Uchitec price is supported by its dividend. Expecting sustainable dividend of 18 to 19 sen annually and increases in future at single digit rate. This is a "bond share". We shouldn't expect Uchitec to grow as fast as semicon company because it is not one.

Hi Jeffson, I'm not sure who's #1 and 2. But I'm very sure Wistron is #3, by analysing a few figures in the quarter report. And I guess Roland and Sonos could be #1 or 2. Both 3 customers experience tremendous growth in revenue y-o-y especially Roland and Sonos revenue grew more than 50%. However, these companies sell not only speakers.

Uchitech is growing with Jura

No so difficult to go to 2.80 again. Just another equally good quarter report will do.

Hi Guys, would you be able to name top 3 customers of FPI by revenue? Let me start first. No. 3 is Wistron.

12 sen + is still good because one month + lockdown. As I said, the market is here in Malaysia and is not running away from Yamaha. No worry. This is just a winding path to return to EPS RM 0.90 - RM 1.00 annually (excluding Q1 2022). Therefore, good opportunity to collect at current price or till early December before the next good news is out.

Good time to collect the shares from now till early December.

And expecting EPS to be able to maintain 24 sen annually next year. Reasonable?

I'm expecting EPS 6 sen per share at least, for Q3.

Missed the AGM this year. :(

There are 6 factories under Liihen Group. It is not surprising if some of these had completed the vaccination slightly earlier.

Cherry88 thanks.

Although the business will recover as soon as the workers are vaccinated and back to work by mid of September, the price will recover only by end of this year or early next year because the report comes later than the change / progress.

Ya. No div for this quarter. Wait for next year.

I guess this time EPS very low. Maybe 0 to 5 sen

Sasword hahaha. U believe it or not it will touch 3.30 again within a week. Hahaha.

The mistake that I discovered: Should be HIGH instead of LOW single digit revenue growth in USD for FY21.

I guess it is close to the time to re-open, probably on 1st Sep. Maybe government will seize the opportunity to announce the permission before the National Day.

Convert to Liihen :)

Big thank you to Cherry88 and BPPLAS management. Excellent result and generous to minor shareholders.

https://www.google.com/amp/s/amalmedia.co/2021/08/12/30000-pekerja-sektor-perkayuan-divaksin-segera/amp/

According to this article, MENTERI PERUSAHAAN PERLADANGAN DAN KOMODITI (from PAS) will help the manufacturers to grant the permission to resume operation.

https://www.sinchew.com.my/content/content_2528632.html This is the news that about one third of the furniture workers in Muar have received 1st dose. If this started from 02 Aug, based on this rate, by end of August all of the 30k over workers in Muar (all furniture companies) would be able to receive 1st dose and and about one third of these will complete 2nd dose.

Looks like the price for 2 doses is RM 85 per pax. Anyone got any idea how many worker Liihen group hires?

@cherry88 the vaccination via PIKAS at Muar is still in progress according to some news. Do you know when Liihen would be able to complete first and 2nd dose? Thanks.

This fiscal year should be able to achieve EPS RM 0.90 +/-.

Base on sales figure, next quarter report EPS should be higher y-o-y but achieving less q-o-q.

Negative side of this stock is that its profit is hit by the lockdown. Positive side of this stock is that it is not going to loose the market share (future sales) because it generates most of the income from domestic market. It will survive this pandemic, may distribute less dividend this year but EPS should be able to recover in next Fiscal year. If you're holding this share, your investment should be safe but may have to expect less dividend this year.

I think Uchitec will stay at RM 3++ for quite a long time. This is a dividend share and you can expect dividend of RM 0.18 per share each year for the next 5 years. This dividend yield is almost 3x the current FD rate, so to have part of your money invested in this kind of stock for steady stream of cash flow is a good strategy to stabilize the entire investment portfolio while you allocate the rest of your money in more adventurous shares / business.

Thanks JKing

Hi JKing, mind to share the criteria you used to estimate the 5-7 cents EPS? Thanks

https://www.enanyang.my/%E6%9F%94%E4%BD%9B/%E9%BA%BB%E5%9D%A1%E5%B7%A5%E4%B8%9A%E7%96%AB%E8%8B%97%E6%8E%A5%E7%A7%8D%E4%B8%AD%E5%BF%83-8%E6%9C%882%E6%97%A5%E6%8A%95%E5%85%A5%E8%BF%90%E4%BD%9C

When it reopen for business?

This is 3x of Johor's population

https://www.thestar.com.my/news/nation/2021/07/10/almost-13-million-doses-of-covid-19-vaccine-to-arrive-in-johor-this-month-says-tmj

Hi Cherry88, I'm not sure if the margin in Q2 is expanding as resin price increases sharply in Q2 compares to Q1.

I think someone has been waiting for Kenanga's report to sell :))

Almost at the end of the tunnel. Wait for one more week (probably this Friday) it should be able to turn around following some good news.

Why sudden drop?

Resin price rise very steeply since March this year. Have to be careful.

Furniture is labor intensive business. So lock down or run at reduced capacity has a great impact to the EPS.

Anybody know what kind of furnace is used by CSCSTEL?

So I think the bottom is above RM 3 because there is a thick dividend cushion.

The result is impacted by one-off factors so don't expect a deep dive of the share price unless it gives you another poor quarter. The EPS will normalize in Q2. What you saw is already in the past. I think the latest circumstance is quite good and that's the reason behind the higher dividend declared. Just my 2 cents here.

Even if at RMB 5,350 (equivalent to RM 3,470) a ton our steel mills will be laughing all the way to the bank.

Q2 profit will recover to 10 sen per share if no shut down again. Q1 profit drop mainly due to extra labor cost following 4 subsidiaries shut down for 4 weeks long, of which the cost is not transferrable to customers.

Hi Mikecyc thanks for the div policy info. If div policy is min 50% payout then I think there will be special div before end of this year. :) Profit will be much higher in Q2 I guess. Although steel is cyclical I think there's some structural change due to new policy in China. So this is the beginning of the new era where margin for steel mill will be a lot healthier in 2021 - 2030. China no longer needs a lot of steel for infrastructure so they dont have to maintain at extremely cheap price but a more "reasonable" price for overall good of their steel companies.

Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.

My estimation is based on average iron ore, coal, limestone in Apr & May. I'm taking HRC selling price for reference because I don't have CRC reference price. CRC price should be higher than HRC so I think my estimation is conservative. Assumption is based on 128,933 metric tonne output / sales in Q2.

Hi @stockraider & @AngryBird, mind to share if you do estimate CSC 2021 Q2 EPS? My estimation is RM 0.10 per share. Is it the same as you? Thanks.