He is correct. It is comparing with immediate last qtr.

Big boys were just trying to shake out ikan bilis in the last few days. Wait for the coming QR to give the share price a boost if possible.

Murali. The Log & FFB production was actually higher when you compare with 1st Qtr 2015.


log: q1 16 = 101,959 ( + 27%)
ffb: q1 16 = 122,365 ( + 11%)
cpo: q1 16 = 33,075 ( + 18%)


-------------------------------------
log: q1 15 = 80,018
ffb: q1 15 = 110,648
cpo: q1 15 = 28,054

We just want to understand more about its business. If not, how we dare to buy more?

Is it the waste management plant so powerful that contributing the great reduction of material costs by mixing DMMA with MMA in the production of cast acrylic sheets?

News: Thursday, 30 July 2015

KUALA LUMPUR: Asia Poly Holdings Bhd has proposed a rights issue and a special bumiputra issue with the aim of raising funds to retire part of its borrowings and to set up a waste management plant, as well as complying with the bumiputra equity requirement.

In a filing with Bursa Malaysia, the cast acrylic sheet manufacturer proposed a two-call 2-for-1 rights issue along with free detachable warrants on a 1-for-3 basis.

The ACE Market company, whose share price has more than tripled since the year started, also proposed a special issue of up to 15% of its enlarged issued and paid-up capital to bumiputra investors to be recognised by the International Trade and Industry Ministry.

The proposed exercise, among others, allows the company to raise capital without incurring interest costs, issue new Asia Poly shares without diluting the existing shareholders’ equity interest, and adhere to the 12.5% bumiputra equity requirement.

The issue price of 10 sen per rights share will be payable in two calls - first call of 5 sen per rights share to be payable in full on application and second call of 5 sen per rights share to be payable via capitalisation of the share premium and retained earnings of the company. Entitled shareholders won’t have to fork out more cash after paying for the first call.

The warrants, meanwhile, will have an exercise price of 10 sen per warrant.

On the proposed special bumiputra issue, Asia Poly noted that the Securities Commission, in a letter dated April 23, had given it 18 months (by Oct 22) to meet the 12.5% bumiputra equity requirement. As at Dec 12, 2014, bumiputra investors held only 0.63% equity interest in the company.

Based on the first call of 5 sen per rights share and an assumed issue price of 22.5 sen per bumiputra share, Asia Poly expects the exercise to raise total gross proceeds of between RM14.8mil and RM17.69mil.

Of the proceeds, it plans to use RM8.9mil to RM11.8mil to repay bank borrowings, RM3mil to set up a waste management plant and RM2mil for working capital.

Asia Poly said the group had total bank borrowings of about RM18.45mil as at July 15. At the prevailing interest rate of the group of about 4.75% per year, it expects interest savings of about RM0.56mil per annum as the result of repaying the bank borrowings.

On the waste management plant, Asia Poly, which operates a factory in Klang, said the plant would allow it to break down and depolymerise the scraps/strips from polymer units to monomer units which are known as depolymerised methyl methacrylate monomer (DMMA).

“The DMMA will have an average purity of 96% to 98% and can be used in the group’s own production of cast acrylic sheets, where the DMMA can be mixed with MMA to produce new cast acrylic sheets,” it said.

The cost of DMMA is cheaper than MMA by 20% to 30%. By mixing DMMA with MMA in the production of cast acrylic sheets, the Asia Poly group will be able to reduce the total cost of raw materials and thus improve its gross profit margin.

It said the waste management plant would have a production capacity of up to 100 tonnes per month, which will be able to handle the recovery of 40 tonnes of scraps/strips per month.

Asia Poly shares have surged more than 40% since mid-June, and earlier this week reached the highest closing price (76.5 sen) in years. The counter closed unchanged at 75 sen on Thursday.

Uncle Koon is so kind to do charity. He would spend plenty of time to do share trading collecting money from ikan bilis slowly for charitable business. He understand that ikan bilis hardly donate big amount of fortune out of their savings. Therefore, he help them to make donation in another way. In case you can't make money from VS, your money would go into donation. Donation is the best consolation prize for buying VS.

Murali. It is indeed a very good deal to buy VS cause either you win money or donate to the poor. In the end, you would lose nothing. This morning i have learned something new from you by looking at more positive perspective. thx.

Don't be upset and blame others for misleading you in case something misfortune has happened in this stock. Because you certainly know that part of your money would go into donation by helping poor students for education, hostel...

Koon is sharing a bit good karma from you. No material how, the real donar would enjoy most of the good karma. Don't hesitate to buy more.

Being honest in what sense for a profit oriented businessman?

Please buy. You could be donating money to charity under the name Koon Koon. Not too bad la.

Venfx. You right. Buy back to keep now.

Just managed to earn coffee money from uncle Koon. kamsia.

Not sure how its performance in coming QR. High risks to hold export counters now.

Better to stay sideline watching until announcing of QR.

It is better for BJCorp to sell more to pare down its loan.

What auditor do is to base on evidences derived from the company or INDEPENDENT external parties to form an opinion in the accounts. It is very simple. If the company is able to provide sufficient evidences to auditor, the auditor has to sign off the accounts.

Now, Media has awarded him a new title " Tycoon". Fine for not obeying the law..sup sup sui la. He is so enjoying now. Go for vacation? Nobody notice and nobody call you tycoon anymore..Haha.

i4investor. You asked Uncle Koon not to buy stock anymore? You must be kidding. Without buying and selling stock, his life would become miserable. We certainly can't feel the role of being God and Demon. He does very well in trading stock and he would keep doing it until end of his life. How he can resist from not involving in stock market? Go vacation is not his cup of tea la...Never expect an old man would change his mind..Haha

Good bye.You may miss the opportunity. No 100% guarantee la.

Hard to say. It may deliver good profit after paring down its loan and positive contribution from Associates in coming QR.

Trend is our friend. 2.50 is possible.

Cwingz. If you compare the closing rate, RM was actually appreciated by 5.5%.

Please look at the closing forex rate:

30 Apr 16 - 3.9236 ( QR forex loss ??? )
31 Jan 16 - 4.1526 ( QR forex loss RM 1.8 million)
31 Oct 15 - 4.2920 ( QR forex gain RM 14.6 million)
31 Jul 15 - 3.8215

Hard to guess now. VS would obviously suffer forex loss due to appreciation of RM by 5%.

Any news on its construction of new workshop???


PUCHONG: Solution Engineering Holdings Bhd expects to register a huge jump in earnings to over RM6 million for the financial year ending Dec 31, 2015 based on an internal revenue projection of RM42 million.

According to its managing director Lim Yong Hew, the profit growth will be driven by increased sales, as it is confident it will bag RM30 million worth of contracts in the second half of the year.

"This would bring our total order book to RM50 million by then," he told SunBiz in a recent interview.

For the financial year ended December 31, 2014, Solution Engineering saw a five fold surge in net profit to RM3.66 million compared with RM740,000 a year before.

Solution Engineering is involved in engineering equipment, lubricants, automation and biotechnology segments.

Last year, the engineering equipment division, which provides technical training equipment to the education industry, contributed 80% to the group's top line.

Lim said the group is looking to form strategic partnerships with government agencies in a bid to grab more opportunities within the engineering equipment business.

Solution Engineering also has plans to increase contribution from overseas markets which currently make up 15% to 20% of the group's revenue.

Lim hopes to increase it to at least 50% in the next few years.

The company has a presence in Southeast Asia, Bangladesh, Pakistan, the Middle East and Africa, covering 35 countries. The Middle East and Africa are deemed as the most promising overseas markets.

Over the longer term, Lim said the group has plans to venture into North and South America.

"We've to cover the whole world, but we've to identify the right partners and agents," he noted.

Going forward, Lim said the group is committed to improving its research and development (R&D) capability to come out with new products as well as increasing production capacity and facility.

Last year the group registered a lower net profit margin of 10%, due to the employees' share option scheme (ESOS) cost.

"Quite a number of our projects have a gross margin of 40% to 50%, but after deducting the operating expenditure, tax and finance charges, then it comes out to be around 15% before incurring the ESOS cost," Lim said.

The group is also looking at potential acquisitions, but nothing has materialised as yet.

"We've been approached by foreign companies, but that was out of our affordability range. It's still at preliminary stage, but we've initiated the discussion," he said.

Lim is hoping that the group could embark on one or two acquisitions, in its quest to move to the main board.

"We hope to have one in electrical and electronic, one in mechatronic, so this would complement our existing product range. But we (won't pressure ourselves), the acquisitions must be synergistic to the current business," he added.

Lim said the company's new 35,000 sq ft workshop will be operational by 2016 as construction work on it will begin soon. Partial funding for the workshop has been secured, with land and construction cost to range between RM10 million and RM15 million.

"We'll relocate our operation here (Puchong) to the new workshop upon completion," he noted.

With the new plant, Lim said the group's production capacity will more than double with full utilisation rate.

On challenges, he pointed out that Malaysian products are not widely accepted due to some perception issues, hence it may take some time to change the market mindset. "We position ourselves as a mid-range player, not too high end," he added.

Koon enjoys being in the spotlight. He is very happy now. This special occasion ....once in a blue moon. Time to open champagne for celebration. He must say thank you to i3 and all the bloggers who has been attacking him.

Mr.Koon I always support you based on the followings:

1.You have written good articles on shares especially Xing Quan, Rsawit, Jtiasa, Mudajaya and a little of Genetec. I have learned a lot on how ikan bilis were played out in the market.

2.You have a good thought/wisdom in your written articles especially on how a big boys launching a series of promotion activities (modus operandi) before engaging disposal a large quantity of shares.

3.You have the positive thinking in receiving good/bad comments. No matter what opposite opinions received you are willing rebuke in a positive manner ie..Idiot, stupid.

I enjoy reading whatever articles you have written.
Finally I wish you good health & happy.

very lucrative deal to manage his funds with more than 10% (guess) commission on the profit. What OTB would do to maximize his commission?

Koon is very smart one. Why he wanted OTB to be his money making machine for him rather than he manage the entire capital by he himself? Why OTB is the most preferable person to manage his funds even though there many qualified licensed funds manager in the market?

It would be a nightmare to kyy if the authority ban him from trading 1 year. Money is certainly out of question. How he is going to kill his time without share trading? It could develop Parkinson disease when a person do nothing at his age.

We all understood that we are accountable to our own decision. We have to do our homework. we dont follow others.. ...

Please not to nagging like nany again. thx

Yeah. We have to keep our cup not full of water for learning something new. No blindly wordshiping power and money. Why we still have to PLP here to gain attention or recognitions since we are not working for someone.

Probability. You have quoted nice examples...bananas and pong pong tree. I have learnedl something today. Thanks.

Murali. What is your final conclusion regarding to the psychology analysis of kyy? How his weakness would contribute positively to ikan bilis in investing in stock market?

This is one of the way to manipulate reader psychology. We tend to lose focus when our emotion turning into sympathy state.

Posted by Probability > May 14, 2016 05:56 PM | Report Abuse

wei...does psychopath always show how badly they are treated and ask for sympathy? I sensed this similar trait on his assistant too...

one saying got cheated by 290 students...the other one work 12 hrs a day...and did not make much money...may be in loss ..sacrificed for others..

His old version of program is very powerful. It was developed in Hongkong free market. Not easy to beat him.


Posted by Probability > May 14, 2016 05:47 PM | Report Abuse

we can amend any program C++, Python, etc by our inputs....but in Koon-mind's case the hardware & the program language itself is of a wrong version. :(..

This is part of the topic in stock market physiology. Must understand the super trader or investor actions in the marketplace.

Stock market is the doctor for him. That's the nutrition at his age to keep his healthy. His life will be very very dull when no market.

How can you resist from not playing the game for being the roles of God and Demon. At his age, what else fun he can enjoy now.

Don't worry. The supply sources of newbies will never be exhausted. That's how the game keeps moving forward.

That's why KKY is able to balance its life. The feeling of being a God and Demon in stock market. Si peh song.

Posted by murali > May 14, 2016 05:24 PM | Report Abuse

At one hand helping poor students and another hand killing stupid idiots in stock market...kind of SM feel? The old man is naughty, play God and also play Demon..

We all know that we are responsible for our investment decision and we have to do our homework.

Please do not nagging here cause cause we are all adult. Don't need to be reminded anymore.

Posted by Blurblur > May 14, 2016 04:46 PM | Report Abuse

m new to this forum.Allow me to express my humble opinion here. When anyone start buying shares, the aim is to make money.The truth is we sometimes make or lose money.Before we buy anysometimes there are 2 options for us,
1.to do our own research and buy based on our research
2. to listen to others (their research or rumours)
Whatever options we choose, the FINAL decision is make by us and when we act on this final decision we are ready to profit or loss.The responsibility is ours.

Have you tried eating poo before?

Posted by kiasuinvestor > May 14, 2016 04:07 PM | Report Abuse

其实吃粪便 对人体健康没什么危害的

Agreed.

Posted by murali > May 14, 2016 02:02 PM | Report Abuse

If he confessed to the whole world that he is suffering from Parkison Decease so that the mistake happened and I shall rest me case here.

If kky don't have time, but he got plenty of money. He can get few staffs helping him to sort it out. It is so cheap to employ staff in Msia. No excuse for against the law due to ignorance.

要區分君子? 小人? It simply depends on where you stand when you use these words.

Moral of the story..... Is it : Don't simply put a tag " Idiot " on someone. Don't curse someone beloved mother die?

People may not care not much if the delay submission in dealing securities is seemed without evil intention. Is it KYY seen to portray noble intention (fairness and transparency) while part of his funds managed by OTB and did a heavy promotions before the disposal?

http://www.thestar.com.my/business/business-news/2016/05/14/koon-not-the-only-one/

Facts is good enough for us to make a common sense judging in our daily life. You want evidence? who can confirm the evidence? By the time the authority confirming the evidence, your money might probably gone with the wind. This is the dieseas of a profeession. If you are an auditor, everyday you look for evidence to counter check this and that. But It would drive you nut when come to investing or trading in stock market.

The biggest issue is OTB managing part of his funds. Serious conflict of interest is obviously existed in his position. How can you do a business treating VVIP clients and normal subscribers equally? No need to be an educated person. Common sense is more than enough for the suspicious. KYY不知道瓜田李下这句话嗎?

Moreover, Kyy seemed purposely delay in submission of his substantial shareholder interests of the company after his disposal of shares following a strong promotion activities. How to convince ikan bilis that he is being innocently?

Of course, we cant expect him to tell the truth to the Public like a 3 year old boy.