eastern & oriental berhad report is out. looks like recovery on the way. international borders reopening in Mar will boost the price?

extracted from eastern and oriental report:
The hospitality segment recorded revenue of RM16.6 million for the financial period ended 31 December 2021 as compared to RM13.2 million. This marked an increase of RM3.4 million or 25.8%. The increase in revenue was mainly due to higher revenue generated as the interstate travel ban have been lifted for local tourists.

i am still waiting to buy on dips (below 60 cents). No chance at all

good recovery ooh. increased of first interim dividend compared to last year. software services growing. received contract from BSN too. nice nice

borders reopen means travel floodgate opening after more than 2 years of restrictions...

finally Malaysia international borders quarantine free reopening by 1st of Mar. will you recover now?

bosses wanted to deal during closed period. positive sign or negative sign? :)

another strong quarter in the making?

really strong and no chance to buy on dips :(

tp1.00? lets not trap more people. traders in this speculative stock must remember to set stop loss and do not fall in love with this speculative stock. set your target exit price, stop loss and execute it well. do not be greedy :)

nice thematic stock. waiting to buy on dips

forget about fundamentals for green packet. however, it was a good speculative stock in 2020. now that it has changed its management to one that is even more speculative based on the track record :) there is definitely risk based on the happenings recently. traders should manage the risk accordingly :) cheers

goldenshares, it is still surviving until today. Its getting more attractive in fact. I do think that the NTA will be reduced further. It should be worth 12 to 15 cents for now. Waiting for 0.06 opportunity to buy again.

rasa sayang's penang parking lot is full end of last year and buffett is operating. recovery on the way? hehe

Thank you 3A and all the best guys. Wish you guys made a good fortune here. Will hop in again when opportunity arises.

Its definitely good for mid to long term investment (>6 months). As for the short term, should be expecting 3A to report slightly lower profits due to the higher sugar price. Some of the impact can be seen from the last quarter results. The upcoming quarter results which is for Q3 and sugar price is at the highest for 2021 during this period of time. Not expecting a huge impact but perhaps a few percentage drop should not be a surprise.

Lol, MK76. Its up to the market force. Can see signs of desperation by the company to get funding and diluting shareholder's value through issuance of new shares repeatedly. Bad management practices.

Waiting for its quarterly report in less than 2 weeks time. Will be nice if 0.35 is available before its report

Finally reaching 0.09/0.095 which is 20% down from its last pp price of 0.115. Well played by the market force.

Both Kawan and Aji are having PE higher than 20 while 3A is at PE13. Sounds like a good baseline for comparison :)

Nice write-up, Calvintaneng. Its puzzling indeed that Genetec is able to rise so much and ignoring valuations.

Teo Kwee Hock has been increasing his direct stakes to 9.98% from 9.5%. What is he up to? The geo segment of its revenue showing foreign countries are growing strongly yoy. Looks like 2021 maybe a record year for 3A. Worth to invest some it seems.

New contract awarded. And Q3 and Q4 tends to be higher in terms of revenue and profits; probably due to the nature of its revenue recognition timeline. Not that boring after all :)

Rights issue has been cancelled and I do agree that there are lots of pp making it one of the most hated stock in KLSE. Can't compare with Serbadk though both are in the same mess of share price plunging.

Continue to observe whether there will be additional pp tranche for PP3 or announcement that PP3 is deemed to be completed?

PP3 for working capital seems to be meeting the proposed private placement quantity of shares for minimum scenario based on the announcement below. Ranging from 0.115 cents to 0.220 with total number of shares at 130131300; same as the quantity in the table section 6.1 of the document that was announced in July.

12-Oct-2021 13-Oct-2021 Private Placement 36,424,500 0.115 Additional Listing Detail
28-Sep-2021 29-Sep-2021 Private Placement 46,206,800 0.145 Additional Listing Detail
25-Aug-2021 26-Aug-2021 Private Placement 18,000,000 0.200 Additional Listing Detail
26-Jul-2021 27-Jul-2021 Private Placement 29,500,000 0.220 Additional Listing Detail

Technically balanced for the week between supply and demand. Will demand pick up next week and pushing it above 14.5 cents? Or supply pick up pushing it lower?

CC Puan has disposed a total of 138.7M shares starting from 19th May to 6th Sept at different price and different quantity; both direct and indirect interest. Based on the quantity and price announced, that will sum up to a total of $27.5M proceeds from the sale.

Seems to be a good counter; financially strong. Bought some today and decent dividend yield. It maybe a boring counter but will definitely survive the tough time including the upcoming rise in interest rate :)

Looking for opportunity to add on - the next irrational panic sales.

Not tips but just opinions from observation. Another thing that you should consider to do is to keep track of the quantity from each tranche for each pp plan. Each pp plan has a minimum and maximum pp shares to be issued. You can either wait for the announcement that pp plan is completed with no further tranche or keep track of the progress against the min and max. For current pp which is the working capital / payables pp, it has a minimum of 130M target pp shares and maximum 209M target pp shares. It has issued approximately 93.7M pp shares. It will be interesting to observe the latest pp price fix of 11.5 cents and the quantity of pp shares to be issued. A min of 40M pp shares issuance for the 11.5 cents tranche will bring it to the minimum 130M target pp shares. And, the previous quantity is ranging from 18M to 46M shares for each tranche. Which means a drop of $0.01 cent is equivalent to $180k to $460k lesser amount of capital raised. A lot more work to be done to keep track of it but it is necessary to manage the risk if you are trading the pp plans.

Cheers, MK76. Just need to make a decision to buy/sell, or to just stay away from this stock. Much easier to focus on that instead of worrying.

I noticed that you have been here for some time, MK76. Looking for opportunity to buy in? :p Just my 2 cents and you can adopt it if it is useful: share price can come down by 20% upon pp price fix. If you look at the previous tranche which was fixed at 14.5 cents, a 20% down is 11.6 cents ~ 11.5 cents. I queued there for some time and got what I wanted. Now that its fixed at 11.5 cents, a 20% down is 0.092 cents ~0.09 cents. There is possibility that it will go down to 0.09 cents and if the price meets your expectation, welcome on board. This asset is hated as much as the "fintec" related stocks.

Thank you for the reminder, MK76. Will take note of it and your concern is much appreciated. The latest pp announcement is related to pp plan for working capital. It is the same as the previous tranche and all of it related to the same pp for working capital. He and the company should know well enough why they need the funding for working capital. Will just let him do what he wants to do until it triggers my own selling criteria. I bought once at 11.5 cents and do not plan to add. A small position and no concern if it is stuck forever if you will. Thanks again.

And I agreed with most of the comments that his reputation is really bad :p

What he said does not matter to me. I did not follow it anyway. What is important to me is the numbers in the financial report. I am taking a bit of risk buying it. It can be a wrong move and its just the risk I am willing to take. If the debt deteriorates to the extend its higher than its cash balances, that's a sell call for me.

Any price is good as long as there's interest in this unpopular asset.

Any low price is good as long as you believes it is worth much more than current price; barring any unforeseen circumstances.

Market panic selling today gave me the opportunity to initiate position at 23.5 cents (10% discount from its latest NTA) in this unpopular asset which has improved its NTA from 0.21 to approx 0.26. Dividend trends yoy looking really good. Total borrowings at $27.8M and total cash as of end of quarter two at $28.5M. Unpopular asset but surprisingly strong management when it comes to financial diligence. Will be monitoring its total borrowings and will not hesitate to close out the position if and when the total borrowings increases and exceeding cash balances.

Evergrande's debt is a whopping over USD$300bil :) A different beast comparing to GreenPacket's debt of 11.3M

I bought some at 11.5 cents which is about 45% discount from its NTA. Will be monitoring its total borrowings and will not hesitate to close out the position if and when the total borrowings increases and exceeding cash balances. As for the business itself, its their (CC Puan and company) job to deliver the results.

any thoughts on how much is this company worth? and lets be objective and put aside the emotion due to the volatility of the share price - resulted from market force or its underlying fundamentals.

assuming it was proxies accounts being used to sell down the share to collect cheap tickets or to lower the pp price, isn't it attractive to buy some at current price? It is risky due to the poor track records of the company and may not be suitable for everyone.

Is it bad at this price? NTA 21 cents, lowest price was 11 cents, total borrowings based on latest report is $11.3M and cash balances at $59M. 1st pp fully utilized and so does 2nd pp based on the latest report.