The results indicate Three-A's joint venture with Wilmar International in China is turning the corner. The strong sales has enabled the joint venture to reduce operating losses. Three-A's share of the losses has therefore been significantly reduced.
The JV should break even by the second half of this calendar year, The China JV should be profitable in 2017.
Three-A's share is fairly valued at current levels at 16X extrapolated earnings. But the China JV has tremendous potential and this has not been factored into Three-A's share price at RM1.10.
Yes Ronnie. I agree with you. But there's 1 big problem now. The cash flow of the company is really bad. It is holding only 4.6m cash nw. And this quater the administration expenses increase so much to about to 6m(Nt sure they purposely making result looks bad or what). Need to look at the next quater result again.
If the China JV turning into breakeven already nice, it causing the profit reduce every quater, if profitable den there's really much price gain space for this company.
Penguin dad ... U run .. Price gone up! LOL. It's true may fund managers go away .. But on top of it.... Problem with USA interest hike this June for sure. And foreign funds getting out too cos of weaker ringgit. :;
Oohlala the translation didn't appear in any newspaper but my e-trade system indicates the translation that it is announced on Bursa.
Charge of Directors Interest happens on the 20~27May.
This is what I catch from the 1 3A 27-05-2016 07:00 Notice of Person Ceasing (29C) 2 3A 27-05-2016 07:00 Changes in Director s Interest (S135) - FONG CHU KING @ TONG CHU KING 3 3A 25-05-2016 07:00 Changes in Director s Interest (S135) - FANG CHEW HAM 4 3A 25-05-2016 07:00 Changes in Director s Interest (S135) - FANG SIEW YEE 5 3A 25-05-2016 07:00 Changes in Sub. S-hldr s Int. (29B) 6 3A 25-05-2016 07:00 Changes in Sub. S-hldr s Int. (29B) 7 3A 25-05-2016 07:00 Changes in Sub. S-hldr s Int. (29B) 8 3A 25-05-2016 07:00 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) 9 3A 25-05-2016 07:00 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tanflash1314
204 posts
Posted by tanflash1314 > 2016-03-24 09:44 | Report Abuse
Uptrend confirm huh???