Any updated news from the property development sector, I.e Jesselton development?

Hollow co can still listing?

What contract signed? No news..

I am waiting Revenue to CRASH, Cimb profit taking, now no more shield available for price protection

Investors all lose, ONLY co directors take all the benefits and profit, indeed it is con man co

空殼公司
Hollow company

The only CATCH now is Dow Jones crashes

Conman mgt, avoid this co

What happen? Unbelievable uptrend

Very bad counter

Nice review
=================================

Salutica - Expecting Better Quarters Ahead
Date: 17/01/2020

Source : AmInvest
Stock : SALUTE Price Target : 0.95 | Price Call : BUY
Last Price : 0.88 | Upside/Downside : +0.07 (7.95%)

Back

Investment Highlights
We maintain our BUY recommendation on Salutica with an unchanged fair value of RM0.95/share, pegged to an FY21F PE of 14x. We keep our forecasts unchanged.

We have gathered the following developments from the group since our previous update:
In 1QFY20, Salutica’s order fulfillment had been impacted by material lead time constraints due to customization of certain product parts from suppliers. The group said that as at January 2020, the material lead time constraint seen in the previous quarter has normalized.

Higher contribution of its new 3rd generation truly wireless stereo (TWS) headphones to be captured in 2QFY20, leading to expectations of higher revenue. Production started in August 2019 (end-1QFY19) and there was an initial low launch volume of the product captured in the previous quarter.

On 28 October 2019, Apple had launched its new in-ear true wireless airbuds, AirPods Pro in the US, with features such as active noise cancellation and transparency mode which allow users to listen to music and still hear the sounds of the environment around them e.g. in traffic while going for a run. The price of the AirPods Pro is US$249 (39% higher than Customer A’s new TWS headphones’ price of US$179). Despite this, Salutica said that Customer A’s forecasts remain unchanged. We thus maintain our forecasts.

Salutica has been working on diversifying its client base in order to reduce customer concentration risk and The Edge Markets MY website reported that the group is in the midst of securing 6 new customers from Australia, Canada, Europe, Vietnam and the US although we note that the projects potentially secured would start from a small base.

We reiterate our BUY recommendation on Salutica as we are still optimistic on the group’s earnings recovery in 2020 due to a slate of product launches i.e. the aforementioned new TWS headphones and the production of four computer mice for Customer A.

The group is expected to gain from its exposure to the growing TWS market which is seen to benefit from the trend of removal of headphone jacks in smartphones. Meanwhile, in the next 3–5 years, Salutica plans to address the hearable devices market to go beyond music with various applications such as in hearing enhancement, fitness tracking, health monitoring, and better compatibility with virtual assistants e.g. Apple’s Siri and Amazon’s Alexa.

Source: AmInvest Research - 17 Jan 2020

Down risk is backed

@Titan, agreed
Buy call. Don't miss this low risk opportunity to buy in.

It seems that sb or a group of investors are accumulating the stock or the stock has good news to announce...

market regards Salute as a tech stock, together with KESM, MPI, UNisem and Vitrox as the top few gainers today..

Post removed.Why?

@79, nice shoot

Any heroes bought in yesterday?

Bought just now 0.855

OMG, bad counter

The hope begins when it stands at RM 0.14。。

Buy in Maybulk which is in its historical lowest price

The game of Maybulk w.e.f. 1st Jan 2020

What is IMO 2020? The International Maritime Organisation (IMO) has ruled that from 1 January 2020, marine sector emissions in international waters be slashed. The marine sector will have to reduce sulphur emissions by over 80% by switching to lower sulphur fuels.

Too risky to buy in..

@davidkkw79, if u read through all the info here, u will notice that Salute doesn't supply its product to Apple, Salute supplies its true wireless earbuds to JAYBIRD.

''Customer A (most probably is Jaybird) is releasing its third generation of true wireless earbuds with an upgraded Bluetooth chipset developed by Salutica, in collaboration with a Netherlands company. The new Bluetooth chipset promised to rectify the connectivity issue which has plagued the previous 2 models, resulting in Salutica’s declining profit.'

Just hold tight tight.
2nd uptrend cycle is coming...

Oh my god, lausai

Be patient, stay firm, the worst is over.

yes, good performance, but if it declares 3% dividend annually, not better than some superior funds.

https://www.nst.com.my/news/2016/07/159067/bcorp-launches-its-maiden-lottery-vietnam

Hi, anybody has any news regarding the Berjaya group operates lottery in Vietnam? What is the current situation about the operation of lottery in Vietnam..?

Thanks @greatinvestor for sharing the link.

James (Salute managing director) maintains that the worst is over.

“Last year, in terms of financial results, we hit rock bottom. Moving forward, we should be able to maintain our profitability. We know what we want to achieve over the next three to five years.
========
From the above statement, it may give a hint that that performance of the current QR (Jul 19 to Dec 19) is quite satisfactory.

Salutica may climb higher, says RHB Retail Research

KUALA LUMPUR (Dec 18): RHB Retail Research said Salutica Bhd may climb higher after posting another white candle and leaving an upside gap.

In a trading stocks note today, the research house said given that yesterday’s long white candle has recovered above the 21-day SMA line, indicating a positive sign.

“A positive bias may emerge above the 74 sen level, with an exit set below the 66 sen threshold.

@MingGoon, Currently, Salute is in the midst of securing 6 more new customers, one each from Australia, Canada, Europe and Vietnam and two from the US.
=======
Very good news, Look like u have insider info.

BOB, Salute new model does not give superb result, any links to share with us?

impressive, yes, the uptrend quite strong and stable.

One fine day, the ship leaves the wharf without informing the passengers..
But whether it is a solid rebound or just a temporary rises, only insiders know..
A clue to consider is why there is a gap of opening when compare with the yesterday closing.

It is another case of FLYORDIE (fly or die)..
However if you wish to challenge, then no harm to try some..

Hi, Good morning，

Now is Dec 2019, 2nd QR performance is going to end soon. If insiders get good news, sure going to buy in and cause the share price spikes up b4 QR releases.

But, what happen if this QR still not profitable or little profit...?

Anybody has some sales info?

Let see what happen on Monday

VERY BAD COUNTER.
CANNOT TRUST THIS COMPANY MANAGEMENT

Main biz sold, now no main biz and still need to incur huge directors remuneration and nett off still incurred few million losses. No Biz prospect
..

It gonna to stay and cross-over RM 0.14 psychological level to begin with...

Buy after 0.21, is it?

What happened to the comments here, really main main saja

The bad part is Indo gov't might need to fork out more allocation (via tax) to cover the shortfall if they want to push B30 biodiesel programme. The extra allocation may be sources from the possibility of uplifting the palm oil export duty as well as windfall tax.

On 29 November 2019, Multi-Purpose International Limited ("MPIL"), a Labuan company which is wholly owned by Magnum Berhad (and which was set up pursuant to the Selective Capital Reduction ("SCR") exercise by Magnum Corporation Berhad), had received via e-mail notices of assessment for income tax dated 29 November 2019 for the years of assessment 2014, 2015, 2017 and 2018 amounting to RM40,361,327.82, RM40,378,374.75, RM38,755,291.78 and RM24,555,383.55 respectively. On 2 December 2019, MPIL received via e-mail the notice of assessment dated 29 November 2019 for the year of assessment 2016 amounting to RM38,754,296.16.

The Inland Revenue Board ("IRB") now claims that MPIL should be taxed under the Income Tax Act 1967 instead of the Labuan Business Activity Tax Act 1990. Since its establishment, MPIL’s income including its interest income had been duly assessed under the Labuan Business Activity Tax Act 1990, a position which the IRB had never questioned in the past. Upon consulting its tax solicitors, the Board of Directors is of the view that there are reasonable grounds to challenge the validity of the said notices and the penalty imposed. This is especially given that the interest income which the IRB is seeking to subject to income tax had been disallowed as interest expense which were incurred for the same SCR exercise at the hand of the payer namely, Magnum Holdings Sdn. Bhd. and reflected as part of the settlement of previous tax audit conducted by the IRB on the Group in 2017.

It is anticipated that there will not be an immediate financial impact on the Group as the Board is seeking to secure a stand over pending the resolution of this matter.



This announcement is dated 6 December 2019

It's Almighty! Taxed RM183 Million
December 6, 2019
(Kuala Lumpur, 6th) Magnum (magnum, 3859, motherboard consumer stocks) has once again become the dead soul of the inland tax bureau's tax recovery!

Magnum filed with the exchange, and the Revenue Authority stated that Multi-Purpose International (MPIL), Magnum's wholly-owned subsidiary in Labuan, owed a total of 182.8 million 467.46 ringgit in taxes from 2014 to 2018.

In May 2017, Magnum's subsidiary, Magnum Holdings Pte Ltd, was fined by the Revenue Department for a total of RM47.47 million in fines and taxes.

Not bad, RM 0.67 has formed a strong base.

Opportunities arise when they is a uncertainty.

If a biz is certain to make profit, then the PE will be normal (PE=12) or high.

The common phrase to say is high risk high return, low risk low return.

The most important aspect of all the consideration is that the biz prospects of the co must be good.

13、马云谈机会

如果一个方案有90%的人说“好”的话，我一定要把它扔到垃圾桶里去。

因为这么多人说好的方案，必然有很多人在做了，机会肯定不会是我们的了