@andrewlum, don't worry. It's normal to be worried when a stock is stagnant. But look at it's past few quarters, and the pending quarter results. By right, and left, it should be a good result.
And compared to other counters, we're perfectly fine.
Dont worry, buy more. All good from my point of view.
The Board of Directors (“the Board”) of CCK Consolidated Holdings Berhad (“CCK”) wishes to announce that the Board had undertaken revaluation exercises on the lands held by CCK Group, and has on 29 February 2016 approved the revaluation surplus of RM51,005,000 (net of deferred tax) to be incorporated into the consolidated financial statements of CCK for the financial year ended 31 December 2015.
The purpose of the valuation is to reflect the latest market value and fair value of the non-current assets of CCK Group in compliance with the Group’s accounting policies.
The valuation exercises were conducted by VPC Alliance (Sarawak) Sdn. Bhd., VPC Alliance (Sabah) Sdn. Bhd., VPC Alliance (KL) Sdn. Bhd. and KJPP Jimmy Prasetyo & Rekan (collectively referred to as “the Valuers”) using the Comparative Method of valuation and Cost Approach to arrive at the market value of the lands. The value placed on the lands by the Valuers of RM89,800,589 is based on the valuation reports dated 20 January 2015 and 16 February 2015.
As a result of the revaluation surplus of RM51,005,000, the CCK Group’s net assets per share, based on the unaudited results of the Group as at 31 December 2015, has increased from RM1.07 to RM1.40.
The valuation reports are available for inspection at the registered office of CCK at Lot 999, Section 66, Jalan Keluli, Bintawa Industrial Estate, 93450 Kuching, Sarawak, Malaysia during normal business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.
"The Group will continue to look for opportunities to expand its network of outlets in both Malaysia and Indonesia. It will remain focused in managing its operating costs effectively and to increase its market share both domestically and internationally. In view of the higher business volumes generated from the increase in more stores/outlets opened during the current financial year and prudent operational cost control by the management, the Group expects its performance for the coming financial year to be comparable or if not better than that achieved in this financial year."
KUCHING: CCK Consolidated Holdings Bhd (CCK) registered higher earnings and revenue for the fourth quarter of 2015 (4Q15).
The company in a filing to Bursa Malaysia yesterday said 4Q15 revenue grew by 12.7 per cent y-o-y to RM127.84 million from RM113.35 million in 4Q14.
CCK in its acconts notes filed to the stock exchange explained that the increase in 4Q15 revenue were attributed to increase in business volume due to more consumer demand arising from more stores or outlets opened at strategic locations.
In tandem with the increase in revenue, the group’s current quarter pre-tax profit of RM5.680 million was higher as compared to preceding year’s corresponding quarter where the pre-tax profit was recorded at RM3.115 million, an increase of 82 per cent y-o-y.
Its 4Q15 net profit jumped by 93.7 per cent y-o-y to RM4.2 million from RM2.17 million recorded in 4Q14.
For financial year 2015 (FY15) ended Dec 2015, revenue gained by 12.8 per cent y-o-y to RM509.05 million from RM451.28 million generated in FY14 ended Dec 2014.
Correspondingly, CCK’s FY15 net profit rose by 68 per cent y-o-y to RM13.87 million from RM8.28 million recorded in FY14.
Commenting on the group’s prospects, CCK said, “The group will continue to look for opportunities to expand its network of outlets in both Malaysia and Indonesia.
“It will remain focused in managing its operating costs effectively and to increase its market share both domestically and internationally.
“In view of the higher business volumes generated from the increase in more stores or outlets opened during the current financial year (FY15) and prudent operational cost control by the management, the group expects its performance for the coming financial year to be comparable or if not better than that achieved in this financial year (FY15).”
Even how cheap no point lar . ......volume shrink cum with weak market sentiments , unless you are very wealthy with surplus resources can buy and keep inside the refrigerator for longer term of investment which sometimes still at risks if the market slide further . No one can predict the future in stocks market . I learned my mistakes in stocks markets , and l was completely wiped out having the most silly concept to buy and keep stocks for long term . Buying stocks to keep for long term and appropriate with long term minimal risks are advisable only after the market undergo strong corrections or if there's a chance of market collapse . This is my opinions and sometimes it can go vice versa . Trade at your own risks . Cheers !
CCK Consolidated Holdings Bhd proposed to raise its authorised share capital to RM500 million comprising one billion shares, from RM100 million or 200 million shares of 50 sen each.
In order to reward shareholders, CCK Consolidated also proposed a bonus issue of 157.67 million shares to be credited as fully paid-up on the basis of one bonus share for every one existing share held in CCK Consolidated on an entitlement date to be determined later.
Mr. Chung Peng Kueh serves as Director of Aquaculture Farming Division of CCk Consolidated Holdings Bhd. Mr. Kueh has been an Executive Director of CCk Consolidated Holdings Bhd since July 15, 1997.
Mr. Chung Peng Kueh serves as Director of Aquaculture Farming Division of CCk Consolidated Holdings Bhd. Mr. Kueh has been an Executive Director of CCk Consolidated Holdings Bhd since July 15, 1997.CCK Consolidated Holdings Bhd ~ Bull Trap - CCK rose to RM1.31, the highest level in more than five years from 52-week low of 72sen. The stock, which was trading in the 75sen and 90sen range for a significant period since 2011, started to move up from the 80sen level late last year and peaked at RM1.31 recently. The Sibu-based company has sold more than 1.85 million treasury shares priced between RM1.20 and RM128 per share in a series of disposals in the past one week. On April 14, CCK sold 860,000 such shares priced between RM1.21 and RM1.28 for nearly RM1.07mil. This was followed by disposals of 573,000 shares the next day. The latest disposal of 322,900 treasury shares at prices between RM1.20 and RM1.21 was on April 20, according to the company’s filings with Bursa Malaysia. The disposals amounted to a total of RM2.27mil. The outstanding treasury shares stood at more than 583,000 units. ~ 25 Apr 2016 http://www.thestar.com.my/metro/community/2016/04/25/cashing-in-on-high-prices-sibubased-poultry-supply-chain-operator-disposes-its-treasury-shares/
KUCHING: Sarawak-based CCK Consolidated Holdings Bhd (CCK) expects tough times to persist for the local economy, but will see past investments bearing fruit in 2016 and beyond.
According to non-indendent non-executive chairman Datuk Tiong Su Kouk, the coming minimum wage hike was one such rise in costs for businesses hre.
“During the tabling of Budget 2016, Prime Minister Datuk Seri Najib Razak announced that the minimum wage for employees in Peninsular Malaysia will be raised by RM100 to RM1,000 per month and by RM120 from RM800 to RM920 for employees in East Malaysia, effective July 1, 2016.
“As such, we anticipate that this increment in wages will affect our costs,” he said in CCK’s Annual Report 2015.
“With tough times expected, we at CCK remain positive about 2016 and beyond. The investments made in the past few years are now gradually bearing fruit and we believe that our performances in the future will reflect the strength of our position.”
To note, for the financial year ended Dec 31, 2015, the group recorded a revenue of RM494 million as compared to RM451 million in the financial year ended Dec 31, 2014, an increase of 9.5 per cent.
“Profit before tax for 2015 was recorded at RM16 million, an increase of 24 per cent. Despite the difficult economic conditions, we are indeed pleased to have been able to continue our gradual recovery and reap the benefits of our investments during the past few years.
“Employee engagement remains a high priority as we believe that our people are our best assets,” he highligited.
“Recognising that we are in the food business, maintaining a high level of cleanliness and health among our employees is crucial. As such, we constantly strive to adhere to the standards of the Department of Safety and Health and the Ministry of Health.
“To ensure our employees are fully aware of this, there are always new training courses and new equipment introduced to ensure our employees are working in a safe and secure environment.”
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....
Andrew Lum
27 posts
Posted by Andrew Lum > 2016-02-20 19:24 | Report Abuse
@8illionaire do you have any insider info? i accidentally chased at 1.27 and stuck now not sure what to do