Comparing to 2015 and 2017 performance, Income Statement, Balance Sheet and Cash flow statement; In all metric, it's operating at 3-4X better. I lazy to compare all the way back to 2013. Inventories and trade receivables are still high. It's gonna be lousy quarter only if the CFO gives crazy ass long credit term or write off.

For moneykj's statement, he has a point on buying some counters with high PE especially asfter successful restructuring and going in to reversal. Super high PE when the business is going through transition from loss making to profit. But the irony is, wouldn't 2013-2014 massacre fits exactly like what he suggested of buying at high PE. It looked like it's going into profit from losses, and for some reason, people chased from 0.10 without 0.50 with the company not making money. The difference now is it's has been profitable for past 12 quarters with 3-4X it's revenue, earnings, and cash equivalents if compared to 2015.

Based on IRIS quarter, they didn't make major move last few quarters. I don't think there will be lotsa changes to IRIS financial status. Unless, moneykj staging another slaughter, I'm all in. =D

For lbtan83, now having a loss of 33% only puke bile. if the price went back up to RM1.00 He is gonna puke blood. Only way he is gonna feel better is it drops all the way down to RM0.10.

If don't believe, you go see the cash equivalent in the cashflow statement.

This company sits on cash...Later, he song song declare dividend...U APPL dy...=D

The unker very scared he made mistake selling...

Me on the other hand also very scared that I made mistake buying...

Historically, increased in inventories will decline rapidly and convert to revenue. I might me wrong.

Good for u. Stay far far away k?

If my maths is correct, there should be decline in total inventories. The steeper the decline, the higher the inventories conversion. I hope to see reduced turn over days in inventories and trade receivables.

I don't believe so Goldman...I think this state is temporary...

I don't think it's the management. But the market is. ROE of this company is about 8-10%.
For private equity funders, they have better access to information like contract values n etc.

The market can only react when the contract materialize as reported in EPS.

Good...I need the market to keep it downtrend. My lawyer & banker is really slowing me down this time.

If shark wants to press...please do so, lim pe want collect...

Eat full nothing to do, made a study on Frontken's last 12 QR...

Ramai orang hutang dia duit lo...Don't know when will materialize into EPS.

For a while, thought of selling...Given the direction of the company, low debts and aggressive expansion, worth to keep. Spent 60 million worth in 2017, more than 2015 and 2016 add up.

The CFO must be damm kedekut. Control the money like his own. Very rare to find this traits in market these days.

Generally, Malaysian are constantly screwed over by steel industries. That explains poor PE as general future prospect is pretty grim considering technological advancement in this field is pretty quick and entry barrier to this business is not that great. All steel players are constantly under cutting one another shrinking profit margins.

I don't foresee any steel business now would last more than 5-10 years if they don't invest in new technology to keep their profit margin. I would however invest in new steel business. General market share will grow, and if these young business knows where and what to invest, they should do quite well. It's hard to teach old dogs, new trick. *Hint: LeonFB

It’s profitable business...so, it doesn’t need to be GLC nor OnG to go up...

If they announce dividend, then sure rocket.

@shareinvestor88, I’m small fish...I buy on monthly basis when my salary comes in...

Since I don’t know how or when to sell, I just buy whatever business I think is good and keep buying...and only sell when I need money...

So, if it goes 10c up or down doesn’t really bother me.

Uncle John, u bought at what price? I tot u failed to queue at 1.17? U bought at Rm1.28 and sold at RM1.29?

Many screams run for life after selling simply because he doesn’t wanna feel like an idiot when price goes up.

I think EPS is more important than PE...

I was addressing the possibilities of how dufu will worth RM2.88...

PE 14 by capturing notion market share...
How much Notion drop = how much DUFU gain...

How about that?

Enquest has gained 26% in a month time. That's what unleash of the Kraken can do for enquest. Let's see what the Kraken can do for us.

What’s ur problem issy? It’s not t+4 until Tuesday...and if it’s so good, maybe the real T0 starts on Monday...

The volume doesn’t reflect real bad ass contra player entering. Maybe they are coming on Monday. =)

Armada C-27 is gonna gimme 300% return....if IB selldown on monday, I'm gonna burn my bet....
I'm betting against bank...

Now, Enquest has validate it's prospect...Then, it's safely assume that they are going to pay full charter soon to Armada. Even if the earnings aren't report in the next quarter, it definitely will the one after.

Just the question is, if you will still be able to get at this price. Yes, you will. I foresee a sell down by institutions to buy off from panic sellers and then sell back to the market when earnings materialize.

Because in the market, there are more people reading i3 investor than the company's prospectus and balance sheet. (FACT).

I thnk Issy is from CIMB bank...and he has no more shares to sell down? Just my random guess...

It "might" be flattish...but the prospect is good...
Those OnG counters that are still profitable when it was USD 45 per barrel are gonna make better profits with USD60 per barrel.

Hibiscus, Yinson didn't rocket for no reason...

For a good business, how high is high le?
For a bad business, how low is low le?

Risk is just a matter if you know what you are doing. If my information is correct, then, DUFU will report good earnings in Q2/Q3. But maybe not Q1. By that time, Uncle John is gonna say "got support at RM1.80, high risk". But Uncle John will forget that he once said that when DUFU is having a support RM1.17.

Uncle John, why bother queueing if u r not buying part of good business...got support then don’t want liao?

Dufu is not a tech stock...it’s industrial product...they don’t own any “tech” and they are not selling any tech...

Their product are services in manufacturing bits and pieces of electronic component....

But from manufacturing standpoint, it’s still cheap...

Any calculation that indicates next EPS will be EPS 8 above?

can someone go through their balance on 2016...The profit margin didn't looked right....

And the profit margin in 2017 are even weirder..It's like total opposite end...

what changed?

leslieroycarter, the EPS is good. Just a matter of time market realizes it and light TA's chart like Christmas tree.

But selling Heng Yuan and buy VIS was a bad bad bad move...

My money didn't come in time...else, would hv pump additional fund into HengYuan at RM10-11...And make easy 33% return in a month....

Price can't go down but only go up...Agree leslieroycarter, should hv sold before Ex date, then buy back after...

Company fundamental is not only remained strong. It's getting stronger. Can make money from market sentiments by selling before ex-date and buy low from panic seller after ex-date for solid fundamental growth.

I was hoping someone here could disagree and we can have proper discussion on educating each other. Sometimes, we only want to see what we want to see. That's may not be the full details of the picture.

I will however recommend VIS. I forgot to check on VIS. Despite dilution, latest QR report increased in EPS. I still combing through the report if they hv sold something and if the trade is beneficial to the company.

If you are a day trader, the easiest thing for you to do to get advantage is actually shouting "sell, buy or run". If he is willing work abit harder, then he gets a super-outdated link that support "sell, buy or run". For this counter, I believe that would be the incident from Sept, 2016.

Unless someone here, has access to concrete financial material, I wouldn't be too bothered with day to day fluctuation. I only work 4 times a year when my counters are publishing their QR report.

@PW888, This is my humble point of view, The company took years to stabilize it's business. The profit for past years was erratic. Until last 4 quarters, it has stabilize at about EPS 4 at about profit margin of 15%.

As long as the loyal customer is doing well, it's very unlikely DUFU won't. I don't think DUFU has massive plan on expanding as they kept paying dividend. Let say they maintain 50-50 sharing, DPS would be 6-8sen per year, given investment price of RM1, that's a good 6-8% return. As for immediate gain, it's currently trading slightly under value at PE8, if the market average is PE 10, there is a potential immediate 25% gain. As for what period, I won't know. As TA fellas bila mau promote some weird "doji" or "head & shoulder". If it hits PE 12, I will exit as it has overvalued unless there are sign of EPS is going to improve coming quarters.

As for capturing Notion, market share...We don't really know what's their deal, even less about their compliance to standards. Let's just say it's one off thingy and it's an outlier. As for the sharebuy back, what I foresee is they try to cushion the impact on reduced EPS from increasing inventories if they are handling Notion's orders. I suspect next QR, u will see slightly smaller EPS with increase inventories/operational expenses. But Q1,Q2 '18 should report pretty fantastic result. If annualized EPS hits 20sen for 2018, PE8, PE9, PE10 will be RM1.6, RM1.8 and RM2.0. Else, collect 4sen a year from RM1.2 investment isn't too shabby.

I'm too noob. I only study simple business that I can understand and try to forecast their earning. E.g. what they do, what is it price, how much it cost, what's the margin, and if there are too much debts. I don't pay much attention on if they are expanding or securing big ass project. I mean, alot of business can secure billion dollar worth of project and lose billion dollar at the same time. The business is too complex for me to understand.

Most here in i3 all talk with personal agenda...

Very little about facts...

2:1 Bonus issue.

So many contra players...One fella say contra at risk...all run till no tail ar?

Next week go up...CIMB will start buying back the shares they sold to press the price to prepare next round of pressing...

Deferred tax means it didn’t pay...
When Masteel does pay, then they will report relatively poor QR in future...

good to know some investors here aren't stupid...

That’s so written for Armada-C24 by CIMB...

If it’s not because of loan over 2015, 2016, they could easily increase EPS 25%-30%

And if u guys bother dig deeper, there are more people owing him money than BA owes people money. If BA were to charge interest, BA would hv made even more money.

Anyway, thanks Niki for asking the right question that has lead me to make further research. If u r interested, we can discuss further in private.

What I understand from your statement, In a simple term, you are saying for that particular project, (Revenue - Opex - Cost of Finance - Tax = Profit). And you are asking what's the figure for the cost of finance for that particular project. That's kinda tough.

You will need to rub shoulder and have dinner with people from inside.

spinninglotus What's disappointing quarter....so so only
23/11/2017 16:44

2013, Price average RM2.40

Revenue Q1 - RM488,755k
Revenue Q2 - RM481,230k
Revenue Q3 - RM546,305k
Revenue Q4 - RM556,714k

Now 2017,

Revenue Q1 - RM404,173k
Revenue Q2 - RM694,419k
Revenue Q3 - RM641,391k
Revenue Q4 - RM????k

In fact, if you bother to scroll all the way back to 2011...the last Q2 & Q3, 17 are top 5 highest revenue since 2011. Where exactly is the disappointing part le?

I mean if you are waiting to reload to buy in, then, I will keep my mouth shut and let u have the chance.

What's i'm saying is...It's about time all the bad paymaster starts to pay their debts so that Armada can start reporting better profits in coming quarters...

I don't know what the hell are you guys thinking...

At the end of 2014, Brent Crude was USD100, EPS 2.29, PE 22 trading at RM2.40...

Now at the end of 2017, Brent Crude is USD45-USD60 (June-Sept), reports EPS 2.11, and price maintains above USD60 (Oct-Dec), another forecasted EPS 2sen if not more, cumulative EPS 7 with conservative PE15 if compared to 2014, the price should re-rate to RM1.05...

In 2014, total EPS for that year was 10.86 sen trading at RM2.40. That was with USD100 per barrel. In 2017, they are making about the same amount of revenue with just USD45-60 perbarrel.

That means, they have improve their operation alot, at least 40% leaner. Year 2015-2017, is tough year for them but they remain very resilient and off-load alot of deadweight.

sell to who? You are sheep?

Nobody check the price every 5 mins one la...One year QR only put 4 times...

In between are a bunch of punters...if u wanna study punters, that likes doing research on mental sick people in psychiatrist ward...as if u hv any idea on if they have any idea what to do next...

PE 5, RM1.1...for every dollar u invest, u get 20c earning...if declare 25% earning as dividend, u get 5% for your 1 dollar investment...

If price re-rate to sector average, PE 8 = Rm1.6, PE 9 = Rm1.8, PE 10 = Rm2.0...

QoQ revenue has grown up by 15%...but NP doesn’t increase much...so, it’s just a matter of finding out where did the money go and if it’s gonna make more money...

If they use the revenue to pay their loan...then, cost of finance will comedown... coming QR earning will improve significantly...

End of year...Most fund managers are locking in their profits to claim their fat bonus...

When next year starts, they will buy back whatever they sold and start over.

Damm good QR...why the naysayer all diam diam? Oh yeah...All go queue dy right?

Not brave heart...with brains...