Posted by 晓雨霖 > 2020-04-15 09:45 | Report Abuse

MCT keeps going

Posted by Jerry Yip > 2020-04-15 10:49 | Report Abuse

buy

Posted by foo > 2020-04-15 11:25 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by beachboy > 2020-04-15 11:33 | Report Abuse

MCT no more power....

Posted by Godofgambler > 2020-04-15 11:45 | Report Abuse

Tp0 30

Posted by Jerry Yip > 2020-04-15 12:44 | Report Abuse

buy

Posted by Shinju_Nosuke > 2020-04-15 12:51 | Report Abuse

Heavy selling rite now??

Posted by beachboy > 2020-04-15 12:59 | Report Abuse

need to break the 0.19 wall first else can bye bye already

Posted by pc007 > 2020-04-15 13:07 | Report Abuse

Today will cross over 20cts after break. Relax sat yezterday push up so hard d

Posted by beachboy > 2020-04-15 13:20 | Report Abuse

let see lo... 0.20.. macam very hard

Posted by Jayson4896 > 2020-04-15 13:52 | Report Abuse

I think will go down, becareful.

Posted by beachboy > 2020-04-15 13:53 | Report Abuse

if 185 support habis then K.O

Posted by Shinju_Nosuke > 2020-04-15 14:01 | Report Abuse

RBS is 170...so for swing put ur sppt at that price

Posted by longvalley > 2020-04-15 14:05 | Report Abuse

.... celup .... pancut .... cabut.....!!!
Strategi in tis situation......!!!

Posted by Moon1668 > 2020-04-15 14:35 | Report Abuse

Momentum is slowing down. Keep a watchful eye.

Posted by Shinju_Nosuke > 2020-04-15 15:07 | Report Abuse

Wahhh big vol selling now...

Posted by Newbie Here > 2020-04-15 15:18 | Report Abuse

later show time

Posted by Shinju_Nosuke > 2020-04-15 16:27 | Report Abuse

Wah..big vol enter @175... this persong sapu 1 bid above RBS...

Posted by Wáì Çhüñ > 2020-04-15 16:35 | Report Abuse

Maybe going to boost again tmr ?

Posted by beachboy > 2020-04-15 16:42 | Report Abuse

Habis cerita?

Posted by SA2023 > 2020-04-15 18:36 | Report Abuse

Belum habis. Profit taking today. Esok naik semula.

Posted by haribaik20 > 2020-04-15 19:09 | Report Abuse

yep.. tmr up again..

Posted by Shinju_Nosuke > 2020-04-15 21:04 | Report Abuse

If up again is good..but break 170 better sell..coz strong sppt is 150...

Posted by RedEagle > 2020-04-15 22:17 | Report Abuse

Delay..Reversal

Posted by beachboy > 2020-04-16 09:19 | Report Abuse

today macam got chance 0.17/ 0.175.. qqq

Posted by Superb99 > 2020-04-16 09:42 | Report Abuse

ya, pls, i want 0.17, already bought some at 0.175

Posted by beachboy > 2020-04-16 11:33 | Report Abuse

my target 0.205.. go go go

Posted by beachboy > 2020-04-16 12:13 | Report Abuse

0.175 buyer starting to build up.. See the wall can successfully build up and attack 0.18 or not

Posted by Wáì Çhüñ > 2020-04-16 12:22 | Report Abuse

It's very tough to go back to 0.19 agn

Posted by SA2023 > 2020-04-16 12:57 | Report Abuse

Eventually it will go up again. Buy and keep...

Posted by Belisto Skrang > 2020-04-16 13:44 | Report Abuse

https://www.theedgemarkets.com/article/property-prices-expected-decline-much-20-following-covid19-%E2%80%94-buyers-market-ahead-says-miea%C2%A0

Propety will have up to 20% discount ❤

Posted by 鼠不尽的福报} {} {. 钱赚筹码～ 筹码换钱 > 2020-04-16 14:03 | Report Abuse

Kekkekek...

Posted by beachboy > 2020-04-16 14:58 | Report Abuse

Dow up.. macam the momentum nak mari liao

Posted by haribaik20 > 2020-04-16 15:22 | Report Abuse

Buy and keep.. go.. go..

Posted by beachboy > 2020-04-16 15:42 | Report Abuse

0.175.. yesterday and today makan banyak lo....

Posted by beachboy > 2020-04-16 15:56 | Report Abuse

Someone keep sell at 0.175.. Someone keep makan at 0.175...so what?

Posted by pc007 > 2020-04-16 16:33 | Report Abuse

Wah...ayala still collecting at 0.175...

Posted by beachboy > 2020-04-16 17:16 | Report Abuse

tomorrow i will clear my MCT.. so boring..

Posted by Wáì Çhüñ > 2020-04-16 18:50 | Report Abuse

Me too. All in all out. Cut loss

Posted by Shinju_Nosuke > 2020-04-17 03:00 | Report Abuse

If can break 180 tmrw... so Nice...

Posted by minde008 > 2020-04-17 09:42 | Report Abuse

volume high... but keep hovering around 175 and 180

Posted by beachboy > 2020-04-17 09:59 | Report Abuse

accumulate at 0.175... macam no show today

Posted by Superb99 > 2020-04-17 10:36 | Report Abuse

ya, index up 20 over points, this mct still zzz..........

Posted by beachboy > 2020-04-17 10:46 | Report Abuse

very obvious blocking at 0.18 and 0.185.... either fly high today or stay at 0.175.. 0.17 0.175 is support level now

Posted by prov1022 > 2020-04-17 10:53 | Report Abuse

Engine revving up..........

Posted by beachboy > 2020-04-17 11:39 | Report Abuse

Unlimited buy and sell at 0.175

Posted by Longlong919 > 2020-04-17 12:03 | Report Abuse

hopefully break thru 0.18

Posted by foongchung > 2020-04-17 12:20 | Report Abuse

Weird, market so hot but MCT choose to Zzzzz....

Posted by minde008 > 2020-04-17 14:12 | Report Abuse

Hopefully it will wake up at 2nd session lol.

Posted by pc007 > 2020-04-17 16:42 | Report Abuse

Sangkut at .175 ....enjin sudah jammed...