hold this stock long enough de.... still never really move..

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Post removed.Why?

but if is me managing the case, i would reveal all and at same time implement core reforms to instill public confidence. While there may be negative reaction but it actually clear all the doubts once and for all and will build the foundation for going up provided the reforms that are provided are not mediocre but something impressive.
https://youtu.be/o2W1EqU2-ng

Post removed.Why?

Post removed.Why?

ANybody got any comments on the rights issue? 0.70 issue price and 1 to 1... worth ga?

the guy who wrote the article in thestar probably didn't read the prospectus on PCHEM when it was listed in 2010.... hmpm... apala...

dun confuse petchem with LCtitan, as Petchem feedstock are mainly gas based--- ethane or methane.... having say that normally when naptha price goes up.. so does the end product of polyolefins/polyethylene or etc etc... just maybe it is a bit lagging

won't be resuming back to 20-25cents because of the coming turnaround activities in July 2017.... I think the impact will be even worse, normally during turnaround of crackers ( which is the main processing area to crack the naphtha) the losses suffer will be big given its shutdown ... sometimes it can even prolong....

Wonder who knows what is this "Higher other income was primarily due to incentives received by the associates in Jiangyin." Aparently this contribution of associates profit contribute around 5mil to the group result.....

Jack Ma coming over.. and probably DKSH is a beneficiary of the E commerce hub?

too much listing and admin expenses.. hopefully this is one-off... and then it will conitnue to strive.

they are getting a new ODM manufacturing on mid 2017... probably another catalyst?

@Sumato88, I believe in you... hahahaha at this rate, I am so tempted to continue to sapu somemore DKSH as fixed deposit. hahahahaha.....

RM8.... I think you may have conservatively slightly undervaluing DKSH, I think u should value it at 20x like its parent in Swiss which is at RM9.4, since we are in a developing country and there are more room for growth, and as more manufacturing company is moving to specialization, definitely they will be needing DKSH's B2C or B2B outsourcing services. (this is assuming there are no other shocks like impairment of receivables or inventories anymore in future.)

I always like this kind of stock that gives transparent and honest earnings rather than other goreng-goreng stock, if the honesty and integrity continue, hopefully one day it be like PETDAG or Public Bank.... fly to RM23 or 24 ( Just my dreams)......

opps we have to take out gain on disposal of shareholding of CHF9.6m from the result... my bad, but EBIT still great.

at the Annual report of DKSH, it is noted that
" In November, DKSH sold BiO-LiFE, a company that develops and markets health products and nutritional supplements under its own brand in Malaysia."

Net sales in CHF for malaysia has reduced from 1,391.9m to 1,267.0m mainly due to the termination of 2 main contract

But the EBITDA on consumer goods ( which primary is Malaysia and Singaporeand HK) increased from 29.7mil to 105.8mil.

Somemore it is best result in company history.

Sounds positive but I hope they manage to collect back that bad debt wei......... then can further improve the profitability.

Higher dividend somemore, DKSH malaysia follow suit?

What do u think Sumato88?

Dear Sumato88, stay firm with your belief, if the coming DKSH results is consistent with your belief, then you should continue to buy more or stay on track with it. Otherwise, if it is not consistent, then you may have to do some adjustment. One piece of advice, inexperience investor will nomrally only loose money because they sway away from their own belief, there... the transaction cost kicks in to eat up all their returns/margins. Time will tell if it is really a great stock

Kudos to you... wow you are really a competent accountant which can really articulate and use your professional knowledge in the analysis in DKSH...May I ask what industry do your practice your professional service? I think the group chat will somehow benefit from you analysis at least for me..... keep it up! I try to contribute if I can but I think I am not at your level yet. Haha

wow.. Sumato88 what you have said just make sense to me.... are you an accountant in nature? or if your job nature in this kind of distribution industry (i.e B2C )? To defend DKSH for so many valid points really make one think u are a strong believer in this DKSH business, and for that, I will try to buy few lots for investment. lolx

I am no expert in DKSH business but so far I saw the vaccine/medicine deliver to hospital are professionally packed and hospital love to buy their products compared to pharmaniaga or GSK.

I believe in DKSH..... sumatoo88, I have the same view with you, it is over-reaction, at this price I think I will also buy a few to keep.

negative FCF may be just because they are really having a hard time to collect cash from their customers due to timing differences. But one thing to note, the biggest risk to this business are 2 things, inventory management and receivables management. One customer default will result a whopping impairment of 14.8mil.........

They should employ good loan shark company like Aeon credit to help them collect debt.... lol just kidding

ya I think the margin per customer have improved ( after they drop the telecommunication low margin customer) plus lower fixed cost but the bad debt is a bit worrying at YTD14.8mil. They really have to review their customer selection process in terms of credit rating and etc etc, otherwise no matter how much they earn, if cannot collect back also susah.

Like wise, I hope they can still sustain what they have make in last Quarter.

wow..... "The Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. However, it is expected to have positive contribution to the earnings per share and net assets per share of BCM group."

Good good for BCM alliance.. way to go management of BCM

Well written, just like a typical accountant.... well I believe opensys will continue to grow as more bank turn to CRM

I think they adviser/investment banker for the BCM alliance IPO should really think if they really know what is the correct shares to be issued. Some more charging RM2.5mil IPO fees.....

With this kind of subscription rate, BCM should have go for a RM1bil IPO not a RM22mil IPO, (10% listing expenses)

Then they can open 1,100 speed queen stores, not just a mere 11 stores.... what a waste............for such a company

USe this brand Speed Queen for my dobi shop, not bad....... self service laundry in out of KL is slowly growing

Wow.... good write, and can see you have lots of knowledge in this sector. But IFRIC 15 and the delay in distribution by ASPL really pulled me off.... haiz... should I continue to invest or not...... but reading your write up gives me confidence... I give it another year

I think it is because it has been long time it didn't go up de

@ Kinz, you send email to them before and the CFO can reply you? Wow........can have 2 signals

1) The CFO really micro manage everything and very respect all the stakeholders, unless his secretary reply on behalf of him
2) But mirco-managing is not good, since one resources are scarce, to do all the though company job and to reply your email........ doing all the financial reporting/audit/bla bla bla job or maybe he is just too free

But looking at it literally, actions (like rewarding shareholders, showing good governance, holding up integrity, being transparent with disclosure) will speak louder than words (just replying email)

Anyway, hehehehe, I am just kdiding, anyway, Kinz, what have you asked? can you share to us?

Orderbook is a very forward looking statement, although it has exceed the whole of last year, the realisation of the orderbook may not materialise if the customer i.e bank cancel the contracts. Nevertheless, still some hopes it will rebound in Q2, Q3 and Q4.

Here, the management may have tactics to delay some delivery of CRM during the volatile weak RM/USD, whilst delay it to the later date when it is more stable. This is why Q1 results is slightly off. If you notice, instead the software and solutions segment is doing still good with margin of around 44%.

So this is a bet here, if we believe the management on the forward looking statement on the orderbook, we may continue to buy hoping a rebound in Q2,Q3 and Q4, finger cross the order book won't spill over to FY 2017.

But this is an ACE market listed stock, so apply some "discount" on the credibility or ability of the management to deliver such promise..... This is because the management, in the statement above didn't explain proper the reason for the drop in sales ( i.e lower demand or etc etc) rather it masked it with exceptional one off sales last year. At normal operating cycle, if it is performing like this... then it is a red light. To put it in another perspective, when u get poor result in an examination compared to previous semester, you don't explain previous examination is simple, rather you should explain why you didn't do good this semester ( didn't study, the question too tough or etc etc) hahah just a perspective

China segment continue to bleed whilst most of the 1Q profit are mainly due to FOREX gain. Some question to ponder:

1) Nitrile gloves production line.... does anyone know is it in China or Malaysia?
2) They seems to have assets in Europe in their segmental reporting, anybody know where is it?

not much coverage on this stock but seems great for this stock ...... wow

Hi Shinado, the edge recently covered the stock in the top 10 ACE market listed stock and one of them was opensys. Well, I am still a newbie on this but I think the biggest issue is not the growth of the company but the liquidity of this share. It still take a lot of effort for this share to climb to main board to gain the momentum, nevertheless, all the fundamentals are pointing the positive direction, a bit of patience of 5 years will make a superb investment if this company continue to perform. I didn't buy any of this share (but most probably looking forward for) but I wish you all the best on your investment

can reconsider like this one ar Fiamma20? are u really there... lol

SO callme777, what is the outcome?

ya - just tell us how is it going....... biting fingers.....

so fail?

hi please give some live update.... excited!!!!!

wow going up so much today and become the top gainer in value... bumper dividend probably?

Heard from BFM last time, think this is a gem to buy also... but I wonder if they are going to use all the proceeds to pay of the 50million overdraft they have on their balance sheet?

I personally agree with you... but the general investor sentiment who does not know much about PA normally do not choose that. Afterall it is fairly new to Malaysian investment context. But yea, the PA is something I would say more powerful a normal option or warrant.... and it pays dividend tooooo at 4%. At 0.42, whoever who buys it are biggest winner

for AMprop PA.. not need u can have a choice to redeem it to 0.50 per share or 2 PA in exchange of 1 amprop mother share. 0 exercise price

Wow... it is even lower, looks like arbitrage profit.

Just an opinion of my little knowledge, RCPS can be treated like an option, given it has the ability to convert to share using 2 RCPS in 5 years time, (draw the tree diagram of 4 AMPROP - 2 RCPS - 1 new share converted) effectively, it is a European call option with exercise ration of 4 to 1 at an exercise price of 0 (since we don't have to pay a single cent for the new share). Currently, the closest match to a 5 years call warrant in the market for a 5 years exercise 1 to 1 ratio option at current par value is at least trading at RM0.60 per option in the market with average of RM 0.10 of time value of money per year. If one really go redeem back the cash of RM 500, seems like the person will be effectively losing all the premium of at least RM0.60 per option.

All Sifu, isn't that what we should be looking for? opinions?

If above hold true, RCPS should be listed at least higher than the RM0.50 per share... which converting it to cash is a bit of disadvantage unless you think the conversion money can earn more than the premium offered.

not that this company is earning a lot of money but looking at the distribution it will be giving in 2015, it is certainly lucrative.... but why is market acting so adverse on this share? Question of the day!

interesting, the price is going down.....but why..... BFM said, people just cannot act rationally with the pot of gold given to them ... people choose not to believe in it.... that's so human

why u say so Zakken?

Ya Vegebotak, I think u have your point, PE is at the high side notwithstanding the additional dilution from exercise of RCPS in future. The risk is there...

But, I wonder what do they do with the money they managed to retain in the company by distributing RCPS than giving out cash dividend of 25cents.... would be surprise if they invest most of them in Japan or in the renewable energy sector....

But yea, unfortunately, for Brendon, I think u are not entitled for the RCPS if you are buying today

Before selling your RCPS, do note that u may exchange 2 RCPS for 1 share in 1 year time... and the RCPS is 5 years expiry... so any movement on mother share will somehow move RCPS, which is on top of the 4% u get.

I think this is just market over-reaction, if got guts, I may buy more.