3. Prospects for FYE 2017 Barring any unforeseen circumstances, the Group is poised to perform better since the cessation of duck farming segment from July 2016 which proven to be a torn in the past. The Group is now focused on its core business in food processing segment and continue putting efforts in rebuilding the business surrounding profitable segments, despite the current challenging economy
Will study this stock price action...i will look out for price at 0.115 and 0.12 and 0.11..most trade at 0.115...will see....potential black horse or not we will see..
We refer to the Company’s announcement dated 29 September 2017 (“Announcement”) in relation to the application for an extension of time to submit its regularisation plan (“Application”).
Further to the Announcement, on behalf of the Board of Directors of HBGLOB (“Board”), SJ Securities Sdn Bhd wishes to announce that after due consideration of all facts and circumstances of the matter including the financial position and performance of HBGLOB based on its latest financial statements as well as the developments and efforts by the Company to improve its existing business and regularise its financial condition, Bursa Securities has, vide its letter dated 9 November 2017, granted the Company an extension of time of up to 31 March 2018 to submit a regularisation plan to the regulatory authorities (“Extension of Time”).
The Extension of Time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the securities of HBGLOB and to de-list the Company in the event:
HBGLOB fails to submit a regularisation plan to the regulatory authorities on or before 31 March 2018; HBGLOB fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or HBGLOB fails to implement its regularisation plan within the time frame or extended time frames stipulated by Bursa Securities. Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of HBGLOB on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.
Anything can happen from now until 31st March 2018. Good or bad QR, RTO, new JV to revamp the business, just be positive and be carefull/alert at the same time. If HBGlob will go thru, good for us.
HBGLOB- based on previous quarter result of RM 2 million profit, EPS of 0.43c, let's say we forecast profit this quarter around the same, this translates to EPS full year of 1.72c. taking basic PE of 12X earning, this translate to TP of around 20-25c (should earnings be consistent), and uplift PN17
. Prospects for FYE 2017 Barring any unforeseen circumstances, the Group is poised to perform better since the cessation of duck farming segment from July 2016 which proven to be a torn in the past. The Group is now focused on its core business in food processing segment and continue putting efforts in rebuilding the business surrounding profitable segments, despite the current challenging economy
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....
kenie
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Posted by kenie > 2017-09-18 16:59 | Report Abuse
BEHIND THE STORY: China-based firms under scrutiny
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