Size Does Matter : Top Glove Vs Hartalega

Top Glove's market capitalization will be bigger than Hartalega soon. I tell you WHY this historical moment will happen soon (20% upside).

Capacity is changing the landscape of Glove League.
Currently, Hartalega is bigger than Top Glove in term of market capitalization. The long standing league ranking will change soon. Why? Top Glove Mkt Cap RM26B Vs Hartalega Mkt Cap RM31B : My view is Top Gloves Berhad should commands higher market capitalization than Hartalega based on production capacity of gloves. Market shortage and long order lead time, all capacity will be fully utilised to generate profit. Order now, deliver 10 months later and staging price increase month by month from 5% to 10%. All these will boost profitability.

Top Glove 84 Billion Vs Hartalega 43.7Billion (2020), Top Glove production capacity is higher than Hartalega by aporoxinately 48%. This was a a brilliant foresight by TS Lim Wer Chai "Bold Move Rapid Expansion Plan FY2019 to 2021> GIANT STEP" to create another Hartalega alike capacity within Top Glove within a short span of 3 years. Can you imagine that ?? [By 2021 Top Glove 91 Billion Vs Hartalega 49 Billion].

Fair value : Top Glove should easily command 30% higher market capitalization as compare to Hartalega anytime from now as all capacity will generate decent profit. As mentioned by WHO Chief Scientist yesterday, Covid 19 will be taking 3 to 5 years to control it, the glove manufacturers should benefit handsomely from this virus. Good luck to All.

By 2021 Top Glove market capital will be bigger than Hartalega at least 30% to 50% based on gloves production capacity of approximately 90 Billion Vs 50 Billion per annum.

RHB upgrade Target Price to RM13.30

新冠肺炎刺激需求 兴业上调顶级手套目标价至13.30令吉
TheEdge Thu, May 14, 2020 12:27pm - 3 hours ago


（吉隆坡14日讯）鉴于新冠肺炎疫情导致手套需求激增，兴业研究维持给予顶级手套（Top Glove Corp Bhd）的“买入”评级，并把目标价上调至13.30令吉（之前为7.01令吉）。

兴业研究分析员Alan Lim预计，顶级手套将录得强劲财务业绩，且在四个积极因素推动下，第三季业绩（2020财年第三季）将按季暴增85%，达到2亿1500万令吉。

他指出，这些因素包括手套平均售价上升（受供需紧张影响）、销量按季强劲增长、有利的外汇和原料价格下跌。

Lim还强调，平均售价上升对盈利的影响非常大，因为它直接流入公司的净利。

他还表示，由于需求异常旺盛，顶级手套的交货周期已飙升至近一年，远高于正常的1至1.5个月。

“厂房使用率高达97%，新冠肺炎之前的正常水平为80%至85%。”

因此，顶级手套的未来本益比估值很有可能突破新高。

他解释说，他给予顶级手套13.30令吉目标价是保守预测，因为这是基于2021财年收益预测34.9倍本益比，仍低于40.9倍峰值本益比预测。

尽管如此，考量到平均售价及销量增加，Lim把2020财年至2022财年收益预测上调48%至86%。

Lim强调，从长远来看，顶级手套是全球手套消费长期上升趋势的受益者，即使没有新冠肺炎，全球手套消费每年增长8%至10%。

截至早上10时51分，顶级手套扬8.06%或75仙，至10.06令吉，市值达258亿令吉。

英文星报转型危机中还有＂三斤铁＂吗？
25/04/2020
人世界传统报业都面对困境，虽说新闻不死，只是很喘，但是报业集团都在苦苦支撑，大马交易所原本有4家媒体上市公司，2家仍有钱赚，1家亏损连连，1家已关门大吉。

首要媒体（MEDIA）是亏钱公司，英文星报（STAR）和世华媒体（MEDIAC）仍有钱赚，但和过去的辉煌日子相比，有如云泥之别。

好日子时，星报盈利是亿为单元，世华媒体也不逊色，如今，盈利破千万算是＂非常好，一般情况只能以百万令吉为单位。

上周，THE EDGE旗下出版了13年的英文日报《THE EDGE FINANCIAL DAILY》宣布停刊，更突显报业营运的困难。

星报是大马英文报业龙头，市值由近30亿令吉高峰，蒸发至2.81亿令吉，它目前进行数位转型，却似面对＂中年危机＂。

《九点股票》编辑室认为，新闻永远有市场，星报在喘气中，也努力寻找突破，编辑室整理星报这家历史悠久报业集团的信息，看看我们能否从中发现什麽。

以下内容，是《九点股票》白金会员专属，敬请留意。

THE STAR要釋放旗下土地價值！

英文星报最大股东是马华公会，马华通过投资臂膀华仁控股，控制这家媒体集团。

这家公司过去几年努力进行数码转型，至今为止，只见到小小成效，过去靠广告收入赚钱的商业模式，越来越行不通。

为突破困境，英文星报最近正在探讨释放旗下土地价值的策略，而且，行动已开始。

星报经营数十年，买下不少房地产，这些房地产如今水涨船高，部份更有发展价值，可能是星报突破的＂转捩点＂。

在三月中，英文星报在自家报纸的分类广告刊登广告，为旗下2段土地征求合作发展伙伴。

这2段土地是莎亚南BUKIT JELUTONG的219,928平方公尺工业地，以及文冬3.99公顷农业地。

这两段土地都是永久地契，有发展潜能。

此外，星报也登广告求售或出租首邦再也USJ一栋五层楼店屋。

2段土地的账面价值是1146万令吉USJ店屋则值228万令吉，这都是十多年前的估值，目前肯定不止这个价格。

除了这3笔资产，英文星报共有18笔房地产资产，在2018年年报中的估值是1亿5572万令吉，相等於值每股21仙。

星报本身的估计，这18笔资产现在的市价，最少值6亿令吉。
其中最值钱土地包括槟城峇六拜19,472方公尺工业地，这段地是星报印刷厂房所在。

如今北马印刷厂停印，这段土地最有可能用来发展；槟城州政府在该区进行填海发展，土地价格水涨船高，该段永久地契工业地的价值跟着上涨。

此外，星报在莎亚BUKIT JELUTONG印刷厂的厂地，是由两段土地并成，估计也是很值钱的土地。

其中一段面积405,979方尺，或9.3英亩；另一段205,117方尺，等於4.7英亩，也是永久地契工业地。

把星报的18笔资产拿来细算，市场人士可能发现，星报真的还有＂三斤铁＂。

若星报的所有不动产价值6亿令吉，那相等於每股净有形资产是81.94仙，是股价38仙的2倍有多。
这还不包括星报银行户口里的3亿8593万令吉现，每股现金相等於52.71仙。
星报的＂内在价值＂很吸引人，可惜的是业绩却不太理想，2019年12月31日止财政年净利568万令吉，营业额3亿1593万令吉。

若没有投资收益，星报业绩将出现亏损，投资收益当然包括3亿8593万现金的定期存款利息。

分析员预测，星报2020财政年将会蒙受360万令吉亏损。

星报在三月至四月中，股价度跌至22仙至28仙之间，四月二十日开始回弹，大多数分析员不看好它的未来，毕竟土地要发展，也需几年後才能看到成果。

在MCO限行令期间，英文星报的订阅订户能否快遗暴增呢？倘若出现订户快速增长，则英文星报的命运可能改写。

无论如何，若它的股价在30仙以下，明显低估。

（吉隆坡25日讯）星报媒体（STAR，6084，主板电信与媒体股）正寻求联营伙伴，合作发展在雪州和彭亨的数块土地，以期释放更大的价值。



《The Edge》财经周刊报道，星报媒体从上月开始，在旗下报章刊登广告，为莎阿南21万9978平方尺的工业土地，以及彭亨文东3.99公顷的农业地，寻找合作伙伴。

此外，该公司也寻求出租或出售在梳邦再也的5层楼办公楼。

星报媒体在2018年报指出，莎阿南和文东的土地净账面价值达1146万令吉，梳邦再也的办公楼为228万令吉。

不过，这三项产业已经超过10年没有估价。

星报媒体资产可说是该公司“皇冠上的宝石”，拥有高达48英亩的地库。目前，18项产业的净账面价值高达1亿5572万令吉，相等每股21仙。



联昌国际投行研究分析员在去年7月的报告曾提到，该公司的地库市价超过6亿令吉，差不多是每股81.94仙，是当前股价的数倍。

该股昨日以38仙闭市，市价2亿8065万令吉

Star Media Group Bhd

TP of 52 sen is pegged at its net cash per share. By AllianceDBS Research, April 20

https://www.klsescreener.com/v2/news/view/667335

Star Media Group Bhd
(April 20, 32.5 sen)
Upgrade to buy with a higher target price (TP) of 52 sen: While Star Media Group Bhd’s business outlook remains clouded by the industry’s structural and cyclical shifts, its share price has fallen by 55% over the last 12 months. At these levels, we believe the company’s share price is overly discounted.

The stock is now trading below its net cash of 52 sen per share, which also implies that investors are getting its other assets such as property and printing plants for free. For financial year 2019 (FY19), Star paid two sen dividends (implying a 6.25% yield on the current price) from its free cash flow per share of 13 sen.

Greater traction for its digital transformation and products would be a key catalyst for the stock. While we believe it is still early days, viewership of its dimsum streaming service has increased following the government’s movement control order to contain the Covid-19 pandemic.

As one of the top English news portals in Malaysia, Star’s digital platforms stand to benefit from trends toward digital advertising expenditure (adex).

Furthermore, opportunities to cross-sell products across different platforms such as digital, print and radio will entice more advertisers. This can be seen in its digital revenue’s 18% year-on-year growth in FY19 despite the adex slowdown.

We expect key cost savings from lower newsprint cost. The group undertook a cost restructuring exercise in 2018 which saw it cease operations of its printing facilities in the Star Northern Hub and carried out a mutual separation scheme costing around RM28 million. This is expected to translate into RM14 million in annual savings. With print adex still weak, rationalisation of Star’s print business may continue.

We now expect Star to record a RM3.6 million net loss for FY20 (from a net profit of RM6.6 million previously) as slower economic activity weighs on adex.

Our TP of 52 sen is pegged at its net cash per share.

Key risks to our view include potential new players in the market. New entrants in the market could dilute Star’s circulation as well as its advertising sales. — AllianceDBS Research, April 20

https://klse.i3investor.com/insider/company/shareBuyback/6084/20-Apr-2020/68410_2053395150.jsp

https://klse.i3investor.com/blogs/PublicInvest/2020-04-15-story-h1505961699-Technical_Buy_STAR_6084.jsp

https://www.theedgemarkets.com/article/assetrich-star-unlikely-privatisation-candidate

https://www.theedgemarkets.com/article/assetrich-star-unlikely-privatisation-candidate

WITH Star Media Group Bhd being valued at only RM328.4 million as at last Thursday — a far cry from its glory days in the mid-2000s when it commanded a market capitalisation of over RM2 billion — the question that comes to mind is, is the company ripe for privatisation by its major shareholder, the Malaysian Chinese Association (MCA)?

The media group’s share price has shed 33.1% over the last one year, from 66.4 sen on Dec 11, 2018, to 44.5 sen last Thursday. The last time the stock hit such a low level was between March and April of 1999.

It is also worth noting that the stock is trading at only 0.4 times the media group’s net asset value per share of RM1.11 as at Sept 30, 2019.

But analysts that The Edge spoke to do not think MCA, which owns 43.1% of Star, will take the privatisation route.

“Ideally, considering its current valuation, Star should be privatised. But does MCA have the money for it? Star is generating good dividends for the political party when its other businesses are either loss-making or making meagre profits,” remarks an analyst.

Star is seen as a cash cow for MCA, which received RM349.71 million in dividends from the media group between 2013 and 2017. Last year, however, the amount dropped to RM9.54 million based on a dividend of three sen per share.

Another analyst says he is sceptical about Star getting any privatisation offer because its operations are shrinking — its annual revenue has been declining since 2016 and there is no sign of a reversal yet. “At 0.4 times its price-to-book value, we think Star is just about fairly valued and may not be compelling enough for a buyout,” he adds.

According to a market observer, if a privatisation were to take place, the million-dollar question would be: at what price? “We know that now, Star’s value is in its assets and not its business operations. So, should the shareholder want to privatise it and pay below book value, it would be pretty unfair to the minority shareholders.”

It is no secret that Star’s worth now lies in its land and buildings. Based on its 2018 annual report, the company’s properties have a net book value of RM1.55 billion, which translates into RM2.10 per share.

Of the media group’s 18 properties, the 17-storey office building, Menara Star, has the highest net book value of RM35.86 million. It was last revalued in 2001. However, according to CGS-CIMB Research’s Oct 26, 2018, report, the building is likely to be worth RM80 million.

Star’s properties in Penang, which comprise an office block and creative and events hub, a newsprint warehouse and regional printing plant, are estimated to have a market value of RM118 million, according to CGS-CIMB Research.

The media group also has four pieces of freehold industrial land that measure a total of 633,161 sq ft and have a net book value of RM43.27 million. Three of them are located in Bukit Jelutong, Shah Alam, while the fourth is in Bayan Lepas, Penang. The total market value of these tracts is estimated at RM121.71 million.

Star has buildings and land in Pahang, Perak and Sabah, and overseas in the UK and China as well.

And as at Sept 30, 2019, it had a handsome cash pile of RM387.7 million, equivalent to 52.5 sen per share.

Granted, the company is rich in assets but its business outlook is deemed bleak by many because, like elsewhere in the world, the country’s media industry has been hard hit by a structural shift and declining adex.

“I think the prospects for Star are dim. It does not matter whether or not it is seen as a credible paper because it has little competitive advantage from an advertiser’s perspective. There is no reason for advertisers to move their advertisements there because its content is similar to what you can find on other websites,” comments an analyst.

An analyst with a local research firm says he does not think there will be an improvement in adex for the media group, considering the proliferation of digital platforms that are more targeted and effective, cheaper even, suiting the needs of advertisers.

Star has undertaken various initiatives to diversify its sources of income, such as organising events and exhibitions and offering subscription video on demand, but these contribute less than half to its total revenue.

According to analysts, while the new initiatives will help boost the media group’s earnings, they are still in the early stage and are unlikely to offset the decline in income from the traditional print segment.

In its third quarter ended Sept 30, 2019, Star’s net profit plunged 84% year on year to RM250,000 while revenue fell from RM91.12 million to RM79.58 million.

It is no secret that Star’s worth now lies in its land and buildings. Based on its 2018 annual report, the company’s properties have a net book value of RM1.55 billion, which translates into RM2.10 per share.

Of the media group’s 18 properties, the 17-storey office building, Menara Star, has the highest net book value of RM35.86 million. It was last revalued in 2001. However, according to CGS-CIMB Research’s Oct 26, 2018, report, the building is likely to be worth RM80 million.

Star’s properties in Penang, which comprise an office block and creative and events hub, a newsprint warehouse and regional printing plant, are estimated to have a market value of RM118 million, according to CGS-CIMB Research.

The media group also has four pieces of freehold industrial land that measure a total of 633,161 sq ft and have a net book value of RM43.27 million. Three of them are located in Bukit Jelutong, Shah Alam, while the fourth is in Bayan Lepas, Penang. The total market value of these tracts is estimated at RM121.71 million.

Star has buildings and land in Pahang, Perak and Sabah, and overseas in the UK and China as well.

And as at Sept 30, 2019, it had a handsome cash pile of RM387.7 million, equivalent to 52.5 sen per share.

https://www.klsescreener.com/v2/news/view/661391

【独家】放眼年产1.1亿口罩·顶级手套进军口罩生产
Sinchew Tue, Apr 07, 2020 09:48am - 1 hour ago

（吉隆坡6日讯）全球最大手套公司顶级手套集团（TOPGLOV,7113,主板医疗保健组）计划进军口罩生产活动，预期两个月内启动生产设施，全年生产1亿1000万个口罩。

料两个月内启动生产线顶级手套执行主席丹斯里林伟才答复《星洲财经》询问时披露，位于巴生厂房的生产设施，总共启动两条生产线，全年生产1亿1000万个口罩。

他在受询时披露，有关口罩除了作为员工自用外，也将售卖给现有保健领域的客户。

林伟才是受询及基于疫情吃紧，是否会转向生产口罩时这么披露。

他表示，一些生产线转向生产口罩，是为迎合疫情吃紧时的飙涨需求。

上周，大马一家口罩生产商认为，现有每个口罩顶价定于1令吉50仙，让厂商处于非常不利的境况，主要受高原料进口税与高原料价所困。

该名厂商指出，原料与进口税高达30%，政府实应提供奖掖或豁免进口税，才能促成国内厂商透过自动化程序加紧生产，以应付国内乃至全球殷切的需求。

国内目前有约5家口罩生产商，分别为Ideal保健有限公司，Medidata有限公司、CrossProtection有限公司、Creative Contract有限公司和Medipro有限公司。

顶级手套也是大马股市手套行业四大天王中，唯一宣布进军口罩生产的厂商。

今日闭市时，顶级手套股价上涨1仙至6令吉41仙。

looks like tomorrow will go to RM1.60 to 1.70

I clear partially... still have

Now uncertainty everywhere, many projects delay and sales delay or push back. We should put some discount on business plan. Definitely economy activities will be affected by out spread of Covid 19..

https://www.klsescreener.com/v2/news/view/624126

金务大双星报喜　前景看俏
Orientaldaily Tue, Jan 14, 2020 09:30pm - 3 hours ago


（吉隆坡14日讯）金务大（GAMUDA，5398，主板建筑股）本周有望获得捷运（MRT）新合约，加上内阁将拍板高速大道收购案和接近达成槟城交通大蓝图（PTMP）的项目交付伙伴（PDP）协议，其2020年的前景依然看俏。

金务大本周预期会迎来2项利好消息，即周三（1 5日）政府将在内阁探讨南北大道公司（PLUS）收购金务大4条大道的细节，以及周五（17日）金务大和MMC机构（MMCCORP，2194，主板交通物流股）的联营企业将正式签署价值重新调整后的捷运工程合约。

金务大股价在周二没有变动，收报3.99令吉，共有461万股易手。

去年6 月2 1 日， 财政部正式提出以6 2 亿令吉的价格， 献购白蒲大道（LDP）、吉隆坡西部疏散大道（S P R I N T）、莎阿南大道（ K E S A S ） 和精明隧道（SMART）。而作为主要股东的金务大，一旦脱售大道股权将进账23亿6000万令吉。尽管这项收购已获得内阁批准，但却一再展延，始终未能成事。

另外，政府曾在2018年10月一度取消颁发予金务大-MMC机构公司的捷运2号线地下工程合约，导致这2只建筑股遭市场恐慌性抛售。

财长部之后缩减MRT 2工程项目的建筑规模，将该工程的成本从原有的226亿令吉削减至174亿令吉。

在这之后，金务大-MMC公司同意削减88亿2000万令吉或22.4%建筑费用，顺利拿回这项工程。

PTMP项目快敲定

马银行投行分析员表示，随著槟城交通大蓝图项目交付伙伴协议有望很快敲定，金务大合约前景正逐步改善。

“获得联邦政府担保下，槟州有望筹集高达100亿令吉资金，以启动PTMP项目中，价值80亿令吉的槟城轻快铁（LRT）项目。”

至于价值80亿令吉的槟城泛岛大道（PIL）及价值160亿令吉槟岛南部填海工程，目前仍在寻求融资。

此外，该分析员指出，2020年会有2个大型铁路项目复工，即隆新高铁（HSR）和捷运3号线（MRT3）项目，可能进一步令金务大成为主要受惠方，甚至有望重估建筑领域。

“捷运3号线仍在讨论中，但价格要低很多，预计大砍50%至225亿令吉。”

综合上述因素，马银行投行分析员预期，金务大建筑业务每年可持续获得2亿令吉的净利，并将投资评级从“守住”上调至“买进”，目标价也从3.65令吉上修至4.50令吉，并认为该股估值并不昂贵，相等于2021财政年本益比的13.3倍。

Post removed.Why?

金务大双星报喜　前景看俏
Orientaldaily Tue, Jan 14, 2020 09:30pm - 3 hours ago


（吉隆坡14日讯）金务大（GAMUDA，5398，主板建筑股）本周有望获得捷运（MRT）新合约，加上内阁将拍板高速大道收购案和接近达成槟城交通大蓝图（PTMP）的项目交付伙伴（PDP）协议，其2020年的前景依然看俏。

金务大本周预期会迎来2项利好消息，即周三（1 5日）政府将在内阁探讨南北大道公司（PLUS）收购金务大4条大道的细节，以及周五（17日）金务大和MMC机构（MMCCORP，2194，主板交通物流股）的联营企业将正式签署价值重新调整后的捷运工程合约。

金务大股价在周二没有变动，收报3.99令吉，共有461万股易手。

去年6 月2 1 日， 财政部正式提出以6 2 亿令吉的价格， 献购白蒲大道（LDP）、吉隆坡西部疏散大道（S P R I N T）、莎阿南大道（ K E S A S ） 和精明隧道（SMART）。而作为主要股东的金务大，一旦脱售大道股权将进账23亿6000万令吉。尽管这项收购已获得内阁批准，但却一再展延，始终未能成事。

另外，政府曾在2018年10月一度取消颁发予金务大-MMC机构公司的捷运2号线地下工程合约，导致这2只建筑股遭市场恐慌性抛售。

财长部之后缩减MRT 2工程项目的建筑规模，将该工程的成本从原有的226亿令吉削减至174亿令吉。

在这之后，金务大-MMC公司同意削减88亿2000万令吉或22.4%建筑费用，顺利拿回这项工程。

PTMP项目快敲定

马银行投行分析员表示，随著槟城交通大蓝图项目交付伙伴协议有望很快敲定，金务大合约前景正逐步改善。

“获得联邦政府担保下，槟州有望筹集高达100亿令吉资金，以启动PTMP项目中，价值80亿令吉的槟城轻快铁（LRT）项目。”

至于价值80亿令吉的槟城泛岛大道（PIL）及价值160亿令吉槟岛南部填海工程，目前仍在寻求融资。

此外，该分析员指出，2020年会有2个大型铁路项目复工，即隆新高铁（HSR）和捷运3号线（MRT3）项目，可能进一步令金务大成为主要受惠方，甚至有望重估建筑领域。

“捷运3号线仍在讨论中，但价格要低很多，预计大砍50%至225亿令吉。”

综合上述因素，马银行投行分析员预期，金务大建筑业务每年可持续获得2亿令吉的净利，并将投资评级从“守住”上调至“买进”，目标价也从3.65令吉上修至4.50令吉，并认为该股估值并不昂贵，相等于2021财政年本益比的13.3倍。

Financially, Scope is lower gear and with huge plantation asset backing. We should see huge jump in revenue being reported soon.

Ok,,, We buy as much as possible from market on Monday

Inventec Appliances Corporation is officially Scope business partner
https://www.scope.com.my/#

http://www.taipeitimes.com/News/biz/archives/2019/03/27/2003712227

Plantation division will turnaround the company's bottomline to profit.
http://www.scope.com.my/2014/Plantation/index.html

https://www.scope.com.my/#

manufacturing capacities fully booked for 2020

Sabah Palm Oil estate should make decent profit with huge jump in EMS revenue. Exciting time ahead

https://www.icis.com/explore/resources/news/2019/10/14/10427985/asia-naphtha-margins-at-2019-highs-on-supply-woes

https://www.argusmedia.com/en/news/2005922-korean-refiners-see-worst-over-for-crack-spreads

https://www.globenewswire.com/news-release/2019/09/30/1922263/0/en/Worldwide-Condom-Market-to-cross-USD-7-Bn-by-2025-Global-Market-Insights-Inc.html

The risks associated with Broadcom's business direction is too huge.. Inari need to diversify single customer exposure.. otherwise one day the whole empire will collapse

The current price weakness is due to business uncertainty. The sell-down might continue until we have more clearer picture on the Broadcom RF deal and future direction after Apple taking over the business unit.

Investors scare that if Apple take-over Broadcom RF business unit, it may affect Inari business as Apple might have its own Preferred Supplier

https://9to5mac.com/2019/12/18/apple-could-be-the-new-owner-of-broadcoms-rf-wireless-chip-business/

Technically very bearish with first support at RM2.50 and subsequent support at RM2.35 and RM1.98, Valuation wise it is very much over price. Avoid for now..

very strong today.. flying soon ?

Post removed.Why?

The PDT short sellers now cannot short this counter and still have short position to cover amounted to 1.8 million shares. Very high chance the share price will go higher for today and tomorrow..

It is not about earning play. I believe Edaran is going after something very BIG and the project will provide huge business and recurring profit in future..

Edaran is hitting Jackpot

Muda's Profit Increased by 136% Q1'18 Vs Q1' 17...

If we exclude insurance compensation and tax for both Qtrs,
This Qtr profit is RM19.45 mil double of same Qtr last year of RM8.23 mil.

Insurance compensation for Q1'18 = RM 3.1 mil
Insurance compensation for Q1'17 = RM 12.73 mil ( Difference by RM9.6 mil)

Tax Expenses for Q1'18 = RM 6.73 mil
Tax Expenses for Q1'18 = RM 2.39 mil ( Difference by RM4.34 mil)

Expecting major shareholders changes is coming, it should skyrocketed the share price

Iris acquired by Rozabil via Caprice Sdn Bhd using cash and not under margin purchase. Caprice is cash rich company controlled by Paul Poh ( An close associate of Hong Leong Group }

Iris was doing well during Tun M era. ePassport and IC projects were hijacked by Datasonic during Najib as PM.. Time for Iris to get back the projects. We are expecting the founder will make a come back soon... Watch out

http://www.theedgemarkets.com/article/cover-story-press-metal-makes-its-mark

In a research note last month, UOB Kay Hian said every US$100 per tonne increase to its forecast all-in aluminium prices could raise Press Metal’s earnings by about RM170 million annually.

In a research note last month, UOB Kay Hian said every US$100 per tonne increase to its forecast all-in aluminium prices could raise Press Metal’s earnings by about RM170 million annually.

http://www.theedgemarkets.com/article/cover-story-press-metal-makes-its-mark

Good analysis... avoid those companies involve in middle eastern countries' projects. They are doing charity works there. At the end of the day, they will face great difficulties to collect back the money.

艾力斯新尝试 竞标路税保险平台合约

09/03/2018

过去几年生意陷入低潮的创业板公司艾力斯（IRIS 0010）引进新大股东後，开始有新动作，该公司已参与竞标，争取夺得政府路税及保险更新系统平台合约，是这家公司重新振作的行动之一。

这张合约有多大还不知晓，不过相信整个计划涉及范围很广，因为涉及马来西亚国民驾驶执照和汽车注册的数据。

根据一项接近艾力斯的消息指出，若成功夺得合约，在打造这个新平台时，艾力斯将会收集到国人驾驶执照数据，有关数据在未来将是重要资产。

目前陆路交通局的驾驶执照和路税更新可以说是被MYEG服务垄断，艾力斯想要突破垄断，是否能顺利获得政府点头呢？

MYEG服务的核心生意是E政府，即政府所有收费都可以通过MYEG服务平台完成，由於数目庞大，MYEG服务每年都可录得惊人利润。

0.7 cents not 7 cents...

Thank you for sharing

Tomorrow open 0.465