Dear Shareholder,

Thank you for your participation at the Extraordinary General Meeting (EGM) of Sarawak Consolidated Industries Berhad (“SCIB”) held on 17 November 2020. As a valued shareholder of SCIB, we are delighted to present you with RM50.00 of TouchNGO Reload Voucher, as a token of our appreciation.

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YBHG. DATO' DR. IR. TS. MOHD ABDUL KARIM BIN ABDULLAH
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Ya.. agree.. I won't sell also..

Impossible to X bonus before dividend la

no. Amended already. X on 30 December.

Heh Everyone, I seldom comment in this post but I somehow felt funny reading some of the comments here. If we have faith in a company, we will buy when it drops. Else what's the difference of buying scib and penny stocks without fundamentals? Right?

https://www.klsescreener.com/v2/announcements/view/3252459

kpower boss selling shares

No worries. This is a good counter. Dividends up despite of Pendemic Covid 19. Where to find ler? I have been holding it until now. Just keep for long term. Sooner or later everything will recover.

Estimate price will come back slowly after lock down.

Elkdesa is not governed by Bank Negara so at least not affected by moratorium. Their previous clients still need to pay loan, in short they don't have to provide deferment plan like bank hire purchase. Btw, I am still collecting bit by bit.

Collected more Elk during panic selling sale yesterday. Glad to know that I was doing this alongside with the big boss.

ELK-Desa 3rd Quarter Profit Before Tax Jumps by 32%

KUALA LUMPUR, 18 February 2020 – ELK-Desa Resources Berhad (Stock Code: 5228/Sector:
Finance), a non-bank lender focused in the used-car segment, today announced its financial results for the third quarter ended 31 December 2019.

During the quarter under review, the Group registered a 32% increase in profit before tax to RM13.25 million compared to RM10.08 million in the corresponding quarter a year ago. The Group’s improved performance came on the back of higher revenue of RM38.65 million compared to RM31.11 million registered in the same period a year ago.

The increase in both revenue and profit before tax were primarily due to higher contribution from the Group’s Hire Purchase Division during the quarter under review.

As at 31 December 2019, hire purchase receivables was recorded at RM601.70 million, translating into an increase of 32% compared to RM456.06 million last year. Correlating to the increase in hire purchase receivables, the Group’s borrowings and debt securities was 185%
higher at RM287.63 million compared to RM100.90 million a year ago.

The increase in borrowings and debt securities was mainly due to higher drawdown of block discounting facility and the Medium-Term Notes that were issued during the current financial period to finance the increase of hire purchase receivables. In spite of the rise in total borrowings, ELK-Desa’s gearing ratio remains at a low and manageable level of 0.68 times.

On a cumulative perspective, the Group registered a profit before tax of RM38.36million for the first nine months of its financial year ending 31 March 2020. This marked a notable increase of 18% from the profit before tax of RM32.39 million registered in the same period last year. Revenue for the nine-month period was also 21% higher at RM110.47 million compared to RM90.93 million a year ago.

Teoh Seng Hee, the Executive Director and Chief Financial Officer of ELK-Desa Resources Berhad, said, “The Group is progressing on a healthy growth trajectory that is supported by relatively stable domestic macro-economic factors such as low unemployment rate and
manageable inflation. Based on our performance to date, we believe that we will be able to close out our financial year ending 31 March 2020 on a stronger note compared to a year ago.”

“Moving forward, we are also cognisant of the external headwinds pressuring the domestic economy. These include the potential impact from the Nova Corona virus outbreak and the uncertainties that stem from the on-going trade war between China and the US,” he added.

“While we are paying close attention to these developments, we believe that the Malaysian
economy remains resilient and would be able to withstand the difficulties in the immediate to
medium term.”

“In view of this, the Group intends to maintain its strategic direction to grow its hire purchase portfolio dynamically while paying close attention to safeguarding the quality of its assets. We remain confident that there is still a lot of room to grow in the underserved second hand car hire purchase financing segment and we will continue to invest in the talent and processes to manage
credit risk and enhance credit recovery,” Teoh concluded.

Good to see Elk going slow but steady...

Wait for a year or two and we will all know.

Indeed.. I will just keep Elk as a mini blue chip.

Really proud of ELK, particularly in the midst of uncertainties. Now we know why the boss kept on buying. Well done!

If not mistaken the management already promised no more right issue...

Yup, I still maintain my medium term target at 2.50. As you can see GENETEC is going through transformation from a counter that was heavily manipulated before it's 10 to 1 consolidation process and move all the way to become a more diversified profit making company, with reasonable dividends and organic growth. Of course I can't deny there are still sharks swimming in the pool, which is very obvious to everyone. Yet, with the current result, which is amongst its best performance if you would go through all it's previous quarters, the lower they push, the better price we will get. That's why I hope the market makers can push down some more so that I can sweep the shares over. What I guess is they would most probably maintain the price at 1.7-1.8, do the collection and later push up. And my 2.50 (or even 3.00) target will be realistic, particularly if GENETEC can give us better results or at least maintain its performance for another one or two quarters.

Well Meng, I guess the boss has his own planning on this. You may voice up your opinion in the AGM, but for me, it's definitely a good sign and I hope they will cancel more share in the future.. anyway for the time being, let's wait and see what's in the boss's head..

I guess the market makers is manipulating the price. If it goes up in a straight line, you and I and everyone will be making a big fortune, so that's not what they will do. My guess is they are taking profit for the recent sell off and for the same time to make you and everybody sell. When you are puzzled, panic and throwing your share, that's the time they will pick it up and push up the price. For me, I will wait, if they manage to push it down to ~1.70 or below, I will start buying down. That's my two cents and you have to decide for yourself.

Medium term target 2.50, long term change to 3.00

Wow, not bad! Cancellation of treasury shares! This shows that Elkdesa has strong cash flow.. it reduces the total of shares available in the market which is definitely a good thing! Yes!

Haha... let's hope for the best

Maintain short term target at 2.00 and long term 2.50

True. Not too many investors realise the value of ELKDESA, and don't you think that's a good thing? That's the reason why we still can buy in at the current price, and I really feel good accumulating along side with the big boss, if you understand what I mean.. I rather do it now than start accumulating when it is 2.00 3.00..

Ok. Coming back to 1.83. Maintain a short term target of 2.00 and a long term of 2.50.

If this coming announcement good result or at least maintain, then I expect it to go above 1.50, and if all quarters in 2019 good results then above 2.00 is for certain.

This is a long term counter. It eliminates opportunists and sharks, at least until now... both are not seen or not obvious in the counter. I have great trust for Elkdesa with long term target price 2.00-3.00 says in 3-5 years time if the current growth continues.

Yes! Target price 2.00 achieved! Yes, yes!

All these while I have been buying and keeping GENETEC for long term. I don't feel like selling even it's 1.98..2.00 has been my short term target.. Hopefully GENETEC will cross it on Monday. 2.50-3.00 for next few quarters. Good day.

I think it's just a normal adjustment.. I'm looking for a long term investment as you might not be able to see this price anymore after the announcement of results for a few more quarters..

I will maintain my short term target at 2.00, long term 2.50-3.00

（吉隆坡20日讯）随着技术面乐观，震科（Genetec Technology Bhd）今早上扬3.35%。

截至9时25分，该股报1.85令吉，起6仙，共16万6000股成交。

大众投资银行研究今日在报告指出，震科正处于上升趋势。

该研究机构说，看涨的相对强弱指数（RSI）和平滑异同移动平均线（MACD）指标显示合理的入场水平，预期短期内动能和趋势将持续改善。

“如果突破1.82令吉的阻力水平，可能进一步攀向1.94和2.07令吉。然而，若未能守住1.67令吉的支撑位，可能表明股价疲软，因此是止损信号。”

GENETEC breaks previous supporting point, looks like it's going to fly sooner than I expected... Well done!

GENETEC is on uptrend, maintain TP: 2.00 - 2.50

The last time GENETEC issued dividends was in 2011.. Now again by announcing dividends it sends out a very positive message - GENETEC is healthy with good cash flow, and super cheap..

If next two quarters can at least maintain earning, can reach 2.00 - 2.50

Ya.. up steadily.. It's a good sign I think..

GENETE QUARTER RESULT QUITE GOOD...!!

14. REVIEW OF PERFORMANCE

For the current quarter ended 31 December 2017, the Group recorded a revenue of RM27.5 million, an increase of 91.0% or RM13.1 million as compared to a revenue of RM14.4 million recorded in the preceding corresponding quarter ended 31 December 2016. The Group recorded a net profit before tax of RM3.6 million for the current quarter under review as compared to a net loss before tax of RM1.9 million in the preceding corresponding quarter ended 31 December 2016. The increase in net profit before tax was mainly attributable to higher sales volume achieved and improved operational efficiency.

15. COMPARISON WITH PRECEDING QUARTER'S RESULTS

Revenue of the Group increased by 41.0% to RM27.5 million for the current quarter under review as compared to RM19.5 million recorded in the immediate preceding quarter ended 30 September 2017. The Group recorded a net profit before tax of RM3.6 million as compared to a net loss before tax of RM0.5 million for the immediate preceding quarter mainly due to higher sales volume achieved and improved operational efficiency.

16. PROSPECTS

The operating environment continues to be challenging and the uncertainties in the global economic environment remain high. The Group will actively explore new opportunities for business development and diversification, thereby achieving sustainable and steady business growth. The Directors of the Group anticipate that the Group will achieve satisfactory performance for the remaining quarter.

I personally still maintain 1.80 as target.

Still maintain target price 1.80

Not a problem.. Just sharing of information..

1.80 short term...after quarter results only sky is the limit

TP still maintain 1.8 for short term, next 1 or 2 quarters 2.5

No problem.. but I have to clarify here.. although I met a director some years ago but I have not keep in touch with him for long time.. the info is from a friend, who is one of the suppliers for GENETEC.. by looking at the increase of orders my friend foresee another one or two quarters of positive results.. hope this will help

Short term target 1.80 will reach soon.. long term 2.50

Maintain short term target 1.80, next two quarters green will continue up until 2.50...

Maintain short term target 1.80, next quarter 2.50

Yes..once breaking 1.57 - 1.62 only sky is the limit

Short term target price 1.80, next quarter 2.50

Obviously GENETEC is gaining a new support point at 1.4X - 1.5X, after stable the next up will most probably reach 1.65 - 1.70