Never seen this before, it looks like there is a auto-trade to sell at 16 cents. Anyone can explain how this works?

Link to tonight event: https://www.facebook.com/100386988151214/posts/309199870603257/

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

Date of transfer to main board: 12 Nov 2020. See https://malaysiastock.biz/Company-Announcement.aspx?id=1272347

Broke 200-day EMA. Probable positive news soon.

JHM net profit tripled in 2016 to RM20.3mil. It's unlikely that this will repeat in 2017, given current 1H net is RM15.7. Based on current EPS of 10.96 and assuming PE 25, EPS would have to be 40 in order to hit TP 10. Four fold increase of EPS is difficult. At 20% annual growth, it will take 7 years. At 30% growth, 5 years. However, based on the interview in this article http://www.theedgemarkets.com/article/jhm-expects-continue-double-digit-revenue-growth, with diversification into two-wheeler lighting from Japan and the aerospace LED lighting, which the boss Datuk Tan believes can overtake the traditional auto lighting in 3 to 5 years, TP 10 is not unrealistic long-term. Question is do you believe Datuk Tan can deliver; and importantly, for the duration, can you stay relax?

https://www.thailand-business-news.com/business/58163-hdd-producers-expand-investment-thailand.html

http://www.theedgemarkets.com/article/lead-story-time-companies-deliver
June 12, 2017 14:00 pm MYT

JHM Consolidation Bhd

The best-performing counter for companies with a market cap of at least RM500 million on Bursa Malaysia, JHM’s share price has surged 460% in the last year.

The group, which manufactures micro-electronics and LED components, is currently trading at a trailing PER of 23.3 times. In the last five years, its trailing PER averaged at about 16 times.

An analyst says while JHM’s earnings continue to point towards an upward trend, the magnitude of growth does not match the growth seen in its share price.

Thanks for the feedback. I reckon "RM67 million spent" mentioned in the AR include compensation and other costs. If not, we can see it reflected in the next QR in reduced EPS.

From 2016 AR:

Efforts to improve operational efficiency continued throughout the year under review, with RM67 million spent on automation initiatives, and upgrades or replacements of existing facilities. Total headcount has fallen to 12,900, a reduction of 21.8 percent.

Number of worker reduced = 3,590. Assume saving of RM1.5k/month/man, 1 Q saving = RM16mil, or EPS/q = 0.78 cents on labour saving alone.

Last Q EPS = 2.04, guesstimate from WD and info from this forum on 20% increase in shipment, estimated next Q EPS is 3.23. Based on this, TP 0.9 @ PE 7.

Reply to query from Bursa Malaysia Securities Berhad dated 9 March 2017

D & O GREEN TECHNOLOGIES BERHAD (“D&O” OR “THE COMPANY”)

- UNUSUAL MARKET ACTIVITY



The Board of Directors of the Company would like to respond to query raised by Bursa Malaysia Securities Berhad (“Bursa Securities”) in relation to the Unusual Market Activity after making due enquiry with the directors and major shareholder of the Company.



Bursa Securities had requested the Company to respond to the following queries in accordance with Paragraph 9.11 of the Main Market Listing Requirements of Bursa Securities (“Bursa Securities LR”):-



1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions.

There has been no corporate developments relating to the Group’s business and affairs that have not been previously announced that may account for the trading activity.

However, it should be noted that the entire semiconductor industry is undergoing a consolidation process globally and as such, there are several parties who have approached the Company expressing interest. The Company is always open to opportunities to participate in the industry’s rationalisation, but at this present point in time, there is only preliminary discussions and there is no certainty at this stage of the discussions that will lead to signing of any definitive agreement.

In the event that there is any firm development, the Company shall make an immediate announcement to the public.

2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR.

We believe that there has been a surge in interest by investors after the release of the Company’s fourth quarter results ended 31 December 2016 on 22 February 2017.

In this report, the Company announced higher sales and profits due to a change in its business focus. The Company has shifted its focus from the highly competitive, volatile consumer electronic and general lighting segments as elaborated in note B2 of the fourth quarterly results as announced on 22 February 2017.

This change in business focus, coupled with the burgeoning global automotive industry as stated in note B3 of the fourth quarterly results announcement could account for the trading activities of the Company.

The increase in investors’ interest may also arise from an analyst report on the Company by Public Investment Bank dated 6 March 2017.

3. Whether you are aware of any other possible explanation to account for the trading activity.

The Company is not aware of any other possible explanation to account for the trading activity.

4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.

Yes, the Company is in compliance with the Bursa Securities LR.



This announcement is dated 9 March 2017

Yes, big thank you to ICON8888, who recommended JHM.

my 2017 picks are:
1) D&O 20%
2) JCY 20%
3) JHM 20%
4) EG-WC 20%
5) TEKSENG 20%

Those letters remind me when I was young and not any good with the English language and trying to write some letters asking for things from people who had the things I asked for. I chanced upon those letters just a couple of weeks back and they made me flush with embarrassment. But luckily for me, I ended up graduating from a good American university. I admire and applaud Mr Koon noble works on giving away scholarships. The letters on display are indeed bad. I sympathized and feel very sorry for the students, who are humiliated in this way. I hope that they are not negatively affected, but instead, turn the shame around to fuel their determination to do well.

well said.