024 - RM 128,206,000
Non-Controlling Interest RM 1,621,000 _ , QR1 2024 @ (RM 1,575,000)
TOTAL EQUITY RM 132,881,000 _ , QR1 2024 @ RM 131,282,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 18,387,000 _ , QR1 2024 @ RM RM18,243,000

5. Assets:
Current Assets RM 69,307,000 _ , QR1 2024 @ RM 70,774,000
Non-current Assets RM 113,923 _ , QR1 2024 @ RM 115,238,000
TOTAL ASSETS RM 183,230 _ , QR1 2024 @ RM 186,012,000

6. Liabilities:
Current Liabilities RM 21,879,000 _ , QR1 2024 @ RM 24,555,000
Non-current liabilities RM 28,470,000 _ , QR1 2024 @ RM 30,175,000
TOTAL LIABILITIES RM 50,349,000 _ , QR1 2024 @ RM 54,730,000

7. QR2 2024 results
- Revenue RM 22,223,000 _ , QR1 2024 @ RM 34,700,000
- Profit before tax /(loss) RM 2,206,000 _ , QR1 2024 @ RM 5,572,000
- Net profit/ (Net loss) RM 1,553,000 _ , QR1 2024 @ RM 4,282,000


Note 1:

For the current financial quarter ended 30 June 2024, the Group’s revenue has decreased by RM12.48 million or 35.96% to approximately RM22.22 million as compared to approximately RM34.70 million in the preceding financial quarter ended 31 March 2024. The lower revenue was mainly attributed to the lower sales volume from North and South America.

The Group registered a profit before tax of approximately RM2.21 million for the current financial quarter ended 30 June 2024 as compared to a profit before tax of approximately RM5.57 million for the preceding financial quarter ended 31 March 2024. The lower profit before tax was mainly due to the lower revenue generated.


Note 2: Prospects

The Group confronts global economic uncertainties, increased production costs, and foreign currency fluctuations. However, the strengthening of United States Dollar (“USD”) against Ringgit Malaysia is expected to offset the negative impacts as majority of the Group's revenue are denominated in USD.

Despite the challenging global economic outlook, the Board will regularly review the performance and progress of the Group’s operations and financial performance as well as introduce measures to minimise our operating costs.

The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

2 months ago