fengpinglangjin, the amount of research work that you have done simply amazes me. I am really grateful for all your sharings. Thank you!

http://44finefood.com/doc_VWorajU2OW9QZ3N2L1JHWlliajZJdz09?fbclid=IwAR0o1CR1QaNSu1kflZ7G_gU0Qdo1QyO00af8p39joAXQ3jFSuZFHf_3KUC0

https://www.thestar.com.my/business/business-news/2021/07/01/dnex-completes-acquisition-of-60-stake-in-ping-petroleum

With the completion of this exercise, DNeX will consolidate Ping’s financial performance into the group’s earnings from July 2021 onwards.

Jackoffs did you check in detail? If yes, appreciate you could give us an insight on this. I believe you can only do so if you are the auditor of the company. If not, please refrain from posting baseless comments. Thanks.

hmm can pls add again? seems like i m not in the chat yet..

Hi DK please add me too. Thanks :)

Keep dropping like no tomorrow....

If it wasn't for the cut of director remuneration of RM5.5m from RM8.78m (2017) to RM3.234m (2018), the company would have made RM13m in 2018, rather than RM19m. It should be RM2m lower than the net profit (RM15.5m) in 2017. Hence the cut of directors' pay was in time to improve (paint a better picture for) the company financially.

The biggest shareholder was only drawing a salary of RM160k per annum in 2018, approx. RM13k per month, which is only some senior manager's salary rate. How long can this pay cut be sustained and to what extent that the pay cut affect the effort put in to grow the company (less pay, less motivated?) moving forward? Do note that of course salary would not be their main source of income, and obviously he has the duty to grow the company as he is the biggest shareholder afterall, nonetheless it does carry some weight as well.

As for the Prestige Hotel, based on the ARR of RM380 for 162 rooms and assumption of 70% occupancy rate and 10% profit margin, the monthly GP is estimated to be around 130k, which accounted for only 8% of the 2018's profit (annually). The hotel business would only contribute negatively (due to depreciation) to the bottom line in the first few years, and drag down financial performance of the Group on paper. ==> RM1.3m loss as of Jan-Jun 2019

The management team must really up their game like what their competitor does, by expanding their market base. The management is a little bit conservative in that sense.

I am still very unsure whether to invest in this Company. Appreciate if Phillips can shed some light into the future business performance as you know so much more about this company than us, when you have family members as shareholders and employee of the company.

COD of the WTE plant keeps on postponing like no tomorrow. It has been 2 years, and the Company had refused to admit the delay many times when asked, which might indicate untruthful behaviour. The commissioning of this WTE was meant to be as an impetus to the other green companies initially, but what now? By looking at the staggering high debt incurred by the Company and how WTE plant is being managed, triggers some concern on management capability. Can they still win any bid on the coming LSS3 tender based on such track record?

Any sifu can pls share some insight on this? Thanks.

welcome to the sinking ship. :)

all right..thanks guys!

weird..my stock portfolio still shows the old price and unit..and high unrealised loss..

wanna ask sifu here.. for this bonus issue, lets say if i have already purchased 1,000 units, it will be splitted automatically to 2,000 units without me doing anything?