More than 10 billion loans but revenue is less than 10 billion. One of the worst revenue to loans ratio. Results tells the management competencies and super high remuneration without delivery reasonable results shows its credibility. Est projects in unsafe region may have a negative outcome moving forward. Good for trading only since volume remains quite high.

At best for speculative trading only. About 3 billion of loans, don't expect for reasonable dividends.

TP3.50.

4.80_5.50.

Personally, feel management and bod credibility is very important for LT, if just for trading purpose, then it is a different story.
Commented LCTITAN when it was listed and issue on unaware of an incident happened that caused impact on its bottom line, it was traded above 5 then (now 2.25 around). That shows its management and bod competencies even though credibility remains difficult to conclude. BOD members photo not even dare to show in its website then (no idea now as don't waste my time to visit its website unless drop to around 1.50 may revalue its worthiness).
As for this, 70m of remuneration for delivery of poor results, credibility is an issue and right issue supported by pnb (may be pnb has a distinct model to value its potential or may be knowing without its support the consequences may be even horrible. Without disclosure of KPIs for high remuneration entitlement, credibility is clear.
Est will remains quite active trading as there are still many players around.

Before commit, just dig further and found this insider trading news happened in 2009 and charged by SC as reported in 2016, believe it remains outstanding knowing our efficiency and effectiveness.
https://www.sc.com.my/resources/media-releases-and-announcements/sc-charges-founder-of-three-a-resources-bhd-and-five-others-for-insider-trading-offences

Please note those involved and the current management and bod members.

Best for speculative play only as it is difficult to judge various matters. Become phobia due to frequently one off impairment by companies even though did not hit me. Play safe, of course, low risk low return.

Decided no go for the time being unless know more about its current assets quality etc. Good luck everyone.

TP temporarily revise down to 2.00_2.50 amid uncertainty of tax issues.

Those companies with sudden substantial one off impairment, unable to submit accounts, highly suspicious accounts etc no stern actions taken. Those perform better always become the target but non performers were rewarded. That is how it works here.
Anyway, volatility is always opportunities. Good luck everyone.

Even poor performance can get paid for 70m, why work so hard. If there is no objective KPIs and investors are still giving reasonable support (otherwise the price should drop to below 0.20), why work so hard?

TP stays. ST 0.05. LT = 50% of NTA.

Commented this stock when it was 80 after bonus issues. Basically is sun set industry unless expansion into new potential growth business where the management is paid to chart future direction. Disappointedly things mostly remain.

At current exit price, few penny stocks may provide at least similar trading opportunities.

Based on fundamentals and if nothing is changed, it is quite unlikely it could recover back to 80 unless speculative play. Bear in mind some one commented its high inventory level. May also want to check its receivables too (London biscuits recently written off more than 300 m if not mistaken, NTA from positive dropped substantially to negative. Luckily 6.6 m cash may still able to survive for a while unless continuous losses.

Anyway, wish all good luck in this big casino market with poor regulatory regime, poor disclosure requirements, frequent one off substantial impairment, etc. Even like Hengyuan can goreng to 20 but now is closed to 4.

Have a nice weekend and good luck.

Another 70 or 80 million remuneration? Since perform so well (tolerable losses), may be 100 million is better. PNB may still support.

As usual, profit majority went to others pocket. Profit 4 million but attributable to SHs 400k. At best for speculative play.

Est TP 45 amidst non stop disposal of funds, dropped in revenue, huge borrowings and poor management team. Dec results +/-15%. Dividend is crucial to support price level around 55.

Loss again. Only meant for speculation. And for management, can continue to withdraw high remuneration since there are many supporters.

Bursa raps G Neptune for late and inaccurate reports.... how about those Chinese listed locally? Those substantial impairment eg London biscuits etc?

Dropping exports data suggests potential drop in revenue, hence its bottom line. Only goreng can push up its price. If based on fundamentals and valuation, is quite unlikely to improve in ST. High dividend is the only way to support the price at this level.

...S&P Global Ratings has today downgraded its long-term issuer credit rating on Genting Bhd to 'BBB+' from 'A-' in anticipation that the hotel and casino operator's leverage will increase, amid an expected weakening in cash flow adequacy over the next 12 to 18 months...

Financially-stressed London Biscuits announced to Bursa Malaysia that it has sold all its shares in Khee San,...... in open market.

Recall a deputy minister said trade war between China and US will benefit Msia, only see exports continue to drop. When authority said so, just try to give comfort, facts, if correctly compiled will tell the truth. Good luck.

1). Do nothing, continue paper loss if price remains low.
2) Do something... average down if you judge potential upwards in near future.
3) Do something... exit plan if you judge prospect remains dim.
Anyway, the company won't die immediately unless it follows London biscuits to write off substantial receivables (may be inventories too?).
Positive is cash rich 2.1 billion and no borrowings, negative is more than 5.6 billion current assets (no one know its quality as like London case) vs current liabilities of less than 0.5 billion.
Another Korean firm CJcen, bought local firm at 1.40 if not mistaken, now traded just above 0.30. Anyway, overall market remains weak.
I like ks55 PE 15. Good luck.

Est Q4 will reverse to profit yoy but qoq is a challenge unless market improve substantially.

Bod and management and accountant and auditors knew nothing about potential written off of more than 300 million receivables.... Jokes of this era as we see no action and enforcement.

...“The board of directors of Parkson Retail Asia Ltd (the company) wishes to announce that following the Notice of 3 Consecutive Years’ Losses released by the company on Oct 7, 2019, the Singapore Exchange Securities Trading Ltd (SGX-ST) has notified the company that it will be placed on the watch-list with effect from Dec 4, 2019.... We will never see this action here as we are free market, at your own risk.

Already highlighted poor performance in Da Nang more than 2 years ago based on own observation, hardly got customers, next door is another shopping area with many customers.

At not so old age cannot perform, chances to be able to perform at old age is dim. Anyway, good luck as speculative play may able to push up and down.

Stay ST 0.50, LT=50% of NTA. Below 0.50 is future bonus if overall market remains above 1500.

XiDeLang Holdings Ltd said its auditor Afrizan Tarmili Khairul Azhar (AFTAAS) has resigned with immediate effect, due to sanctions imposed on the auditor for non-compliance with auditing standards by the Securities Commission Malaysia (SC)'s Audit Oversight Board (AOB).

After all just another Chinese firm listed locally failed horribly. Nothing exciting. Good luck everyone.

One of few with high book price ratio, looks cheap but many just ignored it bcos cheap doesn't mean good. At best only for speculative play.

If based on fundamentals, definitely not. If for trading and speculation, may be, but at own risk.

Mamee bought at 25, then right issue at 18. Avg 21.50. LT investors bought today assuming at 35, right issue at 18, avg 26.50.

Non stop outflows of foreign funds, global trade conflicts remains, domestic political environment uncertainty, poor company performance, relatively high PE, bad reputation since IPO etc. Est below 2 but may take time.

...MIDF Research ......said the pace of foreign selling of equities listed on Bursa Malaysia intensified further last week, as foreign investors sold RM761.2 million worth of equities, four times the figure recorded in the preceding week.

“Foreign funds were net sellers on every day of the week, stretching the daily foreign selling spree to eight days,” ....

Malaysia has recorded the second highest year-to-date (YTD) foreign fund outflow among seven Asian countries tracked by MIDF Research, at US$2.39 billion (RM9.93 billion), after Indonesia’s outflow of US$2.89 billion for the same period.

Asking for $$$. Judge yourself. Mamee bought at 25 cents.

奇新今日宣布暂停交易，作出这项宣布，该公司私下配股发出9400万股新股给妈咪大宝达，售价每股25仙，这批新股占公司经扩大股本的45.11%。

由于妈咪大宝达买进的股权触及并购法令底线，该公司得以同样的价格向奇新所有股东提出全面收购献议。

完成配股行动后，奇新会再以1配1比例发售12亿零840万股附加股，初步估计发售价是每股18仙，可筹约3751万令吉。

若加上配售给妈咪大宝达的新股，奇新共可筹得约6100万令吉现金。

http://www.enanyang.my/news/20191202/%e3%80%90%e8%a7%86%e9%a2%91%e3%80%91%e6%b0%b8%e5%a4%a7-2021%e8%b4%a2%e5%b9%b4%e8%83%bd%e8%bd%ac%e7%9b%88/
Forecast losses till 2021. Unless really intent to take risk for LT, anyway, no risk no return.

Profit down trend, unlikely Dec results can bit last Dec yoy. Only positive is cash more then loans temporarily. Please analyse its current assets as it is 10 times of current liabilities.

After privatisation failure, profit continue to drop. Funny.

Rightfully should fall to Shell time as it remains weak. Messaging is "narrow losses" sound very encouraging but the ultimate is still a loss.
Fundamentals all are in RED. Will the end results just like other Chinese firms listed locally?
Cash 58 million, loans 1235 million.
Current assets about one billion above current liabilities, looks good but potential written off is uncertain unless better disclosure.
Current PE, luckily is still positive but at 98. Potential to improve to around 20 in near future is quite unlikely, so why pay high?
Anyway, trading opportunities is always there. Good luck.

Foreign selling swelled to RM761.2m last week, says MIDF Research.... Believe price will go lower to below 8.

...Menang Corp (M) Bhd will look into fresh acquisitions when its coffers see cash from the disposal of non-core assets.

“We are also looking into acquisitions, if possible of income-generating assets as well,” said Menang managing director and chief executive officer Too Kok Leng. “These may include buildings.”

Sound like it has been acquired loss making assets. lol

Waiting for June 2016 results to repeat as it is a matter of time.

Poor regulatory regime and disclosure requirements.

Companies should be required to disclose at least top 5 buyers and %.

Aging schedule of receivables must be disclosed too.

One off impairment means both management and auditors are not doing their jobs and make correct reporting promptly, it cannot be suddenly turn assets into impairment (unless fire without insurance exception cases), situation must have been known earlier and why only disclose on periodical report? Isn't that consider material information?

Authority should not waste its time to organise running event but to spend more time to take prompt actions against listed companies and improve reporting requirements.

Anyway good luck everyone as there may be chance for contra.

Complicated tax laws benefited so call tax experts, lawyers and management but hurt investors. Target at least to drop another $1.

Note that a similar outstanding dispute for years of assessment of 2013 and 2014 of RM2.1bn is still currently pending for court hearing (Pb Invest)

Joke of this country legal system efficiency and effectiveness? From MPs debates and subjects debate, can see the kuliti ... oops, is kualiti. From the TV news, negative news are more common than positive development news. All these continue to support MYR to shoot rocket high from around 2.50 about 30 years ago to current level of 4.20.

Among Malaysian Chinese tycoons groups:
1) BJ
2) YTL
3) Sunway
4) Lion
5) MUI
6) Genting etc
Which is the better one and which is a shit?

Low NTA, very huge loans of 7.8 billion, all fundamentals are in red except DY above 2%, doubt it can deliver as good as in Sep 2017.

Beautiful results. Is ok to make losses as it will take some times to fully deplete its NTA. May be the next impairment will be the current assets as it is too high.

Current assets more then current liabilities by more than 200 millio with cash of 62 millio. Good luck if receivables is not written off substantially as in the case of london biscuits, NTA from above $1 to negative 0.25.

Some times no need a knowledgeable analyst to tell the prospect as the name itself tells everything, Lion, and is an old lion, so don't expect much unless speculative play. Anyway, good luck everyone.

Improved corporate governance, a new management team and effective communication are the main drivers contributing to the rise in FGV Holdings Bhd’s share price, said an analyst.... hahaha, sound like those dropping prices stocks are poor governance.
Anyway, Dec window dressing TP 1.50 as there are many supporters.

Interesting for case study in particular for those who want to borrow $$$ from bankers and others.

London Biscuit Bhd, which is facing a winding-up petition, is writing off RM363.16 million of receivables in the fourth quarter ended Sept 30, 2019 (4QFY19)... who are the receivables? Is it Kheesan and some others? NTA became negative 0.25 now, well done.

This reflects the quality of auditors, the credibility of accounts and management, the ability and willingness of authorities in taking prompt actions, the effectiveness of corporate governance and bod...

https://www.thestar.com.my/news/nation/2019/11/29/scanda-sky-clarifies-that-it-did-not-portray-itself-as-airline-company
Very funny and ridiculous situation confusing many. Scanda vs Scandal vs authority vs airlines.

Listed companies not performing, bod and management all kaya, another skim kaya to con minority SHs while authorities remain sleeping. Why work so hard?