my friend :

Dufu case study is quite similar with Unimech that i brought 15 years ago.This type of company rich of money,they willing to pay dividend & keep on buy back their share share, at the end the price never move up but keep on droping.i wonder this history will repead again .

2017 2016
Trade and other receivables, including derivatives 373,132 443,117
Prepayments and other assets 6,607 6,729
Inventories 493,018 455,146
Biological assets 56,673 49,944
Current tax assets 2,797 1,499
Cash and cash equivalents 257,768 371,190
Total current assets 1,189,995 1,327,625

Trade & other receivable reduce from RM443,117,000.00 to RM 373,132,000.00 =69.8 mil
but on the other hand cash reduce from 371mil to 257mil = 114mil.

I prefer downgrade to RM1.40 for coming quarter if cash on hand & revenue keep on reduce.

I did agree with yiniugongxiong base on Haio NTA only RM1.10 per share, if the competitor plan to take over entire company(privatise), i think they only willing pay 1.7 time to 2.5time of NTA as what yiniugongxiong said. But if share still can trade in share market , market will decide the future value of this company.

At 11.45am :

Total buy volume 129000 share

Total sales volume 64500 share.

Thanks for our brother to support share price at RM4.65,dont give up, pls continue this trend.

Althought overall net profit increase RM4 mil compare previous year quarter,but revenue & net profit for MLM decrease 4.9% & 15% respectively.pls take note.

Administration cost(RM6.62mil) & selling & distribution cost (RM13.58mil) keep on increase when revenue keep on droping.

Wholesale division revenue increase 20% due to higher sales generated from Chinese medicated tonic and Chinese tea(during chinese new year festival).Pretax profit increase double due to gain from resale of treasury sales amounting to approximately RM 2.0 million. If this 1 time gain reduce from net profit RM19 mil,the actual net profit should be RM16mil to RM17mil, pls take note.

i question we need to ask,for the coming quarter (Feb to Apr 2018),due to no festival within this period & may be no promotion like last year & GE wil be take place within this quarter.will consumption maintain as previous year.

what i concern is revenue drop for the continues 2 quarter,wil this trend continue for the coming quarter.

Kenange Call Target price RM6.00, what is the basis ? unless revenue & net profit keep on increase for the coming quarter.

Base on EPS 20.16 cent, PE = 23 . I prefer maintain TP RM5.00 until end of the year .

Black Friday DJ just break 14 day & 30 day supporting line,will all of you follow the up trend of Haio to collect at RM4.7 - RM5.00.

Segmental cost incurred

Administration cost(RM6.62mil) & selling & distribution cost (RM13.58mil) keep on increase when revenue keep on droping.

current liability maintain at a very healthy position. (liability drop from 107mil to 83mil).good job,salute again to Tauke Tan & his management team. & thanks for your 3 cents dividend,cheers.

Again i suggest TP for end of the year RM5.00 base on PE 25.

Wholesale division revenue increase 20% due to higher sales generated from Chinese medicated tonic and Chinese tea(during chinese new year festival).Pretax profit increase double due to gain from resale of treasury sales amounting to approximately RM 2.0 million. If this 1 time gain reduce from net profit RM19 mil,the actual net profit should be RM16mil to RM17mil, pls take note.

i question we need to ask,for the coming quarter (Feb to Apr 2018),due to no festival within this period & may be no promotion like last year & GE wil be take place within this quarter.will consumption maintain as previous year.

what i concern is revenue drop for the continues 2 quarter,wil this trend continue for the coming quarter.

Kenange Call Target price RM6.00, what is the basis ? unless revenue & net profit keep on increase for the coming quarter.

Base on EPS 20.16 cent, PE = 23 . I prefer maintain TP RM5.00.



Wholesale division
The revenue from external sales increased by RM 2.9 million or 20.1% to RM 17.1
million as compared to the preceding year’s corresponding quarter of RM 14.2 million.
The increase in revenue was mainly contributed by higher sales generated from Chinese
medicated tonic and Chinese tea. The pre-tax profit increased by more than double to
RM 8.9 million mainly generated from its premium Chinese medicate tonic and sales of
vintage Puer tea. Furthermore, gain from resale of treasury sales amounting to
approximately RM 2.0 million and higher contribution from inter-segment sales had
further contributed to the increase in the pre-tax profit.

Althought overall net profit increase RM4 mil compare previous year quarter,but revenue & net profit for MLM decrease 4.9% & 15% respectively.pls take note.

MLM division
The revenue decreased by about 4.9% to RM 75.5 million as compared to the preceding
year’s corresponding quarter. The 3rd quarter was the quiet months after the completion
of the overseas incentive trip promotion campaign and 25th year anniversary grand sales
promotion in the 2
nd quarter of current financial year. As opposed to the preceding year’s
corresponding quarter, revenue was recorded higher mainly due to higher contribution
from incentive trip campaign which was ended in the 3rd quarter of the preceding year.
The pre-tax profit was reduced by 15.2% to RM 14.5 million mainly due to lower
revenue recorded and higher marketing costs incurred for the 25th year anniversary grand
sales promotion.

please repeated highlight the same issue ,so that may be managment wil notice one day.

sapurakencana Another main reason is the reversal of RM3.01 million that was
recognised in the first quarter of the current year as gain on disposal of machinery. The equipment supplier
decided that they do not need the equipment and instead of a trade-in, they gave us a discount of RM3.01
million.
This also another un acceptable reason-did company engage unqualify engineer to make the wrong dicision to purchase the wrong machinery,until the company need to back charge under this quarter.
Doubtful debt appear 2 time in current financial year.
If this 2 issue continue happen,is unfair to the long term investor.
Management ,pls do the necessary step (SOP) to protect the shareholder interest.
Pls dont be silent,pls show the result to convience us.
28/02/2018 20:41
02/03/2018 09:33

when somebody respond to my article that i repead mean i reach my target to attract more people to aware the weakness of this company & to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.


please repeated highlight the same issue ,so that may be managment wil notice one day. I wrote this statement to prevent management repeat the same mistake /no excuse for the same mistake.

Profit decreased by RM4.14 million from RM3.8 million in the previous quarter as compared to the current
quarter’s loss before tax of RM0.34 million, mainly due to higher material and operating costs in the current quarter under review

-From the above statement, i agree there is a possibility of high material cost for the quarter under review.
But why operating cost also increase when revenue decrease / production decrease . From my understanding " for example if company engage 100 people for production line,monthly cost for manpower should be fixed .Electrical & water incurred in production should be reduce when production decrease.
Anybody who know this issue please highlight.

If no answer given,i wil treat this as a wastage in production.This is bad practice in manufacturing line.

I wil buy more if this company show me they are on the right direction toward achieve the higher revenue n profit.but not now. I prefer downgrade to RM1.40 for coming quarter

when somebody respond to my article that i repead mean i reach my target to attract more people to aware the weakness of this company & to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)
14/03/2018 17:57
21/03/2018 20:03

hai everybody,have u realise tonight US federal reserve will increase their interest? when USD up RM will drop.so what will happen to our KLSE / O & G?

when EPF & retire fund in we are told to leave this counter,dont wait like Sign,Prolexus ,Sapura Energy & UMW drop like hell.
01/03/2018 10:42

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.

Anybody can give further information.
01/03/2018 10:02
05/03/2018 09:58
08/03/2018 18:35
16/03/2018 12:47

unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)
14/03/2018 17:57

The action that i take mainly to alert the new investor do not fall into this trap & to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.
In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15
14/03/2018 18:59

i hope more n more johotin kaki remember/ take note of this company mistake before invest.let help each other just because we are minority.we have no right to influence management except use this platform to express our view.

Thanks your advise.The action that i take mainly to alert the new investor do not fall into this trap & to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.
.I wil continue my journey

Thanks your advise.The action that i take mainly to alert the new investor do not fall into this trap.I wil continue my journey
09/03/2018 21:09

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.

Anybody can give further information.
01/03/2018 10:02
05/03/2018 09:58
08/03/2018 18:35

In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15
14/03/2018 18:59

CY1214

In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15

I dont think so,unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

Poultry integration
The poultry integration segment recorded a decrease of 14.6% in revenue to RM169.9 million in Q4 2017 as compared to RM198.8
million in Q4 2016, mainly due to lower sales volume and live birds selling price in Q4 2017 but was partially offset with higher sales
recorded in poultry processed products. In Q4 2017, the poultry integration posted an operating profit of RM3.5 million as compared to
RM17.5 million in Q4 2016 mainly due to lower margins arising from lower live birds selling price coupled with higher operating expenses
and a lower net fair value gain on biological assets in Q4 2017.
The poultry integration segment recorded a 5.2% decrease in revenue to RM761.4 million for the 12 months ended 31 December 2017
as compared to RM803.3 million in the preceding year mainly due to lower sales volume in 2017. The segment registered a lower
operating profit of RM37.1 million for the 12 months ended 31 December 2017 as compared to an operating profit of RM61.5 million
posted in the preceding year. The decrease was mainly due to lower margins in the segment coupled with higher operating expenses but
was partially offset by an increase of RM3.0 million in net fair value gain on biological assets in the 12 months ended 31 December 2017.
In 2016, there was a one-off insurance recovery of RM4.2 million

I .i dont understand is when poultry intergrated company like QL can earn higher profit ,why only Mflour incurred earning reduce 50% for Poultry segment.
01/03/2018 10:12
02/03/2018 09:44

why so many seller que at RM5.00?people no confident on management when market down?

amzarb44, no need to average down,when u see people dum when closing to quarter report release,you follow dum as well.dont trow your money into shark mouth again.

I think somebody try to prevent me to comment here,i try to post but can not accept by i3.

Sabestion ,any comment

If revenue,profit before tax & cash in hand keep on reduce,do you think this counter worthy RM1.75.

Revenue decreased by 5.4% to RM2,402.3 million for the financial year ended 31 December 2017 as compared to RM2,538.7 million
posted in the preceding year. This was mainly due to lower sales volume recorded in flour and grains trading and poultry integration
segments in 2017. For the financial year ended 31 December 2017, PBT decreased by 13.3% to RM96.5 million as compared to
RM111.3 million recorded in the preceding year. This was mainly due to lower margins and higher operating expenses in poultry

2017 2016
Trade and other receivables, including derivatives 373,132 443,117
Prepayments and other assets 6,607 6,729
Inventories 493,018 455,146
Biological assets 56,673 49,944
Current tax assets 2,797 1,499
Cash and cash equivalents 257,768 371,190
Total current assets 1,189,995 1,327,625

Trade & other receivable reduce from RM443,117,000.00 to RM 373,132,000.00 =69.8 mil
but on the other hand cash reduce from 371mil to 257mil = 114mil.

i agree. It TP should be down grade to RM0.9 before coming quarter report release.

sapurakencana

please repeated highlight the same issue ,so that may be managment wil notice one day. I wrote this statement to prevent management repeat the same mistake /no excuse for the same mistake.

Profit decreased by RM4.14 million from RM3.8 million in the previous quarter as compared to the current
quarter’s loss before tax of RM0.34 million, mainly due to higher material and operating costs in the current quarter under review

-From the above statement, i agree there is a possibility of high material cost for the quarter under review.
But why operating cost also increase when revenue decrease / production decrease . From my understanding " for example if company engage 100 people for production line,monthly cost for manpower should be fixed .Electrical & water incurred in production should be reduce when production decrease.
Anybody who know this issue please highlight.

If no answer given,i wil treat this as a wastage in production.This is bad practice in manufacturing line.


28/02/2018 21:02
02/03/2018 09:37
05/03/2018 09:44

please repeated highlight the same issue ,so that may be managment wil notice one day.

sapurakencana Another main reason is the reversal of RM3.01 million that was
recognised in the first quarter of the current year as gain on disposal of machinery. The equipment supplier
decided that they do not need the equipment and instead of a trade-in, they gave us a discount of RM3.01
million.
This also another un acceptable reason-did company engage unqualify engineer to make the wrong dicision to purchase the wrong machinery,until the company need to back charge under this quarter.
Doubtful debt appear 2 time in current financial year.
If this 2 issue continue happen,is unfair to the long term investor.
Management ,pls do the necessary step (SOP) to protect the shareholder interest.
Pls dont be silent,pls show the result to convience us.
28/02/2018 20:41
02/03/2018 09:33

CY1214

In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15
06/03/2018 10:47

Still remember the construction of Ayam dinding new factory already causeCapital expenditure RM100 mil(yearly).we dont know when this amount can be cover due to unstable of chicken price & high foreign currency loss (15mil per Dec report).I wonder they may be take 3 more year to complete & start operation (after testing & commisioning).

Cash Flows From Investing Activities (Dec2017) 2017 2016
Acquisition of non-controlling interests in subsidiaries (3,212) (710)
Acquisition of property, plant and equipment and intangible assets (174,441) (74,717)
Increase in investment in a joint venture - (2,773)
Proceeds from disposal of property, plant and equipment 192 2,554
Net cash used in investing activities (177,461) (75,646)

Cash Flows From Investing Activities (Sept2017)
Acquisition of non-controlling interests in subsidiaries - (9,032)
Acquisition of property, plant and equipment and intangible assets (101,970) (59,938)
Increase in investment in a joint venture - (2,772)
Proceeds from disposal of property, plant and equipment 187 174
Net cash used in investing activities (101,783) (71,568)

Thanks your advise.The action that i take mainly to alert the new investor do not fall into this trap.I wil continue my journey

Due to no answer from management,i rather downdrade this counter to RM1.40.Let support each other to improve this counter performance.(voice out your point of view to let management aware their problem)

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.

Anybody can give further information.
01/03/2018 10:02
05/03/2018 09:58

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

Now not the right time to enter,let it drop to the reasonable price.


Poultry integration
The poultry integration segment recorded a decrease of 14.6% in revenue to RM169.9 million in Q4 2017 as compared to RM198.8
million in Q4 2016, mainly due to lower sales volume and live birds selling price in Q4 2017 but was partially offset with higher sales
recorded in poultry processed products. In Q4 2017, the poultry integration posted an operating profit of RM3.5 million as compared to
RM17.5 million in Q4 2016 mainly due to lower margins arising from lower live birds selling price coupled with higher operating expenses
and a lower net fair value gain on biological assets in Q4 2017.
The poultry integration segment recorded a 5.2% decrease in revenue to RM761.4 million for the 12 months ended 31 December 2017
as compared to RM803.3 million in the preceding year mainly due to lower sales volume in 2017. The segment registered a lower
operating profit of RM37.1 million for the 12 months ended 31 December 2017 as compared to an operating profit of RM61.5 million
posted in the preceding year. The decrease was mainly due to lower margins in the segment coupled with higher operating expenses but
was partially offset by an increase of RM3.0 million in net fair value gain on biological assets in the 12 months ended 31 December 2017.
In 2016, there was a one-off insurance recovery of RM4.2 million

I .i dont understand is when poultry intergrated company like QL can earn higher profit ,why only Mflour incurred earning reduce 50% for Poultry segment.
01/03/2018 10:12
02/03/2018 09:44
05/03/2018 10:00

mkmike ,look like you know both company management very well.but still not enough to explain the reason profit drop so drastic.

The group is expected to secure voluminous contracts in the industrial printing and production as well as medical segment.

"As these two contracts involve more complicated manufacturing processes, we believe that the margins
should be higher and hence, should be able to help the group to weather through the weaker dollar (or stronger ringgit) environment.

This statement still unreliable,anything can happen without the prove.let it happen first.

let them reply us at this forum,i have no time to attend AGM.Is their resposibility to give us a reasonable answers/ return when we put 100% our faith on their management.

mkmike : from you statement above means that Mflour engage a inefficiency management.

do you think 15mil loss in currency is ok for Flour segment.

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55
05/03/2018 14:15

Anyhow.dont falling into this trap.coming quarter will realise what you said is true or not.

Dartmaster,can yuo share whose the iq competitor within South East Asia.

CY1214

In the most recent 5 years, Johotin has spent total CAPEX of RM82mil for expansion.

Which is more than sum total of net profit for 2015 + 2016 + 2017 = RM79mil.

The business owner will only spent such a big amount of CAPEX if there is potential to grow and the company has the intention to grow.

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

Refer to Master ColdEyes book in 2018, normally the result from expansion of Johotin could only be shown after 1-2 years from the completion of the expansion. Johotin is one of the 4 companies that ColdEyes identified as growth company that he mentioned in his new book.

The 3rd QR 2017 also mentioned that Able Diaries Marketing started its operation since 3rd quarter 2017 therefore more distribution cost needed for start up.

Sapurakencana :

As at end of Dec 2017, the new plant still haven't started to contribute to the company revenue and bottom line as per confirmation with the investor relation department.

CY1214,if you the boss of this company,do you willing to wait 1 more year to start contribute to company after spend 82mil for the past 5 years.rediculous
01/03/2018 12:48

if this issue not solve asap,i'm not afraid to said that this company may be incurred loss for the coming quarter..
Dont forget high material cost & doubtful debt issue still not settle.
I rather down grade this counter to 90cent before any improvement
01/03/2018 12:55