Result is final judge... See Monday share price's result...

Ssteel share price Up obviously is like aax in previous quarterly result. People expect aax will perform good and so, many people chase in to buy the stocks. Then, bad result come out and share price drops like no tomorrow.

Decision: Better SELL.

Without one-time-off gain, result is poor. Market knows that. Tomorrow SELL day.

Very likely 5% to 10% price correction coming after UMA and huge 2 days' price rally...

Too hot stock means... Time to accumulate or time to cabut??? time to ponder

Hi Alas. I read the quarterly report said esos is non-cash cost adjustment. Will that affect net profit?

All bros and sis, in technical analysis, when price is down with VOLUME much higher than the UP volume, this simply means CABUT...

My view is result is good but announce earlier so that those of you thinking that result is not good & need extra money to subscribe, so SELL off your holdings. Then, the market maker will take away your stocks. Waiting for 1 year and finally cheated by market maker again because you sell off already...

Thanks Tradeview. I agree with your 3 points. HOLD.

Hi nocindycat. if there are additional shares received by eg-wc holders, then, the impact on eg-wc will be lesser but how come eg-wc price drops so much? Is it more dilution on eg-wc? Anyway, thanks for your explanation.

I am thinking to buy eg-wc now as eg-wc now price drops to RM0.58 but i have no idea the actual premium paying after right issue and bonus issue.

Exercise price for eg-wc is RM0.50. Now eg-wc is RM0.58. Let say rcps is RM0.95 and with bonus issue, can anyone tell me what will happen to eg-wc after rights issue and bonus issue? I mean mother share will be at how much and eg-wc will be at what premium paying? TQVM for helping me to know this answer.

bonus issue... emmmm....

Be careful with TekSeng. current quarter's profit is contributed by ONE-TIME OFF OTHER INCOME RM8 million+.

At 18/11/2016, I posted here saying that SELL ifca. At that time, price was RM0.325. I said RM0.27 coming soon. My worst prediction is RM0.23 coming. Now price is RM0.235, near my worst prediction. From RM0.325 to RM0.235, that is RM0.09 drop or equal to 38% if you want price to move up from RM0.235 to RM0.325. CUT LOSS... You will have a second chance to fight back. Good luck guy...

Next quarter's result will be remarkable, much better than the current quarter's profit at RM5.42 million. Stay tune...

Frontken is a counter for long-term investment, not fast money. Good Luck

A good counter... sayonara...

How much the major shareholder holding? if 90% and above, Horace, whether you like it or not, mandatory take over happens.

Yesterday watched wwe wrestling. Goldberg vs Brock lesnar. Goldberg said if i go to hospital, i must make sure that Brock will go with me. So, coming election, you guys know what to do right....

Hopefully RM1.60 can sustain.

Yes, last year after poor result on Q1 2015 due to shipment delay, price drops 12 cents in the coming 2 days from RM1.31 to RM1.19 or nearly 9%. If current price drops 12 cents, price stops at RM1.57. If price drops 9%, price stops at RM1.54. Both price shows RM1.60 can't sustain well.

Shit... last friday just bought 30 lots at RM1.71. Thought that good QR coming... now RM1.45 coming...

Hi Merck. contact lense starts selling to HK, great... Any other update???

Just now bought 100,000 units at RM0.05 and sold out at Rm0.06. In % return, 19%... wow... fast money. tq, perisai.

AGM update, please... tq.

Chinwell's result is weak, just like mflour. See what happens to mflour. Then, 5% drop is normal... expect price drop till RM1.55. If RM1.55 can't stand firmly, then, expect price to stop at RM1.45. Fundamentally not good, price may drop further... Good luck.

Not 10 times PE, is 10 times operating cash flow...

Support (a) RM0.27 (b) RM0.23 (c) RM0.175 (d) RM0.155 (e) RM0.115.

My worst guess: Price may stop at RM0.23. Why? (a) IFCA got cash nearly RM60 million. (b) Latest cash flow is RM2 million although profit is less than RM1 million. Assume 4 quarters cash flow is RM2 x 4 = RM 8 million. Give it 10 times PE, RM80 million + RM60 million cash = RM140 million. So, Now nearly RM200 million, another 30% drop coming. Price will likely stop at RM0.23. So, my suggestion is hi guys, unless you have confident on property365, or else, SELL first. BUY back at RM0.23 to RM0.27.

Good luck... Good night...

SELL... Price drops till RM0.36, first stop & rebound. Next, drop till RM0.33, then rebound. Today break below RM0.33. Next stop is RM0.27. There is RM0.325 - RM0.27 = RM0.055. That will be another 20% drop coming soon...

Action is SELL...

B4b4, it is ok, no need to say sorry. In R&D, i may do wrongful interpretation as well. Take it easy...

eversendai coming...

Chinwell coming...

B4b4, please give figure correctly. 5199 only has 50% ownership in Anasuria, not 100%. So, Anasuria's worth 851 million only has half value belonged to 5199. Moreover, the revaluation is based on many assumptions as quoted in the report. If these assumptions can't establish, then, the value may drop back again.

Anyhow, 5199 is a good bet for technical buy. Fundamentally, this is ok but not next year with high decommissioning, depreciation, admin expense, other expense, tax, capex and opex.

After many days rest, tecguan either today or this week will move up above RM2... cheers... morning...

Great to join you all to earn 5199 money. Anyhow, a little caution needs to be highlighted for 5199:
(a) Depreciation for last quarter is RM14 million+
(b) Decommissioning last quarter is RM4 million+
(c) Capex for 2017 without expansion is USD 22 million in table 3
(d) opex for 2016 is estimated at USD 20 per barrel but latest report is USD 23 per barrel
(e) Other expenses & admin expenses huge amount (see report yourself)
(f) Look for other operators in North Sea, UK, inclusive of Detnorske, Lundin, Cairn, Ithaca, EQ, Premier Oil & Faroe, most of them do not report good net profit margin.
(g) Kenanga's report quote 5199 based on asset, not profit basis. why? Earlier 2 quarter's profits are mainly derived from North Sea's asset revaluation. Last quarter's report has many impairments and many items. Read carefully to know what you invest.

Decision:
I still buy 5199 because the technical chart is very attractive to me. Fundamentally, if oil is above USD 60 per barrel, this stock will move to at least RM0.40.

Estimated coming quarterly report (VERY GOOD)
(a) Every 1 to 2 month, there will be an offtake of oil. In March & May, there were 2 offtake. So, in July to September 2016's report, there will likely be 2 offtakes in a quarter (likely July & September). So, the volume of oil sold will be much more than earlier report. Huge sales coming.

(b) Average oil per barrel for April to June 2016 is USD 40 per barrel. From July to now, average oil per barrel is USD 48. That is 20% jump in net profit.

(c) In 2016, there will be only USD 2 million capex as reported in Table 3 (see quarterly report yourself). So, with less capex incurred in 2016, coming report will be a good number

(d) Expect net profit over RM20 million in the coming quarter but DON'T expect good number in 2017 as captex and decommissioning cost and other expenses and admin expenses and depreciation will take away the good profit.

Enjoy the ride. Cheers...

Note: I sold out most of my 5199 at RM0.28 to RM0.29. Now only hold some.

Just now at RM1.78, i not sure want to add or not, but after a while, price shoot up already... never mind, wait see got any desperate seller coming or not...

PlsGiveBonus, i also hope i can collect cheap... any price below RM1.78, i will tambah...

Pelikan is coming after finish consolidation at RM0.75

Aizuddin1199 ask me I bought at RM1.78? Yes, i bought at RM1.78. Now price above RM1.90, my money is safe. Usually i don't chase high but if there is a hidden gem, why not?

PlsGiveBonus, it is ok. I just like you all, try to find any hidden gem. Today i just discover a hidden gem, Pelikan. Anybody interested, when pelikan retrace, go & buy. This stock just reported RM19+ million. This result never happens before since 2010 & has been 2 quarters in a roll reporting +ve result.

thx steve_usa. I hold my share tight tight... RM3.50 my TP...wow...

today tecguan limit up?

Hi Killer. You are very analytical. Good.. tq for your analysis. I also ignore this part. Well, there is no answer in the annual report. But instead of looking at the company's account, i usually pay more attention on the consolidated group account. As far as i can see, in 2015, current asset can't cover up all liabilities with a big portion. In the latest quarterly result, current asset alone can cover up almost all liabilities. Also the current asset is with over RM40 million+ cash on hand. That tells me that I don't have to concern about the company's financial position.

Hi PlsGiveBonus. How can tomorrow price going up north if freezing price at RM1.78 is not waive yet?

Hi Stockwatch. Thx for your sharing. Update info to you all. Earlier Teck Guan's core business is cocoa-based 10 years ago before the maturity of palm oil. As palm oil reaches maturity, most of its business come from palm oil. The latest quarterly result states that 98.03% of its sales come from palm oil.

thx, imoogi99. I will study that...

I could not find yet any other palm oil counter with PE less than 8 times. Can someone recommend to me? I glance through almost all counters+ with palm oil related business, except Jtiasa. But Jtiasa is very expensive, more than 15 times PE. I could not find tecguan in the palm oil business earlier because this counter does not report its monthly production report, a little bit weird for a palm oil counter. So far, other counters all report their monthly production report.

Yes, aizuddin1199. I bought at RM1.78. I know the risk is very high at RM1.78. That is why i said if price got retracement, i will tambah at cheaper price to average my cost. Anyhow, I believe tecguan is a hidden gem now just discovered by investor.

I would expect bursa will release the freezing soon as the mechanism is to rationalize investors to buy or sell based on fundamental, not speculation. Likely next week the release will come. Anyhow, if there is any cheap sales available, I am planning to buy more average down my cost as my cost is RM1.78, very expensive.