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2016-02-29 21:01 | Report Abuse
Each share of Kseng holds 3.03 of cash.
2016-02-29 20:49 | Report Abuse
It could links to hostile privatization.
2016-02-28 09:07 | Report Abuse
So you expect company do not have any current or non current liabilities?
It if unfair to company if you do not read through whole report before conclusion made, you just pluck a figure which is favor to you and publish your opinion here.
Mieco retained earnings have increased from 50+misl to 70+ mils in one year time.
I never convince people to buy any stock, just wish to have a room for constructive discussion at Mieco forum here.
2016-02-27 17:46 | Report Abuse
2015 Q4, mieco invested 17.2 mil in property,plant and equipment and 28.4 mil for loan repayment in Q4, 2015!
35mil of cash consideration after disposal of MWP, Mieco is able to pay off all the term loan of 32.1 mil (As the Company expects to fully replay all term loans in 2016 mostly from proceeds arising from disposal of MWP, -refer to page 10/12, 2015 Q4 report).
Management is aggressively to pare down the borrowings from healthy cash flow generated from operating activities and benefit from lower material cost.
Fundamental remains intact, and looking for dividend paid after loan repayment in 2016!
2016-02-24 15:31 | Report Abuse
Dear ilovemarket, don't compare latitude which is in furniture industry. Do compare with hevea or evergreen. We shall discuss on figures and facts.
2016-02-23 22:46 | Report Abuse
Ilovemarket, do remember that Mieco was announced that it is disposing its forest management subsidiary for RM35 mil, cash. Close to half of Mieco debt is in BA.
You should see Mieco cash cycle instead merely interpret from high receivable.
This is the calculation based on my company management efficiency spread sheet,
Mieco cash cycle is only 29 days compare to Hevea, 70.5 days!
2016-02-23 20:24 | Report Abuse
You may see it's peer, Hevea is trading at PE of 11+
2016-02-23 20:16 | Report Abuse
Short term tp should be 1.06, if this quarter result is 3.5 cents, based on PE of 9.5, among the lowest in wood & furniture industry.
2016-02-16 20:39 | Report Abuse
Hippo_SheeYin, unlikely limit up. But is good time to accumilate
2016-02-14 22:17 | Report Abuse
Presume/Expected quarter result is 3 to 3.5 cents, trailing PE is ~7.5.
It is time to start accumulate. Technically oversold
2015-10-04 15:00 | Report Abuse
GKent is a fundamentally good, however hard to collect money back from debtors, look at their trade receivable, they almost need 190 days to collect back their money! It is unhealthy
2015-09-08 23:29 | Report Abuse
Frankly, i cant see any reason major share holders want to keep flbhd listed. Dont you think?
2015-09-08 23:28 | Report Abuse
Hissyu2, privatization is looming. If you understand their family and structure of company, you know what i mean...keke
2015-09-07 19:05 | Report Abuse
Zzas, please do study before you spreading the rumors here
2015-08-04 10:41 | Report Abuse
Hi,hissyu2.. what you care of shareholders selling? are you depending on this to trade?
2015-07-30 08:55 | Report Abuse
No specific target price given for FLB, but should be more than RM1.69 based on improving USA consumer sentiment and convincing USA house builders data.
With FLB's current financial muscle, we don't see any reason to keep FLB listing.
I strongly believe that it will delist from Bursa if USA economic keep improving, that's why i said that more insider transaction or corporate exercise expected.
2015-07-29 23:45 | Report Abuse
Family Lin disposing only 0.1 percent of their shares. Might be something behind this move..Think about this.
This happened before, depressed share price by disposed small amount of their total shareholding. (Just 10 lots per transaction!)
FLB is basically controlled by 3 big families, Lin, Yang and Lu. Family Lu is out of picture soon, and we expect more insider transaction between them. Hence, I can foresee that share price will be continued depress until common agreement reached between them.
Prepare for next big rally or take over offer. Let's see!
2015-05-28 22:07 | Report Abuse
Dividend steadily maintaining at 15 cents! Any chances to go privatization?
2015-05-26 14:50 | Report Abuse
going to announce quarterly report and dividend.
2015-04-14 21:56 | Report Abuse
Expected fruitful Q1 2015 financial result.
Highly undervalued and will turn negative PE to positive PE after this Q1 result. Rich in cash and stable and expanding businesses.
2015-04-10 09:20 | Report Abuse
Just received insider news!!
2015-03-26 21:47 | Report Abuse
This quarter's earning was mainly due to disposal of property.
Expected increasing of turnover and better profit margin at next quarter ... target price at 0.96 based in PEx8
2015-03-18 11:05 | Report Abuse
With good fundamental and cash rich company. No doubt can hot 2.00.. especially 60 percent of the products are export to US market.
2015-03-17 21:11 | Report Abuse
The Board of Directors of Century wishes to announce that Century Total Logistics Sdn. Bhd. [Company No. 419234-V], a wholly owned subsidiary of the Company has been issued a Third Party Notice dated 13 March 2015 under Suit No. 22NCVC-28-01/2015 by Megasteel Sdn. Bhd. [Company No. 181104-T], in relation to a claim by C&F International GmbH [Company No. HRB 16573] against Megasteel Sdn. Bhd. [Company No. 181104-T]. The claim is for the sum of Euro 255,000 (approximately RM1,000,000), interest, cost and such relief which the Court deems fit.
The Company is conducting an internal review to better understand the circumstances of the issuance of the Third Party Notice.
The Company shall appoint solicitors to represent the Company with regard to the Third Party Notice.
2015-03-10 21:10 | Report Abuse
Completely disappointed with the performance! Why no body goreng?
Stock: [KSENG]: KECK SENG (M) BHD
2016-02-29 22:15 | Report Abuse
company deliberately did it this way