DANCO (5276) Overview - DANCOMECH HOLDINGS BERHAD

Albukhary

Are you sure this is related? Or are you just posting randomly?

So far we have not received any naming on the company that is under negotiation or acquisition under the name of "AK-Industries". The last check this company is founded and currently located in France. And apart from Indonesia and Malaysia, there has been no ongoing negotiations of acquisitions outside of these 2 countries in DANCO.

If you are meaning to discuss about its industries and similarity, it does have some resemblance towards UTC + MTL (but more of CNC portion only). Seems experienced but a young team of management too.

1 month ago

lonelybunney

So far pretty good

1 month ago

HengyuanZai

This is newly registered company, guess they selling electrical appliances lol.. shareholder is from hong kong

1 month ago

AK Industries now become AK47 d.
Very powerful.

1 month ago

Would you mind explaining, Albukhary, how does AK Industries link to DANCO?

So far we don't manage to see any connections here so help us out.

1 month ago

This AK industry? https://www.akindustries.com/

1 month ago

Don't think so. It's a HK based company established in 1977. Their nature of business seems to be related to trading of industrial & electrical products. To me this looks more like a trading company, in which I can relate that DANCO/MTL is establishing a trading relationship with HK, which is good.

But what I am really interested to find out, is what is the connection of AK Industrial Limited, to its ultimate shareholder, DANCO as well as who is their directors. Seems little to no visibility of the company based on my simple google search.

1 month ago

HengyuanZai

I think something more like EV related things..

1 month ago

or they might provide water treatment & sewerage services to data centers?

1 month ago

OptionOracle, I don't think DANCO provides water treatment / sewerage services. If any, they are providing the valves and pumps that are related. That said, again, I do not think DANCO has any direct correlation to Data Centre space. The closest that we have, at the moment, is UTC.

However, it does seem like DANCO is moving towards electrical components, manufacturing electrical appliances / parts, as well as electrical engineering. I won't be surprised if the incoming announcements would be related to acquisitions of E&E manufacturers or providers. Manufacturers would be more hard-components rather than semi-conductor related.

1 month ago

DG_Invests

hi foreverchung, just wanna ask r u looking into eca as well?

1 month ago

Hi DG_Invests, thank you for seeking my views. I've looked into ECA in the past before before 1Q 2023, where through proxy, attended AGM. Objectively, the company is looking at fluctuating business (during that period of time, considered as fluctuating as there is only historical + 3Q's). Was slightly concerned on how the management is tackling the issue of costs, however the balance sheet of the company looked relatively healthy.

But as the FY continues to 3Q/4Q, the fluctuation did not stop, but widened further to more than >50%, which is more than my personal liking for this industry (semi-con/EMS/ATE etc) while understanding its cyclics. This to my opinion, shows that the management is unable to confidently bring consistency to costs -leading to erosion of margin and to pursue bigger clients (top-down), on top of failing to identify emerging opportunities.

Of course, similar industry players faced such issues, however, ECA did not standup to the what we considered concentrated market here in Malaysia. With more and more players coming into fray, it really stands to be seen whether ECA will rise. Fundamental wise, ECA does possess high potential since its in a sunrise industry, but whether the management can guide it to higher profitability catching the trend, remains an issue. Their recent acquisition of land for expansion looks to be a positive growth for the company. However, if you look at the charts, market did not buy well enthusiastically into the news as evidenced within 5 days before and after announcement. Utilization rate seems to be of higher impact question at the moment.

On top of that, management wise, I did not appreciate the albeit bombastic and positive phrasing of the outlook by the management, the description of prospects was more ambiguous than I would have liked (as compared to tackling their problems).

Lastly, looking purely in technical terms, they do stand to benefit from the peer boom rather than of their own accord. Might be looking at challenging 0.495 with high breakout volume needed to break this. Personally, except for new announcements / rumors, I don't think it would happen without intervention of larger shareholders, as other peers might be more attractive. Since ECA does not promise dividend payout like DANCO, hence TA or pricing is more higher priority rather than staying and investing like for DANCO.

That's my opinion on ECA. I shall stop commenting on ECA on this page as this page is meant for DANCO. Should you have further inquiries you may PM me / quote me in ECA page. I will do my best to share what I can (but I have to mention, since I am not holding nor I do plan to hold ECA for investing purposes, I think I have shared most of my views here). Good day.

1 month ago

Thanks for your sharing, foreverchung. I will keep holding it😊

1 month ago

I hope 1 day DANCO can fly like Notion..
From RM0.40 all the way to RM2.30.
Can't imagine if one day DANCO share price reach RM2.30..

1 month ago

lcng123

Danco profit hit new high record every year

1 month ago

DG_Invests

thank you foreverchung, appreciate it alott~

1 month ago

thundery

Hope is hope, no doubt everyone thought it is good profitable, however regardless what, Market is always right and it always not as predictable like what we will think

1 month ago

I have that hope on Danco too, Albukhary. You are not alone

1 month ago

loneranger

Beside hoping, let's pray. Haha.

1 month ago

Well I can say everyone invest for different reasons and hold/buy/sell for different reasons. For myself, I am used to be a 'trader' mindset, easily manipulated by market sentiment. Everyday looking at news and hoping for some big news and big profit. But I realize that did not tally with the market that I am investing in. I am investing in FBM KLCI instead of US NASDAQ/DJONES; I am investing in companies that have low volume, which is susceptible to more volatile movements and less susceptible to news as the exposure is less.

So I cannot apply what I did to covid times, where daily trading based on rumors and TA alone is sufficient. I hold many stocks today, but only a few that I actively check on due to its potential burst of growths. DANCO, SPRITZER, RANHILL, NOTION, FOCUSP are some of few. Some had flew and TP has been done, some has been giving consistent dividends and some gave bonus issues. But all the same thing is that the company is profitable, and the management is at least somewhat willing to expand and improve by action, not just talks.

Maybe one day we will see a wind of change for BURSA when there is more volume that allows us to trade daily. But until then, daily trading for me will remain in FX.

For DANCO, I will be honest in saying that what I am not satisfied with, is the management's lack of proper communication of directions. They should hire a better IR to represent the company. Those that knows the company well enough can make an educated guess which direction this company is heading therefore willing to hold, dividends definitely make it worthwhile, but those who do not, will think that DANCO is stagnant.

Good luck all.

1 month ago

TopKey

very slow but within expectation

3 weeks ago

very steady and its dividend payout is steady as well

3 weeks ago

Danco will break throu 50 cents again

3 weeks ago

DANCO has restarted its engine.

TP1: 55sen
TP2: 78sen
TP3: 95sen

Estimated EPS for FY2024 should be 6sen
Q1 - 1.0sen
Q2 - 1.5sen
Q3 - 1.5sen
Q4 - 2.0sen

3 weeks ago

monetary

does danco have the expertise to do data center colling system?

3 weeks ago

I think no. They might work together with KJTS if they get the related project

3 weeks ago

SJNTFTNHHH

Price trend moved steady. Let wait for reverse uptrend again

2 weeks ago

DANCO has restarted its engine.

TP1: 55sen
TP2: 78sen
TP3: 95sen

Estimated EPS for FY2024 should be 6sen
Q1 - 1.0sen
Q2 - 1.5sen
Q3 - 1.5sen
Q4 - 2.0sen

1 week ago

lol, index went up so much this junk still sideway. So many other stocks rocket to the moon. junk remain as junk

1 week ago

loneranger

Hi, Roger, good to hear from you again. Haha.

1 week ago

The index fell today, and Roger lost money again 🤣

1 week ago

TopKey

danco dancing again

4 days ago

https://www.youtube.com/watch?v=ZAXlddgkoZA

3 days ago

https://www.youtube.com/watch?v=eE0wk1re0kQ

3 days ago

many stocks rebound strongly while this junk not even up 1 bid :D What a junk

3 days ago

roger3210, very soon this junk will reach to RM1.00.
There is not much undervalue counter in the market d.
For your own pride / ego, you can continue to call it junk.
But for your own pocket, you better buy some before it take off, because DANCO is deeply undervalue, its market cap only RM219mil, and it has at least RM110mil cash in bank account. Moreover, it is a profitable company, with physical asset such as plant & factory, machinery & equipment.
Under the MADANI government, Malaysia stock market sure will reach to a new high very soon. So DANCO definitely will go up one, if not this month, then it will be next month, or September'24.

3 days ago

it cant even perform when the market is good, so the only way for it to go is.. DOWN. so many other better options than this junk

3 days ago

You see it deeply value but market see it the opposite way, it could mean something rotten behind the scene which u r not aware of. the profit margin of the company has been dropping drastically, which means you need higher revenue in order to sustain a higher bottom line, unfortunately Danco is not a growing sector, in fact it is a saturated sector, lots of competitors around, so Danco is definitely not a good choice, but junk instead

3 days ago

roger3210 will get cooked when Danco shoots up

3 days ago

continue ur dream

2 days ago

be careful, insider is disposing this junk to naive retailer like u non stop

2 days ago

cbkia4896

I'm backkkk

2 days ago

cbkia4896

Let's gooooo

2 days ago

turning red soon

2 days ago

@roger3210, then you share with me which counter you think have bright future and upside?

2 days ago

simply pick one of those in play stocks from property / constrution leaders also can get 1 better than this junk

2 days ago

get ready, selling down kao kao soon, avalanche coming :D

2 days ago