seen like EG not interested to tangkap "sui yee", may be still in self accumulative phase...
also, may be their bigger games at the moment is to promote the RI..anything below RM0.90 is worth for their own accumulation...

Thank you Yeong. Any forecast on the future earning mentioned in the AGM?

Thanks yeong, you gave fair comment as always. will focus back to mother share. thanks again.

just notice, if EG-w goes back to RM0.20, it is a 100% gain... Yeong, we only focus on EG and forgotten about the warrant. Do share if right time to buy. thank you

ooh EG-w, forgotten abt this as well..

Yeong, what else you can share? guess once Jubilee accumulate enough, this counter sure move up further... Jubilee has been buying almost everyday last week... with last Friday the most so far... interesting development ever since Jubilee first acquired into the counter at the beginning of the year...

EG is getting interesting, Jubilee/ EG continuous buying again...
may be can't wait for next quarter result....
Yeong, what say you?

Yeong,

EG major shareholder Jubilee/WE Holdings has been buying last few days, this confirmed their continuous confident in the company.

In the AGM, seek Management's forecast for the income for bal of 3 quarters and next FY and what effort are they taking to improve or at least maintain their bottom line.

The 1st quarter is impressive, the main concern is can their Management improve or at least consistent in their performance?

If their 2nd quarter ended in another 13 days can deliver same net profit as their 1st quarter, I would think this counter is surely very very attractive.

So, are they serious in this venture or this WE Holdings just in for short term play play? their consistent results is needed.

thanks Yeong, you write very good sense.
we will be buying if their net quarter can continue to deliver good result.
may be you can highlight again in their AGM, if the margin too thin, no meaning for investment. therefore, very important their performance can be consistence.

Yeong, what is your interpretation of Terence's buying?

for investors, the concern now is, will the quarterly earning continue. The next AGM, Yeong, please highlight the concern and request their Management to state their commitment for earning continuality. Like IFCA, their Management was very open to explain in their media briefing recently...

Yeong55, thank you for sharing

yeong55,

VS Ind
Rev : 1.715bil
Net Profit : 46.6mil
Net Profit Margin : 2.7%
EPS: 0.2952
PE: 9.98x

EG
Rev: 993.7mil
Net Profit : 2.106 mil
Net Profit Margin : 0.21%
EPS : 0.02
PE : 21.73x

VS is 2.7% net profit margin, vs EG of only 0.21%, this show the competency and commitment of the Management.

Yeong, ust like if you run a business, every one ringgit of sales, you net profit is less then 1 SEN, you think worth of not? unless EG new management make drastic improvement, else why should the share price improve?

if EG's net profit margin is also 2.7%, sure the share price can be as good as VS...

well, Yeong, make more noise to them in their AGM...

yeong55,

you surely is a serious investor, you put in effort to visit their factory, is a great effort if you are not in their management.

Again, as previously mentioned, a 1% net profit will justify the RM1.00 share price.

Assuming the 1st Quarter ended 30 Sep 2014, their Revenue reached RM250mil, a 1% net profit is rm2.50mil which is better then whole of last FY.
This will give a rolling 4 quarters of more then RM4mil and the PE of slightly more then 10x and making the current price attractive. Otherwise, this counter is of no use.

someone mentioned about bonus issue or right issue earlier, the RI is good if the PE is 10x else who would want to subscribe the RI? i thing BI is out as the past earnings not there.

SHQuah, on 9 Oct, you mentioned the Singapore shareholder lost "few hundred millions" by investing EG at RM1.00 is incorrect.

Jacksam, DNex posted 2 continuous quarterly profit...

rob, i very confuse...Lcchong said Dayang's order book is RM4.7b, tender book is rm1.0b, yet u said the new contract can double the order book...meaning to rm9.4b? where from?

flytothemoon is correctly stated MPay current status without TRS.
unless Alibaba also look into MPay...since Alibaba got so much cash...

any one got the figure on EG's holding in MYEG? cos MYEG keep going up...

ok guys, thanks for sharing

ya, ONGlah, Dayang buy Perdana meh? where do you get the news?

Crecimiento has written good article on REV on 2 Sep. Those of you missed it is like missed a jackpot!!

MYEG keep moving, EG's holding in MYEG is growing too

yes, agree so much with sammy. EG can be super counter if the margin can be improved..

Thanks Yeong, at least get EG Management's forecast profit margin for 2015

sorry ....deliver a mere 1% net profit margin can give EPS of RM0.127...

yeong,

if you go for EG's AGM or any GM, please question on the net profit margin...
business do big big no use if not making profit for the company...

text book pun ada ajar to watch up on those companies keep increase sales to justify their top brass' salaries..but can't deliver satisfactory profit...

revenue increase to rm2 bil also no use if net profit margin is so miserable.. in reference to:

http://www.thestar.com.my/Business/Business-News/2014/09/01/EG-Industries-plans-to-double-revenue-to-RM2bil/


FY ended June 2013 Rev: RM800.856mil, Net Profit : RM1.77mil, Profit Margin only 0.22%!!!
FY ended June 2014 Rev: RM953.714mil, Net Profit : RM1.807mil, Profit Margin reduced to only 0.189%...!!!!!!

Again, if EG's management really serious about the company's future, deliver a mere 1% net profit margin can give EPA of RM0.127, by any standard, using PE of just 10x will give a fair value at RM1.27..

4th Q result not good. Overall, still ok, up 48% only

GTronic's Revenue only 1/3 of EG, meaning GTronic(RM4.82)'s sales is so much smaller then EG(RM0.72).

But GTronic's net profit margin is at least 16%.

If EG's net profit margin can reach 6%(not to mention 16%), the EPS will be exceeding RM0.76.

Therefore, if you know anyone in EG or will be attending their next AGM, ask them to watch up on their costing and expenses, then this counter can fly.

Assuming their net profit margin can reach 6%, using PE of only 10x, it share price can value at RM7.60..well, that is only if their profit margin can be improved.

yeong55, EG's report should be out very very soon, if their 4Q having net profit of RM300k, on y-o-y basis, it is a 100% improvement in net profit

yeong55, i was referring to question posted "how come not up?"

if nobody doing anything sure it can't goes up lah...

if the company not going for roadshows, not meeting funds, how can the price go up? only very few aware of this counter, may be it is just the main player(s) wanted it that way, at least for the time being...

you can't expect just few retailers to move this counter....

if staying at home and do nothing, can you expect money to drop from the sky?

why should it go up?

The link below shows 26% taken up by WE Holdings. Meaning the max volume in circulation is only 74% of 55.5118 mil shares or RM40.246 mil based on mid day closing price.

http://www.theedgemalaysia.com/business-news/298741-update-jubilee-industries-emerges-as-substantial-shareholder-in-eg-industries-bhd.html

The link below quoted the CEO the possibility of Right Issue..also on the same news source, 3Q earning is RM3.3 mil, far surpassed last FY of only RM1.77mil..

http://www.thestar.com.my/Business/Business-News/2014/08/11/EG-Industries-secures-orders-worth-RM300mil/

EG can reach RM11.30 if EG can bring the net profit margin to 8%...

EG do not need to increase their Sales/Revenue, just increase the net profit margin...8% only, 8% only..cut cost or reduce raw material cost as any accounting student can advise

With 8% net profit, the EPS can reach RM1.01 and use PE only 11x(currently at 30x), the share price will be value at RM11.20

got to be within this 2 weeks

the secured new order of rm300mil, if just 1% net profit will give RM3mil or 4 sen per share by 1Q 2015.
existing 3Q of 2014 is having net profit of RM3.3mil, compared with last year whole year of only RM1.77mil.(!!!..PE can come down and making share price attractive)
If i am the new management, where i am willing to pay RM1.00 per share earlier, any share in the market if less then RM1.00, i would most probably mop it all as well...

anbz is good

wee888, u have previously mentioned about EG, still worth to look into it now?

only sabu 5mil shares

i did i did

if shareholders can highlight to EG's management to be more cost conscious in their AGM, next year EG can be better

MPI's net profit margin is 3.95%, EG is only 0.189%

EG's revenue is good, but the profit margin too thin..if it can improve then i would invest more

i support by investing and looking forward for good Management performance by seeing significant improvement in profit margin. Good profit give me good EPS, good PE which therefore sure translate to good share price and eventually looking forward for dividend payment.

http://www.thestar.com.my/Business/Business-News/2014/08/11/EG-Industries-secures-orders-worth-RM300mil/

i felt so scare after reading from my UK friend, sold all my MPay at 0.305, why it does not go down anymore?? so sad... why still got people wanna buy my disposal ooooh....

leslie, i hate to say it, but i do agree with you...by the way, i am also in UK....Ulu Kajang...

the last time FOCUS Malaysia cover the story on Landmarks, Landmarks share price increase 40%..if MPay also increase 40%, that would be RM0.42

thanks Funtrade