i do not know much in technical and accounting. just my point of business view. =)

agree with you icon, while comparing this stock with hevea & evergreen, this stock PE is lower, and company strong in generating cash flow ,company intend to lower down debt. finance cost will drop in future, meaning in future can earn more =) company able to generate enough cash flow to deleverage.

in term of product quality, i have confident on it , just did some on market expirement couple weeks ago.
i went to XXX furniture factory outlet, they keep persuade me to use MELAMINE fiber board as main material to build my kitchen cabinet & wardrobe . According to the sales person. this material is slightly expensive than normal chipboard. However, market is demanding. (real wood feel & high density & able to tahan scratch) Since this company business is focusing to provide material to domestic furniture export company, mostly to western country. maybe they are demanding this kind of material rather than just a normal MDF board. potential to getting more business in future?

company with strong cash flow,able & intend to deleverage.
new plant able to lower down operating cost
lower PE than same industry player
still have capacity to manufacture more ( while getting new order, produce more, economic of scale, lead to higher profit margin, generate more cash> deleverage again> earn more again)
i can conclude that.....

macro , is positive to this industry,
micro , company have competitive advantage compare with industry player
market , PE is lower than other chipboard business, ROE not bad, below NTA, great potential stock. apa tunggu? if you want to start a chipboard business, this counter give you alot of discount. i tunggu jatuh abit more, then all in, haha, technically ,does not look great, tak boleh break resistance, however, volume still there, got hope. but maybe can collect at lower price. perhaps got chance to let me collect last round before its journey to north?

me too , tp abit park to other big momentum stock first. this stock wont run so fast gua. always stay at 1.0x quite some time, 1.1x sometime, i believe this round reach 1.2x, will also sideway sometime. banker mau collect more tickets@@. come back to this counter 2weeks later ^^.

journey to west jo? holland jo cannot break 1.17. =(

see~really tak boleh sampai 1.08. hohup pattern banyak. run run run~ before it drop back below 1.0....

it seems like stagnant already. =( faster switch counter with good FA and growing volume. dont miss the boat while market volume still there. maintaining 2b+ a day. this stock story end already. wait until the next growing volume only come back hentam it. lari lari, i start tp already. just left some lots.

As icon8888, apa tunggu, sailang this cash cow la, use margin sailang

The new CEO (previously turnaround the encorp), his construction team was started to build repo in construction industry 1 year back, getting low profit margin project just to tell other developer (hey, im good in construction).He brought his team from encorp to PRG. going to have another big turn around? this stock must be patient, PRG can only make money after the project was launch and then profit from progress. But with current slow down in property market. they might delay their launching.Even after launching, they still have to wait for loan approval, sign S&P, only can make profit if sold out atleast 60%++, maybe 3-6months after launching.Please be patient, if want fast~ cincai pick a top volume share will do. when is good time to buy? when the stock is still coma. buy when people dont look at, sell when it became hot stock in town.

macam tak boleh jalan

holland soon~

tomorrow 1.08 q to sell la, sure drop back one~ hohup pattern

imagine~ if company earn more, dividend will pay more~ because big owner is penang ministry, where the government can get money? dividend lo, dividend paid out will remain high. earn more pay more, share price up up up.

previously 1.12 push to 1.17+ need huge volume, but currently little volume already pushed to 1.17. means banker already collected enough bullets and take control. easily push the price up . ready to break resistance. rm100-200k can push up 1 cent, index rebounded strongly these few days. market volume still remain high. investor mood is getting better, is time to pushhhh up~

thanks! informative !!

dam nice counter, thanks for introduce!!

RSI heavily oversold~

then your losses will be 34k LOL. just kidding~

their plantation bringing huge revenue very soon, 2017onwards should see a significant growth.
plywood production cost will be reduce since glue will be cheaper , and oil become cheaper
USD strengthen, export business business will benefited.

conversion 0.25, 0,25+closing 0.27= 0.52

traditional way to let go warrant? goreng mother up, and lari anak. anak dah lepas habis. mother also lepas.

bad news already priced in to padini. buy it, no rugi

possible that shark just push up the mother, let you all know son got discount, keep buying , then they keep sell to you. after they release all sons, is time to dump the mother.

to Stephy Mah,
Yes, an educated farmer @@

to Garfield>
I used to be a farmer, FCR is a crucial to control their cost, enhance margin profit.
How to lower FCR?
Better quality of food, / better environment to culture crops/ enhance the chicken genetic, and reduce the growing time. previously took 40days-60days to grow? now it can be achievable at 28days. if they are using the latest culture technology, we are 12 hrs day and night, the room can make the environment become 8hr day 8hr night , 8hr day, 8hr night. it save up 50%. tipu the chicken to eat more , sounds impossible, chicken got so stupid meh? yes it is. so it reduced 50% of the growing time, it is very command in European and developed country.
Therefore, the future of agriculture, no longer an agriculture. is more like a manufacture......modern farming. Agriculture is the most sustainable business I could say. go back the hierarchy of human needs, we need food. back to hierarchy of nutrient, we need calories, and protein. cheapest sources of protein = eggs.
a lot of researcher doing research how to enhance the FCR, nutrient enhance, technology all that. Therefore I think this industry just growing. still huge potential to reach world standard.

Personal View,
company haven't fully utilize its feed mill plant, expand to egg business, utilize machine make more food to feed more chicken, to lower their marginal cost. at the same time increase income from eggs. it seems work~ perhaps can see some profit margin improvement in the coming quarters. company have a lot facility and land market value about 100m, hundreds acres of free hold land, expand to egg business is one of the best strategy to fully utilize their land and assets.
NTA : RM3.20!!! (1.50 from freehold land)

LTKM : NTA rm4, price is rm5, 1.2times book price.
QL : NTA rm1.04, price 3.5, 3.5times book price.
LayHong : NTA RM2.5 , price 3.4, 1.3times
Teoseng : NTA RM0.50, price 1.44 3times

Come on, if this company successfully integrated their business to eggs business,
NTA RM3.20, given 1times book price. It potentially worth rm3.20 in the coming years.

Now is the question, is this company's management well prepared in order to compete in eggs business?

Yes, they are ready, as you can see their revenue jumped from 2013 to 2014 after phase 1 completed (420k eggs/day), What if 2nd phase egg farm was done? production 850k/eggs daily, revenue will jump again.

Remember 1 key point, they make their own food, breed their own broiler, now just use their feed and broiler to produce eggs. business started to integrate.

this counter is a gem, company is a gem. growing star.
it will be the next LTKM?

Risk involved,
Their management reliable?

Buy it, nothing to lose, company have strong assets backed, potential to be grow~ ready to grow ~

Opportunity,
Company have intention to export their eggs. weaken RM might helps them open the door.
Malaysia Growing population, egg is the best source of protein. u scare no demand? no money can earn? if the price of egg increases 100%, to RM0.80, people still eat. Don't you?

you could miss LTKM a year ago. but you should not miss this. if you buy when the financial results prove to you, it is too late. buy for medium to long term. So little downside risk, a huge upside potential, worth to buy. if I am analyst, I will not only give buy call, I will give all in call. hahaha, joking~. I am not a stock promoter, I just hope the stock deserves its true value.