how is this a RM 1.7b company when it's loss making and has RM40m revenue???

What is our SC doing?

Gunung sell before bad QR and buying back in?

Post removed.Why?

I'm speeechless with MIDF analyst. Lost all respect for them

wow... speechless with this analyst. Have lost all my respect for MIDF

Post removed.Why?

Post removed.Why?

Post removed.Why?

Great news for LYC

Intag Industrial is an authorized distributor of 3M. but How many authorized distributor of 3M are there in Malaysia? Just google and u know there are loads of them. For sure MTag's Intag Industrial will get a huge demand for the masks / gloves and what not - but its the same as all the other authorized distributors.

The big question is how much inventory they had, and how much extra supply they can get from 3M. There will be a bottleneck cos there're so much demand...

They're not like Supermax who produce and distribute under own brand, they're just an agent.. so when 3M run out of stock, they also will not be able to sell more.

Mtag is a good fundamental stock. Personally I think it should be valued around 62c but if you buy Mtag stock because of plainly thinking there's a picture of masks and gloves, then u have not done yourself a justice. Just my 2 cents

so now rgtbhd and lyc both in hygiene space.

One manufacture the dispensers / air fresheners, another doing the service. I think doing hygiene service makes more money right? OEM guys only make peanuts.

You drive around you see Rentokil Initial everywhere. Rentokil Initial Malaysia makes RM 200m revenue a year. Half of it from their hygiene business.

its the final chunk of the previous private placement. 2m shares raised only.

3 good news in matter of weeks of LYC.

1) Acquiring Singaporean company
2) Collaboration on Covid19 tracing app
3) Collaboration with hygiene services & disinfection service company

Looks like the management are proactive in making value and increasing range of services to synergise from their healthcare segment

INFORMATION ABOUT BIOFRESH AND ITS SHAREHOLDERS

Biofresh is a cleanliness, hygiene and sanitation service provider that has been on the forefront of
the hygiene and sanitation industry since 2002. Its aim is to provide a safer, healthier, virus free, and more hygienic environment for its customers.

The directors and the shareholders of Biofresh are EcoCare Environmental Services Sdn Bhd and Alvin Lee Hock Meng. EcoCare Environmental Services Sdn Bhd, is a subsidiary of EcoCare Hygiene Services Indonesia (PT Indocare Pacific), which is the 2nd largest hygiene company in Indonesia by market share. EcoCare Indonesia management team has over 30 years of experience since the toilet hygiene industry emerged and grew in Indonesia.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3051005

Details of Biofresh Hygiene:

Biofresh provides sanitation, cleaning and hygiene and services in all types of rooms and / or
washrooms of buildings. Biofresh addresses the need for thorough hygiene management in building facilities such as hotels, apartments, restaurants, hospitals and offices for a virus free and safe space - especially in the wake of highly contagious pandemics.

Some of the services offered includes:

- Disinfection service using Ultra-Low Volume (ULV) misting on entire space of the targeted area. A
rapid anti-microbial prevention is achieved within 3 minutes and with up to 99.99% kill rate. The
solution used is approved by United States Environmental Protection Agency (US-EPA) and United
States Food and Drug Administration (US FDA) for application in healthcare and public health. The
active ingredient is tested and proven effective against coronaviruses, while also being
environmentally friendly as it leaves behind non-hazardous residues and is 100% biodegradable.

- The service of manual and automatic hand sanitizer dispensers to provide a convenient and fast way to sanitize hands. The solution used contains 70% alcohol content, making it effective in inhibiting bacteria and viruses.

- In the washroom hygiene service space, the toilet sanitizer to keep urinals clean throughout the day by dispensing sanitizing fluid at regular timed intervals or at every flush to inhibit bacteria. It also eliminates odour and prevents scaling on toilet bowl surfaces and pipes. The toilet seat sanitizer provides a convenient and hygienic solution to ensure a clean toilet seat that is free from risks of infections and bacteria. The lady bin provided by Biofresh also allows for hygienic disposal of sanitary napkins as the pedal includes a bactericide gel with perfumed vapour to inhibit bacteria, and prevent unpleasant odours.

- Biofresh is also looking to venture into Internet of things (IoT) technology in their washroom hygiene service segment to conform with the new norm of social distancing.

LYC Healthcare partners with Biofresh to market hygiene, sanitisation services

LYC Healthcare Bhd (LYC) is partnering with Biofresh Hygiene Services Sdn Bhd to market cleanliness, hygiene and sanitation services in Malaysia amid rising awareness of hygiene due to the Covid-19 pandemic.

Its wholly-owned subsidiary LYC Medicare Sdn Bhd had entered into a hygiene and disinfection services collaboration agreement with Biofresh where the former will market a range of cleanliness, hygiene and sanitation services on behalf of the latter.

“The range of cleanliness, hygiene and sanitation services includes manual and automatic hand sanitiser dispensers, hand soap dispensers, toilet seat sanitisers, lady bins as well as disinfection services.” said LYC in a filing with Bursa Malaysia today.

LYC Medicare will be granted the rights to use all the marketing materials developed by Biofresh to generate sales for Biofresh hygiene services, valid for a period of three years and may be extended subject to mutual consent of the two parties in writing.

Through this agreement, LYC Medicare will be entitled to 30% of revenue generated in Malaysia from clients secured by the company, with the amount being exclusive of all applicable taxes.

Thus, this agreement will have a positive impact on the company’s earnings and net asset per share for the financial year ending March 31, 2021 (FY21).

Some of the services offered include disinfection services using ultra-low-volume (ULV) misting for the entire space of the targeted area — rapid antimicrobial prevention is achieved within three minutes with a kill rate of up to 99.99%.

The solution used had been approved by the US Environmental Protection Agency (EPA) and the US Food and Drug Administration (FDA) for application in healthcare and public health, said LYC.

“The active ingredient has been tested and proven effective against coronaviruses (Covid-19), while also being environmentally friendly as it leaves behind non-hazardous residues and is 100% biodegradable,” said LYC, adding that services of manual and automatic hand sanitiser dispensers provide a convenient and fast way to sanitise hands with a solution containing a 70% alcohol content, making it effective in inhibiting bacteria and viruses.

This agreement did not come as a surprise as it was in line with the company’s current business direction and strategy to increase revenue and profit contributions from the healthcare services business segment.

“LYC intends to leverage on its healthcare platform and customer base to generate additional sales and marketing leads to adopt the usage of Biofresh hygiene and sanitation services,” said LYC.

Prob your safest bet to those looking into the rubber glove train.

Its Q1 result on monday made the entire glove sector fly this week

Mabel, you are missing Riverstone (SGX) from the copy paste...

Riverstone (SGX): 20.9x / 16.5% / 15.8%

Those that's looking into buying Harta should seriously take a look at Riverstone. Trading 1/3 of the value, while being as profitable. 5th largest glove manufacturer in Malaysia, 2nd most profitable glove manufacturer trading at the lowest valuation. Also like Harta, Riverstone focuses on nitrile glove.

Its biggest downside? Singaporeans dont really value it much.

QR result is 5050, neither good nor bad imo. Company still growing (RM 50m achievable - means 10% yoy growth on revenue) despite at slower rate, 9m profit is more than last year entire profit, still highly profitable company (27-30% margin), and company balance sheet still rock solid. (healthy cash and debt level).

Prob wont reach RM 1 with these numbers but any big sell off, there will be people picking it up.

Personally own Dufu...

DUFU for a short trading period / window will have no more immediate headwind, unlike its peers who's yet to report QR.

Additionally, they still have the 6c dividend as well as bonus issue (1 for 1) which had been proposed in Jan / Feb which is still in play. Any positive update with regards to these 2 corporate action will be another tailwind to the stock price.

The stock price trading at 22x PE is not cheap for sure, but I can't find an alternative that fares alot better in risk / reward, so will keep holding and nibbling.

Post removed.Why?

dodgy company.

Ask you this... Hartalega - a multi billion dollar company spends RM 14m to upgrade ERP system.

Who is YES COMM Enterprise to spend RM20m for ERP? Mind you, Yes comm is merely a handphone retail shop with 4 outlets.

Don't fool yourself from low PE ratio company means value investing.

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

So fierce competition & currently domestic politics --> potential policy changes are driving this price down. Big cloud hanging and is not cleared til May.

Post removed.Why?

SLVEST not DAP stock, but is at risk (both negative and positive) if there are any changes in policy with regards to renewable energy (which is likely)

Newbie128 I agree, hence why I always say slvest is good for traders, but not for those who think this is one for long term. Not yet anyway.

Pinpin, I also agree wf u, although I must say that their LSS 2 deal was pretty good. If not mistaken they get Usd1 per W of energy. That’s a pretty healthy margin for LSS. I hope u r right and they can close more deals with good margin. But the industry is competitive, even in that space.

In my previous post, I was expecting RM 120-130m revenue this quarter, and perhaps RM 6-9m profit... Solarvest report RM60m and RM 5m of revenue n profit.

Revenue already start dropping by 40% qoq... Management says: "The decrease in revenue was due to most of the large scale solar projects had reached near completion." exactly my thesis. LSS 2 completion will leave a big gap on revenue.

As a matter of fact, I'd think that they maybe can record higher sales this quarter (they completed LSS2 in Dec if not mistaken) but prob trying to even out the FY 2020 numbers so not to pressure themself for next year.

Orderbook at RM 145m while market cap above RM 510m... PE above 30x.

Also agree with hazli post - recent politic is a risk to solarvest.

Just becareful if you trade this counter. Cheers.

I love this company. Really love what it had achieved. But yes, if I'm honest to myself, fundamental is abit stretched. And the QR is good but no positive surprise

So there’s a contract win for Solarvest. But does this news justified recent rally? Because this news is not new. As a matter of fact, it’s old news, first reported in November by teoseng.

https://www.theedgemarkets.com/article/egg-producer-teo-seng-signs-moa-solarvest

Solarvest needs 10 of these size of deals this year to cover for their LSS 2 works.

If you see their social media page, you also can roughly see how much industrial / commercial projects they win over time. They seem to publish a lot (even those 500kw wins)

Primeinvestor I’m not an analyst, just someone that has been burned many times cos of greed and fomo and thus having more skeptical eye when it comes to Investing & take a different view on growth prospects. Alof of retailers jump in cos of hype and thinking this company can be the next penta the next greatec, but they need to understand the business and growth prospects. For Solarvest, beyond the next qr, everything is still up In the air cos they lose lss2 orderbook and don’t win anything from LSS3 (which I’m glad)

Again, I love what Solarvest is doing, it’s noble. They even can go to rm 1.50, quite sure there are gullible ones out there who will buy a lot more after their undoubted awesome qr 3 results. If ur time horizon is short and a trader, by all means this stock stock is on crazy uptrend. Go for it. But if u think this stock can prosper in the next few years, Jury is still open.

A couple of pointers why I say that Quarters ending in December 2019 is going to be damn good but it's a tough ask for Solarvest to repeat FY 2020 (March 19 - March 20) hence long term investor might want to look elsewhere...

In IPO prospectus, it's mentioned that as of March 2019, they have unbilled orderbook of RM 195m, out of which RM144m is from LSS2. (unfortunately i3 have no capacity to attach picture)

And then in end August 2019, unbilled orderbook increased to RM 200m out of which RM 60m of bills from LSS2 have been absorbed into the accounts in Quarter 2. This means, Solarvest gains RM 65m contract in the residential and commercial & industrial segment. This is good.

LSSPV 2 project is fully completed in 2019, hence most of RM 83m should flow into Q3 2020 report, which will come out this month. Revenue and profit QoQ will improve. I think they can achieve RM 120-130m revenue this quarter, and perhaps RM 6-9m profit.

But this is where it stops.

From Q4 onwards (Jan - Mar 2020) and beyond, there is NO MORE orderbook from LSS. It has to be fully subsidized by commercial & industrial sector. Granted, margin is alot better from this sector but they have to work hard to FILL THE GAP of the RM 145m LSSPV revenue they get from March - Dec 2019.

For FY 2020, maybe Solarvest can achieve RM 300m revenue and RM 25m profit, translating to RM 0.065 eps. That's PE of 18x based on today's price.

But for investment beyond FY 2020, the jury is still open. One thing for certain is they will definitely lose RM 145m or half of revenue achieved from LSS2 and about RM 10m in net profit. Can you attach a high PE for a company that has a questionable growth???

From their average contract sizes in commercial and residential (RM5m), they need to win at least 30 different industrial lots, and I can tell you... competition is just about to get harder.

A good stock to trade, not to invest. Just my 2 cents.

haha ok, let’s agree to disagree then primeinvestor.

I think LSS 3 is pasar malam cos the tender done were crazy. There were hundreds of companies from foreign companies with local entities to local listed companies all bidding for a piece of the pie, some bidding at negative IRR. Contractors and sub cons of the 5 winners will definitely be squeezed In price. In that sense I agree that slvest shouldn’t bid anything from this pasar malam.

Again we need to ask why is the price going up. Any catalyst or stock just being goreng up. 1) do they win any big contracts? 2) issit anticipation of good Q4?

I hope u r right and that SLVEST Will announce that they win something and at good price (number 1) cos if catalyst of price going up is number 2) then ppl will be highly disappointed when number for q1 2021 come out in May as that will be significantly lower

Anyways congrats to u & all those who caught this on technical outlook. But for those who haven’t got the stock and wants to buy as they fear of missing out, just understand the risk.

Kthxbye

Also mind you.. their LSS 2 contracts are at damn good price. LSS 3 like pasar malam, everyone throw price left right center. Those who won tender sure press down contractors like mad.

primeinvestor.. I agree. Commercial and industrial margin are very good. All I said is that it wont "give as much topline as Q1-Q4 2020 figures..." means the revenue wont be as big.

They need to win alot more commercial and industrial projects (average deal size MYR 5m based on their prospectus) to cover for MYR 180m revenue that accounts for FY 2020 numbers.

Mind you, from Oct- Dec of 2019, have u heard of any big commercial / industrial deals apart from TeoSeng?

I like this company, I hope it succeed because what they do is noble.. but fundamentally, it doesnt make sense with all the publicly available information right now for them to trade where they are.

Jus sharing my opinion. Dowan ppl to buy buy buy then get shocked if SLVEST reports lousy Q1 2021 figure sometime in May.. :)

Chang Wt..

on your blog you wrote: "When China solar companies are not performing well, their orders could flow to Solarvest and hence, its price surge.

Bro, SLVEST is an EPCC company.. they dont produce solar panels... and they dont have presence in China.

And btw, if price of solar panel surge, this is BAAAADDDD for SLVEST. They procure "solar panels" as part of their EPCC model.

Again, they're NOT like GREATEC - who manufacture part of solar panels for First Solar, and they're also not like UWC... totally different business model.

Cheers. :)

Their upcoming QR will be awesome.. but that's the last chunk of QR that will have their past LSS2 orderbook, revenue and profit.

After that... all contracts will be only from industrial and commercial, all of which wont give as much topline as Q1-Q4 2020 figures...

Best is to sell after the QR report - take advantage of those who thinks SLVEST will continue to prosper.

My thesis will change if:
1) SLVEST wins some big EPCC contracts from those that wins LSS3
2) SLVEST EPCC contract wins is priced well. (similar to LSS2 price which is about USD 1 per W )

jus sharing my 2 sen

Q1 gonna be awesome

PE below 10x, DY above 10%. Good buy

Post removed.Why?

Would be so much better if you can give size of landbank / planted area, average age of plants, production amount and so on...

will give the ambank analyst some slack.He spotted and shared with us the latest going ons and those who followed closely wouldve made money from the report 2 quarters ago.

engine starting..

the WB cheap like anything... premium of single digit.

USDMYR touch 1.5 year low thats why price been hard to move up, hopefully its just a matter of time before ppl see the value of the company is more than any FX rate.

upcoming result next quarter will be excellent (oct-dec 2019), but for what? After this result, all empty, no more projects, no more business. Prob last chance to sell before all hell break lose for this counter.

Get nothing from LSS, now probably scraping for small chunk of sub con LSS business from those who win.

Q1 shows revenue growth... the only thing missing from Homeriz.