earlier someone had an opinion that raid on Topglove Ipoh factory will be bad for them because among other things the US CBP ban will not be lifted. and i saw so many hopefuls bashing him for that opinion saying that he's spewing hatred bla bla. interesting how people get so defensive when they hold the stock when that opinion is more or less a fact. some opinions (positive and negative) are emotional and needs to be set aside but some are facts and must be considered.

i wouldn't say government victimising topglove. topglove is also at fault. workers help you make RM10-20 billion profit but you treat your workers badly.

Topglove is being hunted. RM50,000 fine per worker, if 2000 workers kena means RM100 million already. Champion government - no windfall tax but I have other ways.

Part of an article titled "Ipoh raid uncovers ‘unsanitary’ living conditions for glove manufacturer workers" from Malaysiakini:

The name of the company was not mentioned in either report.

However, The Star stated that the operation was conducted “following a surge in Covid-19 cases linked to the company's factory in Selangor”.

Meanwhile, Asri said the JTKSM is conducting similar operations in Negeri Sembilan, Johor, Kelantan and Kedah, which would involve the company’s subsidiaries.

The raids followed Defence Minister Ismail Sabri Yaakob announcement yesterday that the Human Resources Ministry will begin the enforcement of Act 446 today.

The move was made following a severe outbreak involving glove manufacturer Top Glove’s workers’ dormitories in Meru, Klang, which has propelled the Teratai cluster into becoming the largest Covid-19 cluster ever recorded in Malaysia.

cincaila, lets make a good joke here. so if we use macquarie's TP of RM5.40, it will be RM5.40 - RM2 = RM3.40. and then let say there's dividends of RM3 in the next 2 years, then TP ex-dividends will be 40sen. haha

how about RM1.5 billion profit? doesn't seem like you have considered this. also lets bet that it will not limit up even if it reports RM1.5 billion profit or more. Judging by your valuation, it should limit up today...

oh.....just found out stockraider calls everyone who doesn't agree with him sohai. pushed netx said must buy at 2sen because extremely safe. lol

can judge for yourself whether he is a successful investor or young and immature investor. can also judge for yourself his SC "learned friend opinion".

stockraider, lol did i say anything about you to call sochai? makes me wonder what happened to your trades haha

bedakong116, no that's not correct. if accept share swap option, tiah will have to fork out 66sen unconditional MGO for TAE. and this time....everyone will accept...and he has no cash for this.

with their hotel assets, TAGB will go bust. those hotel assets cater mainly to corporate travel and high-end leisure travel....both of which will not recover anytime soon.

everyone saying USD17/bbl cost. some like Choivo probably knows that this is cash cost and just throw the number so that people will buy but many don't know.

makesomemoneyonly, that's why it's not difficult to make money in the stock market. we need more people like those on this forum.

hendrycheah, so last quarter Profit Before Tax of RM91m, which means total cost of RM271m - RM91m = RM180m. now revenue half to RMRM135m, cost maintain at RM180m, so Loss Before Tax = RM45m.

for pure upstream player like Hibiscus, cost (excluding tax) mostly fixed while every USD 1 change per barrel will go straight to Profit Before Tax.

Loss Before Tax RM45m per quarter should make Hibiscus a 50sen counter?

good2

shocking how people chase Hibiscus at more than 35sen. in previous quarter result, revenue of RM271m achieved by selling oil at USD68-70 per barrel. now even if oil price go to USD35-40 per barrel, revenue will be half. matter of time before reality sinks in.

hi jay. maybe you'd like to admit now that you're the dog that cannot stop eating shit?

what a beauty to be able to look back in time to judge.

you're obviously young, amateurish, unable to take criticism and too egoistic. maybe you've become better or you'll get better....not sure...

yfour0921, got idiots....MBL is one of them.

I think Merc dealership is a good business. But I think ccb is run very badly and their principal Mercedes is also a bad principal. Jardine is too powerful and too comfortable...they actually told MBL to get lost...so do you think they will change the way ccb is managed? I doubt so.

if i'm mbl, i'll mop up all the shares now at RM1.80+ and vote for at the EGM. would be very silly if they actually think that voting against will get them more benefit in the future.

Joyvest, most of the time, only losses will make people learn. Relax and just watch this space in 1-2 years. No need to comment. Like knm, ekovest etc.....u will see that hundreds of amateurs active comment when price go up but disappeared from the comments now.

Just by looking at how cycle & carriage burns cash every year, you can more or less figure out where this company will be in 5 years.

Meerkat0078, yes haha. At a time where many dealerships are up for sale, i.e many are running away from the business because of tough environment, there are some heroes who wants to block the SCR.

This marks the end of the RM11million annual dividend from Mercedes Benz. Without this dividend, Cycle & Carriage is a dead duck. Not fair to say their properties are undervalued because they need the properties for showrooms, they cannot monetise them.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3009227

Lukesharewalker, it will not be easy to make money in the stock market if everyone has your kind of thinking and analysis ability haha

Guess what? Raintree is now trying to overturn the court order because they want the IPO money.

Yes need 90% of remaining shares to accept if want to privatise

Sj tan, the correct question to ask is whether litrak board will liquidate the company and distribute the cash to shareholders. If they suddenly say want to find new business....we have a problem.

They could have easily declared the dividend cheoky mentioned earlier....but they didn't. Obviously no intention of doing so...they have other plans for the money.

I'm back. So there we go....MAA received around 32sen/share in cash few days ago from the disposal and today, declared dividend of......6sen. lol

1. it will be proven in next QR when we see that vietnam contributed to their revenue.

2. easy to prove by looking at your analysis. in particular (1) revenue recognised the minute purchase order given and (2) RM150 million revenue in 2019. RM150 million revenue in 2019 means Q419 revenue will be around... RM0? or RM10 million?

the analysis by you only leads to 1 of 2 possible conclusions - either sour grape analysis as someone mentioned earlier or trying to desperately push down by fooling some retailers so that you can collect.

Sorry jay/seekingalpha888...but you have been wrong for greatech. Or maybe not ...maybe you were right....maybe you collected some today at 92sen....that's morally bankrupt.

just found out from someone in i3 that seekingalpha888 is the same person as Jay! hahaha so desperate to defend yourself and save face until must use fictitious account.

meanwhile Greatech is booming.

Accrual accounting means recognise as you deliver. Once delivered, can recognise because risk and reward is substantially transferred to customer. Of course recognise as each machine part is delivered, not after delivery of whole machine. But what u said was recognise upon receipt of purchase order ...which is never the case.

Baby shark, I initially thought he had good intentions and I even went on to praise him for having good potential but when he replied things like revenue and profits start being recognised upon receipt of purchase order, no more deliveries to First Solar in Vietnam etc and also making personal attacks like not doing my research work properly and in a bubble bla bla, I knew his intentions were bad and the first comment saying that this is sour grape analysis looks to be true. It looks like he tried to desperately push the price down by fooling some retailers but he forgot that insti funds have been the one aggressively buying because of what management presented when they met us. And insti funds don't need to rely on such articles from retailers like this because we can to meet with management every now and then.

"I’m quite worried if you are one of the unit trust fund managers or analysts managing public money because it does not seem like you do much research"

its good for you to speak more because the more you speak, the more you get exposed on how ametuer you are.

" revenue and profit would have started to be recognised upon receipt of purchase order and recognised in milestones. Which is also why revenue starts to flow in 2017, more than a year before all the S6 factories are completed. "

there is no chance for this to happen. the accounting standards do not allow this. recognition is only AFTER delivery of products. probably want to correct your mistake....for the benefit of the other readers....the ACTUAL thing that happened was that Greatech DELIVERED a production line to First Solar in Vietnam in 2017. it wasn't recognised as they manufactured it lol.

and to other readers, please ignore all the total NONSENSE that Jay was trying to explain about how the factory is built, how machines are set up and designed etc. the actual scenario is that Greatech has close to RM100 million in machine orders yet to be delivered to First Solar's Vietnam and Malaysia plant.

As for the Ohio plant, first installation of equipment will only start at the end of this month.

Jay,

" revenue and profit would have started to be recognised upon receipt of purchase order and recognised in milestones. Which is also why revenue starts to flow in 2017, more than a year before all the S6 factories are completed. "

lol u think this is property development progress billing method?

" So sorry to poke your bubble, but machines for Malaysia and Vietnam would have been mostly if not all delivered and installed. "

lol that means you're implying that the management doesn't know anything about their company when they said there a lot more to deliver? its funny because some things i'm saying comes from management themselves when meeting with them... so maybe it is your bubble that is a little too big.

BoPoint, cannot blame Jay because he is writing these articles and thoughts as a retailer. He doesn't have access to management meetings like me and you. But to analyse like this, I think Jay has good potential. All he needs to do is join a research house or any of the funds. Management meeting is the key thing that Jay is missing.

another key point worth noting is that the IPO adviser screwed up by arranging for listing in the ACE Market at a ridiculously low IPO price. the share price rally comes as no surprise, even more so after the latest quarter results. The ACE market status means many institutional funds cannot invest in the company and this is actually slowing down the rally in share price. management also indicated that they will seek transfer to Main Board soon and this should be a key catalyst in the next year or so.

if you look at vitrox, penta, MMSV, and MI Technovation, the valuations are far higher at closer or more than 20x PE. and that means Greatech is still very undervalued. order visibility is actually quite clear for at least another 2 years. and you did not mention that the main purpose of this IPO was actually to expand and secure new customers in the US. the US is actually where a big part of solar producers are headquartered. First Solar is only one of them.

what shocked everyone and drove the price up like crazy was actually the profit margin in 1Q19. you would have noticed that profit margin was above 20% in 2016 and 2017. then in 2018, profit margin was at 14%. so many of us expected revenue to be in line with management guidance of RM241-252 million in 2019 AND 14% margin will continue. but the surprise was 20% margin in 1Q19 which was due to large deliveries of machines earlier leading to sharp increase in maintenance revenue which has high margin.

management also guided that 2019 revenue is expected to grow 10-15% from 2018 revenue. which means around RM241-252 million revenue in 2019. This guidance looks quite reasonable given that machine deliveries to 4 plants are ongoing while Ohio Factory 2 will start contributing soon. I believe that the RM150 million revenue you mentioned is very badly wrong.

so what is actually happening is that machine deliveries will still be happening for Malaysia and Vietnam plants until end-2020. Machine deliveries for Ohio Plant 2 will START soon and last until end-2021 earliest.

secondly, if you go deeper and investigate beyond reports (you can search Google Maps), you will see that the Ohio Factory 2 is actually still at building stage. they only started earthwork in June 2018 and building is nearing completion now but NO machines have been delivered.

reasonable analysis but there are some key errors.

firstly, 4 out of 5 factories being completed and no more orders is wrong. completed as in building is completed and production started then yes. but not all machines have actually been delivered to reach those capacities they have mentioned. it is a gradual ramp up. this is always the case in the manufacturing industry and also explains why the green arrows are stretching until end-2020 in first solar's capacity roadmap chart.

case filed to High Court to decide whether Rsena management team can get the money.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6180689

Markus, case in point is actually Golden Land Berhad. Net cash around RM164m in 2017, net cash of around RM20m now....spent it on their existing plantation...which made losses. Dutaland is another example someone pointed out earlier but they still have large amounts of cash for now.

Anyway, great, civilised opinion with no name calling. Have a good weekend.

and by the way, it is 7-year olds that do name calling. and from the last I checked, I was careful not to do name calling and only did so after you started with it. or maybe your religion teaches you that it is a manly thing to name call lol

Red Sena, Reach, Hibiscus, Sona. Total control of my cash, whether I like the acquisition or not. Now going to turn around and say "but that is SPAC, not a normal stock....". Unfortunately there is, bald fool. Anyway, you're right. No point arguing, when the time comes for MAA, the debate will continue. Right now is I say, you say.

By misused I mean buying businesses that are not good. Not that he will pocket all the money....TY only pays himself RM2million per year.

If let say MAA acquires Eforce for 30x PE, u can't do anything can u balvin? The point being TY and board has full control over how shareholder's cash is to be used and it was pointed out during EGM, I would say accurately, that the board cannot be trusted. I think all MAA shareholders, including balvin, cannot deny this.