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2017-04-01 21:43 | Report Abuse
Borneo Oil Bhd’s net profit for its fourth quarter ended Jan 31, 2017 (4QFY17) rose by more than fourfold to RM10.74 million from RM2.46 million a year earlier, despite a plunge in its revenue.
Revenue tumbled 83.8% to RM30.74 million from RM190.19 million in 4QFY16.
However, this was offset by higher other income, which improved from RM412,000 to RM14.43 million, as well as higher profit from operations, which rose to RM10.31 million from RM4.37 million a year ago.
Borneo Oil said that overall profit for 4QFY17 was mainly contributed by the fast food franchise, head office and property divisions.
For the full financial year (FY17), the group’s net profit more than tripled to RM47.42 million from RM11.13 million in FY16. Revenue fell 43% to RM159.52 million from RM279.96 million.
On outlook, Borneo Oil, which is also involved in the gold mining business, opined that gold prices will continue to remain strong despite the second hike in interest rate by the US Federal Reserve.
Meanwhile, it noted that its pilot heap leaching project is having some minor adjustments and delays mainly due to inclement weather, but barring unforeseen circumstances, it is estimated to start test runs within the next three months.
On its limestone mining activities, Borneo Oil said that the limestone block production division is “in full swing and will be a major bottom line contributor” to the group in 1QFY18.
As for the fast food franchise business, the new SugarBun Ltd grab-and-go concept under “Broasted by SugarBun” is ready to be launched in parts of peninsular Malaysia, Sabah, Singapore and Kalimantan in the next 12 months, based on a concept of a "one track mind food choice" low entry, fast returns and “empowerment of entrepreneurships”, it said.
On the other hand, the group’s first Biofraction plant — which will convert palm oil biomass to biochar, biofuel and biogas — will be ready for commercial test run in six months’ time. It said that the plant is presently being installed and will have a capacity of converting 25 tonnes of biomass a day.
2017-03-26 19:20 | Report Abuse
2centsense, I totally support what you are saying. At times these pro pump and dump writers are more a sourgrape and envious of the people whom have made money from the particular stock. Pump and dump is nothing new as the people know the risk they are taking.
2017-03-23 20:20 | Report Abuse
This BabyTA still a baby. Still drinking milk. Just ignore him. He goes to every forum and post the same thing whenever a counter goes up.
2017-03-23 11:49 | Report Abuse
Efficient vs Dataprep. Efficient is king but I didn't buy
2017-03-23 08:56 | Report Abuse
The moment you enter the stock market you are already a risk taker irregardless you are a low risk, moderate or high risk taker. Play at your own risk. Congratulations to those that made money and to those not just ensure you apply a cut loss strategy. Doesn't matter if this counter is pump and dump.
2017-03-23 08:41 | Report Abuse
Luster to do a private placement of 10% of its shares to raise RM27 million. This work out to be around 15.5sen per share.
2017-03-22 17:03 | Report Abuse
I think everyone should give constructive comments but not those that come in and pour cold water and with evil heart. Who doesn't want to make money. If all can be 100% cock sure then why need to work. At the end, win or lose is ownself.
2017-03-22 16:48 | Report Abuse
I have exited and see tomorrow. From now is in and out same day. Enough profits to cover for intraday losses
2017-03-22 16:43 | Report Abuse
But take caution now. Unless can hold long term
2017-03-22 16:38 | Report Abuse
Where are those who said price will fall like falling knife. Ha..ha..
2017-03-22 09:37 | Report Abuse
Who cares pump and dump. As long we ride along the wave and exit fast
2017-03-20 09:46 | Report Abuse
Use money to buy lar if designated
2017-03-19 15:36 | Report Abuse
Mudajaya problem is gas supply issue. Jaks doesn't have this problem. Coal contract already secured. The issue to weigh is whether the power plant can constructed within the 3.5 years constuction period with no big coat overruns.
2017-03-19 15:32 | Report Abuse
Newbie66. This is privatisation and Vietnam is drawing in foreign investment. I also work with another Malaysia company that will build an IPP in Vietnam. Similar size with Jaks. The tariff is reasonable and profitable enough. 6 years development period to pursue an IPP in a foreign county is reasonable. YTL case in Malaysia then was a fastrack with very very good tariff, otherwise financial institutions wouldn't lend their money even with good balance sheet of the promoter. Back then the banks also provide equity funding not like now. Witg the IPP Jaks can be assured of a steady stream of cashflow after debt service. Of course the other thing to consider is whether Jaks management can be on pat with YTL. Nevertheless with this development Jaks is a good buy for now. So don't point and finger at KYY.
2017-03-17 22:30 | Report Abuse
It has been very long time seeing penny stock like Dataprep up double digits on a single day.
2017-03-17 22:27 | Report Abuse
Technically PTB is on uptrend. Next week should pass 30sen
2017-03-17 17:32 | Report Abuse
PTB also delicious mah!!. Slow and steady
2017-03-17 16:54 | Report Abuse
Good luck to all on Dataprep. Suggest you guys exit first and see how on Monday
2017-03-17 16:00 | Report Abuse
I bought into Dataprep this morning after reading the analysis by Bones. I am not his or her follower but his analysis on this counter made sense.
2017-03-17 15:57 | Report Abuse
Try not to play contra. There is nothing as sound investment advice but do check the company background and it's financial performance.
2017-03-17 15:41 | Report Abuse
Bornoil rubbish??? I am in the money. So is ok to hold on for another month and see
2017-03-17 15:35 | Report Abuse
How I wish PUC and Bornoil can run like this
2017-03-17 15:31 | Report Abuse
Anyway a good one day trading profit. 14k profit within 1 hour.
2017-03-17 15:29 | Report Abuse
Whenever a stock is up there are some very envious people around to pour cold water.
2017-03-17 15:24 | Report Abuse
After 4pm and if cannot hit limit up then better exit
2017-03-17 15:07 | Report Abuse
Luckily follow Bone recommendation this morning. Enter at 30sen
2017-03-14 09:27 | Report Abuse
Those who bought yesterday will be crying and those who didn't jump into the bandwagon will have sign of relief. This is the cruelty of the stock market. Like the casinos, bankers always win.
2017-03-14 09:14 | Report Abuse
Bornoil bornoil. Fundamental never go wrong
2017-04-04 17:43 | Report Abuse
This guy from SERC is talking cock. Malaysia wage growth is insignificant. The wages increase in not keeping pace with real inflation. There will be no additional disposal income arising from wage growth. The current high inflation is cost push (more due to weakening Ringgit) and not demand pull. I hate people talking nonsense.