jokers come n go as they always do, at the end, a good company beats those jokers by outstanding business and result

Priced in the factors ady

Ikan bilis retailers wish that was a big drop.

Takaful financial year for Q4 is on December 2019. It can release the QR within 2 months after end of DEC.

So what do you mean by delay ? Historical release date on Jan doesn't mean it need to release on Jan.

Do you know what is limit down ?At most 3-5%, hard for such big capital stock to hit limit down

Have you all read the financial report before simply say profit dropped ? 2018Q2 profit was high due to one time profit. Thus, 2019Q2 profit is not comparable to last year.

Anyway, I can't believe still got ppl simply look and profit figure and post comments....

the only oil n gas stock i invested, due to its visible and sustainable and stable profit. U can sleep well without worry its profit will be like roller coaster which happens for quite a lot ppl so called good company. Rather invested in boring but stable counter

bro that news is available 14:41 afternoon....
If it will affect CIMB then share prices should have responded already, the reason is stated above already.

http://www.theedgemarkets.com/article/cimb-thai-4q-net-profit-plunges-982-higher-tax-expenses

Thailand CIMB even in 2017, the profit only contributed to 1% of CIMB. basically can ignore

Probably worst case is can't reuse some of the materials that involved copy right issue, need to do impairment on that. But ya it is impossible to write off all the 750m being invested.

兴业相信云顶大马能够应对加税带来的风险，尤其是接下来的娱乐设施包括Zouk云顶、The Void、Skytropolis室内主题乐园及20世纪霍士主题乐园等陆续营运后可带来更多利好。

Fox is just one of the series of theme park. If Genting able to receive the compensation or settlement should be ok. Nevertheless, think there will be a panic sell later.

so all the while price dropped from Rm 17 to RM 10 since 2nd October until now, perhaps since that time they already knew the current quarter (August - October) is not doing good before the QR is released.

Now just hope the bad QR already reflected on sharp drop since 2nd October till now.

well, they did achieve 1 billion revenue as promised, but the profit margin is dragged down while they are expanding the business.

As stated in the quarter report, "This is mainly due to a drop in profit margin and foreign exchange losses in Indonesia as a results of the weakening of Rupiah".

They did not reveal the actual cause for loss in indonesia, hope it is temporary, and the profit will be back on track with the revenue.

2Q2018 profit before tax (before foreign exchange gain/loss) was comparable to the corresponding
quarter of preceding year (“2Q2017”). 2Q2018 incurred net forex loss of RM4.49 million
compared with 2Q17 net forex gain of RM2.78 million.
Market conditions were affected by temporary demand softness due to seasonal factors (Raya
period) and weak market sentiment since the dissolution of Parliament.

Due to forex factor itself already resulted in a RM7.27 million decrease in profit.

Operating profit wise, is still same with 2017Q2

still loss as expected, yet to read through the whole financial report. Just a quick glance or prospect:

V Integrated Wellness has won three awards from The 2018 World Luxury
Spa Awards, in the categories of 2018 Luxury Jungle Resort Spa (Global
Winner), 2018 Luxury Eco Spa (Continent Winner: Asia) and 2018 Best
Unique Experience Spa (Country Winner: Malaysia). These awards will
enhance our positioning of The Andaman as a wellness resort. The
management expects The Andaman’s financial performance to improve
further.
Treasure Bay Bintan continues to attract more visitors. Both The Canopi and
Chill Cove had experienced better operational results. The Dream Cruise
by making Bintan a port of call has contributed to the visitorship. The
management expects the visitor trend to continue and more activities and
attractions are being offered to the visitors. The Board expects the revenue
contribution from Treasure Bay Bintan to increase further in 2018.
The sales and marketing of the Chiva-Som Residences Bintan has started in
early 2018 and the Board expects the sales to contribute significantly to the
Group’s revenue and profits in the future.

MRT3 was cancelled previously, now is changed to postpone. Dont you ppl read news and history?

http://www.focusmalaysia.my/Mainstream/mrcb-george-kent-may-benefit-from-higher-lrt3-cost

Not sure how our MOF comes out with 30b calculation.

If the project cost really hit 30billion, well gkent can earn more. If the project cut cost to initial amount which is 9 billion , then I assume gkent earning is consistent with IB forecast.

Based on recent news, it seems unlikely lrt cost will lower than 9 billion ?

Mrt is still in tender process, don't think annjoo profit and revenue forecast by research house got include this...

I think it is just temporary sentimental issue, HSR is cancelled, don't think same thing will happen to ECRL and MRT/LRT etc. Furthermore, Penang may have LRT project.

Just wait for the government to clarify their direction and view of mega infra, and then cloud should be gone.

No matter how, no much stock offers DY at such high rate now, but still investment bank only gives such low PE.

again, the news may affect the sentiment , but in fundamental, i see this is nothing to do with gkent.
Perhaps you should post this news to gamuda, ytl, mmcorp, thanks.
This is easier to cause panic there.

kenanga lower the TP to RM 2.75, plus the cancellation of HSR project, perhaps this is the reason share price slumps today.

But yes we still have other mega projects on-going, no matter how, nation needs mega structure to move forward. It is just HSR that costs 100 billions is way too expensive for current government.

Please be noted there is a possibility of LRT for Penang, annjoo is located at northern malaysia as well.

They apply PE of 8 and DY at 6.8% and come out the target price RM 2.75. If it is DY of 5%, then the TP should be RM 3.74.

ECRL is awarded to other companies, and gkent yet to tender for it, but din not get awarded any work yet. For HSR, it is MRCB,Gamuda, and YTL that should cry.

Big Kuala Lumpur is a must go for further development, MRT plays a big role in connecting all districts in Big KL. Unlikely to be cancelled in my thought.

pardon me, but Gkent has anything to do with ECRL and HSR ? all the news mentioned these, but none of them mentioned mrt

observed change in the property development cost under cash flow from operating activities:
It has been 20+ million for past few quarter, this quarter reduced to 5 million. Loss is also narrowed down, perhaps can observe few more quarter for certainty.

http://www.enanyang.my/news/20180523/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E6%8A%95%E5%85%A5%E5%A4%A7%E7%AC%94%E8%B5%84%E9%87%91-%E5%B7%B2%E5%AE%8C%E6%88%9014-%E4%B8%9C%E9%93%81%E5%B7%A5%E7%A8%8B%E6%81%90%E9%9A%BE%E5%96%8A%E5%81%9C/

早在几年前，gkent 还没有太火时，这个新闻已经有了。gkent 就是靠这个 project 起家，然后再和其他有技术的公司挂名 jv 拿更多 project 才造就怎么好的基本面。 基本面是 过去式，未来式是没有政治撑腰，要拿 project 难了。gamuda 也靠 铁路 project. 有不见得它 limit down. 更何况gamuda还有更危险的，收费大道可能会被取消


Some comments from fb fyi, not buy or sell call

如果你真的是出自于真心的，
事前分享 你就是圣人，
事后分享 你就是事后诸葛亮，
现在才来分享，只能说司马昭之心，路人皆知。

What you are posting now is already in the past. They have already acquired technical expertise during the construction of Ampang line, which acts as the turning point of Gkent. Now they even tender for overseas railway contracts. A little too late, don't you think?

christophertopher Ampang LRT延长工程被视为George Kent的转折点。自此之后，George Kent整体表现脱胎换骨，接连获得不少基建项目，而股价也扶摇直上，在4年内翻了超过5倍。

留意这句话"在4年内翻了超过5倍"
表面上就以rm1.57 闭价来想，当作我们没有计算之前Gkent 作的bonus issue and share splited, 目前的rm1.57 可以说是等于RM7.85。
换言之，rm1.57 这个价相当贵，甚至很不合理。


起了5倍当然考虑了所有的红股，拆分。要不然他会说起了25倍。打开chart Nexus看就知道了=.=

Sunday night suddenly a lot new comments hehe

ECRL tender awarded to gkent already? Tot just in bidding stage, HLB already considered the cut of macro projects and released the research report 2 days ago...

国家基建，势在必行。雪兰莪州的公共交通，还不完善，lrt,mrt没法不搞。ECRL，比较危险。

suddenly people related a lot political news/scandal with Gkent, how does it affect its fundamental actually? All the assumption is made based on uncertain news or some personal blog....

No gap down, volume at 30 min is closed to 30million now. Let see what happen later.

Again, nobody can predict the market. I don't mean to target anybody anyway.

丰隆投资银行对乔治肯特的看法：

研究维持乔治肯特的“买入”评级，目标价则从RM5.66令吉，大幅下调至RM3.25。

丰隆投资指出，希望联盟政府检讨大型项目可能会影响乔治肯特着眼于的东海岸衔接铁路（ECRL）丶马新高铁（HSR）和捷运三号线（MRT3）。

“乔治肯特是一家纯本地，国内唯一一家全面综合铁路系统业者，这令人感到舒适些。”

“我们认为，向大马大部分地区（包括雪兰莪和槟城）供应的水表业务将如常。”

该机构表示，考虑到合约前景不明朗，因而下调该集团2019至2020财政年的盈利预测4至12%。

“维持‘买入’评级，但目标价从RM5.66，降至RM3.25。每股净现金为82仙，占股价的43%。”


Net cash per share is RM 0.82.

https://9shares.my/%E6%9E%97%E7%AB%8B%E8%BF%8E%E6%9D%A8%E5%B7%A7%E5%8F%8C%E6%8A%95%E6%8A%A5%E5%90%89%E9%9A%86%E5%9D%A164%E6%AE%B542%E4%BA%BF%E4%BB%A4%E5%90%89%E5%9C%9F%E5%9C%B0%E4%BA%A4%E6%98%93-ttdi%E5%8F%91%E5%B1%95/

Just my opinion:

Yesterday gap down with low volume which indicated no support at all.
Today gap down with highest volume since years ago.

Tomorrow may be drop but unlikely to gap down again.

Government may review the contract, but think impossible to cut off the contract that has been awarded to company, as it will delay progress and incur further costs.
Furthermore, I believe it still capable of earning some contracts in future project, may not be that much. But half from the original price RM 4, seem is enough.

Happy investing.

dont think the ongoing project will stop, most likely will review the contract only, to ensure china hires local company and use local materials. Furthermore, Penang undersea tunnel may has chance to move on. Not sure whether this project needs a lot of steel or not.

But Annjoo location at northern Malaysia would make it the perfect supplier

http://www.steelphone.com/2016/map/index.html

still above 4k rmb, previous lowest was 4k rmb

doesnt affect much as still reply heavily on oil n gas

以管钢行业来说，
大部份都是以HRC制成的焊烧黑管，
少部份如PRESTAR是用不锈钢，
制成高端用途的不锈钢管。
也有无缝管，耐高压，
主要是油气业使用。

mainly used for oil & gas
slow down of property sector is happening for years ady, now only talk about it zzz

this is funny, when share price drops, a lot negative comments pop out. As for I know, hiaptek business is about steel tube, which is very seldom used in property development. How can people comments without doing research ? Long steel (annjoo/lionind/ssteel/masteel) is seldom used in property development also

PE of 10 deserves a price of rm4, but it is expected FY2018 all steel counter can earn more

If you guys look on leoting analysis , he ady expected annjoo can earn around 50m for we and q4, and 0.2billion for whole year 2017.

What ssteel delivered is above expectation, which resulted in surge of share price of 10+% on next day.

Annjoo delivered a stable and inline with estimation, what is wrong with this ? Summore it is the only steel counter with generous dividend payout

3.42, buy in based on fundamental, sell based on technical, think this is most people practicing in share market

http://www.steelphone.com/2016/map/index.html

still 4k rmb

even government removes the TAX protection mode, china steel already higher price than local steel la, haven't included transportation fee yet, and custom etc

if don't have confident in holding the stock, worry when it falling down, why dont just sell the stocks?

i assume should be the OBM ( Original Brand Manufacturing ) , Lumnic.

It seems they experienced some issues and did not manage well the profit for the transition period from ODM to OBM.
They focused too much on R&D on last quarter, and eventually loss some business for ODM.

some of my analysis from the quarter report:
i. Lower profit compared to previous quarter due to one off expense 2.4M for employee performance reward (bonus?), this one itself already 3 cents eps, already same with last quarter result.
ii. Still got delay of new product in this quarter, and resulted in lower revenue & profit
iii. Management still optimistic towards existing & new products, but they did mention the main challenge is the time line to develop new product, in next 2 quarter, we wont be able to see the profit from this new product.

Just my point of view, this time loss actually included one time bonus expense which is 2.4m, this is same with last quarter eps already, which is 3 cents. However, it can't be deny this financial year the company wont be doing good like FY16, may need 2 more quarter to enjoy the profit from new products.

showing strong rebound from 3.6. I would say bottom is formed at today.