Dip with volume, not a good sign. Likely Aberdeen continues to reduce their position due to stretched valuation, sold 773k shares on 2ndMar

downtrend though good result & gearing is improving, and CPO price is still well above RM3k/mt vs RM2.7k/mt used by HLIB to reach TP138 in Jan, any one mind to shed some lights?

Alfred had shared that PAT up due to improved productivity and operational efficiency.
In the midst of expanding its facilities in Pasir Gudang with another 378,000 sq ft of space.
“We are still looking for more factory space to increase our production capacity,” said Foo.
On its outlook, the group remains optimistic based on its main customer’s strong order forecast.
“In addition, the company foresees production of new customer projects to ramp up and contribute more significantly in the coming months.
https://ceomorningbrief.theedgemalaysia.com/article/2021/0140/Home/8/556010#.YDWYur2JgPs.whatsapp

6.6mil profit from JV repeatable? Still good but not superb result if this is excluded

exclude other income last Q 14mil vs 10mil this Q, QoQ up >10%, profit improves even revenue down QoQ, well done!

last Q record high profit, QoQ flat & margin maintains, acceptable and looks like profit is sustainable, not due to backlog.
1ct div, expect 6 cents this year, 7% DY at price 85

new to consider new shares added, diluted EPS 12.08 sen as per QR

it looks to me the ex MD is the key man for its turnaround/new plant at P. Indah; spearhead grow in export market, 60% of total revenue in FY2019.
AR2019: he also oversees the launch of new products in existing and new markets for brands
owned by the Group in overseas markets.'
Another worry is whether frozen food demand can be sustained post Covid 19.
Globally, Grand View Research forecasts the frozen food market to grow at a CAGR of 3.4% to US$380bil from 2019 to 2027 (The Star)

Downtrend cos of experienced MD resigned?
https://m.malaysiastock.biz/Company-Announcement.aspx?id=1285316
Reason of new CEO onboard recently,

PBT for the current quarter was RM44.64 million which was 6% lower than RM47.27 million
achieved in the preceding quarter ended 31 July 2020. If the insurance compensation of RM7.62
million recognised in the preceding quarter was excluded, the PBT for the current quarter was 13% or RM4.99 million higher

https://www.theedgemarkets.com/article/part-expansion-strategy-wegmans-acquires-90-stake-spare-parts-manufacturer-rm162-million?type=malaysia

disposal of South Island Garment, expect one off gain of 15.4mil next Q

https://klse.i3investor.com/blogs/kianweiaritcles/2020-09-12-story-h1513463144.jsp
1. 美中贸易持续摩擦造成外国订单转移至大马，让本地业者从中受惠。加上自6月市场重开后，企业的出货订单非常强劲，目前的积压订单长达四个月
anyone who could confirm that management mentioned 4months backlogs in the AGM?

https://news.nike.com/news/nike-inc-reports-fiscal-2021-first-quarter-results
1. digital sales increased 82 percent, or 83 percent on a currency-neutral basis, with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA
2. Diluted earnings per share for the quarter was $0.95, up 10 percent

Okang thanks for sharing the info, appreciate it!

https://www.thestar.com.my/business/business-news/2020/07/06/rhb-raises-earnings-forecast-on-ock-tp-at-68-sen

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E4%BA%A7%E5%93%81%E7%83%AD%E9%94%80-%E8%AE%A2%E5%8D%95%E5%A4%A7%E5%A2%9E-%E5%AE%B6%E5%85%B7%E4%B8%9A%E9%80%86%E5%8A%BF%E7%96%AF%E8%B5%B6%E5%B7%A5
furniture good biz since Apr esp those mid to low cost types, orders from Europe & US also up

https://www.facebook.com/rhresearch/posts/2792220174122917
AGM Sept 2019
Butadiene, only small ingredient for NBR. Not much improvement in profit margin even butadiene price downtrend

Petra loss making, guided words in May QR: This is mainly due to deferment in client’s activities executed for HuC/TMM contracts, revision of activities budget by client, coupled with delay in mobilisation of the Group’s marine assets in view of the global Covid-19 pandemic and decline in oil price throughout the quarter.
No surprise to see similar situations facing by Dayang

https://www.theedgemarkets.com/article/mco-muar-woodbased-industry-expects-lose-rm500-mil-revenue?type=malaysia
Liihen could be one of those allowed to operate during MCO

https://www.schroders.com/zh-tw/tw/asset-management/insights/schroderxcw/in-depth-report/why-nike-still-be-positive-in-coronavirus/?p=true&utm_source=SRD_FB&utm_medium=post&utm_campaign=fbpost

https://finance.yahoo.com/news/nike-leaps-11-results-suggest-140018572.html
Magni should be doing good in next quarter if there is no concern on raw material

https://www.businessinsider.sg/wall-street-commentary-on-new-nike-ceo-john-donahoe-ecommerce-2019-10/?r=US&IR=T
Could online sales offset or cushion potential sales drop due to Nike's outlets closure by China & Europe?

https://www.theedgemarkets.com/article/goldman-says-oil-could-drop-us3-chinas-virus-spreads
oil sentiments affected by China flu

dairy products very competitive, high possibility of margin erosion

Mex min wages hike 20% last Mon, how much impact to Johotin JV at Mex?
https://www.nytimes.com/aponline/2019/12/16/business/ap-lt-mexico-minimum-wage.html

https://www.straitstimes.com/business/companies-markets/airbus-sees-strong-sales-haul-this-year-on-asia-demand-long-range-a321
likely that Sam's order book from Airbus & Boeying will contra each other

Thanks for the summary lcong123
https://finance.yahoo.com/news/nike-reports-2q-2020-earnings-results-211958398.html

Inari dips due to this news, Inari one of the customers of FPG
https://ww.9to5mac.com/2019/12/18/apple-could-be-the-new-owner-of-broadcoms-rf-wireless-chip-business/

Good summary of AGM: FPG focuses in front end/R&D cycle, order will continue to come even semicon is in down cycle.
https://m.facebook.com/story.php?story_fbid=2887400121271588&id=1200094743335476

https://finance.yahoo.com/news/nike-looks-unstoppable-in-2020-as-air-jordan-11-bred-is-re-released-193420626.html

sold land to own company, that's why boss has to support Comfort lo
Good company but way far to become well managed company

RPT: On 27 November 2019, a wholly owned subsidiary of Comfort Gloves Berhad (CGB),
Comfort Rubber Gloves Industries Sdn. Bhd. (CRGI), had entered into a S&P Agreement with the Director of CGB and also CRGI, Mr. Cheang Phoy Ken for the purchase of two plots of land held under Geran 80472 and Geran 80519 having a total areas of approximately 34,570 sq. metres free from all encumbrances and with vacant possession for a total cash consideration of RM1,9mil

http://www.enanyang.my/news/20191215/%e5%9b%bd%e5%ba%93%e6%8e%a7%e8%82%a1%e4%bb%8d%e6%98%afplus%e5%a4%a7%e8%82%a1%e4%b8%9c-%e5%86%85%e9%98%81%e5%8f%96%e6%b6%88%e6%94%b6%e8%b4%ad4%e5%a4%a7%e9%81%93/

2.5cts div equivalent to 2.5*2.67= 6.67ct before split & bonus issue, vs 5cts last year same quarter, div increases 33%. On track with forecast by Pub Inv, a higher dividend payout by Magni for the year from 30% to 35% due to minimal capex expenditure and improved earning

https://www.theedgemarkets.com/article/profit-margins-glove-companies-come-under-pressure-%E2%80%94-aminvestment

good points WhiteWolf!

https://www.freemalaysiatoday.com/category/nation/2019/11/19/top-british-medtech-firm-to-open-in-penang-employ-800-locals/

http://mswg.org.my/newsletters/mswg-weekly-newsletter-04-october-2019-english

https://www.theedgemarkets.com/article/apple-increase-iphone-11-output-10-nikkei-reports

ya not comfortable with this surge, Chang YF, mind to share your view?

Pls share any good or bad news in AGM yesterday

will Nike sales be affected due to anti-US sentiments in China?

current good points:
1. Nike market share in China is growing (double digits)
2. Potential beneficiary due to Trade war
3. Expansion in Vietnam on track, phase 2 will begin in mid 2019

Coming quarter, Jan to Mar live bird average price about RM5
http://www.dvs.gov.my/index.php/pages/view/2157

Old news:
https://www.thestar.com.my/business/business-news/2019/04/02/dufu-aims-to-operate-metal-fabrication-plant-by-june/
Another good move by management to diversify and expand their biz in non HDD.
Any idea revenue from non HDD currently?

AR2018, Chairman statement:
We have invested a total of RM23.75 million in property, plant and
equipment which more than quadruple the amount we invested in
FY2017. Our strong operational strength and improved credit metrics
allow us to maintain a healthy cash reserve and internally fund our assets
acquisition.
Good move by Dufu's management, increased capex to meet demand from high cap HDD as stated in prospect Q42018

Page 8:
HDD METRICS
Client Compute Units 17.6 17.8 16.3 14.0 12.9
Non-Compute Units 11.2 13.7 11.2 11.1 9.3
Data Center Units 7.6 7.5 6.6 5.1 5.6
Data center Units qoq up 9%

WD QR Mar2019
http://investor.wdc.com/static-files/e13621e9-2330-43a4-9611-37b7ebdcc303
Page 5:
DATA CENTER DEVICES & SOLUTIONS • Demand for capacity enterprise drives better than expected • Initial revenue shipments of enterprise NVMe SSD solutions and on track to accelerate ramp throughout CY19
Revenue for enterprise HDD yoy drops but qoq up 15%

Coming quarter, Jan to Mar live bird average price about RM5, back to RM5 again in May & Jun due to ramahdan and hari raya?
http://www.dvs.gov.my/index.php/pages/view/2157